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Best Tangerine Promotions (May 2024): Up to $5,000 Offer

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Tangerine promotions are popular for offering cash bonuses across savings, chequing, credit cards, and mortgage products.

And if you are already considering opening a Tangerine Bank account, timing your entry to coincide with one of these promotions is the savvy thing to do.

The current promotional offers from Tangerine are some of the best I have seen in years, with up to $5,000 on the line.

Read on to learn about the best Tangerine promotions available right now and how to get a $400 bonus.

Tangerine Promotions

Tangerine’s promotional offers include the following products:

  • Credit cards
  • Savings account
  • Chequing account
  • Mortgages

All these offers are available on a limited-time basis, so pay attention to the end dates to avoid missing out.

Tangerine Credit Card Promotions

You can apply for the no-fee Tangerine Money-Back Credit Card and earn an extra 10% cash back on up to $1,000 spent in your first two months.

This is equivalent to an additional $100 in cash back rewards.

The standard rewards on this card are:

  • 2% unlimited cash back in up to 3 categories of spending
  • 0.50% unlimited cash back on everything else

This cash back rate alone puts this card on top of my list of the best no annual fee cash back credit cards in Canada.

If you are considering moving your credit card debt to another credit card, this Tangerine credit card also offers a 1.95% balance transfer rate for six months.

Get the Tangerine Money-Back Credit Card or read my full review.

Tangerine Bank Account Promotions

Tangerine’s savings and chequing account promotions go together.

To take advantage of Tangerine’s promotional interest rates and chequing account cash bonus offers, you will need to open two accounts.

To start, sign up for a Tangerine account and enter the Tangerine promo code EARNMORE.

Open a free chequing and savings account by March 7, 2024, to get these benefits:

  • 20% cash back for 60 days when you use your Tangerine Visa Debit card (Client Card) to make online purchases or pay online bills.

You can earn up to a maximum cash back bonus of $400.

  • Earn a 6.00% promotional interest rate on your savings for five months.

The Tangerine 6.00% interest rate falls back to 1.00% after the promotional period ends. For a non-promotional rate on savings, you can check EQ Bank.

Best Tangerine Promotions-img

Tangerine Mortgage Promotions

**expired** You could earn up to a $5,000 cash bonus when you get a Tangerine Mortgage. The bonus is deposited in your Tangerine chequing account within 30 days of funding your mortgage.

This Tangerine mortgage promotion is available until October 31, 2022, and applies to new mortgage applications for a home purchase. Your mortgage amount must be at least $350,000, and you should be approved for either a 5-year fixed or variable mortgage rate.

The cash bonus available is as follows:

Mortgage AmountCash Bonus
$350,000 to $749,999$2,000
$750,000+$5,000

Get a Tangerine mortgage or read my full review.

Other Canadian Bank Promotions

Simplii Financial

Simplii Financial offers a $400 cash bonus when you open a free chequing account. This account includes unlimited transactions and Interac e-Transfers and has no monthly fee.

To qualify for the offer, you need to add a direct deposit payment of at least $100 for three straight months (examples include your payroll, EI, or pension payments).

Simplii clients can also earn 6.00% interest on their savings for 5 months.

Get more details in this Simplii review.

Neo Financial

Neo Financial is a neobank with a free hybrid account and rewards credit card.

The free Neo Card pays an average of 5% cash back when you shop at over 12,000 stores at an average of 0.50% cash back at non-participating stores.

New cardholders also get a $25 bonus when they apply using our exclusive link. You can also learn about other Neo Financial products in this review.

EQ Bank

EQ Bank offers one of the best non-promotional savings rates in Canada at up to 4.00%.

When you add a direct deposit for your paycheque or set up recurring pre-authorized debits, you earn a bonus 0.50% interest on your balance. In all, you can easily earn 3.00% interest, while enjoying various chequing account-type features.

Here’s an EQ Bank review with more details.

Top Promotions this month

Stop paying Fees. Get the best FREE chequing account offer in Canada + $400 cash bonus

Easy $400 cash bonus when you add a direct deposit to your Simplii account.

Unlimited free debits and Interac e-Transfer transactions.

No monthly account or transaction fees.

No monthly or minimum balance is required.

Best no-fee cash back prepaid credit card with up to 5% cashback + $20 bonus

Up to 5% unlimited cashback on purchases and no annual fee*.

Instant $20 sign-up bonus after your first purchase online or in-store.

Guaranteed approval with no income requirement.

Get free unlimited transactions & Transfer + earn interest on your balance.

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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