Learn more about Tangerine’s Money-Back Mastercard Credit Card and know how you can apply!
If you are looking for a cash back card, the Tangerine Money-Back Mastercard Credit Card is one of people’s favorite choices! It is an entry-level card with no annual fees, a great choice for people who have a fair anual minimum income and want to obtain a secure payment method for everyday purchases, but also earn some extra money back.
With an unlimited montly cash back, this credit card has become one of the most popular no annual fee credit cards in Canada. Want to learn more about it? Keep reading and get to know its benefits and how to apply!
What are the benefits of Tangerine’s Money-Back Mastercard Credit Card?
- $0 annual fee;
- Free supplementary cards;
- Add up to 5 people – one Account, multiple Cards, no extra charge;
- Cash back is unlimited and paid monthly;
- 2% cash back in two spending categories of your choice;
- 2% cash back on a third category if you choose to have your rewards deposited into your Tangerine Savings account;
- 0.5% cash back on all other purchases;
- 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies);
- Zero Liability Protection by Mastercard;
- Extended warranty;
- International acceptance.
The categories you can choose for the 2% cash back are:
- Groceries;
- Gas;
- Restaurants;
- Recurring Bills;
- Drug Stores;
- Hotels;
- Furniture;
- Home Improvement;
- Entertainment;
- Public Transit and Parking.
Pros vs Cons?
| ✔️ PROS | ❌ CONS |
| 2% average cash back |
Limited to 0,5% cash back for purchases outside your chosen categories
|
| Unlimited cash back paid montly |
Purchase interest rates reach as high as 19.95%*
|
| No annual fees |
No travel medical insurance or any substantial side perks
|
How do I apply for the Tangerine Money-Back Mastercard Credit Card?
To be eligible for this credit card, all you need is to have a minimal annual income of $12,000 and no bankruptcies over the past 7 years, besides being a permanent resident of Canada and the age of majority in your home province or territory, in order to apply. Also, your credit score has to be 660 or above.
You can apply for it in a matter of minutes. Here’s how it works:
- Visit the Tangerine Money-Back Credit Card page and click the orange ‘Apply Now’ button on the left side of your computer screen;
- A pop-up will appear. If you are already a Tangerine client, you can choose to log in. If you are not a client, click ‘No, sign me up’ to start the application process;
- Once you are in you will be presented with a disclosure statement about the credit card. Read it over and click ‘accept’ to continue;
- Complete the application form. You will be asked personal questions, employment and financial informations;
- Review and submit your application.