We’ve all been waiting for it and it’s nearly here.
Tangerine—the semi-new, very-orange financial institution—is releasing its first credit card and we’re excited. The Tangerine Money-Back Credit Card is one of the most flexible cash back credit cards we’ve seen, and here’s why:
First of all, the card allows a solid 2% cash back in multiple categories. What’s amazing is that the card allows you to choose two categories of your choice! These categories are:
- Drug Store
- Entertainment
- Furniture
- Gas
- Groceries
- Hotels and Motels
- Home improvement
- Parking
- Recurring bills
- Restaurants
This is unlike anything we’ve seen, and allows customers to tailor their cards to their lives, (which is awesome).
It also has other perks:
- No limit on the money-back rewards you can earn
- No annual fee
- Purchase Assurance: 90-day insurance on purchases for theft, loss, damage
The card is not yet available, but is getting a lot of hype (and for good reason). Here it is in comparison to some of the other best no annual fee credit cards in Canada for cash back:
SimplyCash American Express
- 1.25% on all purchases
- First six months/$250 cap: 5% gas, groceries, dining
- 2% on gas and groceries
- First six months: 5% gas, groceries
- 0.5% on all purchases