Tangerine Money-Back Credit Card: Review, Eligibility, Cashback, Pros and Cons

Tangerine credit cards are the best no-annual-fee credit card in Canada and Best Student Credit Cards in Canada. As you know how troublesome it is to find the best credit card in Canada that includes all the exciting features and is still able to fulfill our desires. Tangerine Money-Back Credit card makes it easy for you to save money on every purchase and return you with exciting cashback and Money-back rewards.

Although, no-fee credit cards are in high demand nowadays as customers are preferring affordability. And, Tangerine Credit card is one of them that provides maximum satisfaction to their cardholders.

Card Name & Issuer: Tangerine Money-Back Credit Card

Tangerine was established as ING DIRECT CANADA on April 27, 1997. Particularly, they don’t have branches everywhere but it’s more like a website. Its headquarters is situated in Toronto.

Tangerine Money-Back Credit Card Annual Fee

As you are aware of the fact that Tangerine money-back credit card doesn’t require an annual fee. Therefore, you are good to go.

Eligibility Requirements for Tangerine Money-Back Credit Card

• The Gross annual income required for this card is $12,000 or more.
• And you must have attained the majority age in Canada.
• Must be a permanent resident of Canada.
• No history of Bankruptcies.

Tangerine Money-Back Credit Card Rewards/Offers

• You will earn 2% money-back rewards on any two purchase categories and 0.50% Money-back rewards on any other purchase category.
• There is no prior limit on earning money-back rewards.
• You can deposit all your tangerine money-back rewards on Tangerine savings account and get an extra 2% money-back category.
• 2% Money-Back Categories includes:
  • Grocery
  • Furniture
  • Hotels
  • Gas
  • Recurring bill payments
  • Restaurant

How to Apply for Tangerine Money-Back Credit Card?

• Visit the official site of Tangerine Money-back credit card. You need to register an account to apply for it.
• If you already have an account then you can choose to log in.
• Then you will be presented with a form on that particular site.
• Tangerine will be asking you about the employment information, annual salary, mailing addresses, and contact information.
• Read the full statements and fill the respective form and submit it.

Insurance Coverage on Tangerine Money-back Credit Card

• Purchase insurance:
  Purchase assurance is provided to cardholders to cover loss, theft, or any damage on new purchases made anywhere in the world.
  The validity of this insurance is up to 90 days from the date of purchase.
• Extend warranty

Tangerine Money-Back Credit Card Pros

• The crucial pros of this card are that there is no annual fee required.
• You can choose your money-back categories by yourself.
• Your money back category can be increased added with extra benefits.
• You will get various cashback offers along with a welcome offer
• Compatible with mobile payment apps.
• Cashbacks can be easily redeemed and transferred to a savings account.

Tangerine Money-Back Credit Card Cons

• Tangerine Bank doesn’t have any branch anywhere. they are like a web portal bank.
• Regular cashback rewards are not enough alluring for customers.
• Insurance coverage isn’t up to the mark.
• The purchase protection period is very much limited.
• You cannot give cashbacks as cash or cheques.

Editor’s Review on Tangerine Money-back Credit card

Tangerine Money-back credit card is no doubt a top-notch card. And it doesn’t require an annual fee. But at the same time, its money-back returns rate is quite low as compared to any other no annual fee credit card. Tangerine money-back credit card gives you the advantage of choosing your 2% money-back categories for money-back returns and apart from that, you can increase your money-back category too.

However, the Insurance coverage is also not up to the mark and the 2% money-back rate is very modest. At last, I would say the Tangerine Money-back credit card is quite beneficial for those who prefer affordability and don’t want to pay an annual fee but expect satisfying offers. Then this card would be the best option as it’s compatible with mobile Payment apps like Gay. And Redeeming is easier for cardholders because the money-back rate gets transferred to the Tangerine savings account automatically and can be redeemed as per the user’s preference.

