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Mr. Loonie

Comparing 2 cards

Neo Mastercard vs Tangerine Money-Back

At typical spending, Tangerine Money-Back is worth $198 more in year one and $198 more every year after.

Worked out from each card’s fees, earn rates and welcome offer. How we work it out

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400

Neo

Neo Mastercard®

Remove Neo Mastercard

Tangerine

Tangerine Money-Back Credit Card

Remove Tangerine Money-Back
What it’s worth to you
Better: $72
Year one
Better: Every year after $72

Cash back, counted at face value. Why we value Neo Mastercard this way

Better: $270
Year one
Better: Every year after $270

Cash back, counted at face value. Why we value Tangerine Money-Back this way

Apply now with Neo (opens in a new tab)
Apply now with Tangerine (opens in a new tab)
We may earn a fee when you apply through these links. It never changes the numbers.

Lower is better here.

Annual fee
$0
$0
Extra card For a partner or family member
$0
$0
Foreign currency fee On purchases in another currency
3%
Better: 2.5%
Interest on purchases
Better: 19.99%
20.95%
Interest on cash advances
22.99%
Better: 22.95%
Cash advance fee
$2.50
$3.50, $5.00 fee for cash advances outside of Canada.
Balance transfer fee
Not listed
3%, Minimum of $5 ; 1% fee on intro. balance rate
Late payment fee
$0
$0
Source
neofinancial.comChecked Nov 8, 2026
tangerine.caChecked Nov 8, 2026

Typical spending, $2,500 a month. Bigger is better.

Groceries $9,600 a year
Better: $96 1% back
Better: $48 0.5% back (base rate)
Restaurants $3,000 a year
Better: $0
Better: $15 0.5% back (base rate)
Gas $3,000 a year
Better: $30 1% back
Better: $15 0.5% back (base rate)
Recurring bills $3,000 a year
Better: $0
Better: $15 0.5% back (base rate)
Travel $1,800 a year
Better: $0
Better: $9 0.5% back (base rate)
Everything else (base rate) $7,800 a year
Better: $0
Better: $39 0.5% back
Foreign currency $1,800 a year
Better: $0
Better: $9 0.5% back (base rate)
Total earned Before fees and the welcome offer
Better: $126
Better: $150
Foreign currency fee On the budget’s foreign spending. * Fee not listed, counted at the usual rate
Better: $54
Better: $45
Perks you’d use Lounge visits and cover, at what they cost on their own
Better: $0
Better: $165
Limits
None listed
None listed
Source
Not listed
tangerine.caChecked Nov 8, 2026

Extended warranty
Not listed
Included
Purchase protection
Not listed
Included
Mobile device
Not listed
Up to $1,000
Car rental damage
Not listed
Included
Mobile wallets
Apple Pay, Google Pay
Apple Pay

Personal income Minimum the bank lists
Better: None listed
$12,000 a year
Network
Mastercard
Mastercard
Expert Score From critic reviews, shown, not ranked
Expert Score 8.1 out of 10. Very good
Expert Score 8.5 out of 10. Excellent
Source
neofinancial.comChecked Nov 8, 2026
tangerine.caChecked Nov 8, 2026

Mr. Loonie’s tip Look at every year after before year one. A big welcome offer pays once; the earn rates pay every month you keep the card.

Questions

How do you work out year one?

We add what each card earns at your spending, plus the part of the welcome offer you’d get, then take off the first year’s annual fee. Every year after leaves out the offer and uses the regular fee.

Can I compare more than two cards?

Yes, up to four. Tap Add a card above the table, or + Compare on any card page.

Do banks pay to appear here?

No. You pick the cards and the math decides the numbers. We may earn a fee when you apply through some links. That never changes a number.

Year one adds what each card earns at the spending you picked, plus the part of the welcome offer that spending reaches, then takes off the first year’s fee. Every year after leaves out the offer and uses the regular fee. Points are counted at the value shown under each card.

Sources, checked by us:

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. Values are estimates for the spending you picked, rounded to the nearest dollar.

Spot something wrong? We’ll check it with the bank. Suggest a correction

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