Tangerine · Mastercard · cash back
Money-Back Credit Card
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Terms read from Tangerine's page on Oct 16, 2026.
Year 1, after fees
$517
Year 2+, after fees
$417
every year after
3 years, after fees
$1,351
Break-even
No fee
Earn rate by category
All values are after each card's annual or monthly fee, and foreign transaction fees when you set foreign spending. Additional-card fees and memberships some benefits need (such as Amazon Prime or Instacart+) aren't included.
Values for points and miles are estimates based on published redemption valuations; actual value depends on how you redeem.
On each spending preset
After fees; points at their cash value. "~" marks estimates.
| Spending | Year 1 | Year 2+ | 3 years | Break-even |
|---|---|---|---|---|
| Student ($985/mo) | $231 | $131 | $493 | No fee |
| Couple ($2,555/mo) | $424 | $324 | $1,073 | No fee |
| Family ($3,350/mo) | $517 | $417 | $1,351 | No fee |
| Frequent traveller ($3,880/mo) | $531 | $431 | $1,392 | No fee |
| Big spender ($7,960/mo) | $956 | $856 | $2,667 | No fee |
Who it suits
- People who spend a lot on groceries and dining, where it earns above its base rate.
Who should skip it
- Spending abroad: 2.5% on every foreign-currency purchase.
- Anyone below the published income minimum ($12,000 personal).
Fees and rates
- Annual fee
- None
- Foreign transaction fee
- 2.5%
- Purchase APR
- 20.95%
Rewards
- 2% on your two chosen categories
- 0.5% on everything else
Eligibility and availability
- Income
- $12,000 personal
- Provinces
- All (no restriction stated)
Published requirements only. We don't estimate approval odds.
Assumptions
- Cash back: Paid in cash, so the value is exact, not an estimate.
- Welcome bonus: 10% back for 2 months, up to $100. Your spending meets it in month 1.
- Note: Pick two 2% categories, or three when rewards go to a Tangerine savings account; two are counted.
- Note: Other 2% options (entertainment, furniture, home improvement, e-games, fitness, foreign currency spend) aren't modelled.
Earns more every year after year 1
On a family's spending, these keep more value from year 2 than this card's $417.
Scotiabank Gold American ExpressYear 2+ $940
American Express SimplyCash PreferredYear 2+ $936
CIBC Dividend Visa InfiniteYear 2+ $767
Head to head
Frequently asked questions
Is the Tangerine Money-Back Credit Card worth it?
On a family's spending ($3,350 a month, points at their cash value), it's worth $517 in year 1 and $417 a year after that, after no annual fee.
What is the Tangerine Money-Back Credit Card welcome offer?
10% back for 2 months, up to $100. The issuer lists it until Nov 30, 2026.
Does the Tangerine Money-Back Credit Card charge foreign transaction fees?
Yes, 2.5% of each purchase in a foreign currency.
What income do you need for the Tangerine Money-Back Credit Card?
Tangerine publishes a minimum of $12,000 personal income. Approval depends on more than income, and we don't estimate approval odds.
Sources
Rates, fees and offers are set by the issuer and may change. Check the issuer's terms before you apply. We don't estimate approval odds.
Compare it with 39 other cards on the Canadian card comparison or read how cards are valued.