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Great no-fee card with unlimited cash-back rewards.

If you want a card without annual fees that earns cash back, the Tangerine World Mastercard may be a good choice.

Learn more about how we evaluate cards.

5.0

The Tangerine World Mastercard is a no-fee credit card that earns Money-Back Rewards — the name of its cash back program. Cardholders earn cash back with accelerated rates on each eligible dollar spent on up to three spending categories.

Tangerine World Mastercard®

Annual Fee

$0
Interest Rates

19.95%

19.95% on purchases and cash advances
Rewards Rate

0.5%-10%

10% intro offer (ends April 30, 2024). Earn 2% Money-Back Rewards in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all your other everyday purchases.
Intro Offer

Up to $100

Apply for a Tangerine World Mastercard® by April 30, 2024 and earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

Apply Now

Apply for a Tangerine World Mastercard® by April 30, 2024 and earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.
Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
No limit on the amount of Money-Back Rewards you can earn.
Change your 2% Money-Back Categories to suit your spending.
With Mastercard Travel Rewards, you can unlock cashback offers and get a rebate applied directly to your statement, by using your Tangerine World Mastercard at select merchants that accept Mastercard while travelling outside of Canada.
Save on the things you love with your Tangerine World Mastercard. Enjoy special benefits and offers from a growing lineup of on-demand apps and subscription services made available to you as a Tangerine World Mastercard cardholder.
Make the most of your travel with Mastercard® Travel Pass Provided by DragonPass. Your complimentary membership gives you exclusive dining, retail and spa offers in over 650 airports worldwide, along with access to over 1,300 airport lounges at $32 USD per visit. Learn more at Mastercard® Travel Pass.
Rental Car Collision/Loss Damage Insurance**: Damage and theft protection for your car rental when you rent for up to 31 consecutive days and charge the full cost of your rental to your Card.
Mobile Device Insurance**: Protection on new cell phones, smartphones or tablets when you charge the full cost to your Card, or when you purchase it through a plan and charge all of your wireless bill payments to your Card. Covers up to $1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure.
Preferred rates: 19.95% for purchases and cash advances.
To be eligible, a $60,000 (individual) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.

Tangerine World Mastercard full review

The Tangerine World Mastercard offers customizable spending categories, travel perks and no annual fees. Plus, you can easily manage your account through the Tangerine mobile app, making it a convenient option for those who prefer to bank digitally.

Benefits of the Tangerine World Mastercard

Earns cash-back rewards and has no annual fee.
Comes with access to the Mastercard Travel Pass program, which includes dining, retail and spa deals in over 650 airports around the world.
Cardholders get to pick their own cash-back categories.
Cardholders can take advantage of a six-month, 1.95% introductory interest rate on balance transfers made in the first 30 days of card ownership (19.95% after the intro period ends. Offer expires January 31, 2024; terms and conditions apply).

Drawbacks of the Tangerine World Mastercard

Lacks travel insurance coverage.
The 2% cash-back rewards don’t apply to all purchases. Cardholders select up to three money-back categories to earn 2% back — all other purchases earn just 0.5%.

Who should get the Tangerine World Mastercard?

We believe the Tangerine World Mastercard may be a good fit for someone who:

Spends big in a few money-back categories. Anyone who wants to earn cash-back rewards for specific spending categories with no annual fee should consider the Tangerine World Mastercard.
Has a Tangerine Savings Account. Existing customers with a Tangerine Savings Account can unlock a third cash-back category.
Plans on making a large purchase in one of the reward categories. A new piece of furniture or renovation project could help you satisfy the $1,000 minimum spending requirement associated with the card’s 10% cash-back introductory offer.
Is looking for a card with insurance perks. The Tangerine World Mastercard includes mobile device insurance, rental car collision and damage insurance, and a 24/7 concierge service.

Is the Tangerine World Mastercard worth it?

If you tend to spend the majority of your money on just a few types of purchases each month, this card may be worth a look. You don’t need to worry about an annual fee, but you’ll want to consider the card’s interest rates and rewards to ensure it’s a practical fit for your lifestyle.

Tangerine customer ratings

Strong customer satisfaction: Tangerine ranks second in customer satisfaction with credit card issuers according to J.D. Power’s 202e Canada Credit Card Satisfaction Study.
Low Trustpilot rating: 1.3 out of 5 possible stars based on 1,400 customer reviews, as of this writing.
Low Better Business Bureau rating: 1.07 out of 5 possible stars based on just over 70 customer reviews, as of this writing.

Tangerine World Mastercard eligibility

Who qualifies for the Tangerine World Mastercard?

To qualify for the Tangerine World Mastercard, you must:

Be a Canadian resident.
Be at least the age of majority for your province or territory.
Meet specific credit score requirements.
Meet one of the following income requirements.
- A minimum gross annual income of $60,000 for an individual.
- A minimum gross annual income of $100,000 for a household.
- A combined balance of at least $250,000 across Tangerine savings and/or investment accounts.

Approximate credit score needed for approval

Canadian credit card issuers rarely disclose required credit scores, which makes it hard to know your chances of approval when comparing credit cards. What we do know is that higher scores have better chances of approval — that’s true no matter what type of credit you’re applying for.

Want to learn more? Read our articles on what credit score is needed for a credit card? and how to check your credit score.

Tangerine World Mastercard rewards

Welcome offer

Ongoing rewards

Points value

The Tangerine World Mastercard offers 10% cash back on the first $1,000 you spend within the first two months of card ownership (valid before April 30, 2024).

Earn 2% cash back on two of the following categories, and 0.5% on the remaining categories. (If you have a Tangerine Savings Account, you can select a third 2% cash back category).

