Tangerine Money-Back Credit Card

CIBC Aeroplan® Visa Infinite* Card

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Tangerine Money-Back Credit Card vs CIBC Aeroplan® Visa Infinite* Card: Which one is better?

Tangerine Money-Back Credit Card

4.4

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RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

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CIBC Aeroplan® Visa Infinite* Card

3.3

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RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Welcome Bonus*

In the first 2 months, get a bonus 10% cash back up to $100. During your first 30 days, transfer balances up to your credit limit and pay an interest rate of only 1.95% on the transferred balance for 6 months (22.95% after that). A Balance Transfer fee of 1% on the amount transferred will apply.11

Welcome Bonus

10,000 Aeroplan points when you make your first purchase. 20,000 Aeroplan points when you spend $5,000 or more during the first 4 statements periods. 20,000 Aeroplan points as an additional anniversary bonus when you have at least $15,000 in net purchases posted on your account during the first 12 monthly statement periods.

Our Cash Offer

$50 $120 Cash Rebate offer from FinlyWealth

Promotional rebate expires on Sep 1, 2025

View Offer

Our Cash Offer

N/A

Rewards Breakdown

Annual Rewards

$278.6

First Year Bonus Value

$100

Annual Fee

Finly Rebate

$50

$120

Exclusive Offer

First Year Value

$498.6

$278.6 in years after

Based on a hypothetical $2,000/mo average spending and assuming you have a Tangerine Savings account. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$541.37

Air Canada Aeroplan®

First Year Bonus Value

$1,050

Air Canada Aeroplan®

Annual Fee

$139

First Year Waived

First Year Value

$1,452.37

$402.37 in years after

Based on a hypothetical $2,000/mo average spending. Calculate your rewards.

How to Earn Rewards*

2% on the choice of two categories chosen from the 10 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reoccurring Bill Payments, Home Improvement, Public Transportation and Parking).
Have your cash back Reward deposited in a Tangerine Savings Account and get a third 2% Money-Back Category.
0.5% cashback on all other credit card purchases.

How to Earn Rewards

1.5 Aeroplan® points per $1 spent on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 Aeroplan® point per $1 spent on all other purchases

Insurance Included*

Extended Warranty

Up to a year

Purchase Protection

90 days

Insurance Included

Extended Warranty

Up to 1 year

Purchase Protection

90 days

Lost or Stolen Baggage

$500

Baggage Delay

$500

Car Rental Damage & Theft

yes

Travel Accident

$500,000

Mobile Device Insurance

$1,000

Hotel Burglary Insurance

$2,500

Emergency Out of province Medical

15 days

Emergency Medical Over 65

3 days

Trip Cancellation

$1,500

Trip Interruption

$2,000

Flight Delay

$500

Extra Benefits*

N/A

Extra Benefits

Car Rental Discount

Get up to 25% off auto rentals at participating Avis and Budget locations worldwide.

Visa Infinite Exclusive Benefits

Exclusive offers

Gas Discount

save up to 10¢/L on fuel at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations

Discount

Primary cardholders can often book flight rewards for even fewer points

Status lift

Reach Aeroplan Elite Status sooner: Earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $10,000 in eligible purchases made on your card

Free first checked bag

Enjoy a free first checked bag for you, authorized users and up to 8 companions every time you fly with Air Canada

Free Extra Night at Hotels

Extra night free for every 3 hotel nights redeemed with Aeroplan points

Interest Rates*

Purchase:

20.95%¹

Cash Advance:

22.95%¹

Balance Transfer:

22.95%¹

Interest Rates

Purchase:

20.99%

Cash Advance:

22.99%

Balance Transfer:

22.99%

Annual Fee*

Annual Fee

$139

$0$

First Year Waived

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required

Min Personal Income:

$60,000

Min Household Income:

$100,000

Loyalty Program*

N/A

Loyalty Program

Air Canada Aeroplan®

Point Redemption Options*

Not Applicable

Point Redemption Options

Most Optimal

Aeroplan® Flights

2.1¢ / point

Car Rentals

0.9¢ / point

Travel

0.825¢ / point

Merchandise

0.75¢ / point

Gift Cards

0.72¢ / point

Is this card worth it?

While we think Tangerine isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. This card only requires a Fair credit score, making it an excellent choice for people who don't have a high credit score yet.

Is this card worth it?

The CIBC Aeroplan Visa Infinite Card is great for Air Canada travelers who want to rack up Aeroplan points and enjoy perks like free checked bags and preferred pricing on flight redemptions. With solid reward rates in key spending categories like gas, groceries, and Air Canada purchases, this card offers decent returns. Additionally, the first-year annual fee waiver and comprehensive travel insurance make it a solid option for those looking for value without the upfront cost. However, its highest value is for people who frequently travel with Air Canada and make use of Aeroplan rewards, especially for flights.

