Subscription Bonuses
Select all options which you're currently subscribed to (i.e. account owner). The corresponding card reward values will change based on your selection.
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Finly factors in all the reward limits and fine prints of every single credit card.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Restaurant, Fast Food & Coffee Shop
$
Grocery
$
Recurring Purchases (Bills, Subscriptions, Rent via Chexy)
$
Gas
$
Transportation
$
Entertainment (Movies, Concerts, etc.)
$
Foreign Purchases (Non $CAD)
$
Travel (Flights, Hotels, etc.)
$
Pharmacy
$
Online Shopping
$
Home Improvement (Renovation, Furniture)
$
Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey
$
Other Purchases Not Specified
$
25% Referral Cash Bonus
Share your unique referral link to the Tangerine Money-Back Credit Card and earn a 25% rebate bonus. Learn more about the Finly referral program.
Card Details
Based on $2,000 spending
First Year Value
$468.79
$248.79 in years after
Annual Rewards
$248.79
First Year Bonus
$100
Finly Rebate
Annual Fee
$0
First Year Value
$468.79
$248.79 in years after
Interest Rates
Cash Advance: 22.95%*
Purchase: 20.95%*
Balance Transfer: 22.95% (1.95% first 6 months)*
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
In the first 2 months, get a bonus 10% cash back up to $100
Card Type
Cash Back
Our Rating
4/5
Institution
Tangerine
Rewards†
- 2% on the choice of two categories chosen from the 10 offered by Tangerine
- 0.5% cashback on all other credit card purchases.
Tangerine Money-Back Credit Card Cash Back Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Groceries
$87.72
Restaurants, Fast Food, Food & Dining
$84
All other purchases
$77.07
Net Annual Rewards
$248.79
Rewards Summary
Net Annual Rewards
$248.79
First Year Card Bonus
$100
First Year Card Value
$348.79
Finly Rebate
$120
Insurance & Benefits†
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
Up to a year
Pros & Cons
Pros
- Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.
- 2% cashback on recurring Transactions and pharmacy purchases. One of the highest cashback rates on these categories among credit cards in Canada.
- Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.
- Easy credit score requirements needed for this card.
- Overall, it is a good no-annual-fee cashback credit card, especially if you have a Tangerine Savings account.
Cons
- Insurance coverage is the most basic.
- Very low cashback rate on the other categories not selected.
Tangerine Money-Back Credit Card Review
The Rewards
- Grocery
- Furniture
- Restaurants
- Hotel-Motel
- Gas
- Recurring Bill Payments
- Drug Store
- Entertainment
- Public Transportation
- Parking
Welcome Bonus
2 benefit of Tangerine Money Back Card
1. Good cashback rate for a card with No annual fee
2. Easy Approval
Downsides of the Tangerine Money Back Credit Card
Low Insurance Coverage
Final Verdict
- If you want a card with many benefits then this card might not be for you. Tangerine only has the basic benefits and there are some cards that provide more benefits.
- If you are willing to use multiple credit cards, then we advise you to go for this card. The main reason is that even though it might not be the best card for Grocery and Restaurant purchases, which are the biggest spending categories for many people, it is one of the best cards (Among all credit cards, both paid and free!) for Recurring purchases, Gas and Pharmacy. So having this card in for these categories in addition to another card for your Restaurant and Grocery purchases would create a great combo!