Give Me Back My Five Bucks

The new Tangerine credit card could be a game-changer

Note: this post was sponsored by Tangerine Bank, however the views and opinions expressed are my own.

You all know how I feel about credit cards. I love them for all the amazing rewards programs, and as long as you are using them responsibly, getting something for nothing is pretty great in my book.

But the thing about credit card rewards programs is that the rewards are almost always applied towards current or future purchases. For example, my travel rewards card helps me redeem purchases I’ve already made. And many cashback rewards cards just put the cash rewards back onto your credit card. This is why I was so excited when I heard about Tangerine Money-Back Credit Card.

What makes the Tangerine Money-Back Credit Card so unique is that cardholders are able to choose two categories where you can earn 2% cashback (you’ll get 1% on all the rest of your purchases). And as an added bonus, you will earn 4% cashback for the first three months in two categories (as well as 1% on all the rest of your purchases) for the first three months.

The categories look like this:

tangerine

However, there’s an even bigger bonus. If you decide you want your Money-Back Rewards deposited into your Tangerine Savings Account (instead of being applied directly to your credit card balance), you’ll be able to choose a third category to earn 2% cashback.

The Money-Back Rewards are earned automatically, and paid out monthly. And perhaps best of all – not only are there’s no limit to the amount of rewards you can earn, but you can change your 2% Money-Back categories to suit your spending when you need to. This is so empowering because you get to decide where you get rewarded.

I love the option of being able to save your savings by putting your earned rewards into a savings account – instead of onto your credit card where you’d just spend that money on something else. And when you spend your savings, you haven’t really saved anything at all!

Not only will this credit card instantly become one of the better no annual fee cashback credit cards, but for me, it could be a game changer in the credit card industry because of the ability to save your savings. I like that.

Aside from the Money-Back Rewards, Tangerine’s cashback card also offers a few other great features, such as:

  • 1.5% Foreign exchange fee (one of the lowest in the market)
  • Purchase Assurance and Extended Warranty

Would you ever consider using the Tangerine Money-Back Credit Card?

March happenings

Wow, I can’t believe it’s been weeks since I last wrote here. It’s been a nutty, stressful month at work – lots of overtime, and surprisingly a lot of freelance opportunities have also come up. But aside from work, any free time I’ve had has been spent enjoying the outdoors and with friends and family. Here’s a quick update on the happenings around here:

Vacation!

I’m currently writing this post from Tofino while RD surfs and I rest my tired running legs. I haven’t been here since 2011, and can’t believe how much fun the trip has been so far. It helps that RD and I had the same sort of vacation in mind – to be outside and active as much as possible.

Thursday night we took the ferry to Vancouver Island and drove straight to Tofino, arriving pretty late at night. It was a crappy drive, but waking up Friday morning already in Tofino was pretty great. RD went out for a morning surf, and I did a slow 8.5km run on Chesterman Beach. In the afternoon, we went on a couple long walks – one to Schooner’s Cove, and the other on Chesterman. By the end of the night, my legs had covered 21km of ground. :)

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Saturday morning started out much like Friday – RD went out surfing, and I went for a 9.5km run on the beach. After that, we headed into town to run a few errands, explored Tonquin Park, and then met up with my friends for a walk on the beach and then dinner at a pub on the pier. My daily output was 18km of running and walking.

Sunday morning (today) we drove down to Ucluelet to tackle the Wild Pacific Trail. I didn’t realize it was rated Trip Advisor’s #3 attraction on Vancouver Island, but the views were pretty stunning. :) The round trip hike was just 9km of easy hiking, but I really enjoyed it. Tonight we plan on hitting up Tacofino, and will try to catch the sunset at Chesterman Beach. Tomorrow we’ll be packing up and visiting my uncle in Nanaimo before heading to Powell River to visit with RD’s friends and his grandma for 2 or 3 nights. Hope your Easter long weekend has been filled with fresh air and family! :)

