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  • $0 Annual fee
  • $100 Welcome Bonus
  • 2% Rewards Rate
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Tangerine World Mastercard Overview

The Tangerine World MasterCard is one of the best cashback cards packed with several benefits and features. You can earn 2% cashback on purchases in up to three major categories.

With categories like grocery, gas, public transportation, and parking, you’ll have plenty of opportunities to earn cashback. Besides the cashback rewards, the card carries no annual fee.

What’s more, you’ll get coverage for your mobile device and rental car. The Tangerine World Mastercard also comes with a host of Mastercard benefits.

Essential Information

Network

Mastercard

Tangerine Money Back Credit Card 720X300 Comparewise - Comparewise

Provider

Tangerine

Card Type

Cashback

Rewards

The Tangerine World Mastercard has a lucrative welcome bonus and high earnings rates.

Welcome Bonus

As a new Tangerine World Mastercard cardholder, you will earn 10% cashback on everyday purchases. This offer applies when you spend up to $1,000 within the first 2 months of owning the card. The reward has a cash value of up to $100.

Cashback

With the Tangerine World Mastercard, you can earn:

  • Up to 2% cashback on everyday purchases in up to two categories you choose, and
  • 0.50% cashback on everything else

Travel Insurance

The Tangerine World Mastercard comes with the following coverage.

Mobile Device Insurance

You’ll be covered up to $1,000 if your phone is stolen, damaged, or lost. The insurance for your mobile device is available as long as you keep up with your monthly payments.

Remember that the insurance coverage is only suitable for two years from when you bought your phone. Also, it’s only available for brand new mobile devices.

Rental Car Insurance

The Tangerine MasterCard has one of the best rental car insurance policies available. If you rent a vehicle from a rental agency, you won’t have to pay an additional fee for insurance.

This benefit applies when you pay for the rental with your card. And the coverage lasts for 31 days from the date you make the rental.

Tangerine Money Back Credit Card 720X300 Comparewise - Comparewise

Other Perks

  • Access to 1 million Wi-Fi hotspots worldwide with Boingo Wi-Fi for Mastercard.
  • Ability to unlock a third category earning 2% cashback. This is only possible if you allow your funds to be deposited in your Tangerine Savings Account.
  • Complimentary Mastercard Airport Experiences membership. This gives you access to over 400 airport dining, retail, and spa offers and over 1,000 lounges.
  • Get a 1.95% interest rate when you transfer balances from another credit card to your new credit card within the first 6 months. Once the promotional rate expires, you’ll be charged 19.95% for balance transfers.
  • Money-back reward deposits are made directly into your account.
  • Free cards for authorized users on your account.
  • Purchase protection for 90 days from the date of purchase.
  • An extended warranty may double a manufacturer’s original guarantee to a maximum of one year.

Costs and Fees

  • Annual fee: $0
  • The interest rate on purchases: 19.95%
  • Balance transfer fee: 3% of the amount transferred, or a minimum of $5.00
  • Overlimit fee and dishonoured payment fee: $25
  • Foreign transaction fee: 2.5%

FAQs about the
Tangerine World Mastercard

What Are the Differences Between the Tangerine World and Money-Back Credit Cards?

The Tangerine World Mastercard and Money-Back Credit Card may appear like similar cards. They both offer identical rewards, but the World Mastercard stands out. For example, it offers more insurance coverage. Another significant difference is the income requirement. The Tangerine Money-Back Credit Card has a lower income requirement than the Tangerine World Mastercard.

Can I Upgrade from My Tangerine Money-Back Credit Card to Tangerine World Mastercard?

Yes, you can. Call the customer support number on the website and ask for an upgrade. It's essential to confirm that you meet the income requirements before requesting an upgrade.

What Is the Income Requirement for the Tangerine World MasterCard?

The Tangerine World MasterCard is available to those with a gross annual income of $60,000 or more. If your gross domestic income is $100,000, you will also be eligible for this card.

What Do I Need to Submit an Application?

Besides your contact and personal details, you’ll need to submit your financial documents and financial information. This is so Tangerine can get a complete picture of your income level.

Can I Apply for the Tangerine World MasterCard Online?

