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Earn $250 Cash with Tangerine Money-Back Credit Card

In a surprising move by Tangerine, they are currently offering a $250 sign up bonus with the Tangerine Money-Back Credit Card. It has been a while since I last wrote about a specific bonus offer, and I usually post my monthly lists.

For example, these are the January lists:

Lately, if I write about a specific card only, I’ve only been writing about significant changes or offers, such as:

Otherwise, I have been leaning towards comparison posts, such as:

So if there is a card that you would like me to write about, please let us know in the comment section below.

Tangerine Money-Back Credit Card

Anyway, onto the Tangerine Money-Back Credit Card, below are the highlights of the card:

  • No annual fee
  • Earn $250 credit to your account (after spending $5,000 in the first 3 months) (if you apply before March 31, 2020)
  • Earn 2% cash back on choice of 2 categories (3rd choice if you deposit the cash back into your Tangerine Savings Account)
  • Earn 0.5% cash back on all other purchases

Prior to this sign up bonus offer, this card was offering a no limit 4% cash back on all choice of 2 to 3 specific category purchases within the first 3 months. So let’s do a quick mathematical calculation. Note that I am only going to consider 2% cash back purchases, cause you are better off using another card if you are only going to earn 0.5% in cash back for a specific purchase.

  • Spend $5,000 and earn 4% on specific purchases nets you $200 in cash back. But you have to subtract the 2% that you would have earned, so that cuts the bonus in half to $100 added bonus.
  • Compare this to $5,000 in spending with the new $250 bonus. You would earn the regular $100 (2% x $5,000), plus the $250 sign up bonus for a total of $350.
  • But if you spent $12,500 wit the 4% cash back offer, then you would pocket $500 in cash back overall.

The idea is, this new cash back offer is a much better deal if you have lower spending. But the more spending you had, the 4% cash back offer was actually better.

Either way, if you have been thinking about this card and you can manage to put $5,000 in spending on this card, the $250 cash back bonus is quite attractive!

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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