Ever think about the advantages of obtaining a Tangerine Bank credit card? Yeah, a lot of there is much discussion about it. It's got some excellent features and it's user-friendly, so it's very popular. So for this occasion, I will address the major 5 inquiries people are asking about this card, with genuine customer information and all that useful information.
What's so great about the Tangerine Bank card?
So, how does this cashback thing work?
Is there anything not so great about the Tangerine card?
So how does the interest rate stack up against other cards?
Can I use this card when I'm overseas?
What's so great about the Tangerine Bank card?
The most common question I hear is about the benefits. It includes a favorable interest rate, no yearly fee, and an attractive sign-up bonus.
And you earn cashback for making purchases, which is great for everyday spending. Like, someone on Reddit said they really dig getting 1. 5% cashback on everything, and it really accumulates.
So, how does this cashback thing work?
It is quite simple. You simply make purchases with your card, and the cashback is automatically credited to your account without delay.
You can accumulate as much as you desire, and you can redeem your cashback for a statement credit balance, a check, or transfer it to your Tangerine Bank account. A user on Ratehub. Ca commented, 'I redeemed my cashback to purchase a new phone, and it was extremely simple!'
Is there anything not so great about the Tangerine card?
The Tangerine card is impressive, but you should consider the less favorable aspects as well. One issue is that the cashback rate is reduced for certain items, such as groceries and dining out.
Additionally, some people have mentioned that the interest rate for purchases might be greater than that of other cards. However, many people believe the positive aspects outweigh the negatives.
So how does the interest rate stack up against other cards?
The interest rate for the Tangerine card is quite favorable, especially due to the lack of an annual fee and the bonus offer. Nonetheless, it's wise to compare it with other credit cards.
According to Ratehub. Ca the Tangerine cashback card carries a 19. 99% interest rate for purchases, which is more than certain cards but less than others.
Can I use this card when I'm overseas?
You can use it overseas, but there's a 2. 5% fee for operating it with other monetary-units.
That's common for plastics, so just know about it if you're thinking of operating it out of the region. Individual on Reddit-Community said they employed their Tangerine plastic in European-Union and were satisfied with the procedure, even with the fee.