Tangerine World Mastercard Review 2025: Is It Worth It?
Jan 6, 2025The Tangerine World Mastercard is a no-fee credit card that earns 2% cash-back rewards in up to three spending categories (and 0.5% on everything else).
The Tangerine World Mastercard® is a no-fee credit card that earns cash back on all eligible purchases — get 2% back in up to three spending categories of your choice and earn 0.5% on everything else.
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Tangerine World Mastercard® full review
The Tangerine World Mastercard® offers travel perks, mobile device insurance, rental car coverage, no annual fees, and customizable bonus categories that you can tailor to your spending.
You can also 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®
Cash-back rewards: Earn cash-back rewards with no annual fee.
Airport perks:
Travel rewards: Special offers are available when traveling outside of Canada through Mastercard Travel Rewards.
Customizable categories: Earn 2% cash back in categories you care about most — choose from a list that includes unique options like home improvement and public transit.
Balance transfer offer: Get a 1.95% introductory interest rate on balance transfers made within the first 30 days of card ownership, for six months. (A 1% balance transfer fee applies. After the promotional period, the rate reverts to the cash advance rate — currently 22.95%. Terms and conditions apply.)
Drawbacks of the Tangerine World Mastercard®
Limited travel insurance: The card lacks comprehensive travel insurance beyond rental car collision and damage coverage.
Earning restrictions: The 2% cash-back rate applies only to up to three selected Money-Back Categories; all other purchases earn just 0.5%.
Category restrictions: To unlock a third 2% Money-Back Category, cash-back rewards must be automatically deposited into a Tangerine Savings Account.
Who should get the Tangerine World Mastercard®?
We believe this card is well-suited for someone who:
Prefers unique spending categories
Banks with Tangerine or is willing to start: To unlock a third 2% Money-Back category, you’ll need a Tangerine Savings Account or be open to opening one.
Plans a large purchase in a reward category: A significant expense, such as new furniture or a home renovation project, can help you meet the $1,000 spending requirement for the card’s 10% cash-back introductory offer.
Wants basic insurance perks without an annual fee: Includes mobile device insurance, rental car coverage, purchase assurance, and extended warranty protection.
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 first in overall customer satisfaction according to J.D. Power’s 2024 Canada Credit Card Satisfaction Study.
Low Trustpilot rating: 1.3 out of 5 possible stars based on more than 1,600 customer reviews, as of this writing.
Low Better Business Bureau rating: 1.06 out of 5 possible stars based on over 80 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 $50,000 for an individual.
A minimum gross annual income of $80,000 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
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 January 31, 2025).
Earn 2% cash back on two of the following categories, and 0.5% on the remaining categories. (If you have or open a free Tangerine Savings Account and get your rewards deposited there, 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 up to $1,000 of purchases made within the first two months of card ownership. This 10% is offered on top of the regular Money-Back rewards. By strategically spending $1,000 in your selected 2% Money-Back Categories, you could earn a total of $120 in cash-back rewards.
The low promotional interest rate of 1.95% means more money for you. The Tangerine World Mastercard®’s 1.95% promotional interest rate on balance transfers for the first six months could help you keep more money in your pocket. With lower interest costs, more of your credit card payments will go directly toward reducing your balance, making it easier to pay down debt.
How to apply for the Tangerine World Mastercard®
You can complete an application for the Tangerine World Mastercard® on Tangerine’s website. Follow these steps:
Click “Apply now.”
Log in or sign up for a new account.
Enter any personal details like your name, email address, and other contact info.
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
If you don’t meet the annual income requirement for the Tangerine World Mastercard®, you could consider Tangerine’s other credit card. The no-fee Tangerine Money-Back Credit Card has identical rewards to the Tangerine World Mastercard®, but it has a significantly lower income requirement.
Rewards breakdown
Rewards breakdown
NerdWallet's take
NerdWallet's take
Card details
Card details
Rewards breakdown
Rewards breakdownNerdWallet's take
NerdWallet's takeCard details
Card detailsWant 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 | |
Fees and Interest Rates | |
Annual fee | $0.00 |
Regular/purchase APR | 20.95%. |
Penalty APR | 25.95% on purchases and 27.95% on cash advances (including balance transfers) if you miss two consecutive minimum payments. |
Cash advance APR | 22.95%. |
Cash advance fee | $3.50 per transaction in Canada ($5 per transaction outside of Canada). |
Balance transfer APR | 22.95% (1.95% promotional rate for 6 months if you transfer the balance during the first 30 days of account opening). |
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:
|
Other perks |
|
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. |
Rental car theft/damage | For up to 48 days. |
Extended warranty | Up to one additional year. |
Purchase protection | 90 days. |
Methodology
BACK TO TOPNerdWallet 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.
Frequently asked questions
Does the Tangerine World Mastercard® have travel insurance?
Does the Tangerine World Mastercard® have travel insurance?
For $32 USD per visit, Tangerine World Mastercard® cardholders can visit over 1,300 airport lounges worldwide.
Does the Tangerine World Mastercard® offer airport lounge access?
Does the Tangerine World Mastercard® offer airport lounge access?
No. The Tangerine World Mastercard® offers rental vehicle insurance, mobile device protection, purchase protection and extended warranty coverage.
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Shannon Terrell
Shannon Terrell
Shannon Terrell