Pros

Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.
2% cashback on recurring Transactions and pharmacy purchases. One of the highest cashback rates on these categories among credit cards in Canada.
Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.
Easy credit score requirements needed for this card.
Overall, it is a good no-annual-fee cashback credit card, especially if you have a Tangerine Savings account.

Pros

Generous Welcome Bonus: 40,000 Aeroplan points upon meeting the initial spending requirements.
High Reward Rates: Earn up to 1.5 points per $1 spent on gas, groceries, EV charging, and Air Canada purchases.
Air Canada Perks: Free checked bags for you and up to 8 companions when flying Air Canada.
Preferred Pricing on Aeroplan Flights: Get access to better Aeroplan point redemption rates for Air Canada flights.

Cons

Insurance coverage is the most basic.
Very low cashback rate on the other categories not selected.

Cons

Income Requirements: Requires either a $60,000 personal income or a $100,000 household income to qualify.
Limited Redemption Value: The highest value for points is found when redeeming for Air Canada flights, limiting flexibility if you prefer other types of rewards.

Other Comparisons

vs Tangerine World Mastercard

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vs Amazon.ca Rewards Mastercard®

vs SimplyCash™ Preferred Card from American Express

vs Scotia Momentum® Visa Infinite* Card

vs Simplii Financial™ Cash Back Visa* Card

vs Rogers World Elite® Mastercard®

vs Scotiabank Passport® Visa Infinite* Card

vs Rogers Red Mastercard®

vs American Express Cobalt® Card

Other Comparisons

vs American Express® Aeroplan®* Reserve Card

vs American Express® Aeroplan®* Card

vs CIBC Costco Mastercard

vs SimplyCash™ Preferred Card from American Express

vs Simplii Financial™ Cash Back Visa* Card

vs American Express Gold Rewards Card®

vs Rogers World Elite® Mastercard®

vs Scotiabank Passport® Visa Infinite* Card

vs Scotiabank Gold American Express® Card

vs TD Aeroplan® Visa Infinite* Card

vs American Express Cobalt® Card

Legal

^*11 Balance Transfer Promotional Offer at 1.95% for 6 months (1% Balance Transfer Fee) A Promotional Rate of 1.95% will apply to any and all Balance Transfers made within 30 days of the Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer was posted to the Account (the “Promotional Rate Period”). To take advantage of this Promotional Offer, you must complete the Balance Transfer request within 30 days of Account approval. You must also activate your Card within 45 days of Account approval for the requested Balance Transfer to be processed, or the Balance Transfer will be automatically cancelled. Balance Transfers are treated as Cash Advances on your Card and do not have an interest-free grace period. Balance Transfers may not exceed the available credit on the Account. If the Balance Transfer exceeds the available credit, the Balance Transfer transaction will not be processed. A 1% Balance Transfer Fee will be charged on each Balance Transfer amount and will be immediately charged to your Credit Card. This Balance Transfer Fee is waived by Tangerine if you are a resident of the province of Quebec at the time you accept this offer. Interest does not accrue on the Balance Transfer Fee, however it is included in the Minimum Payment amount on your monthly statement. You must continue to make all of your monthly Minimum Payments by the Payment Due Dates shown on your monthly statements. If you still have an amount owing from your Balance Transfer when the Promotional Rate Period ends, the Cash Advance interest rate of 22.95% will apply to that amount. You must continue to make the Minimum Payments on your Account, regardless of whether the Balance Transfer has been processed to your Account. We don’t charge interest on new Purchases that appear on your statement for the first time if we receive full payment of the Balance on your statement (including payment of any Balance Transfers included in that Balance), by the Payment Due Date on your statement. This means you will pay interest on new purchases that appear on your statement for the first time unless we receive payment of your entire balance each month by the payment due date. For example, if you do a promotional (or non-promotional) balance transfer for $7,000 and spend $500 in new purchases during the same statement cycle, we must receive payment of the entire balance of $7,500 on or before your payment due date to avoid paying interest on your new purchases that month of $500. Balance Transfers may not be used to transfer money to or from another Tangerine Account. See the Tangerine Credit Card Cardholder Agreement for more information about how we apply payments to your Account. Check here for full details and current product information.

¹ The annual interest rate on Purchases is 20.95% and Cash Advances (including Balance Transfers) is 22.95%. Rates are subject to change. If you don't make 2 consecutive monthly Minimum Payments, or at any time thereafter, an interest rate of 25.95% will apply to your Account on Purchases and 27.95% on Cash Advances (including Balance Transfers).