What the Card Offers
Tangerine markets the Money-Back Credit Card as a no-fee card with unlimited 2% cash back in up to three categories you choose, 0.5% on everything else, and cash back deposited automatically every month.
- 2%
Cash back in categories you choose1
Unlimited 2% in two categories, or three if your cash back goes to a Tangerine Savings Account. Change them every 90 days.
- 0.5%
Cash back on everything else2
0.5% on all other net purchases, with no cap.
- $0
Annual fee3
No annual fee, and up to 5 authorized users at no cost.
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- Monthly
Cash back paid every month4
Deposited on about your billing date into a Tangerine Savings Account or as a credit on the card.
- $100
Welcome bonus cash back5
10% cash back on up to $1,000 of purchases in your first 60 days after activation. Apply by November 30, 2026.
- $60,000
Purchase Assurance and Extended Warranty6
90 days of theft and damage cover on new purchases, and up to 1 extra year of warranty, to a $60,000 lifetime limit.
Benefits as advertised by the issuer. The conditions attached to them are in the Fine Print Report below.
Welcome offers change often, and issuers sometimes run limited-time or targeted offers that differ from what's shown here. Confirm the current offer on the issuer's page before you apply.
Sources (6)
- Tangerine Money-Back Rewards Program Terms and Conditions, sections 6–8
- Tangerine Money-Back Rewards Program Terms and Conditions, section 6
- Tangerine Money-Back Credit Card product page (retrieved 2026-11-01)
- Tangerine Money-Back Rewards Program Terms and Conditions, section 5
- Tangerine Money-Back Credit Card product page, footnote 10 (retrieved 2026-11-01)
- Tangerine Money-Back Credit Card Certificate of Insurance (October 19, 2024)
Points & Redemption
Rates: Tangerine Money-Back Rewards Program Terms and Conditions (retrieved 2026-11-01), sections 5, 6 and 9. Cash back is credited to your account balance at face value.
Where It Earns
Among the 55 stores and brands in CardTruth's merchant lookup:
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
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- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
- 2%2% back
Where it doesn't earn more (11)Hide
Excluded by the terms: Costco, Costco Gas, Walmart earn the base rate.
Online only: Amazon.ca, Crave, Disney+, Netflix, SkipTheDishes, Spotify, Uber (rides), Uber Eats take Mastercard online but not in store.
The Fine Print Report
Low fine print. The rules are clear; the main limits are the merchant-code exclusions and the low 0.5% base rate.
2% only in 2–3 categories you chooseImpact level: Medium
2% applies only in the categories you choose, and only three with a Tangerine savings account
You earn 2% in two categories of your choice, or three if your cash back is deposited into a Tangerine Savings Account instead of credited to the card. After your first change, each later change takes effect only after a 90-day hold. Everything else earns 0.5%.
Why it matters: Pick the categories where you spend the most. To get the third category you need a Tangerine Savings Account, and you can't take the cash back to another bank.
Superstores and Costco earn 0.5%Impact level: Medium
Superstores, wholesale clubs and alcohol stores earn 0.5%, even in a 2% category
The 2% categories are defined by merchant codes. Wholesale clubs, general-merchandise stores, alcohol retailers, convenience stores, discount and specialty food retailers, and dining inside a store or hotel that isn't coded as a restaurant don't qualify. Tangerine won't recategorize a purchase.
Why it matters: Groceries bought at Costco or a store that also sells general merchandise earn 0.5%, not 2%.
Missed payments can cancel cash backImpact level: Medium
A missed payment holds that month's cash back; two in a row cancel it
If you miss one minimum payment, that billing cycle's cash back is withheld until the account is back in good standing. If you miss two consecutive minimum payments, or the account is closed or isn't in good standing, outstanding and withheld cash back is cancelled. Two missed payments in a row also raise your rates to 25.95% on purchases and 27.95% on cash advances.
Why it matters: Set up at least the minimum payment automatically. The cash back credited to the card doesn't count toward the minimum payment.
2.5% FX fee, also charged on refundsImpact level: Medium
2.5% foreign currency fee on purchases and on refunds
Foreign currency transactions are converted at Mastercard's rate plus a 2.5% conversion fee. The fee applies to both charges and credits, and the fee on the original purchase isn't reversed when it's refunded.
Why it matters: A refunded foreign purchase can cost you the fee twice. Choosing Foreign Currency Spend as a 2% category offsets most of the fee on purchases.
Bonus: 10% on first $1,000 in 60 daysImpact level: Low
The 10% welcome bonus counts only the first $1,000 in the 60 days after activation
The offer pays 10% on up to $1,000 of net purchases posted in the 60 days starting when you activate the card, so at most $100. You must activate within 45 days of approval, and it's paid 1–2 statements after the 60 days if the account is open and in good standing.
Why it matters: Activate promptly and put about $1,000 of spending on the card in its first two months.
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Only purchase and warranty insuranceImpact level: Low
No travel, rental car or mobile device insurance
The card's certificate of insurance covers only Purchase Assurance and Extended Warranty. Rental car and mobile device insurance come with the Money-Back World Mastercard, not this card.
Why it matters: If you want rental car or phone cover with no annual fee, the Money-Back World Mastercard has the same rewards but needs $50,000 in personal income.
Rewards can change without noticeImpact level: Low
Tangerine can change the rates, categories or program without notice
Outside Quebec, Tangerine can change the cash back rates, categories, deposit timing and redemption options, or cancel the program, at any time without notice unless the law requires it. Quebec residents get 30 days' notice.
Why it matters: The 2% rate and category list aren't guaranteed for the life of the card.
Who This Card Is For
Great fit if you...
- Want no annual fee
- Spend most in two or three categories
- Already bank with Tangerine
- Want cash back paid every month
Consider alternatives if you...
- Buy groceries at Costco or superstores
- Want travel or rental car insurance
- Spend a lot outside your chosen categories
- Want points for travel
Welcome Bonus History
Tangerine Money-Back Welcome Bonus History
Welcome offers change often, and issuers sometimes run limited-time or targeted offers that differ from what's shown here. Confirm the current offer on the issuer's page before you apply.
The Verdict
The Money-Back Credit Card is a simple no-fee cash back card: 2% in the categories where you spend the most, with three categories if you keep a Tangerine savings account, and cash back paid every month.
The fine print narrows it. The 2% categories exclude superstores and wholesale clubs, everything else earns 0.5%, missed payments can cancel cash back, and the only insurance is purchase protection and extended warranty.
The Recommendation: Best for people who want a no-fee card and spend most of their money in a few categories at stand-alone stores. If your income allows, the Money-Back World Mastercard earns the same rewards and adds rental car and mobile device insurance, also with no fee.
Before you apply: This teardown is general information, not financial, legal or insurance advice, and reflects the issuer's documents as of November 2026. Terms, rates, fees and offers change, and the issuer's own agreement, disclosure statement, insurance certificates and program terms are what govern your card. Read them in full and confirm details with the issuer before you apply. Full disclaimer