Tangerine Money Back Credit Card Review

Tangerine Money Back Credit Card

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Tangerine Money Back Credit Card

You may have noticed that Tangerine is not like a typical bank. On the one hand, they do not have expensive physical branches, which means they can pass on these savings to you. One way they do this is by paying more interest on your money without charging you unfair fees. But this is only the beginning. Some people want their banking business to become a more complicated thing. Your money should work as hard as you do, and you should not work hard to achieve this goal. This is why they make all your daily banking operations easy to save, easy to understand and simple. This is what they call forward banking. Although Tangerine is a bank without branches, they are not just a website on the Internet. Their presence is also established through mobile devices, at their Tangerine locations and their contact centers. At the time, Canadians had no real choice in the banking industry. The big banks all offer almost the same things-low interest, high fees and service fees. They know they can give Canadians a better choice.

Pros & Cons Analysis of Tangerine Money Back Credit Card

Tangerine Money Back Credit Card Highlights

Rewards: Look at your credit card benefits. Users of travel rewards credit cards earn points or miles that may be redeemed for travel. Although few people travel now, this does not mean that points cannot be used. Many programs allow you to redeem gift cards or claim credit points. It is good to use your points, but it is likely that your other benefits (such as travel insurance and lounge access) will be idle for a period of time. If you want benefits that you can use now, consider switching to a credit card that can provide you with other benefits you may need now, such as cash back, mobile device insurance, or roadside assistance. Now would be a good time to weigh the benefits and drawbacks of raising your credit limit. If you need to pay a certain large fee, it may make sense to apply for an increase in your credit limit. Maybe you have asked for an increase in the limit for several years, and your goals have changed since then? Remember, you can lower the limit at any time in the future.

Credit card payment deferrals: Bank of Canada has supplied credit card payment deferrals to over 476,000 people. If you missed a credit card payment, please know that you are not alone. If you receive a deferred payment, it may only be three months. Try to contact the lender, credit card company, or organization that you owe. Depending on your situation, they may allow you to delay or reduce payment. If you can be proactive, please don't wait until you miss the payment before contacting them. Try to contact them at least 5 business days before your payment is due. But remember-unless you say it, they don't know you are struggling. If you have a high-interest credit card, line of credit, or loan balance, please contact the financial institution that issued the card to see if you can buy low-interest products. If you have multiple debts (credit cards, loans, etc.), please determine whether a consolidated loan is suitable for you. If you meet the conditions, you may get a lower overall interest rate, which means you can save a lot of interest and only pay one monthly payment instead of managing a few.