Tangerine Money-Back Credit Card
- APR
- 20.95% – 22.95%
- Annual Fee
- $0
- Rewards
- Up to 2.0%
- Sign-Up Bonus
- CA$100
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Our Verdict
The Tangerine Money-Back Credit Card offers a straightforward cashback structure without an annual fee, making it an appealing choice for moderate spenders. However, its rewards are limited to select categories.
Pros
- No annual fee
- 2% cashback in up to 3 chosen categories
- 10% cash back for the first 2 months (up to C$100)
- 0.5% cash back on all other purchases
Cons
- Limited to 3 categories for higher rewards
- Lower cashback rate on non-category spending
- No travel rewards or benefits
- Customer service can be hit or miss
Our team evaluated the Tangerine Money-Back Credit Card, noting its no annual fee as a significant advantage for those looking to save on costs. The 2% cashback in selected categories is appealing, especially for everyday purchases. However, users must commit to choosing only three categories, which could limit rewards for varied spending habits.
The introductory offer of 10% cash back for the first two months is attractive, but the cap of C$100 means heavy spenders may not benefit as much. For those regularly purchasing in the same categories, this card can be rewarding, but it lacks travel perks that other cards like the Scotiabank Gold American Express provide, which include comprehensive travel insurance and higher overall rewards.
While the cashback structure is straightforward, the 0.5% back on all other purchases feels underwhelming. Users expecting to earn significant rewards on miscellaneous spending may want to consider alternatives like the RBC Cash Back Mastercard that offer a more balanced rewards system.
Customer service experiences can vary, which is a consideration if assistance is needed frequently. Overall, this card suits moderate spenders who can align their purchases with the selected categories, but those seeking broader rewards should explore other options. For more details, check out the issuer's page at Tangerine.
Watch Out
Be aware that switching categories requires re-evaluation of your spending habits and may not align with fluctuating needs.
Best For
This card is best for Canadians who prefer a no-fee cashback option and have predictable spending in specific categories. It’s less ideal for those who travel frequently or want flexible rewards.
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