In moment’s fiscal geography, having a protean and cost-effective credit card is essential. The Tangerine Money- Back Credit Card stands out with its emotional prices program, no periodic figure, and environmentally friendly design. Whether you are looking to maximize cash back on everyday purchases or enjoy added conveniences like balance transfers and extended guaranties, this card has you covered.

With the Tangerine Money- Back Credit Card, you can earn unlimited cash back on your purchases, enjoy peace of mind with purchase assurance, and manage your account painlessly through the mobile app. Let’s claw into the crucial features, benefits, and details of this card to see why it could be the perfect addition to your portmanteau.

Key information about the Tangerine Money-Back Credit Card

How does the annual fee work?

The Tangerine Money-Back Credit Card comes with a remarkable feature: it has no annual fee. This is a significant advantage, especially for those looking to avoid the extra costs associated with maintaining a credit card. Not having to worry about an annual fee means you can enjoy the full benefits of the card without any additional financial burden, making it a highly attractive option for budget-conscious consumers.

How is the credit limit determined?

The credit limit for the Tangerine Money-Back Credit Card is determined based on several factors, including your credit score, income, and overall creditworthiness. During the application process, Tangerine will evaluate your financial situation to set a limit that aligns with your ability to manage credit. This ensures that you have a manageable limit that fits your spending habits and repayment capacity.

Advantages of the Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card offers a variety of benefits that make it a compelling choice:

• No Annual Fee: Enjoy the benefits of a rewards credit card without the burden of an annual fee.
• Unlimited Money-Back Rewards: Earn 2% cash back in up to three categories of your choice and 0.5% on all other purchases.
• Flexible Reward Redemption: Get your cash back deposited directly into your Tangerine Savings Account.
• Environmentally Friendly: The card is made of 100% recycled plastic, reducing its environmental impact.
• Purchase Assurance and Extended Warranty: Provides additional security on your purchases.
• Easy Account Management: Utilize the mobile app for seamless account management and spending tracking.

Standout advantage: money-back rewards

One of the standout features of the Tangerine Money-Back Credit Card is its Money-Back Rewards program. Cardholders can earn 2% cash back in up to three categories of their choice, such as groceries, restaurants, and gas, while earning 0.5% on all other purchases.

This flexibility allows you to tailor your rewards to match your spending habits. Additionally, opting to have your rewards deposited into a Tangerine Savings Account adds an extra 2% category, maximizing your cash back potential.

Disadvantages

While the Tangerine Money-Back Credit Card offers numerous benefits, there are some drawbacks to consider:

• High Interest Rates: The card comes with a 19.95% interest rate on purchases and cash advances.
• Balance Transfer Fees: A balance transfer fee of 1% applies, which can add up if you’re transferring a large balance.
• Limited International Use: A 2.5% foreign currency conversion fee can make it less attractive for frequent travelers.

Standout disadvantage: high interest rates

The primary drawback of the Tangerine Money-Back Credit Card is its high-interest rate of 19.95% on purchases. This rate can lead to significant interest charges if you carry a balance from month to month. It’s essential for cardholders to pay off their balance in full each month to avoid these high costs, which can quickly negate the benefits of the cash back rewards.

Who can apply for this card?

To apply for the Tangerine Money-Back Credit Card, applicants must meet the following requirements:

• Age: Applicants must be at least 18 years old. This ensures that the applicant is legally able to enter into a credit agreement.
• Residency: Applicants must be Canadian residents. This means you need to have a permanent address in Canada and be subject to Canadian laws and regulations regarding credit.
• Income: While there is no specified minimum income requirement, applicants must provide proof of sufficient income to cover credit obligations. This demonstrates financial stability and the ability to manage credit responsibly.
• Credit Standing: Applicants should have a good credit score. The Tangerine Money-Back Credit Card is designed for individuals with a positive credit history, indicating responsible management of past and current credit accounts.
• Proof of Income: During the application process, you may be required to provide proof of income. This could include pay stubs, tax returns, or other financial documents that verify your income and financial stability.

Meeting these requirements increases your chances of being approved for the Tangerine Money-Back Credit Card, ensuring that you have the financial responsibility and stability needed to manage a credit account effectively.

How to apply for the Tangerine Money-Back Credit Card

Applying for the Tangerine Money-Back Credit Card is a straightforward process that can be completed online, via the mobile app, or in-person at a Tangerine location.

Via the website

Visit the Tangerine website:

Start by visiting the official Tangerine website. Once on the homepage, navigate to the section dedicated to credit cards. You can usually find this in the main menu or under a specific tab labeled “Credit Cards.”

Select the Money-Back credit card:

Within the credit card section, look for the Tangerine Money-Back Credit Card option. Click on this option to be directed to the page that provides detailed information about the card, its benefits, and the application process.

Complete the application form:

On the Money-Back Credit Card page, you will find an application form. Fill out this form with the required personal and financial information. This typically includes your name, contact details, date of birth, employment information, and details about your income and expenses. Ensure that all the information provided is accurate and complete.

Submit your application:

After completing the application form, take a moment to review all the details you’ve entered. Double-check for any errors or omissions to ensure accuracy. Once you are confident that all the information is correct, submit your application. Tangerine will then process your application, and you will receive a response regarding the status of your application in due course.

Via the mobile app

Download the app:

Begin by downloading the Tangerine Mobile Banking app. Open the Google Play Store if you have an Android device, or the Apple App Store if you have an iOS device. Search for “Tangerine Mobile Banking” and download the app to your smartphone or tablet.

Log in or create an account:

After the app has been installed, open it. If you are already a Tangerine client, log in using your existing credentials. If you are new to Tangerine, you will need to create a new account by following the registration process, which will involve providing personal details and setting up login credentials.

Navigate to credit cards:

Once logged in, navigate to the section dedicated to credit cards. This can typically be found in the main menu or on the app’s dashboard. Look for the Tangerine Money-Back Credit Card option and select it to proceed to the application page.

Fill out the application:

On the Money-Back Credit Card page within the app, you will find the application form. Enter all the required personal and financial information as prompted by the app. This includes details such as your name, address, date of birth, employment information, and income.

Submit your application:

After you have filled out the application form, review all the details to ensure accuracy and completeness. Once you are satisfied that all the information is correct, submit your application through the app. Tangerine will process your application, and you should receive a response regarding the status of your application shortly thereafter.

In-person at a Tangerine location

Find a Tangerine location:

To find a nearby Tangerine branch, visit the Tangerine website and use the ABM Locator tool. This tool will help you identify the closest branch or ABM (Automated Banking Machine) to your location.

Visit the branch:

Once you have located a convenient branch, gather the necessary documents, such as your identification and proof of income, and visit the branch during its operating hours. Make sure to carry all the required documentation to avoid any delays in the application process.

Speak to a representative:

Upon arrival at the Tangerine branch, speak to a representative and inform them that you are interested in applying for the Tangerine Money-Back Credit Card. The representative will guide you through the application process and answer any questions you might have.

Complete the application:

The representative will provide you with an application form. Fill out this form with your personal and financial information, ensuring that all details are accurate and complete. Once you have filled out the form, submit it to the representative, who will process your application. You will be informed about the status of your application once it has been reviewed and processed.

You will be redirected to another website.