Once you receive your card and activate it, you can then choose 2 out of any 10 of these categories. Furthermore, by signing up for a Tangerine Savings Account and automatically having your cashback rewards deposited into this account, you have the option of a 3rd merchant category.

Tangerine operates as a branchless bank, and by eliminating the traditional “brick and mortar” infrastructure, they allow substantial savings to be passed on to their clients. If you are interested in learning more about the company‘s historical financials and initial launch then check out this article.

There is an app of course, which you can download that allows you to navigate and choose any 3 of these categories based on your spending habits. Or if you prefer you can navigate through these options by phone using automated voice prompts or with assistance from a live operator.

Within each of the 3 categories – or 2, if you do not have the Tangerine Savings Account- you earn 2% cashback on all purchases from merchants that qualify, with no limit to how much cashback you can earn, as there are no spending caps.

Yes you heard us right, no spending caps!

You can swap any of your categories, at any time you like and by using the app it makes it extremely convenient and very user-friendly.  Once you swap out a merchant category for another, the change will be effective at the beginning of your next billing cycle so keep this in mind when strategizing your plan of attack.

For all other purchases that are not within the categories, you’ll receive 1/2 of a percent. This is exactly why pairing the Tangerine Money-Back Mastercard with at least one other credit card is the strategic choice to maximize your potential earnings.

For example, the Scotiabank Momentum Infinite Visa offers 10% cashback on all purchases within the first 3 months and 4% cashback on groceries and recurring bills thereafter or the Rogers Platinum MasterCard which earns 3% cashback on eligible purchases in U.S. currency.

There’s also the Simpli Financial Cashback Visa which offers 4% cashback on purchases from restaurants, coffee shops and bars up to 5000 annually and 1.5% cashback on gas, groceries, drugstore purchases and pre-authorize payments with a  $15,000 per years spending cap.