Best Tangerine Promotions (Sep 2022): Up to $5,000 Offer

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by Enoch Omololu, MSc (Econ)

Updated

Advertiser Disclosure

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.

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

Until November 18, 2022, you can apply for the no-fee Tangerine Money-Back Credit Card and earn an extra 15% cash back on up to $1,000 spent in your first two months.

This is equivalent to an additional $150 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 saving 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 November 30, 2022, 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 4.25% promotional interest rate on your savings for five months.

The Tangerine 4.25% 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

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 is offering a $350 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 3 straight months (examples include your payroll, EI, or pension payments).

Simplii clients can also earn 4.75% interest on their savings for a limited time.

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 up to 4% cash back when you shop at over 7,000 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 2.00%.

For a limited time, new customers also get a $150 cash bonus (expired) when they open an EQ Bank Savings Plus Account and add a payroll direct deposit of at least $100 per month for 3 consecutive months.

Here’s an EQ Bank review with more details.

Top Promotions this month

Get the best FREE chequing account offer in Canada ($350 cash bonus)

$350 cash bonus when you add a $100 direct deposit for 3 months.

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 credit card with a $150 welcome bonus

$150 sign-up bonus on first $1,000 spending within 2 months.

Get unlimited 2% cashback in three categories of spending.

Low $12,000 income requirement and 600+ credit score.

0.50% unlimited cashback on all other purchases and no annual fee.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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