Tangerine Money-Back Credit Card vs Wealthsimple Credit Card

The short answer: for most people the Tangerine Money-Back Credit Card is the better overall card — we rate it 4.4/5 and it shines if you want no-fee cash back with customizable bonus categories. Choose the Wealthsimple Credit Card instead if your priority is no-fee, no-fx everyday cash back — especially for wealthsimple clients.

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	TangerineMastercard Tangerine Money-Back Credit Card Tangerine Money-Back Credit Card	WealthsimpleVISA Wealthsimple Credit Card Wealthsimple Credit Card
Our rating	4.4	4.4
Annual fee	No annual fee	No annual fee
Welcome bonus	~$100	None
Foreign transaction fee	2.5%	None
Rewards type	cash back	cash back
Top earn rates	2% groceries (a 2% category) 2% gas (a 2% category) 2% recurring bills (a 2% category)	1% everything
Purchase interest	19.95%	20.99%
Income required	None stated	None stated
Best for	No-fee cash back with customizable bonus categories	No-fee, no-FX everyday cash back — especially for Wealthsimple clients
	Apply now	Apply now

Tangerine Money-Back Credit Card

Our winner

4.4

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.

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Wealthsimple Credit Card

4.4

A standout no-fee card: a flat 1% with zero foreign transaction fees is rare, and Wealthsimple clients can push it to 2%. A no-fuss everyday and travel card.

Apply now

Frequently asked questions

Is the Tangerine Money-Back Credit Card or the Wealthsimple Credit Card better?

For most Canadians, the Tangerine Money-Back Credit Card is the better overall pick (we rate it 4.4/5 vs 4.4/5). It's especially strong if you want no-fee cash back with customizable bonus categories. The Wealthsimple Credit Card can still win if you specifically want no-fee, no-fx everyday cash back — especially for wealthsimple clients.

Which card has the lower annual fee?

Both cards have no annual fee.

Do either of these cards charge foreign transaction fees?

Tangerine Money-Back Credit Card: 2.5% foreign transaction fee. Wealthsimple Credit Card: no foreign transaction fee.