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Tangerine Money-Back Mastercard
cash-back4.2 / 5

Tangerine Money-Back Mastercard

Tangerine

Best for

Spenders who want to pick their own unlimited 2% cash back categories with no annual fee.

Apply on Tangerine
Annual fee
None
FX fee
2.5%
Purchase APR
20.95%
Income req.
$12,000 personal
Recommended credit score
640+
Approval difficulty
Moderate approval

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

~$100 value

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)
Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.
Written by
The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“Tangerine Money-Back Mastercard Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/tangerine-money-back, updated June 2026.

Sources
  • Tangerine cardholder agreement and rates & fees disclosure
  • VaultNerd cards database