Reviewed by Jen, founder of MoneyMint · Updated October 15, 2026

Tangerine BankCash Back Card

Tangerine Money-Back Mastercard

Our take: a good no-fee pick if most of your spending falls into two or three categories you choose (2% cash back there, 0.5% on everything else), plus a welcome bonus worth up to $100.

Welcome bonus10% cash back, up to $100, in your first 2 months (apply by Nov 30, 2026)

Apply on Tangerine’s site →

Goes straight to Tangerine
Our review

The Tangerine Money-Back Mastercard is a no-fee cash back card that pays 2% in two spending categories you choose, plus 0.5% on everything else. A no-fee World Mastercard tier is also available, adding travel perks for cardholders who meet a higher income bar. It’s a flexible, low-commitment option for everyday spenders, though the 0.5% base rate lags some competitors.

3.6out of 5

MoneyMint rating

#13 of 34 no-fee rewards cards · How we rate

Rewards value

3/10

Insurance

4/10

Flexibility

10/10

Welcome bonus

1/10

Fee value

10/10

Perks

0/10

≈ $358

estimated first-year value after the annual fee, on a typical $2,050/month budget, if you pick groceries and gas as your 2% categories. See it for your spending →

At a Glance

Annual fee

$0/yrno annual fee on either card tier

Foreign transaction fee

2.5%standard network markup

Income requirement

$12,000/yrgross annual income; higher for World Mastercard tier

Rewards

2% / 0.5%2% in 2 categories you pick (3 with a Tangerine Savings Account), 0.5% on the rest

Purchase APR 20.95% · Cash advance APR 22.95%

Pros & Cons

Pros

No annual fee on either card tier
2% cash back in two categories you choose, from 13 eligible categories
Low $12,000 income requirement for the base card — accessible to most applicants
Purchase Assurance & Extended Warranty coverage up to $60,000 combined lifetime
Category selection can be changed anytime, with a 90-day hold between changes
Mobile device insurance up to $1,000 on new phones and tablets when you charge the full cost to the card, or buy on a plan and pay all the wireless bills with the card

Cons

Base rate outside your 2 chosen categories is only 0.5% — lower than many flat-rate no-fee cards
A 3rd bonus category requires redirecting rewards to a Tangerine Savings Account instead of your card
2.5% foreign transaction fee on top of currency conversion
Category changes are rate-limited to once per 90 days
Missing two consecutive payments triggers a punitive 25.95%/27.95% rate

Rewards & Earn Rates

2 chosen categories2% cash back13 eligible categories to choose from, incl. groceries, restaurants, gas, recurring bills

3rd category unlock2% cash backrequires redirecting rewards to a Tangerine Savings Account

All other purchases0.5% cash backbase rate, no cap

Rewards are deposited automatically each month your account is in good standing, with no stated cap on total cash back earned.

Note: the 3rd 2% category is not a free unlock — it requires redirecting your Money-Back Rewards to a Tangerine Savings Account rather than your credit card. Mobile Device Insurance deductible amounts and exact lounge-access visit terms for the higher-tier World Mastercard aren’t published by Tangerine, so we haven’t stated specific figures for those here.

Perks & Benefits

Everyday Perks

Up to 5 free supplementary/authorized-user cards
Shell Go+ integration — up to 8¢/litre combined value at participating Shell stations
Rental car theft/damage protection on rentals up to 31 consecutive days
No-fee upgrade path to the Money-Back World Mastercard for higher-income applicants

Coverage & Fees

Purchase Assurance (90 days) + Extended Warranty (up to 1 extra year), $60,000 combined lifetime max
2.5% foreign transaction fee (standard)
No annual fee

Worth Knowing

Minimum credit score not published
World Mastercard perks require $50K personal / $80K household income (or $250K in Tangerine accounts)
Balance transfers are treated as cash advances after the promo period

Who It’s For

Best For

Everyday spenders who want a genuinely no-fee cash back card
Applicants with modest income who don’t qualify for premium travel cards
Households willing to redirect rewards to a Tangerine Savings Account to unlock a 3rd 2% category

Not For

Big spenders who want a high flat cash back rate on all purchases
Frequent international spenders looking to avoid the 2.5% FX fee
Anyone who wants lounge access or travel perks without stepping up to the World Mastercard’s higher income bar

Not Sure? Three Cards People Compare It With

All everyday spending cards →

PC World Mastercard

Pick this instead if most of your spending is groceries (~2% est.).

Fee $0Rating 3.5 ★Bonus $50

Read review

TD Rewards Visa

Pick this instead if most of your spending is travel (~2% est.).

Fee $0Rating 3.4 ★Bonus $50

Read review

Tangerine Money-Back World Mastercard

Pick this instead if you earn $50,000+ (or $80,000 household): same 2% categories and no fee, plus World Mastercard perks.

Fee $0Rating 4.0 ★Bonus $120

Read review

Frequently Asked Questions

What is the annual fee for the Tangerine Money-Back Mastercard?

The Tangerine Money-Back Mastercard has an annual fee of $0.

What is the rewards rate on the Tangerine Money-Back Mastercard?

The Tangerine Money-Back Mastercard offers: Unlimited 2% cash back in up to 3 categories chosen by the cardholder (from 13 options: groceries, restaurants, gas, entertainment, furniture, hotels, drugstores, recurring bills, home improvement, transportation/parking, e-gaming, fitness/sports clubs, foreign currency). Important: the 3rd 2% category requires cash back to be deposited into a Tangerine Savings Account — it is not automatic with just 2 categories selected. 0.5% cash back on everything else. Categories can be changed every 90 days. Cash back is paid out automatically each month.

Does the Tangerine Money-Back Mastercard have a welcome bonus?

10% cash back for the first 2 months, up to $100. Must apply by November 30, 2026; activate account within 45 days of approval; make up to $1,000 in total net purchases within 60 days of activation. Time-limited offer — double-check expiry before you apply. Offer ends Nov 30, 2026 — double-check before you apply or after this date.

What credit score do I need to qualify for the Tangerine Money-Back Mastercard?

Generally, you’ll want a good credit score to be considered for the Tangerine Money-Back Mastercard. Approval also depends on income and overall credit history, not credit score alone.

Does the Tangerine Money-Back Mastercard charge foreign transaction fees?

2.50%