Tangerine Money-Back MasterCard Review

Deal Link: https://www.tangerine.ca/en/spending/creditcard/index.html

Finally, Tangerine released its first credit card, Money-Back MasterCard:

• No annual fee.
• Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 1% Money-Back Rewards 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 Savings Account.
• No limit on the amount of Money-Back Rewards you can earn.
• Change your 2% Money-Back Categories to suit your spending.
• Orange Alerts are emailed to you so that you’re up-to-date on what's happening in your Account.
• 1.5% Foreign Conversion Fee – one of the lowest in market
• Free Cards for Authorized Users on your Account
• Purchase Assurance and Extended Warranty

Tangerine also posted the 10 categories you can choose from for 2% cash-back:

• Groceries 
• Restaurants 
• Drug store
• Entertainment 
• Furniture 
• Gas
• Hotel/motel
• Home improvement 
• Parking/public
• Recurring bills

With no fee, this is a go-to card for students, new grads, first-time credit card applicants and those without 60K in personal income. Now, you can register for the Preview of the card (but without any welcome bonus).

If you want to get the 3rd 2% Category, you need to open a Tangerine Saving Account. Please see following link for recent Tangerine promotions for opening account:
http://www.canadianrewards.net/2015/09/current-tangerine-bank-promotions.html