Tangerine Bank eliminates traditional banking complexities by offering a suite of products that includes savings accounts, checking accounts,, mortgages, and credit cards.
For instance, reflects the bank’s commitment to simplicity and value, allowing users to customize their cashback rewards based on individual spending preferences.
Tangerine, a digital bank known for its customer-friendly approach and innovative financial products, offers this card to provide a seamless and rewarding experience.
With no annual fee and flexible cash back options, the Tangerine Money-Back Credit Card is designed to help you make the most out of your everyday expenses.
Pros and Cons of the Credit Card
Pros:
- No annual fee;
- Customizable cash back categories;
- Simple and transparent rewards program.
Cons:
- Higher interest rates;
- Limited premium benefits;
- Foreign transaction fees.
Credit Card Fees and Charges
The Tangerine Money-Back Credit Card stands out for its no annual fee, making it an attractive option for budget-conscious consumers.
However, it’s important to be aware of other potential charges. The interest rate for purchases is 19.95%, while cash advances carry a higher rate of 19.95%.
If you miss a payment, a late fee will be applied, and there may also be fees for exceeding your credit limit or for returned payments.
Foreign transaction fees are 2.5% of the transaction amount, which is something to consider if you frequently make purchases in foreign currencies.
Overall, while the card is fee-friendly in terms of annual costs, it’s crucial to manage your payments to avoid additional charges.
About Tangerine Bank
Tangerine Bank, formerly known as ING Direct Canada, is a digital bank that offers a range of financial products and services.
Founded in 1997, Tangerine has grown to serve over 2 million customers across Canada.
The bank is known for its no-fee banking model, high-interest savings accounts, and customer-centric approach.
Tangerine aims to simplify banking and make it more accessible, offering a seamless online and mobile banking experience.
Application
Applying for the Tangerine Money-Back Credit Card is a straightforward process that can be completed online.
You’ll need to provide personal information such as your name, address, and contact details, as well as financial information including your income and employment status.
Tangerine will review your credit history and financial information to determine your eligibility.
Once your application is approved, you will receive your card in the mail within a few business days. After activating your card, you can start earning cash back on your purchases right away.
The application process is designed to be quick and user-friendly, ensuring that you can start enjoying the benefits of your new card as soon as possible.
Why Apply for This Credit Card?
There are several compelling reasons to apply for the Tangerine Money-Back Credit Card.
First and foremost, the ability to earn cash back on categories of your choice means you can tailor the rewards to fit your spending habits.
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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