Tangerine Money-Back Credit Card

The free card to start with if you want to point 2% at the categories you actually use, since you choose up to three bonus buckets and cashback pays monthly. The trade-off is the 0.5% base rate on everything outside those picks, which is weak, so it's a poor single-card solution for varied spenders. There's no travel insurance and a 2.5% FX fee, so pair it with the Bankwest Zero or a no-FX card for trips; confirm the chosen-category options on Tangerine's site.

Tangerine Money-Back Credit Card at a glance

Rewards & perks

• Get 2% back in up to three categories of your choosing
• All remaining purchases earn 0.5% back
• No annual fee to pay
• Cashback is paid every month rather than once a year

Pros

• No annual fee, with bonus categories you select yourself
• Cashback lands monthly
• A solid entry-level cashback option

Cons

• Spending outside your chosen categories earns a low base rate
• Charges 2.5% on foreign currency purchases
• Does not include travel insurance

Who should apply

• Live in Canada and meet your province's age of majority
• Hold a good credit record
• No minimum income is specified
• Clear Tangerine's application review

Before you apply: card terms change often. Confirm the current annual fee, APR, welcome offer and rewards on the official Tangerine Bank site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.