Cash back cards are great; they’re simple and straightforward. You don’t need to worry about blackout dates, points devaluing or the complicated process of figuring out how to best maximize each point.
They did release the credit card early to a select group of people, but to every other Canadian looking to get this card, today’s your lucky day. The Tangerine Money-Back Credit is now available to everyone…and it’s even better than we expected!
This card offers you 2% cash back for up to three categories of your choice. This is rare in the credit card market. Typically, cash back credit cards have set multipliers for certain purchase categories (e.g. 4% on gas and groceries and 1% on everything else). For the Tangerine Money-Back Credit Card, you can choose from the following categories:
- Drug store
- Hotels and motels
- Home improvement
- Recurring bills
On top of being able to choose your own categories, another great feature is the ability to receive an additional 2% Money-Back Category! Deposit your cash back rewards into a Tangerine Savings Account and you’ll get a third category earning 2%. So you’re basically being rewarded to save money!
If you decide that you’d prefer to receive the cash back rewards and not deposit it into a savings account, then you’ll earn 2% cash back on two categories and all your cash back rewards will be applied to your credit statement every month. You don’t have to wait a whole year or until you’ve hit a certain amount.
If that’s not enough, then here are other notable features:
- No annual fee
- Widely accepted at retailers like Costco and Loblaws
- Low foreign conversion fee of 1.5%
- Free cards for authorized users on your account
This Tangerine Money-Back Credit Card has it all and will rival some of the top cash back credit cards in the market—with an annual fee or not. Make sure to check it out!
If you’re still not convinced that this is a great card, the Tangerine Money-Back Credit Card was recently named 2016 Product of the Year Canada™ from a nationwide consumer vote.
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