If you’re looking for a credit card that rewards you for your everyday purchases, the Tangerine Money-Back might be what you need.

With a simple cashback structure, it stands out as an interesting option for those who want to earn rewards without complicated requirements.

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In this guide, we’ll walk you through the main details of this financial product, including its benefits, and how it could fit into your lifestyle. Keep reading!

Who is the Tangerine Money-Back credit card for?

The Tangerine Money-Back credit card is recommended for people who want to receive cashback on their everyday spending without having to worry about keeping track of rotating categories.

With its straightforward benefits, it might also be a good fit for those who are just starting to build their credit or for those who prefer a low-maintenance financial product.

  • However, there are a few requirements to qualify for this card:
  • You need a minimum gross annual income of $12,000;
  • Applicants must have reached the age of majority in their province or territory;
  • A permanent Canadian residency is required;
  • You must not have declared bankruptcy within the last seven years.

Benefits of the credit card

The Tangerine Money-Back credit card comes with several benefits that can help consumers earn rewards and save money.

Let’s break down the main advantages:

Cashback rewards on your favorite categories

Clients can receive 2% cashback on purchases made in two categories of their choice: restaurants, hotels or motels, gas, recurring bill payments, public transportation or parking, and much more.

You have the option to select a third cashback category when your rewards are automatically deposited into a Tangerine Savings Account.

No annual fee

This financial product has no annual fee, making it an affordable option for consumers looking to earn benefits without this extra cost.

Free additional cards

Cardholders can request up to 5 additional cards at no extra cost.

These supplementary cards come with zero annual fees, making it easy to share the advantages of Tangerine Money-Back with family members or authorized users.

Balance transfers with low introductory rates

For the first 30 days, you can transfer balances up to your credit limit and enjoy a reduced interest rate of 1.95% for 6 months.

After the promotional period, the standard interest rate of 22.95% will apply to the remaining balance.

Main details of the card

Payment card services: Mastercard, which means it’s widely accepted around the world;

  • Type: it can be used domestically or internationally;
  • Initial limit: it will be determined based on the client’s credit history and other factors;
  • Annual fee: as mentioned earlier, there is no annual fee for the Tangerine Money-Back credit card;
  • Does it accept clients with bad credit? While this credit card is accessible to a wide range of credit scores, it’s not specifically designed for individuals with poor credit.

Those with fair or good credit will likely have a higher chance of approval.

Frequently asked questions

Still have doubts about the Tangerine Money-Back credit card?

Don’t worry, we’ll answer the most frequently asked questions about this financial product below:

Can I change my cashback categories?
Yes, you can change your cashback categories through the app or the official website of the bank.

But remember: these modifications won’t happen right away.

Before accepting the new categories, check the date that those changes will take effect.

Do I need to take action to redeem my Money-Back Rewards?
No action is required on your part.

Your Money-Back Rewards are automatically applied each month, either as a deposit into your Tangerine Savings Account or as a credit to your Credit Card Account on your statement date.

Does Tangerine offer a feature to protect the credit card’s purchases?
Yes, Tangerine provides a feature to safeguard your transactions.

Clients with a Tangerine Money-Back credit card are automatically enrolled in the bank’s suspicious spend alerts.

As long as your mobile number and email address are up to date, you’ll receive real-time notifications if any unusual activity is detected on your credit card account.

Documents required to apply

To apply for the Tangerine Money-Back credit card, you’ll need to provide the following documentation:

  • Proof of identity, like your passport or driver’s license;
  • Proof of income, such as pay slips or tax filings;
  • Your current address, which can be found on your utility bills or bank statements.

How to contact Tangerine?

If you have more questions or need assistance with your Tangerine Money-Back credit card, you can contact Tangerine through the following channels:

  • Everyday banking: 1-888-826-4374 for individuals living in Canada and 416-758-3139 for users residing outside of Canada;
  • Chatbot: found on the official website.

How to apply for the Tangerine Money-Back credit card?

The Tangerine Money-Back Credit Card offers a quick and straightforward application process.

You can submit your application directly on the Tangerine website, which provides a step-by-step online form to guide you through the process.

To apply for it, you’ll need to provide basic personal information, financial details, and proof of identity.

Conclusion

The Tangerine Money-Back credit card is a solid option for those seeking a straightforward rewards product.

Its easy-to-understand cashback structure and no annual fee provide a practical solution for everyday purchases, offering a simple approach to managing your finances.

However, it’s important to evaluate whether this card aligns with your financial habits and long-term goals before applying.

Click on the button below to be redirected to the official website responsible for issuing the Tangerine Money-Back credit card

GO TO OFFICIAL WEBSITE