Tangerine Money-Back Credit Card review

Tangerine credit card categories

You can choose from the following Tangerine credit card categories with the Money-Back Credit Card to earn 2% cash back:

Tangerine Money-Back Credit Card perks

• Welcome offer. Earn 10% cash back (up to $100) when you spend $1,000 in the first 2 months. Valid until August 31, 2025.
• Tangerine Cash back rewards. Earn 2% cash back in two Tangerine credit card categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account) and 0.5% cash back on everything else.
• Unlimited cash back. There is no limit to the amount of cash back you can earn each month from your spending with this Tangerine credit card.
• No minimum cash back threshold. The Tangerine Money-Back Credit Card rewards will be paid out every month regardless of how little cash back you’ve accrued.
• Changeable cash back categories. If your spending habits change, you have the option to change the Tangerine credit card categories where you’re earning 2% cash back.
• No annual fee. The Tangerine Money-Back Credit Card has no annual fee.
• Balance transfer offer. Get a 1.95% interest rate on balance transfers for the first six months. To take advantage of this offer, you must complete the Balance Transfer request within 30 days of account approval and activate your card within 45 days of approval. A promotional 1% balance transfer fee applies for each transferred amount (the standard balance transfer fee is the greater of 3% or $5, but this is waived by Tangerine if you're a resident of Quebec).
• Internet and mobile banking. Tangerine does most of its business online, which means the Tangerine Online Banking and mobile apps are well developed. Using the secure website or mobile app, you can move money between accounts, send money to others, ask for a credit limit increase, pay your bills, open new accounts and generally manage your money.

What to watch out for with this Tangerine cash back credit card

• No physical branch locations. Tangerine is an online-only bank, which means you can’t visit a branch in person. You can, however, withdraw and deposit money from any Scotiabank ATM.
• Lower cash back on other categories. Beyond the standard Tangerine credit card categories, you’ll only earn 0.5% cash back on other spending groups.

Tangerine Money-Back Credit Card interest rates

What should I know before I apply for the Tangerine Money-Back Credit Card?

If you’re thinking about applying for the Tangerine Money-Back Credit Card, consider these factors first.

Eligibility requirements

To apply for the Tangerine Money-Back Credit Card you need to:

• Be a Canadian citizen or a permanent resident
• Be at least 18 years of age or the age of majority in your province or territory of residence
• A minimum income of at least $12,000
• Have a credit score of 600 (a credit rating of good to excellent)
• Clear of bankruptcies over the past seven years

Required documents and information

• Your full name and contact information
• Your Social Insurance Number (SIN) and date of birth
• Your employment details
• Your financial information, including any debts and assets

How to apply

1. Go to Tangerine's website to apply for a Tangerine Money-Back Credit Card.
2. Read through the Disclosure Statement details on the Tangerine credit card site, select Accept and continue.
3. Complete the application with details like your name, email address, Social Insurance Number and birth date.
4. Review and submit your application. After you’ve been approved, you can choose your Tangerine credit card categories.

How safe is the Tangerine Money-Back Credit Card?

Tangerine requires you to enter multiple types of information to log in to your account online. When logging in to Tangerine’s mobile app, you’ll also have the option of using biometrics login like Touch ID and Face ID on Apple devices and Fingerprint Unlock on Android devices.

To access your Tangerine account through your computer’s web browser, you must provide your account number and a special six digit PIN code, as well as a complete two-step authentication.

Tangerine will send a text message to the mobile phone number associated with your account. The text message will contain a one-time passcode that’s usually a six-digit number. You just have to enter that number on your browser’s account login page to finish logging in.

Furthermore, Tangerine keep in contact with you via Orange Alerts, which are sent to you via text or email and keep you in the loop with what’s happening in your account.

What makes Tangerine different?

Formerly known as ING Direct, Tangerine is a unique bank that operates entirely online via desktop and mobile apps. With very little overhead costs compared to traditional banks, Tangerine can pass the savings back onto their customers. In 2012, Scotiabank acquired ING Bank of Canada and renamed it to Tangerine.

Tangerine often tops the charts for customer satisfaction. Recently, it ranked the highest in Customer Satisfaction among Midsize Personal Banks in the J.D. Power 2024 Canada Retail Banking Satisfaction Study for the 13th consecutive year. Tangerine was also listed among the World’s Best Banks in 2025 by Forbes.

Bottom line

The Tangerine Money-Back Credit Card comes with many perks, including cash back, no annual fee and an optional balance transfer offer. Whether you’re a big spender and want to earn extra cash back rewards on select spending categories or you’re simply looking to save with no annual fee and a low promotional balance transfer rate, this credit card may be a good fit for you.