Tangerine credit cards
How do the categories work?
These are the only credit cards in Canada, available to consumers to allow this: you can choose to receive a cashback of 2% in two types of businesses of your choice.
So it’s not limited, like most other cash back credit cards to gas stations, grocery stores or pharmacies. You could, therefore, ask to get a 2% cashback on your day to day purchases where you shop the most!
Here are the categories:
- Grocery stores
- Hotels and motels
- Gas station
- Recurring bills payments
- Drug Stores
- Home Improvement
- Public transportation and parking
By holding one of these cards, you automatically have the right to choose two categories.
If you are a Tangerine Bank customer, and you choose to deposit your cashback into your Tangerine savings account, you can choose a 3rd category! If you’re not a customer, don’t hesitate to become a customer, it’s free as we explain here!
In other categories, you’ll get 0.5% cashback.
Cash back credit
The cashback is deposited monthly on your credit card balance.
There is no annual limit to earn a 2% cashback!
No annual dues
You can add all the extra cards you want at no cost! Practical for a family for example!
Another highlight of the Tangerine Money-Back Credit Card is in terms of purchase insurance.
- Purchase Assurance (up to 90 days)
- One-year extended warranty
Usually, only credit cards with an annual fee offer that type of insurance!
And this applies to your purchases made all over the world with your card!
As for the World Mastercard Tangerine it adds other insurance:
- Collision/rental car damage insurance
- Insurance for mobile devices
For more information on this card, check out this article.
If you have essential purchases to make (such as appliances, renovations), it would be wise to apply for one of these cards and choose the categories of purchases that suit you! Especially since these cards have no annual fee, they are perfect purchases requiring an extended warranty!