Review: Tangerine Money-Back Credit Card

Kayla Reyes
by Kayla Reyes March 30, 2016 / No Comments

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.

So when we initially discovered that Tangerine was planning to release a cash back credit card, we were all buzzing with excitement, especially after reading the sneak peak details about the card.

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. 2% in chosen spending categories and 1% on everything else). For the Tangerine Money-Back Credit Card, you can choose from the following categories:

  • Drug store
  • Entertainment
  • Furniture
  • Gas
  • Groceries
  • Hotels and motels
  • Home improvement
  • Parking
  • Recurring bills
  • Restaurants

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
  • 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!

Tangerine Money-Back Credit Card


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  • Earn 2% Money-Back Rewards on purchases in up to three 2% Money-Back categories of your choice, and 0.5% Money-Back Rewards on all other purchases
  • No annual fee for yourself and additional cardholders
  • Accepted at Costco and all Loblaws stores

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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