Tangerine Money-Back Credit Card: a comprehensive guide
Take the stress out of your finances — and get cash back while you’re at it!
The Tangerine Money-Back credit card is a straightforward credit card that offers cashback on a variety of purchases.
With its simplicity and flexibility, this financial product appeals to those who prefer easy-to-understand benefits and want to earn money back without the complexity of other rewards programs.
In this guide, we’ll explore the pros and cons of this credit card to help you determine if it’s the ideal choice for your financial needs. Keep reading!
Pros and cons of the Tangerine Money-Back credit card
Before making a decision about the Tangerine Money-Back credit card, it’s essential to weigh its advantages and disadvantages.
While this product offers several benefits, it also has some limitations to consider.
Take a look at the details below:
Advantages
This credit card provides several benefits for consumers looking for a simple reward structure:
- It has no annual fee;
- Cardholders can choose two categories where they earn 2% cashback, such as grocery, furniture, drugstore, entertainment and other options;
- This product has no limit on the cashback you receive, meaning the more you spend, the more you earn;
- Clients get a bonus of 10% cashback for purchases made in the first 2 months.
Disadvantages
The Tangerine Money-Back credit card also comes with some potential drawbacks that users must be aware of:
- It offers only 0.5% cashback on purchases made in categories outside of the two selected ones;
- The interest rates for purchases and cash advances may be considered elevated for some consumers;
- This product doesn’t come with additional perks like travel insurance, purchase protection, or other premium features offered by some competitors;
- It has a foreign currency conversion rate, which might impact the budget of frequent travelers.
Fees and rates Tangerine Money-Back credit card
The Tangerine Money-Back credit card is designed to be simple and affordable for most of its potential customers.
Here’s a breakdown of the main fees of this product:
- Annual fee: non-applicable;
- Interest rate on purchases: 20.95%;
- Interest rate on cash advances: 22.95%;
- Foreign currency conversion rate: 2.50%;
- Overlimit fee: $25.00;
- Rush card fee: $25.00.
Updated according to the issuing website on 05/08/2025
About the bank
The Tangerine Bank is a well-known financial institution that focuses on providing accessible banking products and services.
It offers a variety of financial products, such as savings accounts, investment options, and credit cards.
As a part of the Bank of Nova Scotia, Tangerine is backed by one of Canada’s largest financial institutions, providing customers with security and trust.
Application
The Tangerine Mobile App is a feature that can be used for managing your Tangerine Money-Back credit card.
It offers a user-friendly experience, allowing you to track your spending, view your rewards, and make payments easily.
With the app, you can also check your balance, see transaction details, and even set up notifications to stay on top of your spending.
It also provides a simple interface to manage your cashback categories and ensure you’re maximizing your rewards.
Opinion about the card Tangerine Money-Back credit card
The Tangerine Money-Back credit card is an interesting choice for individuals looking for an uncomplicated financial product that provides straightforward cashback rewards.
Its flexibility in selecting two cashback categories makes it a valuable option for those who want to earn rewards based on their spending habits.
However, the lower cashback rate on non-selected categories and the lack of additional perks like travel insurance may not suit everyone’s needs.
So, if you need a card with more premium features or higher rewards across all purchases made, you might want to consider other options.
The no annual fee feature makes it a cost-effective choice, especially for those who want to avoid additional yearly expenses.
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