Which One Is The Best For You: Tangerine Money-Back Mastercard Or Laurentian Bank Visa Infinite Card?

Credit cards in Canada may confuse you in terms of their features. Let us compare the Tangerine Money-Back Mastercard and the Laurentian Bank Visa Infinite card.  

Tangerine Money-Back Mastercard  

The Tangerine Money-Back Mastercard can be the best fit for balance transfer cards.  

The Tangerine Money-Back Mastercard saves money with everyday transactions with its money-back rewards.  

Let us discuss its various features, such as eligibility, welcome bonuses, and other aspects below-  

Eligibility-  

The eligibility criteria for this card are:  

• You need to be a permanent resident of Canada and be of the required age.  
• Your minimum income should be $12,000 annually or more.  
• You should not have a bankruptcy record for a minimum of 7 years.  

Annual Fees-  

The bank will not charge you any annual fees on this card. ($0).  

Interest charged on the balances-  

The balance transfer interest rate on this card is 19.95%. If we talk about the cash advance interest rate, it is also 19.95%. The interest rate also stands at the same.  

Rewards and Cashback-

Next, you can earn up to a 2% back reward on the three distinct categories you choose. Everyday purchases earn you 2% on this card.  

Other Features-

You can choose any three from ten categories: grocery, entertainment, and furniture.  

Also, the money back rewards each month. There is no cap on the amount you earn on your transactions.  

Eligibility	A permanent resident of Canada of age.  The minimum income should be $12,000 annually or more.  Should not have a bankruptcy record for a minimum of 7 years
Annual Fees	$0
Interest charged on Balances	Balance transfer interest rate– 19.95%  Cash advance interest rate– 19.95%  Interest rate– 19.95%
Rewards and Cashbacks	2% money back reward on the three specific categories.  Everyday purchases earn you 2%.
Other Features	Choose from 10 options for your 3 categories.  No cap amount on the money back you earn with each transaction.

Laurentian Bank Visa Infinite card  

The Laurentian Bank Visa Infinite card is a reward card. It is a good option for those who want good travel cards in Canada.  

Let us explore the various features of this card here below:  

Eligibility-  

The minimum income should be $60,000 annually. Also, a credit score of 760+ is required.  

Annual Fees-  

Annual fee of $130 for this card.  

Interest charged on balances-  

The balance transfer interest rate on this card is 21.99%. If we talk about the cash advance interest rate, it stands at 21.99%. The purchase interest rate is 19.99%.  

Rewards/Cashback-

On this card, you can earn 3 points on bills, two points on groceries, gas, travel (hotel, taxi, flights, etc.), and one point on all other purchases. The benchmark is when you spend $1 you earn.  

Other rewards-

Other than these features, on this card, you will earn a welcome bonus of 5000 points, approximately $50.  

Eligibility	The minimum income should be $60,000 annually.  Credit score of 760+
Annual Fees	$130
Interest charged on Balances	Balance transfer interest rate– 21.99%.  Cash advance interest rate– 21.99%  Purchase interest rate – 19.99%.
Rewards/Cashback	3 points on bills, 2 points on groceries, gas, travel (hotel, taxi, flights etc.) and 1 point on all other purchases as well
Other rewards	Welcome bonus of 5000 points

Comparison: 

Criteria	Laurentian Bank Visa Infinite card	Tangerine Money-Back Mastercard
Additional Benefits	Welcome bonus of 5000 points	Choose from 10 options for your 3 categories. No cap amount on the money back you earn with each transaction.
Welcome Offer	Welcome bonus of 5000 points	–
Minimum income requirement	$60,000 annually	Minimum income $12,000 annually
Condition of Canadian Resident	Yes	Yes

Opinion of Expertbyarea-  

We compared the two best credit cards in Canada – the Laurentian Bank Visa Infinite card and the Tangerine Money-Back Mastercard.  

If you are looking for a card to earn more cash rewards with no cap, the tangerine money back Mastercard is our pick. And, if you want to get a pleasant bonus and keep gaining with every transaction, the Laurentian Bank visa card can suit you.