Introducing The New Tangerine World Mastercard

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by Enoch Omololu

Updated

Advertiser Disclosure

The Tangerine World Mastercard is Tangerine Bank’s latest addition to its credit card offering. The only other credit card offered by Tangerine is the Tangerine Money-Back Card.

If you are looking for a cash back card that has no annual fees and that offers other useful perks, the Tangerine World Mastercard may just be what you are looking for.

Tangerine World Mastercard

Tangerine World Mastercard

Read on to see what this card offers.

1. Cash Back: With the Tangerine World Mastercard, you also enjoy a flat-rate, unlimited, 2% cash back rate on up to three purchase categories.

There are 10 different spending categories you can choose from to suit your spending habits. All other purchases (outside of your chosen categories) generate a 0.50% cash back reward.

Money Back categories

Cash back earned in your account is paid out monthly and can either be applied to your credit card balance or deposited in your Tangerine High-Interest Savings Account.

2. No-Annual Fee: Similar to their no-fee chequing account and Tangerine Money-Back Credit Card, the World Mastercard has no monthly or annual fee.

3. Low Balance Transfer Rate: If you are looking to utilize a low-rate balance transfer in order to consolidate your credit card debt and save on fees, this card offers a 1.95% balance transfer rate for 6 months.

4. Car Rental Collision/Loss Damage Insurance: Enjoy the free damage and theft protection for your car rentals for up to 31 consecutive days. Just make sure you pay for your car rental with the Tangerine World Mastercard.

5. Mobile Device Insurance: Your mobile devices (smartphones and tablets) are protected up to $1,000. Pay your monthly wireless bill using your card to take advantage of this coverage.

6. Mastercard Airport Experiences Provided by Loungekey: The Tangerine World Mastercard offers a complimentary membership giving you access to exclusive dining, retail and spa offers at over 1,000 lounges in 400 airports worldwide (120 countries).

7. Free Boingo Wi-Fi for Mastercard: You get free access to over 1 million Wi-Fi hotspots around the world with Boingo Wi-Fi for Mastercard Cardholders.

8. Purchase Protection and Extended Warranty: Items you purchase using your card are covered against damage or theft for up to 90 days after your purchase. You also enjoy an extended warranty that doubles the manufacturer’s warranty for up to one additional year.

9. On-Demand and Subscription Services: Enjoy access to special benefits and offers (on-demand apps and subscriptions) as a Tangerine World Mastercard cardholder.

Note that to apply for the Tangerine World Mastercard, you will need to earn a personal income of at least $60,000 per year.

Tangerine World Mastercard vs. Tangerine Money-Back Card

On the surface, these two cards are similar in their cash back offers i.e. a standard 2% cash back earn rate in up to three categories of spending.

Also, both cards do not have annual fees.

Where they differ is the Tangerine World Mastercard also offers:

  • Car rental collision/loss damage insurance
  • Mobile device insurance
  • Mastercard Airport Experiences
  • Free Wi-Fi

The minimum income requirement for the Tangerine Money-Back Card is $12,000.

You can compare other no-fee cash back credit cards.

Tangerine World Mastercard.

Get the Tangerine World Mastercard.

Read our Tangerine World Mastercard Review.

Best Credit Offers this month

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories.

Get 0.5% unlimited cash back on all other purchases.

Get 15% bonus cash back in first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Free prepaid reloadable Visa card.

Access to a portion of your paycheque 3 days early.

Free budgeting app with automatic savings features.

Credit building is available with a subscription.

1.20% savings interest on every dollar balance.*

Get the best rates from multiple lenders.

Borrow up to $50,000 regardless of your credit score.

Pre-approvals are available in as fast as 5 minutes.

Low-interest rates start at 1.99% and terms from 4-60 months.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, Credit Canada, MSN Money, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

1 thought on “Introducing The New Tangerine World Mastercard”

  1. Enoch, one really important thing your readers should know is that no credit card covers car rental LIABILITY insurance and that they need to buy this separately. Some people with certain coverage in Canada will have car rental liability insurance already, but otherwise, people really need to buy this. The cost of a car is one thing (collision insurance), but hitting someone and getting sued (liability insurance) is quite another. The latter can run into the millions of dollars, which is why no credit card has this type of insurance included.

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