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The New Tangerine Money-back MasterCard | Everything You Need to Know

To learn more about this card, please read our full Tangerine Money-Back Card review.

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

MBNA Smart Cash Platinum Plus

  • 2% on gas and groceries
  • First six months: 5% gas, groceries
  • 0.5% on all purchases