Apply for a Tangerine Money-Back Credit Card or Tangerine World Mastercard by September 30th, 2022 and earn an extra 15% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.


  • No Annual Fee
  • 19.95% APR
  • Extended Warranty for up to one year
  • Unlimited Cash Back
  • Purchase Protection
  • Annual Income requirement: $12,000

Tangerine Money-Back Credit Card Review

Cash-back credit cards are becoming common and all the major banks have cash-back cards in one form or other. This makes the cash-back credit card category very competitive which is great for us the consumers as we have plenty of options to shop around for the credit card that meets our needs.

Tangerine also offers a cash-back card and with no annual fee among other benefits it warrants consideration. 

How the Tangerine Credit Card Works?

Tangerine Money-back credit card offers 2% cashback on two categories of spend of your choosing. This means that you can earn the maximum cashback possible by choosing the categories where you spend the most. Not only that but you are allowed to change the categories each month. So if you realize you are starting to spend more in another category then simply switch. This is a huge plus point for this card as most other cards have pre-assigned categories and you cannot change them to suit your needs.

What are the key benefits of the card?

No Annual Fee

First and foremost, there is no annual fee which means you will never have to pay any fees as long as you stay up-to date with your payments. Interest payments, dishonoured payment, and over-limit fee are the only fees you will have to pay and that is up to you to manage. 

Unlimited Cash Back

Majority of credit cards have a cap on cash-back but with the Tangerine Money-Back Credit Card there is no such cap. You can take full advantage of the 2% cashback.

Cash-Back Categories

There are ten cash-back categories to choose from to maximize your cash-back opportunities.

  • Grocery
  • Furniture
  • Restaurants
  • Hotel-Motel
  • Gas
  • Drug Store
  • Recurring Bill Payments
  • Home Improvement
  • Entertainment
  • Public Transportation and Parking

Annual Income Requirement

Credit cards offering cash-back and additional benefits usually have a high minimum income requirement ranging for annual income of $80,000 to $100,000. Tangerine Credit Card only has minimum annual income requirement of $12,000. This makes this credit card very competitive and appealing to those with low-income.

Additional Benefits

You will also get Extended Warranty for up to one year on top of the manufacturer’s warranty if you purchase the item using this credit card.

Purchase protection is also included in the card which means that you are item purchased with this card is covered against damage or theft for 90 days from the date of purchase.

Are there any drawbacks to Tangerine Money-Back Credit Card?

The cash-back percentage is capped at 2% on selected categories and 0.5% on all other purchases. This is definitely on the lower side as there are other cards in the market that offer more competitive cash-back percentage, one such card is Neo Financial Credit Card.

 If you are looking for Rental Car Insurance, Travel Rewards, or Mobile Device Insurance then you will have to consider Tangerine World Mastercard which has a higher minimum income requirement of $60,000.


Overall, Tangerine Money-Back Credit Card offers good value for a no annual fee card. You are able to earn decent cash-back percentage which is even more appealing with the ability to change spend categories. Add on that the ability to add authorized users for free and this card becomes even more competitive.


Does Tangerine offer other credit cards?

Yes, Tangerine has a World Mastercard that offers additional benefits but does have higher annual income requirement of $60,000.

What should be my credit rating for this card?

You will need credit rating of Good-Excellent to be eligible for this credit card?

Is Tangerine Money-Back Credit Card compatible with Mobile Wallets?

This credit card works with Apple Pay, Google Pay, and Samsung Pay.

What happens if I go over-limit?

Tangerine charges an over-limit fee of $25.

Can I add additional users to my account?

You can add authorized users to your account for free. They will also enjoy no annual fees.

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