BMO® CashBack World Elite Mastercard®
4.5·Big grocery spenders who want the highest cash back rate
- Annual fee
- $120/yr
- Welcome bonus
- ~$260
- Top reward
- 5% groceries
- Highest headline grocery cash-back rate in Canada
- Strong transit and gas categories
Tangerine® Money-Back Credit Card review
4.4Rated by the CreditCardGuru Editorial Team
The smartest no-fee cash-back card for people who want to tailor their bonus categories. Pair it with a Tangerine savings account for a third 2% category.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$100
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- cash back
- Purchase APR
- 19.95%
Rewards & earn rates
| Groceries (a 2% category) | 2% |
| Gas (a 2% category) | 2% |
| Recurring bills (a 2% category)3rd category unlocked with a Tangerine Savings deposit | 2% |
| Everything else | 0.5% |
Welcome offer: Extra 10% back on everyday purchases in the first 2 months (up to $100).
Pros & cons
Pros
- Pick the 2% categories that match your spending
- Truly no-fee with monthly payouts
- Third 2% category if you redirect rewards to savings
Cons
- Only 0.5% outside your chosen categories
- 2.5% foreign transaction fee
- Thin insurance package
Perks & insurance
Key perks
- No annual fee, ever
- Choose your own 2% bonus categories
- Cash back paid monthly, no minimum
Insurance
- Purchase assurance (90 days)
- Extended warranty
Rates & fees
- Annual fee
- None
- Purchase interest
- 19.95%
- Cash advance
- 19.95%
- Foreign transactions
- 2.5%
Compare Tangerine® Money-Back Credit Card with…
Last updated June 1, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
CIBC® Dividend® Visa® Infinite Card
4.5·Households with heavy grocery and gas spend who want maximum cash back.
- Annual fee
- $120/yr
- Welcome bonus
- ~$350
- Top reward
- 4% groceries
- 4% on gas and groceries is among the highest in Canada
- Strong 2% middle tier covers dining, transit and bills
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
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CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
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Cite this page
“Tangerine® Money-Back Credit Card Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/tangerine-money-back, updated June 1, 2026.