Top features
No annual fee
2% Money-Back Rewards in two 2% categories (like Restaurants or Grocery), 0.5% on other everyday purchases
6 months of 1.95% interest on balances transferred in the first 30 days (19.95% after that)
Good to know
If you deposit your Money-Back Rewards into a Tangerine Savings Account, you get a 3rd 2% Money-Back Category
There’s no cap on the Money-Back Rewards you can earn
There is a 1% balance transfer fee with the promotional balance-transfer offer
If you’re choosing a new credit card and want to make a great, but simple choice, look for a card with no annual fee and cashback rewards. Any rewards program can be fine, but cashback-style rewards keeps it nice and easy because you don’t have to worry about how, when, and where to convert your rewards points.
Credit limit
Annual fee:
Eligibility:
What is a secured credit card?
A secured credit card is any card that requires an initial deposit to open an account. The deposit, which is usually one to two times more than your requested credit limit, acts as collateral. If you miss or fail to make a payment, your credit card company will use the deposit to cover the unpaid balance.
Why get a secured credit card?
Because secured credit cards require an initial deposit, they’re usually very easy to get. But why pay a deposit to use a credit card? Well, you may need one for these main reasons.