Upcoming Changes to Your Tangerine Money-Back Credit Card Account Effective April 29, 2017

 CurrentNew
Annual Interest Rate A Promotional Rate of 1.95% will apply to any and all Balance Transfers made within 30 days of your Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer is posted to your Account (the “Promotional Rate Period”). After the expiry of the Promotional Rate Period, or if you are late making the Minimum Payment in any 2 consecutive Statement Periods during the Promotional Rate Period, the remainder of your Balance Transfer amount will become subject to the Cash Advances rate outlined below.

Standard Rates - These rates are in effect when your Account is opened:
  • Purchases: 19.95%
  • Cash Advances: 19.95% (includes Balance Transfers after the Promotional Rate Period has ended)

If you don’t make your Minimum Payment by the payment due date as shown on your monthly statement 3 times in any rolling 12 month period, your interest rate will increase to 24.95% on Purchases, Cash Advances and Balance Transfers. This increase will take effect immediately following your third missed payment, and will be reflected on the following monthly statement. Your interest rate will go back to 19.95% when you’ve made 6 consecutive Minimum Payments by the payment due date shown on your monthly statements.

A Promotional Rate of 1.95% will apply to any and all Balance Transfers made within 30 days of your Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer is posted to your Account (the “Promotional Rate Period”). After the expiry of the Promotional Rate Period the remainder of your Balance Transfer amount will become subject to the Cash Advances rate outlined below.



Standard Rates - These rates are in effect when your Account is opened:
  • Purchases: 19.95%
  • Cash Advances: 19.95% (includes Balance Transfers after the Promotional Rate Period has ended)

If you don’t make your Minimum Payment by the payment due date as shown on 2 consecutive monthly statements, your interest rate will increase to 24.95% on Purchases, Cash Advances and Balance Transfers, including Balance Transfers with Promotional Rates in effect. This increase will take effect immediately, and will be reflected on the following monthly statement. Your interest rate will go back to 19.95% when you’ve made 12 consecutive Minimum Payments by the payment due dates shown on your monthly statements.

Balance Transfer Fee 1% or minimum of $5
(unless reduced or waived)
3% or minimum of $5
(unless reduced or waived)
Cash Advance Fee $2.50 within Canada;
$5 outside of Canada
$3.50 within Canada;
$5 outside of Canada
Foreign Conversion Fee 1.50% 2.50%
Over-Limit Fee $20 $25
Rewards 2% Money-Back Categories
You will earn 2% Money-Back Rewards on all eligible Net Purchases in two (2) qualifying 2% Money-Back Categories of your choice if your chosen Redemption Destination is the Credit Card. If your chosen Redemption Destination is a Tangerine Savings Account, you will earn 2% Money-Back Rewards on eligible Net Purchases in three (3) qualifying 2% Money-Back Categories of your choice.

1% Money-Back Categories
You will earn 1% Money-Back Rewards on all other Net Purchases not falling within your chosen 2% Money-Back Categories.
2% Money-Back Categories
You will earn 2% Money-Back Rewards on all eligible Net Purchases in two (2) qualifying 2% Money-Back Categories of your choice if your chosen Redemption Destination is the Credit Card. If your chosen Redemption Destination is a Tangerine Savings Account, you will earn 2% Money-Back Rewards on eligible Net Purchases in three (3) qualifying 2% Money-Back Categories of your choice.

0.50% Money-Back Categories
You will earn 0.50% Money-Back Rewards on all other Net Purchases not falling within your chosen 2% Money-Back Categories.