We have confirmation that Tangerine’s biggest cash back bonuses ever – percentage wise that is will be ending as planned on January 31, 2022. No more extensions as we have seen over the past few months. Both the Tangerine Money-Back Credit Card and the Tangerine World Mastercard will award a 15% cash back welcome earn rate in the first two months for any new approved applications made by January 31, 2022.
The 15% is capped on $1,000 of
purchases for a total cash back reward of $150. After that 15% cap is
hit or after 2 months the regular earn rate of up to 2% cash back kicks
Therein lies the key to the details of the offer. That’s why we say it is the biggest cash back bonus percent wise,
we have never seen 15% before however since it is capped at $1,000 of
spending it doesn’t match the likes of the 10% back offers that are
typically awarded on $2,000 in spending ($200 cash back) or in the case
of the SimplyCash™ Preferred Card from American Express which
awards 10% back on the first $4,000 of spending for $400 cash back.
However in the market of no annual fee cards these Tangerine offers are
definitely some of the best out there.
The Tangerine cards offer
2% back on categories that you get to choose yourself so you can
maximize your earning on where you spend most. Both cards allow you to
choose from two categories to earn that 2% cash back and you can add a
third 2% category if you have your cash back rewards deposited into a Tangerine Savings Account.
These are the categories of spending that you can choose from to earn your 2% cash back:
great thing about both of these cards is that they have no annual fees
so you have no dilution of that welcome bonus! The World version
provides extra benefits and insurance coverage but does have higher
income requirements to be able to apply for it.
Here are the details of each of the cards:
for a Tangerine World Mastercard® by January 31, 2022 and earn an extra
15r% back* (up to $150) when you spend up to $1,000 in everyday purchases
within your first 2 months.
• Personalized categories and unlimited money-back rewards monthly
Automatic earning: Money-Back Rewards are earned automatically on
everyday purchases and paid monthly. These can be applied to your Credit
Card balance or redeemed into your Savings Account.
• No annual fee
• Earn 2% cashback on your choice of up to 3 categories, 0.5% money back on all other purchases
• Change your 2% Money-back categories to suit your spending from your choice of 10 categories
• 1.95% on Balance Transfers for six months
Rental Car Collision/Loss Damage Insurance**: Damage and theft
protection for your car rental when you rent for up to 31 consecutive
days and charge the full cost of your rental to your Card.
Device Insurance**: Protection on new cell phones, smartphones or
tablets when you charge the full cost to your Card, or when you purchase
it through a plan and charge all of your wireless bill payments to your
Card. Covers up to $1,000 if your mobile device is lost, stolen,
accidentally damaged or experiences mechanical failure.
Mastercard® Airport Experiences Provided by LoungeKey***: Make the most
of your travel with Mastercard® Airport Experiences Provided by
LoungeKey. Your complimentary membership gives you exclusive dining,
retail and spa offers in over 400 airports worldwide, along with access
to over 1000 lounges at $32 USD per visit. Learn more at airport.mastercard.com.
for a Tangerine Money-Back Credit Card by January 31, 2022 and earn an
extra 15% back (up to $150) when you spend up to $1,000 in everyday
purchases within your first 2 months.*
• Earn 2% cashback on your choice of up to 2 categories, 0.5% money back on all other purchases
• Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
Money-Back Rewards are earned automatically and paid monthly, and can
either be applied towards your Credit Card balance or redeemed into your
Images via Tangerine