Yes, you can fill in an online application for the Tangerine World Mastercard. Simply visit the Tangerine website and navigate to the Tangerine World Mastercard. Click the ‘apply now’ button to get started.

What Does the Tangerine World MasterCard Offer for Rewards?

The Tangerine World MasterCard takes a different approach to rewards. You can earn 2% cashback in up to three categories of your choice. All other purchases are eligible for 0.5% cashback.

What Perks Does the Tangerine World MasterCard Offer?

The Tangerine World MasterCard provides perks such as a Mastercard Airport Experiences membership. Because it's a World Mastercard, it also comes with Mastercard benefits. You can also benefit from four different insurance coverage.

General Terms

Applicants must apply for the Card and must consent to a credit check. Accounts must be in Good Standing in order to receive Money-Back Rewards. See the Tangerine Money-Back Rewards Program Terms & Conditions for full details. Balance Transfers are treated as Cash Advances and interest applies from the transaction date that appears on your monthly statement to the date you repay the balance in full. There is no interest-free grace period on Cash Advances or Balance Transfers. Annual Interest Rates: The annual interest rate on Purchases and Cash Advances (including Balance Transfers) is 19.95%. Rates are subject to change. If you don't make 2 consecutive monthly Minimum Payments, or at any time thereafter, an interest rate of 24.95% will apply to your Account on Purchases and Cash Advances (including Balance Transfers). Other Fees and Rates: These fees are charged on the day the transaction occurs (unless otherwise indicated): Cash Advance: $3.50 within Canada, $5 outside of Canada; Balance Transfer: 3% or minimum of $5 (unless reduced or waived) of the amount transferred when it is posted to your Account. Dishonoured Payment: $25; Rush Card: $25; Over-Limit: $25 (maximum one Over-Limit charge per monthly statement period); Past Statement Reprint: $5 per past statement. There is no charge for a reprint of your current monthly statement. Foreign Currency Conversion: When the converted transaction amount gets posted to your Account, we'll add a foreign currency conversion fee of 2.50% to the converted transaction amount. See your Information Box in the application for full details. Rates and fees are subject to change. * Rewards Promotional Offer: The Tangerine 10% Limited-time Promotional Offer (the “Offer”) is only available to new Tangerine Credit Card Account holders who (i) apply for a Tangerine World Mastercard (the “Account”) by July 31, 2022, (ii) activate their Account within 45 days of approval, and (iii) have up to a maximum of $1,000 in total Net Purchases posted to their Account within the 60-day period beginning on the date the Tangerine World Mastercard is activated. “Net Purchases” include purchases charged to the Account (less any refunds, returns or other similar credits) but do not include payments, Cash Advances (including Balance Transfers and Cash-Like Transactions), interest, fees, insurance premiums, adjustments or other charges. The Offer Bonus of 10% (up to $100) will be credited to the Primary Cardholder’s Account within 1–2 statement cycles after the 60-day promotional period provided the Account is open and in Good Standing at time of payout. Limit of one Offer per eligible Client. This Offer is non-transferable. Offer may be changed, cancelled or extended at any time. All other Account terms, including the Tangerine Money-Back Rewards program terms, remain unchanged and continue to apply. See the Tangerine Credit Card Cardholder Agreement for more details, including definitions of any capitalized terms. † Balance Transfer Promotional Offer at 1.95% for 6 months (1% Balance Transfer Fee) A Promotional Interest Rate of 1.95% will apply immediately to any and all Balance Transfers made within 30 days of the Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer was posted to the Account (the “Promotional Rate Period”). If you still have an amount owing from your Balance Transfer when the Promotional Rate Period ends, the Cash Advance interest rate (currently 19.95%) will apply to that balance. A 1% Balance Transfer Fee will be charged on each Balance Transfer amount and will be immediately charged to your Credit Card. This Balance Transfer Fee is waived by Tangerine if you are a resident of the province of Quebec at the time you accept this offer. To take advantage of this Promotional Offer, you must complete the Balance Transfer request within 30 days of Account approval. You must also activate your Card within 45 days of Account approval for the requested Balance Transfer to be processed, or the Balance Transfer will be automatically cancelled. Note that if your Balance Transfer amount(s) equal your available credit, then the Balance Transfer Fee will put your Account over your credit limit and may be rejected in whole or in part. Balance Transfers are treated as Cash Advances on your Card