Introducing, the Tangerine Secured Credit Card: Everything You Need to Know

Posted on May 31, 2019

Tangerine Money Back Credit Card


Hands up if, as a Canadian, it feels like you've got limited options when it comes to credit card choices.

If your hand is up, you're not alone. Many Canadians feel they've got the short end of the stick, compared to Americans.

The good news is that things are changing. The Tangerine Money-Back Credit Card is a new no-fee credit card with many exciting features.

If you're considering opening up a credit account with Tangerine, learn everything you ought to know about the Tangerine secured credit card, here!

What Is the Tangerine Secured Credit Card?

Everyone will agree that most credit cards make it super easy to spend money. But what makes the Tangerine Credit Card unique is that it makes saving money super easy instead.

It gives you the potential to make significant savings on a variety of your everyday purchases. You actually get money back!

It's not called a Rewards Card with a twist for nothing. While other rewards credit cards are popular these days, this one is different. Most of these cash back categories offer 1% cash back. The categories rotate according to the specific quarter.

By opening a Tangerine Credit Card, you will earn one of the most attractive interest rates available in Canada.

The Tangerine Card has a different approach. Although it still offers the 1% cash back and 2% on specific categories, the twist is that you're able to pick what those cash back categories are. The cool news is that the Tangerine credit card allows you to pick two categories in which to earn a higher percentage.

By opening a savings account at Tangerine, you will earn one of the most attractive interest rates available in Canada.

Direct Deposits

And that's not all. You have the choice whether to get your cash back every month or in the form of a statement credit. Alternatively, you can have it deposited directly into your Tangerine savings account.

This is great news for you because it skips the annoying process of deciding what to do with that cash. If it's directly deposited for you, there's less chance of you blowing it on something that you'll regret.

If you opt to have the cash back put straight into your saving account, you essentially double your winnings. This is because you'll now earn interest on your rewards while they sit in your savings account.

These days, it's important to know everything about the company you're about to entrust with your money management. In order to find out everything you need to know about this game-changing credit card, please keep reading.

We've laid down the facts for you so that you can make an informed decision about the savviest way to manage your money with the Tangerine Credit Card.

Tailor Your Tangerine

The real difference offered by Tangerine is the ability to truly tailor your credit card and it's benefits to your unique needs. Unlike other credit cards that force you into corners, Tangerine keeps the door wide open for you to make your own decisions.

It's your money, after all. So you should be the one calling the shots when it matters.

As we've mentioned, Tangerine really sweetens the deal by allowing you to choose a third category in which to earn 2% cash back. All you need to do is opt to pop your rewards into a savings account.

The beauty is that you can also choose from from the following credit card categories:

  • Gas
  • Grocery
  • Restaurant
  • Hotel
  • Entertainment
  • Drug Store
  • Home Improvement
  • Furniture
  • Recurring Bills
  • Public Transport and Parking

Analysis Assistance

It's clear that Tangerine encourages you to make your own decisions about your money and rewards. At the same time, it also works as a support network to help you analyze where best to put your money.

At the outset, you can select your own credit card categories. The amazing news is that you can switch them up at a later stage. The reality is that money matters can be complicated and confusing at times.

For this reason, it's helpful to have trusted input that you know has your best interests at heart. This kind of reliable support can make all the difference when it comes to analyzing your money management and financial decisions.

Tangerine can assist you in making these decisions by suggesting what changes could maximize your cash back.

Tangerine Credit Card Requirements

Tangerine's highly flexible program allows cardholders an accessible income threshold and a variety of options to increase their earnings and change their Tangerine credit card limit.

This combined with the fact that the sign-up process is alarmingly straightforward and fast means that you have very few reasons not to switch to Tangerine. On top of this, the card costs its cardholders absolutely nothing to use.

There's very little required from you in order to apply for credit tangerine. All you need when you sign up for a card if the following:

  • Your personal information. This includes your full name, phone number and Social Insurance Number.
  • Your employment information, including your current employment status and your employer's info.
  • Your Canadian mailing address and email address for communication purposes.
  • Then you're ready to create a personalized, 6-digit login PIN to use for secure banking.
  • If someone referred you using their Orange Key, or you have an Orange Key for a special offer, you'll need to have it handy.

Boundless Benefits

Earning cash back in various Tangerine categories has never been easier.

In addition to making it incredibly easy to adjust your Tangerine daily limit online, the Tangerine credit card offers a number of other attractive key features. Here are some of the benefits you can expect from the Tangerine credit card:

  • No annual fee
  • Unlimited cash back rewards
  • 1.5% foreign conversion fee (many other Canadian credit cards charge 2.5%)
  • 19.95% interest
  • Automatic payment feature allows you to choose to pay your entire balance each month automatically or allows you to decide to just pay the minimum each month automatically
  • Purchase Assurance
  • Extended Warranty
  • Customizable alerts

Along with all of this, there's also a special signing bonus. In your chosen two credit card categories, you can earn a whopping 4% cash back during the first 90 days.

If you choose to have your rewards deposited into your savings account, the 4% cash back bonus will apply to a third category of your choice.

It's Simply Good

One of the best aspects of the Tangerine Credit Card program is its simplicity. It's effective because it's very straightforward.

In contrast to other travel-based of hotel-based rewards cards, there aren't a list of confusing clauses and special precautions. These other rewards programs usually only allow you to earn rewards from very specific brands or types of purchases.

Unlike these programs that delegate a bunch of requirements. Instead, applicants choose what serves them best, and the redemption is monthly, automatic, and without caps. Including:

  • 2% cash back on two Tangerine spending categories
  • 2% cash back on an additional spending category when you automatically have a credit applied to your Tangerine savings account
  • 0.5% cash back on everything else
  • Automatic, monthly reimbursement to your credit card balance or savings account

Keep in mind that with some strategy and planning, you can extend the Tangerine 2% cash-back categories into other exciting territories. For example, if you choose the grocery category, you'll also get 2% back on purchases at IKEA, The Gap, iTunes to name a few.

You can buy gift cards for later use at any of these retailers, it all qualifies.

The Next Steps

If it sounds too good to be true, don't worry. Multiple reviews state the same thing, that the Tangerine Credit Card is a legitimate way to earn the best bang for your buck.

It's even more clear after reading this that The Tangerine Money-Back credit card earns you money on all spends with no caps, costs you nothing, and actually automatically reimburses you.

It's very obvious that this card is a winner. You'll earn serious bucks with this plastic!

So, what are the next steps?

Tangerine Credit Card Promo Banner


There’s no longer a need to stick with cards that have lower cash back potential. The Tangerine credit card is fresh and new. It's a great card for anyone, no matter who you are or what you earn.

For more information about the Tangerine secured credit card and other financial offers, please contact us. We're more than happy to support and guide you through the process of learning to manage your money better.

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