In a world where credit cards flood the market, the Tangerine Money-Back Credit Card stands out as a compelling choice for those seeking to maximize their rewards without breaking the bank. Let’s delve into the key features, requirements, benefits, and considerations that make this card a noteworthy option.
Key features of Tangerine Money-Back credit card
Rewards that keep on giving
Offering limitless Money-Back Rewards on regular transactions sets the Tangerine Money-Back Credit Card apart. The best part? No yearly cost. Earn 0.50% Money-Back Rewards on all other regular purchases and 2% Money-Back Rewards in two categories of your choosing. This flexibility ensures that your card works for your unique spending habits.
Special limited-time offer
Apply by January 31, 2024, and if approved, enjoy an extra 10% back on up to $1,000 in everyday purchases within your first 2 months. A fantastic way to kickstart your Money-Back Rewards journey.
Automatic earning and no limits
The effortless earning and monthly payment of Money-Back Rewards provides a hassle-free experience. The absence of a cap on the amount of rewards you can earn on everyday purchases adds to the attractiveness of this credit card.
Braille card identifier and eco-friendly design
Tangerine has taken steps to enhance the accessibility and environmental sustainability of its credit card. The inclusion of a Braille card identifier makes it easier for visually impaired individuals to identify the card by touch. Additionally, the card is made of 100% recycled plastic, reducing its carbon footprint by an impressive 61%.
2% money-back categories
Choose where you want to earn the highest rewards. The categories include Grocery, Furniture, Restaurants, Hotel-Motel, Gas, Recurring Bill Payments, Drug Store, Home Improvement, Entertainment, Public Transportation, and Parking.
Fees and interest information
While the Tangerine Money-Back Credit Card boasts no annual fee, it’s essential to be aware of other fees and interest rates associated with the card:
- Interest on purchases: 19.95%
- Balance transfer fee: 3.00% of the amount transferred, or a minimum of $5.00
- Promotional balance transfer interest rate: 1.95% for the first 6 months (19.95% after that)
- Foreign currency conversion: 2.50%
- Cash advance: $3.50 within Canada, $5.00 outside Canada
- Interest on cash advances: 19.95%
- Dishonoured payment: $25.00
- Over-limit: $25.00
- Rush card: $25.00
- Past statement reprint: $5.00 per statement (no charge for reprint of the current monthly statement)
Mobile wallets and additional card benefits
Tangerine Money-Back Credit Card accepts Apple Pay, Google Pay, and Samsung Pay as simple ways to make payments. Moreover, cardholders enjoy additional benefits like Purchase Assurance, Extended Warranty, and various Mastercard® perks.
Eligibility requirements and how to apply
In order to be eligible for the Tangerine Money-Back Credit Card, applicants must fulfill specific requirements. Interested individuals can apply online, and the process is streamlined for a quick and easy experience.
Pros and Cons
Pros
- Generous rewards: Earn unlimited Money-Back Rewards on everyday purchases.
- No annual fee: Enjoy the perks without the cost.
- Flexible categories: Choose where you want to earn the highest rewards.
- Balance transfer offer: Avail a low-interest rate on balance transfers for the first 6 months.
- Environmentally friendly: The card is made of 100% recycled plastic.
Cons
- Interest rates: While the promotional balance transfer rate is attractive, the regular interest rates are on par with industry standards.
- Foreign transaction fee: A 2.50% fee on foreign currency transactions may not be ideal for frequent international travelers.
Is the tangerine Money-Back credit card worth it?
In conclusion, the Tangerine Money-Back Credit Card presents a compelling case for those looking to earn rewards without the burden of an annual fee. The flexibility in choosing reward categories, coupled with a limited-time offer for additional cash back, makes it an attractive option.
The card’s commitment to accessibility through the Braille card identifier and its environmentally conscious design are noteworthy. However, individuals should weigh the pros and cons based on their spending habits and financial goals.
For those who prioritize earning rewards on everyday purchases and appreciate the added benefits of an eco-friendly and accessible credit card, the Tangerine Money-Back Credit Card could be a valuable addition to their wallet. Apply now and unlock the potential of earning while you spend responsibly.
