The Tangerine Money-Back Credit Card offers cashback with no annual fee. This guide explains how to apply, check eligibility, and understand key terms and fees.
Overview of the Tangerine Money-Back Credit Card
This card allows you to earn unlimited cashback with no annual fee. You can choose categories to maximize returns and enjoy a generous welcome bonus if you’re new.
The card comes in two versions: the Standard and the World Mastercard®. Each offers different benefits based on your qualifications.
Main Features Insights
Here’s what makes this credit card stand out. These core features offer value and flexibility for daily spenders.
- Unlimited cashback on everyday purchases with no cap.
- No annual fee, making it ideal for budget-conscious users.
- Earn 10% cashback on up to $1,000 in purchases during the first 2 months (up to $100).
- Flexibility to choose your cash-back categories.
- Mobile app for tracking rewards and managing the account.
Standard Vs. World Mastercard®
The Standard version offers cashback and basic card functionality. The World Mastercard® version includes additional perks for those with higher financial qualifications.
These include travel insurance, mobile device protection, and purchase assurance. Both versions have no annual fee and give access to the same reward structure.
Choosing the right one depends on your eligibility and the benefits you desire.
Eligibility Requirements
Before applying, ensure you meet the financial and personal requirements. Tangerine has separate criteria for the Standard and World Mastercard®. These rules help determine your eligibility for each version.
Requirements for Standard Card
This section outlines the basic eligibility needed for the Standard version. Meeting these requirements ensures a smoother application process.
- Gross annual income of $12,000 or more.
- Must be the age of majority in your province or territory.
- Be a permanent resident of Canada.
- No history of bankruptcies in the past 7 years.
Requirements for World Mastercard®
To be eligible for this upgraded card, you must meet at least one of the following:
- $50,000 annual income individually.
- $80,000 household income.
- Hold $250,000 or more in Tangerine savings or investment accounts.
Applicants must also meet the general requirements: legal age, Canadian residency, and clear of bankruptcy.
How to Apply for the Tangerine Money-Back Credit Card?
The application process is fully online and takes only a few minutes. Be ready with your income, ID, and personal details. Follow the steps below to apply.
Step-By-Step Application Process
Follow these steps to apply online quickly and securely. Be sure to have your income and ID details ready before starting.
- Visit Tangerine Credit Cards.
- Choose the Money-Back Credit Card and select your preferred version.
- Enter your personal details, income, and contact information.
- Upload supporting documents if requested (e.g., proof of ID or income).
- Review the terms and conditions, then submit your application.
- Wait for an email notification about your card approval status.
Interest Rates and Associated Fees
Tangerine applies different rates for purchases, cash advances, and balance transfers. Be aware of penalties and additional charges to avoid unnecessary costs.
Interest Rates
This section explains the interest rates tied to purchases, cash advances, and balance transfers. Knowing them helps you avoid costly charges when carrying a balance.
- 20.95% on purchases under normal conditions.
- 22.95% on cash advances and balance transfers.
- If two consecutive minimum payments are missed, rates increase to 25.95% on purchases and 27.95% on cash advances.
Other Fees
This section outlines the additional fees you may encounter beyond interest charges. Knowing these fees helps you avoid unnecessary costs and manage your credit wisely.
- Balance transfer fee: 3% or minimum $5.
- Cash advance fee: $3.50 in Canada, $5 outside Canada.
- Over-limit fee: $25 per billing cycle (one-time).
- Dishonoured payment fee: $25.
- Past statement reprint fee: $5.
- Foreign currency transaction fee: 2.5% of converted amount.
Welcome Bonus and Rewards Structure
New cardholders can benefit from a one-time welcome bonus. This section explains how the bonus works and how to earn cashback consistently.
Welcome Bonus
This section highlights the promotional bonus available to new cardholders. It’s designed to give your first purchases an extra cashback boost.
- 10% cashback on the first $1,000 in purchases.
- Must apply by April 30, 2025.
- The card must be activated within 45 days of approval.
- Cashback bonus is applied 1–2 billing cycles after the 60-day promo ends.
Regular Cashback Structure
This section outlines how you can earn ongoing cashback after the welcome bonus ends. Understanding the structure helps you maximize the value of your everyday purchases.
- Choose up to 3 categories to earn higher cashback (e.g., groceries, gas, dining).
- All other purchases earn 0.5% cashback.
- Cashback is applied monthly and can be used as a statement credit or deposited into a Tangerine account.
Insurance and Travel Benefits – World Mastercard®
If you qualify for the World Mastercard® version, you’ll receive several insurance protections. These provide coverage for travel-related risks and large purchase protection.
Included Coverage
This coverage is exclusive to the World Mastercard® version of the card. It adds value by protecting your purchases and travel-related expenses.
- Purchase Assurance: Covers loss or damage on eligible new purchases for 90 days.
- Extended Warranty: Doubles the original warranty period up to 1 additional year.
- Rental car insurance: Covers theft and damage for rentals up to 31 days.
- Mobile device insurance: Up to $1,000 coverage for phones purchased with the card.
Contact Information for Help and Support
Tangerine offers 24/7 customer support for any credit card issues. You can reach them through multiple contact options.
- Everyday banking line: 1-888-826-4374 (24/7 support).
- Outside Canada: Call collect at 416-758-3139.
- Tangerine chatbot: Available on their website for general questions.
- For detailed support, log in to your Tangerine online account.
Disclaimers: Credit approval depends on Tangerine’s internal review process and is not guaranteed. Terms, rates, and offers may change at any time without notice, so always check the official website.
Final Thoughts: Choosing the Best Tangerine Card for Your Lifestyle
The Tangerine Money-Back Credit Card gives you cashback with no annual fee. Select your spending categories to boost rewards.
The World version adds insurance and travel perks if you qualify. Compare options and choose what fits your financial profile.
