Best Credit Cards for Online Shopping in Canada for 2021

The Tangerine Money-Back Credit Card offers up to 2% cash back for everyday purchases. Choose up to three Money-Back Categories, including groceries, recurring bill payments, public transportation, entertainment, and more. Switch up the categories to match your spending habits and maximize your rewards.

Credit score requirement for approval:

Good: You’ve had a credit card or loan for six or more years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments for existing credit cards for the past three months.

Annual fee:

$0

Annual fee for additional cards: $0

Limited time offer/bonus:

• Earn 10% cash back on up to $1,000 in everyday purchases for the first two months. That is up to $100 cash back.

Offer expiry date: August 16, 2021

• Get a 1.95% promotional interest rate on balance transfers made within the first 30 days of opening the account for six months. A 1% balance transfer fee does apply.

Offer expiry date: N/A (Subject to change without notice)

Rewards:

Earn 2% cash back in up to three Money-Back Categories of your choice. Start with two categories and earn the third when depositing your rewards into a Tangerine Savings Account. Earn 0.50% cash back on all other purchases.

You can change your selected Money-Back Categories to suit your spending habits, which could increase your earning potential.

The 10 Tangerine Money-Back Categories include:

• Restaurants
• Grocery
• Gas
• Entertainment
• Home Improvement
• Furniture
• Hotel-Motel
• Recurring Bill Payments
• Drug Store
• Public Transportation and Parking

Earning potential:

How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.

Rewards earned over a 12-month period = $409
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $409*

*This calculation is based on the RATESDOTCA Best of Finance methodology and assumes the chosen categories are groceries, pharmacy, and gas.

You can redeem your points for:

• Deposit rewards into a Tangerine Savings Account each month.
• Apply rewards as a statement credit monthly.

Insurance:

• Purchase assurance
• Extended warranty

Other perks:

• Get free supplementary cards and earn rewards faster as a family.

Pick rewards that suit your shopping habits

Many retailers have partnered with credit card companies, creating special offers and rewards for their loyal customers. Choosing a credit card well suited to your shopping habits may save you money as you indulge in your favourite brands.

Compare credit cards at RATESDOTCA to find the best rewards credit card for your lifestyle. Whether you are an avid traveller, a handyperson, or love binge-watching Netflix, there is a credit card that can treat you for your hobbies and spending habits.