FAQs (Frequently Asked Questions)

Wealthsimple Cash Card Review – Pros, Cons, Eligibility, How to Apply, Cashback, Promo Code

If you are a person who loves to spend but has trouble keeping tabs on it, prepaid cash credit cards are for you. Prepaid cash cards are quite different from credit cards. It requires funding in advance from the cardholder to avail the card. It helps to limit your spending money and allows the cardholder to be conscious of the exact amount spent.

As Warren Buffet once said, “Do not save what is left after spending but spend what is left after saving”.

In the current Wealthsimple Cash Card Review, we look at one of the best prepaid cash cards in Canada, Wealthsimple cash card.

Card Name & Card issuer: Wealthsimple Cash Card Review – Wealthsimple

Wealthsimple kept the millennials in mind while establishing this institution. It is an online investment management service that paves a clever way in investing, saving, and spending their clients’ money. The headquarters situated in Toronto, Canada, is headed by CEO Michael Katchen.

Wealthsimple Cash Card Review

Wealthsimple cash is a free peer-to-peer payment app that recently released a physical card for the same. The card is a prepaid Visa cash card through which purchases can be made by the funds paid into your Wealthsimple cash account. 

The card helps in easy paying and receiving funds from various contacts. The refunded money is visible once the process has been completed.

Another advantage of this card is that it has no foreign exchange transaction fees or declined transaction fees. The only fees extracted are the standard ATM withdrawal fees (about$3.00) and currency conversion fees, when purchases are made outside the CAD currency.

The Wealthsimple Cash card has no annual fee. 

Wealthsimple Cash Card Transaction limits

Since it is a prepaid cash card, it requires funding in the account in advance to make any purchases. The transaction limit per day and per transaction is unlimited. The maximum spending limit is 10,000 CAD (per day and transaction). The ATM withdrawal limits are up to 500 CAD per transaction and 1000 CAD per day. The amount balance is visible in the Cash app.

Wealthsimple Cash Card Cashbacks

Wealthsimple cash card applies 5% cashback on purchases from restaurants, bars, and food delivery services. This cashback is only available in a certain period between 12:00 am EST(on Fridays) and 11:59 pm EST(on Sundays). The Cash app allows you to view from where the cashback came in.

How to apply for Wealthsimple Cash Card?

The following are the steps to apply for the Wealthsimple Cash card:

1. Open a Wealthsimple Cash account
2. Download the Wealthsimple Cash app and link it with the Wealthsimple cash account.
3. Add money into your cash account via the app.
4. Request for a physical card, which will arrive via mail within a few days.
5. To activate the physical card and to set the PIN, call +1 877-868-0854
6. Import your contact list into the app to make payments and receive amounts instantly.

Wealthsimple Cash Card Benefits

• The Wealthsimple Cash card has no annual fee.
• No minimum balance required
• No foreign exchange transaction fees or declined transaction fees
• Cash backs up to 5% earned from restaurants, bars, and food delivery services.
• Wealthsimple cash app helps in easy payment and receiving of money instantly.
• Along with your physical card, you receive a virtual card via the Cash app.
• Apple, Samsung, and Google Pay can be linked to this account.
• The physical card can withdraw money from an ATM.

Wealthsimple Cash Card Drawbacks

• Limited cash backs: The cash backs earned are only from restaurants, bars, and food delivery services and not for all purchases.
• Credit score: Prepaid cards are not applicable for a good credit score.

Conclusion – Wealthsimple Cash Card Review

The above-curated information is from meticulous research as I have not earned the opportunity to purchase the Wealthsimple Cash card. The above card is Canada’s first P2P payment app, which recently released a physical card with no annual fees. Thus, the Wealthsimple Cash card is one of the best-prepaid credit cards in Canada.

KOHO Prepaid Credit Card Review

KOHO Review: Being a rational human being how one could deny extra cashback? Yes, KOHO Prepaid Visa has developed a Premium benefit to the customers by the worth of 2% cashback on their purchases. It is one of the best student credit card in canada.

