Designed to help Canadians be smart with their money, the rewards are earned automatically and can either be applied towards the credit card balance or redeemed into a Tangerine Savings Account. If clients choose to have their Money-Back Rewards deposited into their Tangerine Savings Account, they will get an additional 2% category, for a total of three.
The 2% Money-Back categories include groceries, restaurants, entertainment, gas, recurring bills, home improvement and more to help Canadians save as they go about their everyday spending.
"Our team has spent the past two years working hard to develop our unique Money-Back credit card that allows clients to spend and save at the same time," says Peter Aceto, President and CEO of Tangerine. "We’re coining this revolutionary new concept as ‘Spaving’ – and we’re very excited to introduce this concept and our new credit card to the Canadian market today."
"We’re thrilled to be the payment network powering Tangerine’s first credit card," said Brian Lang, President, MasterCard Canada. "When Canadians use MasterCard they expect safety, convenience and innovative payment options. With their new Tangerine Money-Back credit card they get everything MasterCard provides plus valuable card benefits."
Tangerine is inviting Canadians to register at Tangerine.ca for a chance to be a part of the Credit Card Preview. Selected Previewers who are Tangerine clients will be the first to receive applications, followed by non-clients. Approved Previewers will have the opportunity to try the card and provide feedback on the experience before everyone is invited to apply for the card in early 2016.
