Tangerine Money-Back Credit Card

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Tangerine offers a cash back credit card with no annual fee and plenty of other features.

19.95%

Purchase Interest Rate

$0

Annual Fee

1.95% for the first 6 months (then 19.95%)

Balance Transfer Rate

Details

Product NameTangerine Money-Back Credit Card
RewardEarn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends January 31, 2020.
Welcome OfferGet 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
Purchase Interest Rate19.95%
Cash Advance Rate19.95%
Balance Transfer Rate1.95% for the first 6 months (then 19.95%)
Interest Free Period Up to 21 days
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More Info

The Tangerine Money-Back Credit Card allows you to receive money back on every purchase you make. With unlimited cash back rewards available, you don’t have to worry about any monthly restrictions or limits. You also don’t have to pay an annual fee, which means your rewards don’t cost you extra.

Our comprehensive guide takes a look at the Tangerine Money-Back Credit Card. We consider the features and benefits of the card, as well as the eligibility requirements and how to apply. We also cover some of the most frequently asked questions about the Tangerine credit card.

What makes Tangerine different?

Formerly known as ING Direct, Tangerine is a unique bank that has very few brick-and-mortar branches across Canada. Functioning mostly online, Tangerine has a big presence established on the Internet and via their mobile app, however it also has a few physical locations and contact centres. With less physical branches, Tangerine can pass the savings back onto their customers. In 2012, Scotiabank acquired ING Bank of Canada and the name was changed to Tangerine.

Types of Tangerine credit cards available

  • Tangerine Money-Back Credit Card

Tangerine offers a cash back credit card with no annual fees. The money you receive as cash back can be moved automatically each month and can be used to pay your credit card balance or can be put into your Tangerine Savings Account. With unlimited money back rewards, you get 2% back on purchases in the select Money Cash-Back Categories of your choice, and 0.50% cash back rewards on any other purchases. This means you can select 2% cash back on the categories you spend the most money in.

Select Money Cash-Back Categories

You can choose from the following categories to earn 2% cash back on all purchases:

  • Grocery
  • Furniture
  • Restaurants
  • Hotel-Motel
  • Gas
  • Recurring bill payments
  • Drug store
  • Home improvement
  • Entertainment
  • Public transportation and parking

The benefits of banking with Tangerine

Some of the features you can enjoy when you get the Tangerine Money-Back Credit Card include:

  • Tangerine rewards

Tangerine offers unlimited cash back rewards. This means there is no limit on the amount of cash back you can earn each month from your spending. Categories include grocery, recurring bills payment, furniture, drug store, restaurants, hotels, entertainment, home improvement, gas and public transportation as well as parking. New account holders will get a promotional offer of 4% Money-Back Rewards up to 3 categories of their choice within the first 3 months from card activation. All other purchases on other categories will earn 0.5% Money-Back Rewards. Valid till 31 January 2020.

  • Tangerine Internet and mobile banking

Tangerine does most of its business online which means the Tangerine Online Banking and mobile app are used by every customer. 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 and generally manage your money.

  • Tangerine credit card complimentary extras

Tangerine offers complimentary extras including Purchase Assurance and Extended Warranty with a maximum lifetime amount of $60,000. You also have access to free additional credit cards for authorized users on your account.

  • Tangerine credit cards security

Tangerine have a DoubleSafe log in process which requires you to enter multiple types of information in order to log in to your account. To access your account, you must provide your account number and a special six digit PIN code. Before entering the PIN code, you will be presented with an image and a phrase that you selected. The image and phrase should always be the same, which creates an extra level of security for your account. Furthermore, Tangerine keep in contact with you via Orange Alerts, which are sent to you via email. These alerts keep you in the loop with what’s happening on your account, so you are always in the know.

  • Tangerine balance transfer offer

New account holders are eligible for a balance transfer offer with a promotional rate of 1.95% for the first 6 months of card membership. A balance transfer fee of 3% of the transferred amount is charged, or a minimum of $5. The promotional offer is valid within 30 days from from card approval.

How to apply for a Tangerine credit card

After doing research and comparing different credit cards and providers, you may decide that you’d like to apply for a Tangerine credit card. You can begin the application process by clicking on the green “Go to site” button above. This will take you to the secure Tangerine credit card application page, where you can apply for the card. Have the necessary documents ready so that you can correctly fill out the application form.

Eligibility requirements

Before you get started on your application, you should ensure that you meet the eligibility requirements for the Tangerine credit card. Eligibility requirements can vary but generally include the following:

  • Your age. You should be the age of majority in your province or territory, which is typically 18.
  • Your residency status. You will need to be a Canadian resident to apply for a credit card.
  • Your credit history. Check your credit score if you are unsure of your credit history before applying for a credit card. You will likely need good to excellent credit in order to get a Tangerine credit card.

Information you will need for your application

After checking that you are eligible for the credit card, you will need to gather the following information in order to proceed with the application process:

  • Personal information. You’ll need to provide personal information such as your address and your contact information. You’ll also need to verify your identity by providing an accepted form of identification, such as your driver’s licence number or passport number.
  • Financial information. You will need information about your current employment, income and assets like shares or property and your employer’s contact details. If you are self-employed, you may need to provide information regarding your expenses, liabilities and your accountant’s contact information.

While Tangerine currently only offer one credit card at the time of writing in November 2019, the credit card on offer provides many rewards including cash back, no annual fee and complementary protection. Whether you are a big spender or simply looking to save, this credit card may be a good fit for you.

Frequently asked questions about Tangerine credit cards

We answer some of the most frequently asked questions about Tangerine credit cards below. If you can’t find the answer to your question below, or if you’d like to leave us some feedback, get in touch with us by filling out the form at the bottom of this page.

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