Tangerine Money-Back Credit Card vs. Tangerine World Mastercard: How to Choose

Jul 9, 2024Both Tangerine credit cards earn cash back for no annual fee, but their perks, benefits and eligibility requirements differ.

Written by Beth Buczynski

Lead Assigning Editor

Edited by Erica Corbin

Fact Checked

Assigning Editor

Written by Beth Buczynski

Lead Assigning Editor

+ 1 more

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Trying to decide between the Tangerine Money-Back Credit Card and the Tangerine World Mastercard®? Here’s what you need to know:

Both are rewards credit cards that earn cash back.
Neither Tangerine credit card charges an annual fee.
The cards have different income requirements: $12,000 per year for the Money-Back Card versus $50,000 per year for the World Mastercard
The Tangerine World Mastercard® has perks and benefits that aren’t offered by the Money-Back Card.

Here’s a side-by-side look at the details that matter most:

Tangerine Money-Back Credit Card vs. Tangerine World Mastercard®

Tangerine Money-Back Credit Card

3.9

NerdWallet rating

Annual fee$0

Interest rates

20.95% / 22.95%

Rewards rate

0.5%-2%

Intro offer

Up to $100

Recommended credit scoreN/A

APPLY NOW

on Tangerine's website

Rewards breakdown

NerdWallet's take

Card details

Tangerine World Mastercard®

4.1

NerdWallet rating

Annual fee$0

Interest rates

20.95% / 22.95%

Rewards rate

0.5%-2%

Intro offer

Up to $100

Recommended credit score655-724

APPLY NOW

on Tangerine's website

Rewards breakdown

NerdWallet's take

Card details

NerdWallet’s pick: Tangerine World Mastercard®

Both of Tangerine’s rewards cards are solid choices if you’re looking to earn cash back. But if you meet the income requirements, the World Mastercard’s perks and benefits make it a no-brainer over the Money-Back.

Looking for a good credit card?

See NerdWallet’s picks for the best credit cards in Canada and start earning more rewards today.

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What Reddit has to say

Our Nerds know it can sometimes be helpful to hear what everyday cardholders think when making your decision. So, we took to Reddit to find out what users are saying about Tangerine’s credit cards across multiple threads.

Redditors mostly agree with NerdWallet's pick.

As of this writing, Redditors agree that the Tangerine World Mastercard® is the better choice of the two cash-back cards. Some users also say that if you apply for Tangerine’s Money-Back card but meet the World Mastercard’s income requirements, the issuer will automatically recommend upgrading.

REDDIT THREAD

Frequently asked questions

What’s the minimum income required for the Tangerine World Mastercard?

To be eligible for a Tangerine World Mastercard, a $60,000 (individual) annual income is required.

What credit score do you need for a Tangerine Money-Back Card?

Tangerine doesn’t publicly disclose its minimum credit score requirements for the Money-Back Card.

Which bank owns Tangerine?

Tangerine Bank is owned by The Bank of Nova Scotia, or Scotiabank.

Does Tangerine do a hard credit check?

Yes, when you apply for a credit card, Tangerine will perform a hard credit inquiry on your credit report. As with all hard credit inquiries, this could temporarily lower your credit score.

Does Tangerine Mastercard work at Costco?

Yes, Costco Canada accepts all Mastercards. (It doesn’t accept Visa or American Express cards.)

What are the Tangerine credit card spending categories?

Tangerine credit card holders can earn points on groceries, restaurants, gas, entertainment, furniture, hotels/motels, drug stores, recurring bill payments, home improvement, and public transportation and parking.