Tangerine® Money Back Mastercard®

Life is back in season. Enjoy it with an extra 15% back!

Updated: Aug 28, 2022

Advertiser Disclosure

Issued by The Bank of Nova Scotia, the Tangerine Money-Back credit card puts you in charge of your savings. It features exceptional cash-back rewards in up to three categories of your choosing, and you can change your mind and switch them up every 90 days. Have the rewards deposited directly to your savings account, start earning competitive interest on them, or use them to pay off your balance - the choice is up to you. This is the original Tangerine card with a lot to offer to a responsible user. The upgraded version of this card, that comes with a higher requirement, is Tangerine World Mastercard.







69 User Ratings

Tangerine® Money Back Mastercard®

at Tangerine Secured website

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Introductory APR


Intro APR Period

6 months on BT

Recommended Credit


Key Features

  • SPECIAL OFFER: Earn an extra 11% back* for a limited time with a Tangerine Money-Back Credit Card.
  • 1.95% Balance Transfer promo for 6 months (with a 1% fee)
  • Earn 2% Money-Back Rewards on your everyday purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all your other everyday purchases.
  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
  • No limit on the amount of Money-Back Rewards you can earn.
  • Change your 2% Money-Back Categories to suit your spending.
  • Orange Alerts are emailed to you so that you're up-to-date on what's happening in your Account.

Our Take

Tangerine Money-Back is a cash-back credit card with competitive 2% rewards in 3 categories of your choice. It can be one of the best additions to your wallet if you use it responsibly and avoid carrying a balance. You can significantly boost your savings when you use this card for everyday purchases and pair it with a Tangerine savings account. The Money-Back card comes with valuable perks, but also has some fees. It’s crucial to weigh its pros and cons and consider carefully whether the card’s a suitable choice for your financial situation.

Tangerine Money Back Card – Earn an extra 10% back* for a limited time with a Tangerine Money-Back Credit Card.

Who Is This Card for?

As a general rule of thumb, it’s preferred that the applicants have a credit score of at least 650 since the card’s primarily designed for those with a good or excellent rating. However, you could still get approval if you meet other essential criteria, such as the minimum income requirement of $12,000.

The card is a fine choice for any responsible user who wants to increase their savings and start making money off of their everyday purchases. You’ll be receiving cash-back on virtually any purchase, including groceries, gas, hotel-motel, and even public transport and parking and home improvement. So, if you don’t like annual fees and prefer to see your cash-back rewards every month, this card is for you.

Tangerine Money-Back Credit Card Benefits

Excellent cash-back in 3 categories

The most significant benefit is the card’s flexibility. You can choose where you want to earn the biggest cash-back rewards – you’ll earn 2% on every purchase in your selected two categories, and in the additional third category if you choose to have the rewards deposited to your Tangerine savings account. All the remaining categories will earn 0.5% cash-back.

Suggestions by habits

You will get category suggestions based on your spending habits, and you can switch your rewards up every 90 days if you’re not happy with the category you’ve chosen.

No annual fee

The card has no annual fee and that’s already a lot of savings.

Up to five authorized users

Cardholders can add up to 5 authorized users free of charge to speed up rewards.

Introductory balance transfers

New cardholders will receive Intro rates on balance transfer for 6 months.

Low application requirements

Tangerine Money Back credit card has low requirements and is easy to apply for and get approved for.

Are There Any Disadvantages?

High interest

The most significant disadvantage is the high-interest fees that you’ll be paying if you carry a balance. New cardholders do have promotional balance transfer fees that are highly competitive, but you’ll still have to pay interest on new purchases, cash advances, and more. Although there are no annual fees, the remaining fees could significantly affect your financial stability.

No bonus rewards

The card offers attractive everyday purchase rewards but it has no bonus rewards for new cardholders.

High foreign transaction fees

High international transaction fees prevent cardholders from using the card abroad or making purchases in different currencies while shopping online. No one likes extra fees. If you travel a lot outside Canada or plan to use a card for online purchases from stores that are not located in Canada – look for a no international transaction fee card.

Low cash-back on regular purchases

While you can have up to 2% rewards on selected categories, the other regular purchases give only 0.5% cash back which is way below average.

Should You Use This Card?

The Tangerine Money-Back card is a valuable addition to almost any wallet. As long as you’re a responsible user who pays their debts on time and as long as you don’t carry a balance, you can greatly benefit from this card. If you meet the eligibility criteria, find the card’s perks appealing, and its fees affordable, you should use it. If you want to have an upgraded version consider applying for Tangerine World Mastercard.

Frequently Asked Questions

Apply Now
Basic Information
Issuer: Tangerine
Network: Mastercard
Category: Consumer (Regular)
Best Used For:
  • Instant Decision
  • Every Day Purchases
  • EMV Chip
Rewards: Yes
Reward Types:
  • CashBack Rewards
  • Universal Rewards
  • Other Rewards
  • Merchandise Rewards
Reward Units: Cash
Rates & Fees
Introductory APR (%): 1.95%
Applied Towards:
  • Balance Transfer
Intro Period: 6 months on BT
Regular APR: 19.95%
Regular APR Type:
Annual Fee: $0
Balance Transfer: Yes
APR on Cash Advances: 19.95%
Grace Period: See Terms
Late Payment Fee: See Terms
Other Fees:
  • Dishonored Payment: $25.00
  • Rush Card Delivery: $25.00
  • Past Statement Reprint: $5.00 (each)
  • Foreign Currency Conversion: 2.50% is added to the converted transaction amount

Tangerine® Money Back Mastercard® Alternatives

Tangerine® Money Back Mastercard®

Tangerine® Money Back Mastercard®


Annual Fee


Regular APR


Intro APR


Rec. Credit Score


Additional Information & Comments

*This is a New Client Transfer Promotion of 1.95% for 6 months with a 1% fee. Clients will be eligible for this Balance Transfer promotion for 30 days after being approved for a Tangerine Credit Card.

*The information provided for Tangerine® Money Back Mastercard® is believed to be accurate at the time of evaluation or recent update on August 28, 2022. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Tangerine® Money Back Mastercard®

Reviews - (1 User Reviews)
Share your experience and rate the Tangerine® Money Back Mastercard®
February 7, 2021
Darnell Stephanson (18-25) - Cardholder
Income on Application
Credit Score
Good (670-739)
Credit Limit
Filed for Bankruptcy

How can one card be so undemanding?

It took me some time to get this card but once i did i was really surprised that a card can be so undemanding and easy to use. It has everything i have ever wanted from a credit card. A good credit limit, requirements that aren’t rhoguh the roof, and a decent credit line. I would give this card a solid five if it werent for the fees. I can afford them, but i really didn’t expect that the purchase interest rates were as high as they are. Aside form the fees, if you can afford this card, it will be a dream come true.
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Tangerine® Money Back Mastercard®

Tangerine® Money Back Mastercard®

Rec. Credit Score: Good

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