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Email this7:27 am
December 18, 2018
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Well, all great things come to and end. After always receiving good offer when my offer had expired, I've now been selected for the exclusive tiered offer with crappy rates as follow for 9 months:
0:49,999 : 0.35%
40K-100K : 0.50%
100K-500K: 2%
500K+ : 2.75%
I don't get these guys. They know I move my money to Oaken as soon as my offer expires, they know Oaken is currently at 2.8% with no gimmick yet they send these insulting offers.
I would love to be a fly in the wall in those meetings where they discuss these stupid offers.
So long Tangerine, see you in 9 months ... maybe. In the meantime, my pension deposits will go in and out faster than you can send those offers.
8:52 am
November 3, 2022
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I was in a similar situation in January, pulled my funds to a HISA offered through Q Trade (two, actually) until last week.
On July 4, Tang sent me a 3.5% promo offer, so now the funds are flowing back to them. That's just the way they do business, which determines the way I do business with them.
9:13 am
January 12, 2019
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Rail Baron said
. . .
That's just the way they do business, which determines the way I do business with them.
What Rail Baron said ⬆️ ... It's all part of the 'Tangerine Game'.
It's foolish to take it personally. In spite of what some here might think, they're Not out to 'Get You'. It's just how they operate. And if we don't like it, the Exit Door is always Open.
When things go sour at Tangerine, be prepared to have better options elsewhere (i.e. 'Govern Ourselves Accordingly').
My Two Centavos,
- Dean
" Live Long, Healthy ... And Prosper! "
9:27 am
December 18, 2018
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Ohh I don't take it personally and know it's part of their game, I just find it annoying and frustrating sometime and always wondered what is the rationale to play such games with people and why they bother giving different rates to different people and not just stick with a fixed rate. Somehow it must be more profitable for them to act this way if they do but I would love to see the stats on this.
1:17 pm
January 12, 2019
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.
Every FI has it's Quirks & Quarks ... some more than others. Best not to let them annoy or frustrate us. If it gets to be too much, we can just simply move-on.
As for Tangerine's famous Quirks & Quarks , I'm sure there's Method-To-Their-Madness. I'm not quite sure what it is, but apparently it works for them.
.
- Dean
" Live Long, Healthy ... And Prosper! "
7:20 pm
November 5, 2022
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Tang has clearly been ordered by Scotia to increase profits, so the squeeze in on. Some are still getting decent offers, others are getting little or nothing.
The only thing to do is look at the entire marketplace, and take the best offers you can get.
and then sites like this one become much more valuable, as we have to go on the hunt to get decent offers, unlike a short while ago.
5:21 am
April 5, 2017
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Rail Baron said
I was in a similar situation in January, pulled my funds to a HISA offered through Q Trade (two, actually) until last week.On July 4, Tang sent me a 3.5% promo offer, so now the funds are flowing back to them. That's just the way they do business, which determines the way I do business with them.
Hello Rail Baron - when you received the Tang offer on the 4th of July were you still on the 9 month promo or had that promo expired?
7:39 am
April 27, 2017
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Tangerine sent an email offering 2% “bribe” for transferring TFSA or RSP into their “investments”. Limited to a transfer of $250K. Payout over 30 months.
Had a quick look at their investment products; appear to be quite expensive.
2% is good but overall… unattractive offer.
8:08 am
July 24, 2023
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That is the same 'deal' I was given 3 or 4 months ago and mentioned it on another Tangerine thread on this site. I was so frustrated reading people getting 3.5% or another much better rate when I was being offered 0.9%. So I just moved my $ out to Oaken and Motive. Now questioning what (and when) changes will come to Motive.
8:52 am
November 3, 2022
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FMC said
Hello Rail Baron - when you received the Tang offer on the 4th of July were you still on the 9 month promo or had that promo expired?
My promo had expired just before I got the 3.5% offer. But it was a 6 month promo. Tang must use an algorithm to assign rates and time periods for their special offers. Or perhaps they use a random number generator?
9:17 am
December 18, 2018
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another bad luck of the draw for me, mine is 9 months but I've been lucky for quite a while so it evens out I guess.
1:51 pm
November 3, 2022
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chamnic said
another bad luck of the draw for me, mine is 9 months but I've been lucky for quite a while so it evens out I guess.
Think of it as a 9 month sentence to community service. The community is this web site, and the service is discovering great rates elsewhere that you would never have known about otherwise. 
5:41 pm
March 15, 2019
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Rail Baron said
Tang must use an algorithm to assign rates and time periods for their special offers. Or perhaps they use a random number generator?
The word on the street is that they hired a dozen monkeys who throw darts at a board, LOL.
7:09 am
November 5, 2022
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also Tang is probably spending a lot on the Bikeshare program, to market to new customers. So they have to pay for that somehow.
Banks hate deadbeat customers, who always pay their credit card on time and pay no fees, and who read and understand all the offers, and move their money out at the right time.
7:18 am
October 27, 2018
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InterestThis said
also Tang is probably spending a lot on the Bikeshare program, to market to new customers. So they have to pay for that somehow.
Banks hate deadbeat customers, who always pay their credit card on time and pay no fees, and who read and understand all the offers, and move their money out at the right time.
In my understanding: Deadbeat usually means someone who does not pay their financial obligations.
"Deadbeat primarily refers to someone who avoids paying money they owe, such as bills, loans, or child support."
Also, is Tangerine the exception credit card that doesn't charge Interchange or Merchant fees?
9:02 am
January 12, 2019
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.
What Patch said ⬆️ ... Take Notes.
And FWIW: https://www.dictionary.com/browse/deadbeat
O & O,
- Dean
" Live Long, Healthy ... And Prosper! "
11:32 am
November 5, 2022
Offline11:35 am
April 14, 2021
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InterestThis said Banks hate deadbeat customers, who always pay their credit card on time and pay no fees, and who read and understand all the offers, and move their money out at the right time.
I think that their 'deadbeat customers' are the same ones who hate Tang for their silly lottery promo games. So, there is equilibrium in the relationship.
11:43 am
November 5, 2022
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I am starting to think that maybe banks don't want their customers to make as much money off them as possible, and instead keep that profit for themselves. Am starting to consider that might be possible.
5:02 am
November 18, 2017
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I'll add info that otherwise would require linking links above:
DEADBEAT has meant, for ages, a person or company that does not pay their debts.
It is only in perhaps the last decade that it came to light that credit card companies were informally, internally referring to those who don't run a balance or pay interest. That was when someone revealed that one company (I think it was Amex?) had issued a memo telling their staff to never use the term for any client.
I've been a never-balance since the mid-seventies!
Furthermore, may never-balance status has served me well on the extremely rare times when mistakes were made on my end or theirs - they were always corrected at no cost to me!
RetirEd
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