Paying Tangerine Mastercard via external bank | Tangerine Bank | Discussion forum

You can set the Tang MC to send reminders of statements and balance due dates.

InterestThis said
That Rogers card is 1% cashback for non-Rogers customers, very weak.  

I would not call it weak. Its a no fee card and earn 1% on all purchase. 2% if you are Rogers customers, 2.6% if redeeem against Rogers services.

Any no fee card that earns 1% is on par with most other free cards out there.
I just dont like the Tangerine card that one needs to specify categories, its a very weak offer for me when i am already earning 4% on groceries and gasoline on my other card.

smayer97 said

I have multiple credit cards, of which at least 8 are actively used, all of which are set up with automatic payment of the monthly balance. I risk missing paying the balance if it is not automated.

 

I'm curious, how does the third party bank know what the balance is on your credit to automate the payment or is it that the credit card account is setup to pull funds from your bank instead ?

smayer97 said
Overall, I am seeing there is no solution to directly address the Tangerine MC issue. :-\  

Credit Card companies like us to use them as auto-payers to our various service providers and it's generally easy to do so but we do not have any credit card (we only use 4) that allow auto balance payments.

We only have one on Auto Pay. BMO MC from BMO Checking. You can set it up online. You get a secure message that's set and then it happens. There is no evidence anywhere (other than that one secure message) that's it's going to happen until it has happened - your BMO MC has been paid on time in full and your BMO Checking has been debited. Not an obvious transparent process.

savemoresaveoften said

I just dont like the Tangerine card that one needs to specify categories, its a very weak offer for me when i am already earning 4% on groceries and gasoline on my other card.  

What card are you using for 4% on groceries?

InterestThis said

What card are you using for 4% on groceries?  

CIBC Visa Infinite which I get for free as part of my banking package, which is also free 🙂

smayer97 said
As interesting a product this is, and I do have one, I do not use it because it is missing one key feature. It only allows automatic payment of the monthly balance from a Tangerine account but does not allow the same from a third party bank. Instead, you have to do this manually.

I have multiple credit cards, of which at least 8 are actively used, all of which are set up with automatic payment of the monthly balance. I risk missing paying the balance if it is not automated.

Anyone in the same situation? Any solution?  

Yeah, I requested that feature, and it's certainly one downside. For me, the Tangerine MasterCard product was made a tertiary credit card when previous CEO Brenda Rideout devalued the "all other purchases" to 0.5% from 1%. Plus, now that I've moved my day-to-day banking back to Tangerine due to being fed up with Coast Capital Savings' intransigence on refusing to add bank-to-bank transfers, an initial book of free physical cheques, and bank-to-bank transfer functionality, it wouldn't really effect me.

With whom do you have your chequing account?

My potential solution: Switch your primary chequing account to/back to Tangerine. Other than having to manually categorize a few transactions, you won't be disappointed.

Cheers,
Doug