Tangerine BankTangerine Money-Back

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Cash Back Cards · Canada

Tangerine Money-Back Credit Card

4.3 / 5 editorial rating

Best for: No-fee cashback users who want to pick their own categories

Reviewed by the CreditCardCompare editorial team · Fees and rates checked September 2026 — confirm on the issuer's site before you apply

Annual feeNo annual fee

IssuerTangerine Bank

NetworkMastercard

Purchase APR20.95% on purchases (see Tan…

Foreign transaction fee2.5% on foreign currency pur…

Credit neededGood credit

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

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Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.

Our take on the Tangerine Money-Back Credit Card

The Tangerine Money-Back Credit Card is the best choice for a Canadian who wants no-fee cash back on two or three categories they pick themselves, because it pays 2% in those categories with no cap as of September 2026. You get two categories by default and a third if you have your cash back deposited into a Tangerine Savings Account.

The choice of categories is what makes it work. Put groceries, gas and recurring bills in the 2% slots and most of a household budget earns 2%. You can change your picks every 90 days, which helps if your spending shifts with the seasons, such as more driving in summer.

The weak side is the 0.5% rate on everything outside your categories, half of what many no-fee cards pay. A 2.5% foreign currency conversion fee also makes it a poor card for travel or U.S.-dollar shopping. The income requirement is only $12,000, so it works as a first rewards card for students and new earners who want something better than a basic no-fee card.

Good fit if

You spend most of your budget in two or three categories such as groceries, gas and bills
You have or will open a Tangerine Savings Account to get the third category
You want a no-fee card with a low $12,000 income requirement

Skip it if

A large share of your spending falls outside any single category and would earn 0.5%
You travel or shop in U.S. dollars often, given the 2.5% conversion fee

Worked example

Assume you choose groceries, gas and recurring bills, spending $500, $200 and $250 a month on them, plus $600 a month on everything else. The three 2% categories total $950 a month, or $11,400 a year, earning $228. Other spending of $7,200 earns $36 at 0.5%. That is $264 a year with no annual fee. With only two categories, the $250 in bills would drop to 0.5%, lowering the total to $219. Money-Back rewards are counted at a conservative face value.

How it stacks up

The TD Cash Back Visa Infinite pays 3% on groceries, gas, transit and bills for a $139 fee and needs a much higher income, so it only wins for heavier spenders. Tangerine's newer Tangerine Rewards World Elite Mastercard earns Scene+ points in categories you choose for a $120 fee, which suits people who prefer points to cash. For straightforward cash back, the Money-Back remains the simpler of Tangerine's two cards.

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.