Tangerine Money-Back Mastercard
Spenders who want to pick their own unlimited 2% cash back categories with no annual fee.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A long-running favourite no-fee cash back card: uncapped, user-selected 2% categories and monthly payouts beat most rivals, provided your spending is concentrated.
Reward rates
2% category of your choice Choose 2 categories (3 if rewards deposit to a Tangerine Savings Account) from: grocery, restaurants, gas, entertainment, furniture, hotel-motel, drugstore, recurring bills, home improvement, transit & parking, e-games, fitness, foreign currency spend. Unlimited earning | 2% |
2% category of your choice | 2% |
2% category of your choice Third category unlocked with Tangerine Savings Account deposit | 2% |
Everything else | 0.5% |
Welcome bonus
Extra 10% cash back (up to $100) on up to $1,000 in purchases in the first 2 months
Requirement: Apply by September 30, 2026, activate within 45 days, and make up to $1,000 in net purchases within 60 days of activation
Pros
- Customizable, uncapped 2% categories are unique among no-fee cards
- Monthly cash back payout with very low income requirement
Cons
- Only 0.5% outside chosen categories
- No travel insurance or mobile device coverage on the base card
Perks
- Unlimited 2% cash back in up to 3 categories you choose - no caps
- Change your 2% categories every 90 days
- Cash back paid automatically every month
- 1.95% promo balance transfer rate for 6 months (1% fee)
- Up to 5 free authorized users
- Up to 8 cents/L in fuel value at Shell
Insurance
- Purchase assurance (90 days) and extended warranty (up to $60,000 lifetime)
Frequently asked questions
Is the Tangerine Money-Back Mastercard worth it?
It has no annual fee, and we rate it 4.2 out of 5. It's best suited to spenders who want to pick their own unlimited 2% cash back categories with no annual fee. The welcome bonus is worth roughly $100, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the Tangerine Money-Back Mastercard earn?
It earns 2% on 2% category of your choice, 2% on 2% category of your choice and 2% on 2% category of your choice.
What credit score do you need for the Tangerine Money-Back Mastercard?
We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. It also lists an income requirement of $12,000 personal. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“Tangerine Money-Back Mastercard Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/tangerine-money-back, updated June 2026.
- Tangerine cardholder agreement and rates & fees disclosure
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