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Tangerine World Mastercard Review 2023

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Tangerine World Mastercard

Tangerine World Mastercard

Rated 3.7/5 stars.

  • 2% Earn 2% cash back in up to three spending categories, when you deposit your rewards to a Tangerine savings account.
  • 0.5% Earn 0.5% cash back on all other purchases.

The Tangerine World Mastercard has been around since November 2019. But within its short lifespan, it’s already made a name for itself as one of the best cash back credit cards in Canada.

In this Tangerine World Mastercard review, we’ll take a closer look at the benefits, drawbacks, and main considerations that any prospective cardholder should consider.

Tangerine World Mastercard: an overview

Given that Tangerine is a popular choice for everyday bank accounts, it makes sense that many Canadians would turn to the online bank for their credit card needs as well.  The Tangerine World Mastercard is one of two credit card offerings available through the bank — the other one being the Money-Back Mastercard.

Although both cards come with no annual fee and the opportunity to earn cash back rewards, the Tangerine World Mastercard is unique for its travel perks — a rarity for a credit card with no annual fee.

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Apply for a Tangerine World Mastercard® by January 31, 2024, and earn an extra 10% back on up to $1,000 in everyday purchases made within your first two months.

Tangerine World Mastercard rewards

When you receive a Tangerine World Mastercard, you can choose up to two categories that will grant you 2% cash back on all qualifying purchases.

You can either redeem the cash back as a statement credit, or have your cash rewards deposited into a Tangerine savings account. The latter option allows you to earn 2% cash back in a third spending category of your choice. Examples of categories include groceries, gas, or recurring bill payments. There are other options, however. It all depends on what best reflects your spending habits. For all categories outside of your chosen two or three, you will still earn 0.5% cash back on purchases.

Unlike many other cash back credit cards, there is no monetary limit on the cash back rewards you can earn with the Tangerine World Mastercard, which eliminates the need to perform complicated calculations in your head as you spend.

Tangerine World Mastercard eligiblity

To be eligible for the Tangerine World Mastercard, you must meet one of the following requirements:

  • Have a total balance of $250,000 or more in Tangerine savings and/or investment accounts


  • Earn a personal gross minimum income of $60,000 or a household gross minimum income of $100,000

In addition to the above, you must also:

  • Not have applied for bankruptcy at any time in the past seven years
  • Be the age of majority in your province or territory
  • Be a permanent resident of Canada


Tangerine World Mastercard interest rates and fees


  • Annual fee: $0
  • Foreign transaction fee: 2.5%
  • Extra card fee: $0
  • Cash advance fee: $3.50 (domestic); $5 (international)
  • Balance transfer fee: 3% of the amount of transferred, or $5 minimum
  • Dishonoured payment fee: $25
  • Over-limit fee: $25
  • Rush card fee: $25

Interest rates

  • Purchases: 19.95%
  • Cash advances: 19.95%
  • Balance transfers: 1.95% for the first 6 months, then 19.95%

Tangerine World Mastercard perks

The Tangerine World Mastercard also comes with some great travel perks.

  • Mastercard Travel Rewards

    When travelling outside of Canada, you can get access to cash back offers and enjoy a rebate on your statement when you use your card at select merchants that accept Mastercard.

  • Mastercard Travel Pass

    Provided by DragonPass, the Mastercard Travel Pass gives you access to more than 1,300 airport lounges around the world for US$32 per visit, as well as retail and spa offers at more than 650 airports. All you need to do is download the app and show your membership.

  • Mastercard priceless program

    Access more than 2,000 global experiences, like Pompeii tickets, the Victoria Opera House, or enjoy a 20-course tasting menu in Bangkok, Thailand.

  • On-Demand and Subscription Services

    Enjoy offers and benefits from on-demand apps and subscription services.

Tangerine World Mastercard alternatives

Our Pick
Tangerine World Mastercard

Tangerine World Mastercard

  • Welcome Offer 10% cash back on up to $1000
  • Annual Fee $0
  • Annual Rewards $282
  • Minimum Income Required $60,000 personal; $100,000 household
Rogers World Elite Mastercard

Rogers World Elite Mastercard

  • Welcome Offer $25 in cash back rewards
  • Annual Rewards $370
  • Annual Fee $0
  • Minimum Income Required Personal: $80,000 Household: $150,000
Image of the HSBC cash rewards credit card

HSBC Cash Rewards Mastercard

  • Welcome Offer None
  • Annual Rewards $186
  • Annual Fee $0
  • Minimum Income Required None

Our final thoughts

Overall, the Tangerine World Mastercard will serve as a great addition to most people’s wallets, based on its cash back possibilities alone. The travel rewards and purchase protection are an additional noteworthy bonus.

Considering that this card carries no annual fee, the Tangerine World Mastercard is well-positioned to work well either as an additional card or as a primary card for your everyday expenses.

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