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Tangerine new user 4.25% Savings rate promo offer EARNMORE
October 30, 2022
4:47 am
Alexandre
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4.25% interest in your Savings Account for 5 months.

You must be new Tangerine user. The way I read T&C, if you used to have Tangerine account ever, you do not qualify.
You must open both Savings and Chequing account to qualify for that offer.
Must open both accounts by November 30, 2022.

Promo page: https://www.tangerine.ca/en/landing-page/earnmore

October 30, 2022
8:41 pm
Loonie
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Tangerine is usually very strict about its definition of "new" customer. If you ever had an account at ING, that too will likely count against you.

October 30, 2022
9:59 pm
RetirEd
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They're as sleazy as ever:

20% cash back on eligible Visa* Debit transactions for 60 days (up to a maximum cash back Bonus of $400).

That's from the link posted at the start of this thread. You don't actually get a $400 bonus - you have to take their Visa debit card AND spend enough in "eligible" transactions in 60 days to get that much in purchase rebate.

They go on (emphasis mine):

What do we mean by ‘Eligible Transaction’?

An Eligible Transaction is an online purchase or an online bill payment successfully completed using the Visa Debit feature of your Client Card. Examples include using your Card to shop at your favourite online stores, making a bill payment on a merchant’s website (such as internet, phone), and as a mobile pay payment method for stuff like streaming services, food delivery orders, ride sharing, etc.

What kinds of transactions are excluded from earning cashback?

Eligible Transactions do not include:

Account fund transfers made with your Client Card to other non-merchant accounts including loading or topping up of prepaid card accounts and moving funds into another financial account acting as the funding source of person-to-person payments or to load a third party digital wallet (e.g., Remitly and KoHo);

Bill payments made through the bill payment feature of the Tangerine website or Mobile Banking app or recurring bill payments set up on your Account; and

All other Client Card or Account transactions, including but not limited to in-store debit purchases, payments made using your mobile wallet, electronic funds transfers, email money transfers, interest charges, fees and cash withdrawals.

So - most importantly - only on-line purchases!

RetirEd

And: is the "Visa debit" they classify this as different from an ordinary bank debit card? Do you have to prepay the funds into a non-interest-bearing Visa balance?

Or am I missing something? It seems like those MacDonald's coupon books that claim they have $xxx value, but only if you buy every item in the book. You're not gonna eat everything McD's makes, I'm sure!

October 31, 2022
4:39 am
Alexandre
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RetirEd said

And: is the "Visa debit" they classify this as different from an ordinary bank debit card? Do you have to prepay the funds into a non-interest-bearing Visa balance?

Off topic, but maybe someone will find that useful. Visa Debit payment works like debit card payment: funds must be available in corresponding (usually checking) account.
At the same time, transaction that is otherwise considered as credit card cash advance and could be charged CC fees is free for Visa Debit.

Examples:

If you pay your tax bill electronically through CRA My Account, use Visa Debit and enjoy no transaction fee.

If you play lottery online in Ontario through OLG.CA, set Visa Debit as payment method and transaction will be no fee. For regular credit cards, OLG warns paying for lottery tickets may be treated as cash advance by CC issuer.

November 7, 2022
7:10 pm
hwyc
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EARNMORE now 4.50% !

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