Unleash the power of cash back with the Tangerine Money-Back card!

Tangerine Money-Back Visa Credit Card is one of the simplest and yet, one of the most rewarding credit cards available out there. Especially useful for those who appreciate a combination of savings and perks, this card allows you to make money when doing the shopping. 

No-annual fee, combined with numerous opportunities for customization, it becomes the perfect credit card for those, who seek to get maximum of fee options without intersecting with all types of credit card complications. Check now!

Main features of the Tangerine Money-Back card 

Being an actual credit card, the Tangerine Money-Back Credit Card is unmasked by the Tangerine Bank and its specific feature can attract those users who logically combine their financial expenses and receive higher incomes. This card will be of interest especially to the young tech-savvy, wallet conscious, and the liberal Leaner who prefers mobile banking. 

This card has an unlimited 2% cash back earning rate for purchases in any two categories of consumer’s choice, which are easy to adjust. Additionally, you’ll earn 0. Balance transfers with a fee of 3% and 5% cash back on all other purchases. The monetary incentives are directly credited into your Tangerine Savings Account, further putting money back to work where you receive interest on the cash back. 

Understanding the annual fee 

However, both the Tangerine Money-Back Credit Card probably stands out from the other credit cards due to the fact that it has $0 annual fee. To make it easy for card users, this particular type of a credit card does not attract annual fees as is the case with most types of credit cards. 

Deciphering credit limits

Tangerine Bank decides your credit limit which is dependent on factors that meet your credit worthiness and required credit limit. Applying for the Tangerine Money-Back Credit Card requires the credit history too, income, employment status, and overall credit utilization ratio among other factors. This able assessment also assists Tangerine to set the right credit line since it has considered your financial ability.

Advantages of the Tangerine Money-Back card

  • No Annual Fee: Get all the card’s benefit without an annual fee.
  • Unlimited 2% Cash Back: Receive 2% cash back in two of the following merchants: Gas, Restaurants, Department Stores, Drugstores and Supermarkets, all others 0. 5% on any other forms of purchases made by the customers.
  • Customizable Categories: You can decide to change the nature of the cash back categories to one that suits your lifestyle.
  • Easy Application: Sign up through a computer and smartphone in just a few minutes, and begin to make money.

Standout advantage

I believe the best tweak is being able to choose your own categories that offer cash back for the Tangerine Money-Back Credit Card. It also means that in accordance with the cardholder’s spending habits, one can get the utmost value for the rewards this card offers. Regardless, if you make more spend on groceries, dining or entertainment, you can always maximize your categories to make every dime count. 

Addressing potential drawbacks

  • High Standard Interest Rate: I come to my 19th point. 25% on purchases, and while it may be low, interest can really add up if one is in the habit of accumulating a balance.
  • Foreign Transaction Fee: 2. 50% on all transactions made outside Canada.
  • Balance Transfer Fee: 3% of the sum transferred or $5 in any case.
  • Cash Advance Fees: $3. 50 CAD within Canada and $5. 00 outside Canada,The interest rate of the overdraft is 19%. 95%.

Standout disadvantage

The main weakness of this credit card is the Tangerine Money-Back Credit Card’s standard interest rate of 19%. 95% on purchases. Moreover, there are high cash rewards on the card; however, the fine print reveals that these can easily be canceled out if one is to maintain a balance and incur monthly interest fees. 

Eligibility criteria 

As a form of identification, the following are the requirements that you need to meet to be able to apply for the Tangerine Money-Back Credit Card. To be eligible to apply, the candidate much be a resident of Canada and above the legal age of majority in the province/territory they reside in. 

Further, the credit score should normally be good to excellent, and should commonly range from 650 and above. This is another condition that Tangerine takes into account in the course of providing credit; these include a stable income and employment. Thus fulfilling these conditions helps in the approval of the card as well as utilizing the benefits of the same.

How to apply for the Tangerine Money-Back card

It is easy to apply for this Tangerine Money-Back Credit Card as it can be done in 5 steps and take a short time. It should be noted that Tangerine has several methods of applying to choose from; online, via a mobile app or even in person at the branches. The methods guarantee that the process above is smooth whereby you get value from the card at the soonest possible time.

Via website

To apply for this card, one needs to of visit the Tangerine website and get to the credit cards tab. There, you can obtain the schedule of the Money-Back Credit Card and fill in the application for it. It whereby an online form will assist the user in filling the required personal and financial details. After submission of the application, Tangerine will consider the application and get in touch with candidate regarding their decision.

Through the mobile application

If you wish to apply through your mobile, you can download the Tangerine app via the Apple Store for iOS devices or Google play store for Android devices. The UI/administration of the application is quite straight forward, thus it is easy to use the application. 

All you have to do is, key in your details as per the instructions given on the application and the status of your application can be checked online through the developed app. This is especially suitable for people who are always busy and would rather perform all their financial transactions from their mobile device.

Through the store/branch

Tangerine mainly functions as a digital bank and while it may have branches it does not usually permit applications to be done offline. Nevertheless, the customer care service of Tangerine can be of great help to you in case you have any problems or queries regarding the application. Business processes are handled electronically, thereby making it convenient and easy to apply for a position from the comfort of your home.