Groceries
Furniture
Restaurants
Hotels and motels
Gas
Recurring bill payments
Drug store
Home improvement
Entertainment
Public transportation and parking

The welcome offer could earn you $120 in cash back rewards. The Tangerine World Mastercard’s welcome offer includes an extra 10% cash back on everyday purchases made outside of chosen spending categories and within the first two months of card membership (up to $1,000, offer expires October 31, 2023; terms and conditions apply). This 10% is offered on top of the 2% cash back in categories of the cardholder’s choice. If executed strategically, the $1,000 you spend to redeem this welcome offer could earn you up to $120 in cash-back rewards.

The low promotional interest rate of 1.95% means more money for you. The Tangerine World Mastercard’s promotional interest rate of 1.95% on balance transfers for the first six months could put extra money in your pocket — or at least help stretch your dollar’s worth. Paying less interest, even temporarily, means more of each payment goes directly toward what you owe.

Hundreds of dollars in insurance savings. Beyond its welcome offer, the Tangerine World Mastercard has additional benefits that deliver value. For example, the card comes with mobile device insurance, extended warranty and purchase protection insurance, which could be worth hundreds — even thousands — should you ever need it.

How to apply for the Tangerine World Mastercard

You must complete an application for the Tangerine World Mastercard via the company’s website. Follow the below steps to apply.

Log in or sign up for a new account.
Enter any personal details like a Social Insurance Number
Enter any employment or financial information requested.
Review the card’s terms and conditions before you submit your application.

Tangerine World Mastercard vs Tangerine Money-Back Credit Card

These two cards have a lot in common, but their perks and income requirements set them apart.

	Tangerine World Mastercard	Tangerine Money-Back Credit Card
Annual fee	No annual fee.	No annual fee.
Minimum annual income	$60,000 (or $100,000 per household).	$12,000.
Rewards	• Up to 2% cash back in up to three spending categories. • Unlimited rewards.	• Up to 2% cash back in up to three spending categories. • Unlimited rewards.
Benefits	• Free cards for authorized users. • Mobile wallet compatible (Apple Pay, Google Pay and Samsung Pay). • Boingo Wi-Fi worldwide. • Mastercard Travel Rewards cash-back offers and rebates. • Complimentary membership to Mastercard® Travel Pass Provided By DragonPass, which includes access to airport lounges for $32 USD per visit. • Airport dining, retail and spa offers. • Rental car insurance. • Mobile device insurance. • Purchase protection. • Extended warranty.	• Free cards for authorized users. • Mobile wallet compatible (Apple Pay, Google Pay and Samsung Pay). • Purchase protection. • Extended warranty.

Want more info on how these cards compare? NerdWallet’s Tangerine Money-Back Credit Card versus Tangerine World Mastercard comparison answers your frequently asked questions.

Reasons you might want a different card

The Tangerine World Mastercard earns cash back and comes with numerous card perks, but there are a few circumstances where it won’t be a practical fit:

You want a card with travel insurance.
You’d prefer to earn a different reward, like points or miles.

Tangerine World Mastercard facts

Tangerine World Mastercard
Card Type	Cash-back credit card
Fees and Interest Rates
Annual fee	$0
Regular/purchase APR	19.95%
Penalty APR	24.95% if you miss two consecutive minimum payments.
Cash advance APR	19.95%
Cash advance fee	$3.50 per transaction in Canada ($5 per transaction outside of Canada).
Balance transfer APR	19.95% (1.95% promotional rate is also available).
Balance transfer fee	3% of the transaction amount, minimum of $5 (1% during the promotional offer).
Foreign transaction fee	2.5% of the transaction amount.
Rewards and Benefits
Intro offer	New cardholders can earn an extra 10% cash back on up to $1,000 in purchases made within the first two months of card membership (limited time offer, terms and conditions apply).
Reward earn rates	Cardholders get 2% cash back on two money-back categories and 0.5% cash back on all other purchases. Cardholders who deposit their cash-back rewards into a Tangerine Savings Account can earn 2% cash back on a third money-back category. Money-back categories include: • Groceries • Furniture • Restaurants • Hotel and motel • Gas • Recurring bill payments • Drug stores • Home improvement • Entertainment • Public transportation and parking.
Other perks	• Boingo Wi-Fi.Connect to over one million Boingo Wi-Fi hotspots around the world.  • Mastercard Travel Rewards. Unlock cashback offers and rebates by using your Tangerine World Mastercard at select merchants.  • Airport lounge passes. Access over 1,300 airport lounges worldwide for $32 USD per visit. • Mastercard Travel Pass offers. Dining, retail and spa deals in over 650 airports around the world.
Insurance coverage
Rental car theft/damage	Up to 31 days.
Mobile device protection	Up to $1,000 of mobile device protection in case of loss, theft, accidental damage or mechanical issues. Conditions apply.
Extended warranty	Up to one year.
Purchase protection	90 days.

Rating Methodology

NerdWallet Canada rates credit cards according to overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.

No. The Tangerine World Mastercard offers rental vehicle insurance, mobile device protection, purchase protection and extended warranty coverage.

For $32 USD per visit, Tangerine World Mastercard cardholders can visit over 1,300 airport lounges worldwide.

About the Authors

Shannon Terrell

Shannon Terrell is a lead writer and spokesperson for NerdWallet, where she writes about credit cards and personal finance. Previously, she was a writer, editor and video host for financial…

Georgia Rose

Georgia Rose is a lead writer on the international team at NerdWallet. Her work has been featured in The Washington Post, The New York Times, The Independent and The Associated…

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