Tangerine Money-Back World MasterCard: This credit card turns spending into income. Have 2% Money-Back Rewards deposited into savings. This post contains affiliate links and display ads by Monumetric. My e-mail newsletter contains ads by Interactive Offers. I will receive income if you make purchases through affiliate links. Your support is appreciated!
Finally, a no annual fee credit card exists that has legitimate benefits and cash back rewards.
It’s called the Tangerine World MasterCard and it pays you money back right into a Tangerine Savings Account.
Although credit cards are usually frowned upon, I believe they are valuable financial tools if used properly. Mainly, you just need to pay off the balance every month by the due date to avoid interest costs.
In the past, I’ve used credit card rewards points to buy a paper shredder, a printer, to book hotel rooms, order a new Apple TV remote, and more. To receive all this free stuff, all I had to do was spend money on my credit card.
In addition, I have benefited from having a credit card with travel insurance and car insurance for when I rent vehicles.
But I never thought of a credit card as a potential income stream…
That was until I found out about the Tangerine Money-Back World MasterCard.
In this post, I will show you how to turn your spending into an income stream by using the Tangerine Money-Back World MasterCard.
Let’s get started.
Tangerine Money-Back World MasterCard Overview:
Annual Interest rate: 19.95%
Annual fee: $0
Card network: MasterCard
Foreign Currency Conversion: 2.5%
Signup bonus: Yes, 1.95% Balance Transfer promo for 6 months (with a 1% fee)*
How Does it Turn Spending Into Income?
The Tangerine Money-Back World MasterCard turns spending into income by paying you a percentage of money-back on purchases.
How Much Money Do You Make On Purchases? Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
According to Tangerine, you will earn 2% money-back rewards on purchases in two 2% money-back categories of your choice, and 0.50% money-back on all other purchases.
So, if you spend $1,000 on your credit card in a month, you will make at least $5. If the $1,000 was spent on your 2% money-back categories, you would earn $20.
How is the Money Paid?
Typically, cash-back credit card rewards are applied as a credit to the credit card.
But Tangerine is different.
With Tangerine, you can have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a third 2% Money-Back Category.
So, your cash is literally deposited into a separate account that you have access to.
Hence why the Tangerine Money-Back World MasterCard is a legitimate income stream.
You can get paid for spending on essentials.
In addition, there is no limit on the amount of Money-Back Rewards you can earn.
And you can change the Money-Back categories to suit your spending so that you earn the most.
Other Benefits of the Tangerine World MasterCard
Of course, the main benefit is that there is no annual fee.
The Tangerine Money-Back World MasterCard does not cost anything at all.
And it also offers mobile device insurance.
Is the Tangerine World MasterCard a Good Option for You?
The Tangerine World MasterCard is a good option for you if:
- You want a card with no annual fee.
- You don’t need much insurance coverage for travelling.
- Your purchases are predictable to get the most of the 2% categories.
- You need balance transfers to take advantage of a lower rate.
- You prefer to receive cash back instead of rewards.
- Or you are looking to turn your spending into an income stream.
How to Apply for the Tangerine Money-Back World MasterCard
If this card sounds like it would be a good fit for you, visit the application page here to apply.
If you do decide do apply for a Tangerine World MasterCard, I will receive a commission through my affiliate, FintelConnect. Thank you for your support!
Tangerine Money-Back World MasterCard – Final Thoughts
If you are a regular reader, you know that I am building income streams to reach financial independence.
At the moment, I have three consistent income streams: a part-time job, display ad income from Monumetric, and dividend income. But I’m always on the hunt for additional income streams.
So, I am currently working on two more income streams related to blogging with affiliate income and through another advertising partner.
If these work out, I am up to 5 income streams in total!
Of course, it took 5 long years of hard work to begin earning money from blogging and dividend investing.
If you are looking for an easier and faster way to build an income stream, consider the Tangerine Money-Back World MasterCard to start getting paid for spending.
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I am not a licensed investment or tax adviser. All opinions are my own. This post may contain advertisements by Monumetric. This post may also contain internal links, affiliate links to BizBudding, Amazon, Bluehost, and Questrade, links to trusted external sites, and links to RTC social media accounts.
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