IMG_9932 IMG_9931

Work

Freelancing has been going well. I banked $4,350 in freelance income so far this month, with another $700 to be paid out in the next week. I’ve also secured a couple more contracts for next month, which should bring in about $3,000. I’m really pleased with securing both repeat clients as well as attracting new companies I’ve never worked with before. :)

As for my full-time job, I received a small 2.5% raise last week. It’s not much, but nice to see a little boost to my salary. In terms of workload, it’s been busy. A major person in our marketing team moved across the country and is now part of the eastern team – so our little group has to absorb her workload for a while until we can determine if/when we need to replace her. That has resulted in overtime every day for me, but the good news about that is I’m banking more hours (which means more vacation time).

Miscellaneous

  • I’ve been indoor climbing 3x/week lately, and it has been really fun. We’ve been making progress up to 5.10d and 5.11a routes… although RD will be gone for an entire month for work starting in May, so I suspect our progress will be severely stunted. :)
  • We are planning an epic road trip for October. We have both individually wanted to travel north for years, and with the dollar keeping our vacations within Canada this year, it seems like the perfect time to go. So we’ll likely be taking 3 weeks in October, loading up my car, and heading north. I’m very excited to hike and explore the Northern BC and Yukon area. If you’re from the north or if you’ve traveled there, I’ll be calling on you for travel tips and suggestions, as I’ve not been farther north than Dawson Creek!
  • As a side expense to this road trip, I’ll finally need to invest in new tires for my car (and maybe a full-sized spare one for the trip) = $$$

I have so many blog post ideas (seriously, you should see how many drafts I have lined up here), and I can’t wait to start writing them and getting back into a blogging routine. :)

March 2016 Goals

Well this is an expensive month because RD and I are headed to Tofino and Powell River for a week.

We booked 4 nights in Tofino through VRBO.com which cost about $390 each. Expensive, I know. But it’s normal for Tofino, and the location can’t be beat – RD has stayed at this place before, and it’s just a couple minutes walk to Chesterman Beach. We’ll cook most of our meals – with the exception of at least a couple trips to the Tacofino food truck, and probably one dinner in town.

From Tofino, we plan on visiting my aunt and uncle in Nanaimo, before taking the ferry to over to Powell River for a few days. I’ve never been before, but hear it’s quite lovely. :) I’ve budgeted $1,000 for the entire trip. We won’t need to worry about accommodation in PR, so all we have to figure out is food, gas, and ferry costs.

I’ll also be renewing my rock climbing membership, but again will be buying a 1-month pass for March and April. Since RD is gone for much of May and June for work, it didn’t make sense to buy a 3-month pass. Instead, while he’s gone, I’ll switch gyms where they have more auto-belay options – so that I can continue to climb without a partner. :)

But to offset this expensive month, I expect to bring in about $4,200 in freelance income.

03-March2016-BudgetRevised

March 2016 Goals:

  • Practice yoga once a week – Increasing our climbing to 3x/week has left my body pretty stiff. I wanted to look into classes, but even rec centre drop-in classes are $16, and I’m not into that. So since I can’t justify spending even more money every month on fitness, it’ll be back to my yoga DVDs for now. :)
  • Do my taxes and get organized for next year – I’ve got almost all of my tax slips, and I’ve already done a preliminary run of my taxes, but it was just with estimated freelance numbers. I also want to get more organized with my 2016 taxes. I revamped my old spreadsheet to provide more details, but it’s the way I file receipts that needs a massive overall.
  • Look into getting a credit limit increase on my credit card – I only have one credit card with a $5,000 limit, and that has been fine for the past couple of years. But lately I’ve been charging a lot of reimbursable work expenses (and joint travel expenses) which has caused my card to come dangerously close to my limit before my payments get posted. I’d like to get a credit increase so I can continue to use my card for work purposes (to earn reward points), and not worry about getting declined.
  • Save $2,000 towards retirement – This is a carry-over goal from last month, but will largely be based on whether I receive payment for freelance work that I invoiced out for last month.

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