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Yes, I am a PF Geek

One morning last week, I woke up with a little giddy feeling, sort of like it might be my birthday*, or christmas morning, but it wasn't. It was Friday the 13th I think, but that had nothing to do with the feeling.

I was excited because the night before I received an email from Tangerine** telling me that I'm pre-approved for their new cash-back credit card.

As soon as I saw the email on my phone, I went over to the laptop and logged in to accept my acceptance. I was pre-approved for $14 000 but I was able to change it to $7500. I chose this amount because when the new card arrives I will cancel two other credit cards worth $10 000 combined.

We are sometimes told to keep our oldest credit card opened for good credit history, but now that I have a mortgage and car loan in place, I'm not too worried about what my credit rating looks like. I hopefully will not be opening too many more credit products after this.

I'm excited for this card to show up. Not only will it allow me to close out two other cards taking up space in my wallet and life, but it also gives 2% cash back on three spending categories of my choosing. I chose groceries, fuel, and restaurants.

I calculated that I will earn $8 to $10 a month with this card. Remember the days of earning $8 a month in interest in our savings accounts? Actually I don't, because I never had any savings, beyond my (now spent) RRSP. So this is exciting for me. Yes, I am a PF Geek.

*My birthday was actually the week before. Woot!1!

**As always, this is not a sponsored post. I don't care who you bank with, as long as you are not paying any bank fees. That's just dumb. Send me a message if you want my Orange Key to open your own awesome account with them.


  1. Happy Belated Birthday!!!

    The new card sounds great. We just applied for a PC one, as we fuel up at superstore pumps whenever possible, to get the cash back towards groceries (used to use Petro card but it took forever to get anything). With the new card, you are supposed to get even more back. We'll see how it works out in practice. D is leading the charge on this one.


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