Tangerine Money-Back Card: No Fee, Flexible Rewards

30-Second Take

The Tangerine Money-Back Credit Card offers a no-annual-fee option with up to 2% cash back in categories you pick—ideal for those who want flexibility in their rewards. However, the 0.5% cash back on other purchases is underwhelming. A limited-time offer of 10% cash back for two months adds a nice bonus, but it's capped at C$100.

Rates shown are representative. Your actual rate depends on your credit profile. This is not financial advice.

Fees & Rates

According to Tangerine's official page, the card has no annual fee. You can earn unlimited 2% cash back in up to three categories of your choice with a Tangerine savings account. Otherwise, it's 0.5% on everything else. The current sign-up bonus offers 10% cash back for two months, capped at C$100.

Where It Wins

The flexibility of choosing your own cash back categories is a standout feature, especially with no annual fee. This makes it a solid pick for those who can maximize the 2% cash back categories, like groceries or gas, depending on their spending habits.

The Downside

The catch is the 0.5% cash back rate for all other purchases, which is less competitive compared to other cards in the market. If your spending doesn't align well with the higher reward categories, you might find the overall returns lacking.

This Card Is For You If...

This card suits someone with a steady monthly spend in specific categories like groceries or gas, who values the flexibility of choosing where they earn more cash back. It's ideal for those who prefer no annual fee and can benefit from the limited-time sign-up bonus.

The Decision

If you're after a no-fee card with customizable rewards, the Tangerine Money-Back card is worth considering. However, if you want higher returns on all purchases, look elsewhere. Compare it to cards like the CIBC Aventura Visa Infinite for a different reward structure.