Key Advantages of the Tangerine Money-Back Credit Card
- Zero annual fee
- Cash back rewards
- Enhanced rewards
- Transfer and save options
- No earning limits
Why Do We Recommend the Tangerine Money-Back Credit Card?
This card is ideal for everyone. With an impressive maximum cash-back rate of 2% and no cap on cash-back earnings, the Tangerine Money-Back Credit Card has emerged as a favorite among no-annual-fee credit cards in Canada. It lets you earn cash back on up to three spending categories that you personally select.
You get 2% cash back on two categories of your choice (or three if you open a Tangerine Savings Account and deposit your rewards there) and 0.5% cash back on all other purchases. There’s no upper limit on how much cash back you can rack up, and your rewards are deposited directly into your bank account at the start of each month.
Additional Benefits of the Tangerine Money-Back Credit Card
This card offers a balance transfer promotion, making it an excellent option for those looking to consolidate and pay off debts at a lower interest rate. Beyond the perks already mentioned, you also get a purchase guarantee and extended warranty – for most new items bought worldwide using your Tangerine Money-Back Credit Card, you can receive up to a lifetime maximum of $60,000 for the following insurance coverages:
- Purchase warranty covers loss, theft, or damage to most new items for 90 days from the purchase date
- Extended warranty that can double the repair period to a maximum of one year
Eligibility Criteria for the Tangerine Money-Back Credit Card
To apply, you need to meet the following requirements:
- Gross annual income of at least $12,000
- Age of majority in your province or territory
- Permanent resident of Canada
- No bankruptcies in the last seven years