Tangerine credit card is regarded as the richest no annual fee cash-back credit card on the Canadian market. It is also the most consumers friendly no annual fee card you can use as of now. This credit card offering choice, convenience and unparalleled value to cardholders
With no annual fee, 2% cash-back in up to 3 merchant categories of your choice. Meanwhile, 0.5% everywhere else in addition to no limits, caps or tiers.
The Tangerine money back credit card beats out almost every other no-fee cashback card in the country. It is offered by Canada’s most popular online-only bank, Tangerine. You are probably familiar with their other innovative savings and chequing account offerings.
Credit cards are what they are. When used strategically, you enjoy the benefit of convenience and security and can earn significant rewards.
On the flip-side, if you rack up balances that are not paid regularly, you could get stuck in a vicious debt cycle. On the rewards side of things, the Tangerine Money-Back credit card does deliver.
There is no annual fee and you earn 2% real cash-back month after month from spending in categories of your choice as mentioned earlier in the article.
Unlike many other cash back credit cards, there is no maximum limit to your cash-back earnings on Tangerine Credit Card(s). The no-fee Tangerine Money-Back Credit Card is an absolute steal for cash back rookies and connoisseurs alike.
Is the Tangerine Money-Back Credit Card Worth It?
The Tangerine Credit card may suit your needs if:
====> You do not meet the high-income requirement that most other premium cards have. To apply for a Tangerine credit card, all you need is a personal annual income of $12,000.
====> You prefer cash-back rewards as opposed to accumulating points. Cash is easier to spend on what you want and since Tangerine pays you monthly, you do not have to wait till the end of the year to use your cash back.
====> There are specific categories where you regularly make purchases, such as groceries, gas, restaurants, entertainment, and so on.
2% cash back on any three of these categories is nice. For your other general spending, you can use another card that pays more than 0.50%.
====> You dislike paying annual fees for credit cards. Think about it, who likes to pay the bank any more than they have to?
The Features & Benefits of Tangerine Money-Back Credit Card
Some features feature must attract customer to this credit card. In addition, you must as well enjoy some benefits through the use of a credit card. The following features are what make this Tangerine credit card to stand out:
Unlimited Cash-Back Paid Monthly
Unlike many other cash-back cards, Tangerine credit card puts no limit on the cash back you can earn. Each month, the money-back rewards are paid out to either your Tangerine savings account or to your credit card account. There is no need to wait till a specific threshold amount is reached.
No Annual Fee
There is no annual fee attached to Tangerine credit cards. Forget the $99 or more per year in fees charged by many credit cards that offer valuable rewards. The Tangerine money-back credit card takes them to the cleaners by offering a $0 annual fee
2% Cash-Back on Categories of Your Choice
You earn 2% cash-back on purchases you make in up to three different categories of your choice. The different categories available include Groceries, Home Improvement, Recurring Bill Payments, Transportation, Hotel-Motel, Furniture, Public Transportation, Gas, Entertainment, Drugstore, and Parking.
The number of 2% cash-back categories you can choose depends on whether you want your cash-back to go towards paying down your monthly credit card balance (2 categories), or whether you prefer it to be deposited into your Tangerine savings account (3 categories).
You can change your 2% cash-back categories to suit your spending at any time through your online account.
0.50% Cash-Back on Other Purchases
All other purchases outside of the three 2% cash-back categories will earn 0.50% cash-back with no limit on how much you can earn.
Low Balance Transfer Rate
All new Clients of Tangerine credit card will receive a balance transfer promotion of 1.95% for 6 months with a 1% fee.
You are eligible for this balance transfer offer for 30 days after you have been approved for a Tangerine Money-Back Credit Card.
Free Purchase Assurance
This insurance covers loss, theft, and damage on most new purchases for up to 90 days from the date of purchase. This feature makes Tangerine credit cards stand out among other credit cards in the market
Free Cards for other Authorized Users on your Account
In addition, you enjoy MasterCard’s zero liability and acceptance at more than 24 million locations worldwide.
This extends the manufacturers original warranty by up to one additional year. The free purchase assurance and extended warranty provide lifetime coverage up to $60,000.
Who Should Use The Tangerine Money-Back Credit Card?
As we said before in the article, it is believed the Tangerine Money-Back Credit Card is Canada’s answer to value, choice & convenience.
With no annual fee, we would really encourage people to add Tangerine credit card to their wallet. Getting to choose up to three merchant categories to receive 2% cash back gives you tons of flexibility to optimize your earnings.
People With 1% Cash Back Cards
Why have a credit card which only gets you 1%, when Tangerine’s 2% in 2-3 different categories, with no fee and 0.5% on all other categories can reward you extra cash every year.
Why leave money on the table, when it costs you absolutely nothing to get better value? If you have a 0.5% card, here is your chance to get more at no cost.
