The Tangerine Money-Back Credit Card is a popular option for those looking to maximize their cash back on everyday purchases without the burden of an annual fee. Cardholders can earn 2% Money-Back Rewards in up to three categories of their choice, and 0.50% on all other purchases. Additionally, new cardholders can enjoy a promotional offer of 10% cash back on up to $1,000 in purchases during the first two months. With features like free cards for authorized users, easy online card management, and eco-friendly materials, the Tangerine Money-Back Credit Card is designed to provide both financial benefits and convenience.
Advantages of the Tangerine Money-Back Credit Card
One of the most appealing aspects of the Tangerine Money-Back Credit Card is its reward structure. Cardholders earn 2% Money-Back Rewards on purchases in up to three categories of their choice, which can include groceries, gas, restaurants, and more. All other purchases earn 0.50% cash back. Unlike many other credit cards, there is no annual fee, making it a cost-effective choice. Additionally, rewards are unlimited and are deposited monthly, either into the cardholder’s Tangerine Savings Account for an extra category or as a credit on the credit card statement. The introductory offer of 10% cash back on up to $1,000 in purchases during the first two months is another major perk.
Disadvantages of the Tangerine Money-Back Credit Card
While the Tangerine Money-Back Credit Card has many benefits, there are some potential downsides to consider. The standard interest rate on purchases and cash advances is 19.95%, which is relatively high if you carry a balance. Additionally, the foreign currency conversion fee is 2.50%, which can add up if you frequently make purchases in foreign currencies. Lastly, while there is no fee for reprinting current monthly statements, there is a charge of $5 per statement for past statement reprints.
Extra features offered by Tangerine Money-Back Credit Card
The Tangerine Money-Back Credit Card includes several extra features that enhance its value. Cardholders can add up to five authorized users at no additional cost, making it easier to manage household spending. The “Pause My Card” feature allows users to temporarily suspend their card if it’s lost or misplaced, adding a layer of security. The card also comes with Purchase Assurance and Extended Warranty, providing coverage for eligible purchases. Furthermore, it is made of 100% recycled plastic, reducing its environmental impact.
Learn how to apply for your Tangerine Money-Back Credit Card
Applying for the Tangerine Money-Back Credit Card is a straightforward process that can be done entirely online. Prospective cardholders can visit the Tangerine website or use the mobile banking app to fill out the application form. Required information includes personal details, financial information, and consent to a credit check.
Discover the main ways to apply for the Tangerine Money-Back Credit Card
There are multiple convenient ways to apply for the Tangerine Money-Back Credit Card. You can apply directly through the Tangerine website or by downloading the mobile banking app available on the Google Play Store and Apple App Store. Tangerine also provides the option to apply in person at one of their locations if you prefer face-to-face assistance.
Prerequisites for request
Before applying for the Tangerine Money-Back Credit Card, ensure you meet the necessary prerequisites. Applicants must be at least the age of majority in their province or territory, have a Canadian credit file, and meet Tangerine’s credit and income criteria.
From the site
To apply through the site, visit the Tangerine website, navigate to the credit card section, and select the Tangerine Money-Back Credit Card. Follow the prompts to complete your application online.
From the site App
Download the Tangerine mobile banking app from the Google Play Store or Apple App Store. Open the app, go to the credit card section, and select the Tangerine Money-Back Credit Card. Complete the application process within the app.
By agency
If you prefer to apply in person, visit a Tangerine location. A representative will assist you with the application process and answer any questions you may have.
The Tangerine Money-Back Credit Card offers a robust rewards program with no annual fee, making it an attractive option for those looking to maximize their cash back on everyday purchases. Its flexible reward categories, promotional offers, and eco-friendly design add to its appeal. While there are some drawbacks, such as higher interest rates and foreign transaction fees, the overall benefits make this card a valuable tool for smart spending.
