Tangerine World Mastercard Review

Tangerine World Mastercard Review

Written by Lisa Rennie
Fact-checked by Caitlin Wood
Last Updated July 6, 2021

A credit card that offers the opportunity to earn cashback rewards points without an annual fee can be hard to come by – but that’s exactly what you’ll get with the Tangerine World Mastercard. 

With a $0 annual fee and limitless cashback rewards earning potential on everyday purchases, this credit card can be the perfect addition to your wallet. 

Let’s check out the Tangerine World Mastercard in more detail.

Find out how many credit cards should you have.

Overview Of Tangerine World Mastercard

Annual Fee$0
APR19.95%
Cashback Rewards2% cashback on eligible purchases
Extra Benefits-Cashback rewards
-Free Boingo Wi-Fi 
-On-Demand and Subscription Services
-VIP Airport Experiences Provided by LoungeKey
-Rental Car Collision/Loss Damage Insurance
Mobile Device Insurance
-Track your spending
-Purchase Assurance
-Extended Warranty

Earning And Redeeming Points With Tangerine World Mastercard

When you spend using your Tangerine World Mastercard, you’ll earn 2% cashback on purchases made. You can choose from 2 different cashback rewards categories:

  1. Earn 2% cashback rewards on purchases in 2 categories of your choice:
  • Groceries
  • Restaurants
  • Gas
  • Pharmacies
  • Hotel accommodations
  • Public transit
  • Parking
  • Furniture
  • Home improvement
  • Entertainment
  • Recurring bill payments
  1. Deposit the rewards earned into your Tangerine Savings Account, and get a third 2% cashback category from the above-mentioned list.

For all other purchases made, you’ll earn 0.5% in cashback rewards. There are no limits on the amount of cashback rewards you can earn when you spend using your Tangerine World Mastercard.

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Tangerine World Mastercard Main Features

The Tangerine World Mastercard comes with the following features:

Boingo Wi-Fi For Mastercard

Stay connected wherever you are with Boingo Wi-Fi’s worldwide hotspot locations.

Mastercard Travel Rewards

Take advantage of cashback offers and rebates applied to your credit card statement when you use your Tangerine World Mastercard at participating merchants when travelling abroad.

On-Demand/Subscription Services

Enjoy savings and perks with your favourite subscription services and on-demand apps. 

Mastercard Airport Experiences Provided By LoungeKey 

Take advantage of VIP airport experiences with complimentary membership to LoungeKey, which provides access to more than 1,000 airport lounges and includes exclusive dining, spa, and retail offers in more than 400 airports across the globe. 

Rental Car Collision/Loss Damage Insurance 

Get coverage against damage and theft for your rented vehicle when you charge the entire cost of the rental to your Tangerine World Mastercard.

Mobile Device Insurance

Get up to $1,000 in coverage against damage, theft, or loss of your mobile device when the full cost of your device or plan is charged to your Tangerine World Mastercard.

Pause My Card

If you believe your card has been misplaced, you can temporarily suspend it with a couple of clicks.

Purchase Assurance

Get coverage against damage, loss, or theft on most new items for 90 days from the date of purchase.

Find out what is credit card balance protection insurance

Extended Warranty

Double the period of repair services for items purchased up to a maximum of 1 year.

Organize And Track Your Spending

Stay on top of your expenditures and check up on your financial habits to get a clear picture of what is still available to spend every month.

Find out if your credit card rewards can be taxed.

Fees Associated With Tangerine World Mastercard

Annual Fee$0
Interest Rate19.95%
Cash Advance Rate19.95%
Balance Transfer Fee3% of the amount transferred, or a minimum of $5
Foreign Currency Conversion Rate2.5%
Over-limit$25

How Do You Qualify For A Tangerine World Mastercard?

To be eligible for the Tangerine World Mastercard, you’ll need a minimum income of $60,000, or a minimum household income of $100,000. Your credit score should also be strong, and in order to take advantage of cashback rewards, your account will need to be in good standing. 

Want to cancel your credit card? Check out how to cancel your Tangerine credit card online.

Final Thoughts

The Tangerine World Mastercard offers a handsome cashback rewards system that lets you earn points with every purchase you make. There’s no need to exchange a hefty fee for the potential to earn rewards, thanks to the absence of an annual fee. Plus, the extra perks that come with the Tangerine World Mastercard make it an even more attractive option when it comes time to apply for a new credit card.

Lisa has been working as a writer for more than a decade, creating unique content that helps to educate Canadian consumers in the realms of real estate, mortgages, investing and financial health. For years, she held her real estate license in Toronto, Ontario before giving it up to pursue writing within this realm and related niches. Lisa is very serious about smart money management and helping others do the same. She's used a variety of financial tools over the years and is currently growing her money with Wealthsimple, while stashing some capital in a liquid high-interest savings account so that she always has a financial cushion to fall back on. She's also been avidly using her Aeroplan TD credit card to collect as many Aeroplan points as possible to put towards her travels!

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