and do not have an interest-free grace period. Interest applies from the transaction date that appears on your statement for that Balance Transfer to the date you repay the Balance Transfer in full. It may take a few business days to complete the Balance Transfer request. You should continue to make payments to the other financial institution until the Balance Transfer appears on your statement. You must continue to make the Minimum Payments on your Account, regardless of whether the Balance Transfer has been processed to your Account. Interest does not accrue on the Balance Transfer Fee; however, it is included in the Minimum Payment amount on your monthly statement. You must continue to make all of your monthly Minimum Payments by the Payment Due Dates shown on your monthly statements. If you don’t make your Minimum Payment by the payment due date as shown on 2 consecutive statements, your interest rate will increase to your higher standard rate that applies to the Account (currently 24.95%). If you pay more than your Minimum Payment on your statement, we’ll apply the excess amount of the payment to your balance proportionately based on the interest rate(s) applicable to each group of charges billed on your Account. Please see the Credit Card Cardholder Agreement for more information on how we apply payments to your Account. We don’t charge interest on new Purchases that appear on your statement for the first time if we receive full payment of the Balance on your statement (including payment of any Balance Transfers included in that Balance) by the Payment Due Date on your statement. Balance Transfers may not be used to transfer money to or from another Tangerine Account. See the Information Box at tangerine.ca/creditcardlegal for full details. Cash Advances (including Balance Transfers) do not earn Tangerine Money-Back Rewards. See the terms and conditions of the Tangerine Money-Back Rewards Program at Tangerine.ca/CreditCardLegal for full details on other items that do not earn Tangerine Money-Back Rewards. Any of these offers may be changed or cancelled at any time without notice. Rates and fees are subject to change. ^ Certain terms, conditions and exclusions apply. Full Mastercard World Benefit terms are available at mastercard.ca/world. For additional terms applicable to Boingo Wi-Fi for Mastercard, go to boingo.com/legal/end-user-license-agreement-boingo-customer-agreement/. For additional terms applicable to Mastercard Travel Rewards, go to mtr.mastercardservices.com/en/tnc. All Mastercard World Benefits are provided by Mastercard International or its affiliates or other third parties. Tangerine Bank is not responsible for any Mastercard World Benefits. *** Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Coverage is subject to eligibility, limitations and exclusions. Details of the coverage, including definitions, benefits, limitations and exclusions are in the Certificate of Insurance provided with the Card. ‡ Offers vary by location. See airport.mastercard.com or the Mastercard app for more details. For a full list of the Terms and Conditions of use, visit airport.mastercard.com/terms-of-use. The Mastercard Airport Experiences offers are made available to you through Mastercard. Tangerine Bank is not responsible for the Mastercard Airport Experiences or any offers made available under those offers. Fees for this benefit are subject to change by Mastercard. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Tangerine is a registered trademark of The Bank of Nova Scotia, used under licence. Forward Banking is a registered trademark of Tangerine Bank.

Tangerine World Mastercard Details

Provider
Tangerine
Network Provider
Mastercard
Card Type
Balance Transfer, Rewards
Rewards Type
Cashback
Annual Fee
$0
Purchase Interest Rate
19.95%
Balance Transfer Rate
3%
Credit Needed
Fair (560 - 659)
                                                                                                                    

Tangerine World Mastercard Offices

Phone Number
1.888.826.4374
Email
info@tangerine.ca
Hours
24 hours a day, 7 days a week
Address
3389 Steeles Avenue East Tornoto ON M2H 0A1 Canada
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Reviews

August 21, 2022

The best no fee cashback premium credit card in Canada. I definitely will recommend this credit card to those who look for cashback reward.

August 21, 2022

Easy to use. Widely accepted so far. Rewards rates are pretty good except the 0.5% on some categories to look out for. No annual fee is great!

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Tangerine World Mastercard Card Details
  • Min. Credit :
    Fair (560 - 659)
                                                                    
  • Card Type : Balance Transfer, Rewards
  • Reward Type : Cashback
  • Providers : Tangerine
  • Network Provider : Mastercard
Tangerine World Mastercard Social Media
Tangerine World Mastercard Reviews
5.0 average based on 2 reviews
Characteristics
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