People Who Don’t Like Annual Fees
With no annual fee, and superb cash back rewards delivered automatically, there is no reason not to give Tangerine credit cards a try.
People Who Can Pair It with Another Card With Different Bonus Categories
Let’s say you have the Scotia Momentum Infinite Visa card which comes with a $120 annual fee, and gives you 4% cash back on groceries, recurring bills, and subscriptions; 2% on gas and daily transit; and 1% everywhere else. Why not pair it with the Tangerine card, and get 2% in restaurants and home improvement?
People Who Don’t Earn $60,000
Many people will look at some of the other cash back credit cards on the market, offering 2% flat or 4% bonus categories.
Unfortunately, in most cases, those cards are World Elite or Infinite cards requiring a minimum personal income of $60000 or household income of $120000.
The Tangerine Credit Card is a great alternative, only requiring $12000 in personal income, which in many cases can either do as well or better than the premium alternatives.
People Who Prefer Monthly Cash Back
Some people really don’t like having to wait for their cash back rewards once a year, especially, if it is a statement credit.
The problem with that redemption method is, it forces you to keep using the card throughout the year. If you end up not using it after month 6, what good is a statement credit in month 12? Tangerine’s method makes your convenience a priority, not the banks.
Complete Step Guide to Open A Tangerine Account
With what you have been reading about Tangerine Money-Back Credit Card, you have decided to create an account. This part of the article will guide you through the complete step guide to open a Tangerine credit card online account.
Meanwhile, before we run this process, we need to itemize the required materials. Once you have these required materials at your disposal, you are good to go.
====> Applicant need social insurance number (it is a bank account… it is must be legit)
====> Applicant must have a street address, phone number, and email address
====> Applicant must have a cheque from your current bank account
Open A Tangerine Account Process
Now, we will run through what you need to do now, it is very simple and easy to go about.
Step 1 ====> You need to visit the Tangerine official website
Step 2 ====> On the page, locate and click on the Sign-up Button
Step 3 ====> Now, you need to select your account type.
Step 4 ====> Then, fill in the application form by providing the required information in the space provided. Enter your name, Social Insurance number, date of birth in the space respectively. Not only that, enter other data in the space provided in the Tangerine credit card application form.
Step 5 ====> Follow the on screen instruction to complete the application form
That is all, you have just completed an account open process successfully.
How to Activate a Tangerine Credit Card
Without activation, Tangerine Money-Back Credit Card remains dormant or useless in your wallet. This credit card can be activated through various means. We will take this method one after the other.
Tangerine Card Online Activation Process
Online activation is easy, you need to follow the steps below:
Step 1 ====> Just log to your Tangerine online account.
Step 2 ====> Once you access the dashboard, locate My Accounts section
Step 3 ====> Now you need to click the button that says, Activate Card.
Step 4 ====> You will be prompted to enter a few details from the credit card, so make sure you have it ready.
Step 5 ====> Once you have entered the details and click Done, you are all set.
Activate Tangerine Credit Card via Phone
Since you have already set up a Tangerine account as explained above, we recommend activating your new card through the online portal that’s accessible through the account manager.
If you don’t have internet access or you would simply like to activate Tangerine Money-Back Credit Card via phone, then the option is available.
Simply dial this toll-free number and follow the simple instructions 1 866 700 4610.
How to Access My Tangerine Credit Card Account Online
This part of the article will run through the process to login to your Tangerine Money-Back Credit Card. The process is very simple and easy to go about.
Step 1 ====> You need to visit the official Tangerine Bank Online Banking website
Step 2 ====> Now enter your login details in the space provided (client Number, card Number or username) in the space provided
Step 3 ====> Finally here, locate and click on the Log Me In button to access your account
That is it, once you provide the right information, you should be able to access your online account. But, if you don’t provide the correct information, you will not be able to access your online account.
In case you forget your login details (Client Number, Card Number or Username), on the login page just click on the Forget Your Login link. Now follow the onscreen instruction to recover your details.
Tangerine Money-Back Credit Card Payment Process
The payment process is simple through Tangerine Credit Card, payment could be done through the online process or via phone calls.
The online payment process, this method is fast and safe. You need to login into your online account as explained in the article. On your dashboard, locate and click on Pay Bill and fill in your details as shown in the form. Finally, verify your information and click on the pay button
In other to make a payment through the phone, you need to dial Tangerine Bank customer line 1 888 826 4374 on your phone and follow the instruction correctly to pay your bills.
Things to Avoid while Tangerine Credit Card
In other to get the best from this credit card, you need to avoid the following:
====> Never disclose your credit card information to anyone
====> Always spend within your credit limit
====> You must avoid late payment of credit card bills
====> Always check your credit card statement to see if your payments are reflecting