Isn’t this delightful? This article will walk you through the objectives, advantages, as well as disadvantages of the KOHO Prepaid Visa Premium, also devised variants between regular & premium.

For all of it and more read the article till the end!

KOHO Review – KOHO Prepaid Visa Card Review

KOHO is a Canada-based enterprise and it is a blend of various financial services under the collaboration of People’s Trust to which Canada Deposit Insurance Corporation is intended to ensure the trust with insurance at the time of emergency. It was established in the year 2014 by Daniel Eberhard as KOHO Financial Inc.

KOHO Visa Card enables the customers to make their payments or purchases just as a credit card but instead of charging interest the card rewards you with a cashback of 0.5% to 2.0%. It basically acts like a chequing account that reloads the amount into the customers’ accounts rendering unique benefits under three types of pricing plans.

Features – KOHO Visa Card (KOHO Prepaid Credit Card)

Advancing Limits & Reload options

• A maximum limit for load and deposits is 20x on daily basis and 60x monthly basis.
• It also includes transfers through electronic and direct deposits as well.
• The maximum deposit amount is $10,000 on daily basis and $40,000 monthly basis.

Disposal/Spend and Withdrawal Limits

• The maximum limit for one user to spend is $3000 on daily basis and $30000 monthly basis.
•  Possibility of only 15 transactions per day.
• The maximum limit for one user to withdraw in any kind is $300.

KOHO Savings Interests

• KOHO offers a 1.2% interest rate on savings deposited by the customers.
• It also charges zero fees.

Approval Period

• KOHO takes only 10 days for the approval of credit cards.

Premium V/S Regular – KOHO Credit Card Review

KOHO Regular Visa Review

Basically, it is the primary plan through which a customer commences uplifting the related benefits of the KOHO Visa Regular Card. Following are the features of the regular plan:

• KOHO provides free service to the customers enrolled under the plan.
• It charges zero cost to the customers for opening an account including a card.
• It facilitates the customers to collect the scattered savings in one place.
• The institution is known for its cashback rewards to the customers of 0.50% on particular purchases.
• The customers will also have the potential to lock his/her card in the KOHO application.

KOHO Premium Card Review

It is a superior plan among the other two with the exchange of money on a monthly/yearly basis as it facilitates huge benefits such as:

• KOHO charges $84 per year/ $9 per month to enable access to a premium account.
• Additionally, it also provides 30-day free trial for the freshers.
• It rewards a cashback of 2% on transportation, groceries & restaurants.
• It provides assistance of financial coaching for free to the customers.
• It allows international ATM withdrawal monthly once for free of cost.
• In addition to which it also has a feature called price matching.

The Joint Plan

It is one of the core plans as it enables the customers to open a joint account and uplift all the benefits similar most to the basic plan such as

• It rewards a cashback of 0.5% on all the purchases
• It also enables them to share their finances easily among the partners.
• Simultaneously, collaborative saving targets.
• Instant updates in the form of notifications when any of the partners spend.

KOHO Eligibility & Application Criteria:

In order to get enrolled in any of the above mentioned all you need to do is just go along with the following steps that include eligibility information and application process:

Step 1: Visit the KOHO website and open an account by entering your email ID and password.

Step 2: Choose any color for your card from the color scheme.

Step 3: You will be asked to enter your personal information such as name, address, workplace, and others.

Step 4: Make sure to confirm your mail address as the card will be sent accordingly.

Step 5: In order to install and set up a KOHO account follow the link provided through your mail.

Conclusion – KOHO Review

The article has covered the commencement and creative plans of KOHO Financial Services. It has also focused on various features of the three plans in particular. Above all, it has also portrayed a clear picture of the KOHO Visa Card by listing its key features. The article got concluded with eligibility before you apply and also the necessary steps to apply.

If you are the one who had great experiences with KOHO & KOHO Visa Card services please do share them in the comment box below!

KOHO REVIEW – VIDEO