The Tangerine Credit Card Enhances Money-Back Rewards on Purchases Up to 4%

Thursday, April 25th, 2019
Updated: April 25th, 2019
The content is accurate at the time of publication and is subject to change.

On April 22 the Canadian direct bank Tangerine Bank introduced an improved sign-up bonus offer for their no-annual fee cash back credit card – the Tangerine Money-Back Credit Card. Founded by ING Group in 1997, Tangerine Bank was acquired by Scotiabank in 2012 and now besides the Mastercard cash back card offers savings and chequing accounts, mutual funds and mortgages.

What Is New?

Now instead of 2% new Tangerine Credit Card holders can earn 4% Money-Back Rewards on purchases in two Money-Back Categories. The amount of rewards earned is unlimited. What is more pleasurable, consumers are to choose these categories on their own. All other purchases will also bring Money-Back Rewards of 0.5%.

The offer is valid for 92 days since the card activation date. During this period 4% categories can be changed by the cardholder at any time. After the expiration of the introductory period two selected categories will keep on bringing 2% cash back. Money-Back Rewards don’t have to be activated since they are earned automatically.

How to Avail Oneself the Offer?

To take advantage of this intro offer, you should:

  • be a resident of Canada,
  • make sure you never had a Tangerine Money-Back Credit Card Account before,
  • apply for the Tangerine Credit Card between April 22, 2019 and July 31, 2019,
  • activate the credit card within 45 days after approval,
  • chose two 4% categories.

Get an Extra 4% Money-Back Category

Payments are entered in the account monthly and there are two options of where they will be transferred: towards the credit card balance or into the savings account. In case cardholders choose to deposit their Money-Back Rewards into a Tangerine Savings Account, they will be able to get the third category for 4% cash back.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

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