Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card offers a 2% cash back on purchases in two selected categories from the list below. While the cash back is limited, it is one of the highest rates among credit cards with no annual fee.

Card Summary:

– No Annual Fee

– 19.95% Purchase Rate

– Rewards Program

– Cash Back Rewards

– Bonus Offer

Rewards Summary:

• You will receive a welcome bonus of 15% cash back on up to $1000 for everyday purchases within the first 2 months.
• You can earn 2% cash back on two of the following categories: Grocery, Gas, Restaurants, Furniture, Hotels/Motels, Recurring Bill Payments, Drug Stores, Home Improvements, Entertainment, and Public Transportation/Parking.
• There is no limit on the cash back you can earn.

Benefits Summary:

• Real-time earnings
• Transfer your balance within the first 30 days and receive a 1.95% interest rate on the amount transferred for the first 6 months, which then increases to 19.95%.
• Interest on cash advances: 19.95% (one of the lowest rates)
• Mobile wallets: Apple Pay, Samsung Pay, and Google Pay.

Insurance Summary:

• Limited purchase assurance and extended warranty are available for purchases made anywhere in the world.

The Tangerine Money-Back Credit Card is among the top credit cards in the market and does not have an annual fee. It offers up to 2% cash back, without any limit, but this reward is applicable only to two categories of spending. For all other purchases, the cash back drops to 0.5%. In comparison to other credit cards, the reward rate might be only half of what you could earn on your purchases. Nonetheless, the absence of an annual fee makes this card advantageous if you use it exclusively for the two categories where you can earn high rewards and use other credit cards for your everyday spending.

Editor’s Review:

Tangerine Money-Back Credit Card Review

Overview
The Tangerine Money-Back Credit Card is a no-annual-fee card offering up to 2% cashback in selected spending categories. This card is ideal for those who want flexibility in earning rewards, as you can choose up to three categories to earn higher cashback.

Key Features

• Interest Rate: 19.95%
• Rewards Program:
  • 2% cashback on up to three categories (e.g., groceries, gas, restaurants)
  • 0.5% cashback on all other purchases
• Fees: No annual fee
• Benefits:
  • Purchase assurance and extended warranty
  • Flexible category selection
• Insurance Coverage: Purchase assurance and extended warranty
• Security Features: Standard security features with fraud protection

Pros and Cons
Pros:

• No annual fee
• Flexibility in cashback categories
• Easy-to-understand rewards structure

Cons:

• 0.5% cashback on non-selected categories is low
• No travel or premium benefits

Who is this card for?
This card is great for budget-conscious individuals who want a no-fuss cashback card with flexibility in choosing reward categories. It’s especially beneficial if your spending aligns with the available categories.

Comparison with Similar Cards

Final Verdict
The Tangerine Money-Back Credit Card scores an 8/10. It’s a strong option for those looking for a no-annual-fee card that offers flexibility in earning rewards. However, the lower cashback on non-selected categories might be a drawback for some users. If your spending aligns well with the chosen categories, this card can offer significant value.

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Disclaimer: Refer to the credit card official web page for the latest up to date rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.