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

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Want to understand which credit card is best for you? Read this blog to find the which one is better for you, Tangerine Money-Back Mastercard or Laurentian Bank Visa Infinite card.

Tangerine Money-Back Mastercard or Laurentian Bank Visa Infinite card

Source: Freepik

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  

Source: 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  

Source: 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 
Tangerine Money-Back Mastercard or Laurentian Bank Visa Infinite card
Source: Freepik

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. 

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