Offers
Welcome Bonus
Eligible new applicants for the Tangerine Money-Back Mastercard can receive a welcome bonus of up to $100 cash:
- Earn 10% back on up to $1,000 in everyday purchases made within your first 2 months ($100 value)
FlyerFunds Rebate
Plus, if you apply for the Tangerine Money-Back Mastercard through Frugal Flyer and are approved, you can receive an additional $200 paid directly to you.
Earning Cash Back
The Tangerine Money-Back Mastercard earns cash back for all purchases made on the card:
- 2% cash back on all purchases in up to two categories of your choice (or three categories when you have your cash back rewards deposited to a Tangerine Savings account).
- 0.5% cash back on all other purchases.
Cardholders are able to select the categories in which they will receive the elevated 2% cash back. These categories include grocery, furniture, restaurants, hotel/motel, gas, recurring bill payments, drug store, home improvement, entertainment, public transport/parking, e-games, fitness and sports clubs, and foreign currency spend.
Cardholders are able to adjust their elevated 2% cash back categories whenever desired, however, it will take one billing cycle for the change to take effect.
Redeeming Cash Back
Money-back rewards that are earned on the Tangerine Money-Back Mastercard are paid monthly.
The cash back will be issued either as a statement credit on the credit card account or as a deposit to a Tangerine savings account, depending on the cardholder’s preference.
Fees & Eligibility
| Personal Income | $12,000 |
| Household Income | $12,000 |
| Annual Fee | $0 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 20.95% |
| Cash Advance Rate | 22.95% |
| Balance Transfer Rate | 22.95% |
Insurance Coverage
The Tangerine Money-Back Mastercard offers two types of insurance coverage:
- Purchase assurance: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year
Refer to the Tangerine Money-Back Credit Card insurance certificate for additional details, including terms and conditions for eligibility.
Other Cash Back Cards
| Credit Card | ||
|---|---|---|
 |
$480 cash back and $125 FlyerFunds Estimated value: $605 Ends Oct 31, 2026 |
|
 |
$350 cash back Estimated value: $350 |
|
 |
$120 cash back and $200 FlyerFunds Estimated value: $320 Ends Apr 30, 2026 |
|
 |
$200 cash back and $100 FlyerFunds Estimated value: $300 Ends Apr 30, 2026 |
|
 |
$250 cash back Estimated value: $250 |
|
What does eligible new applicants mean? One who never had this card ever or in last X years?
Hi Anshu – that means eligible based on Tangerine’s terms and conditions and whatever other criteria they may decide to use. For what its worth, the terms mention “new Tangerine Money-Back World Mastercard Account holders”.