Tangerine Money-Back World Mastercard review

The basics

If you’re looking for a decent cash back return a few bells and whistles, then you might like to check out the Tangerine Money-Back World Mastercard.

• No annual fee. You won’t have to worry about ongoing maintenance fees with this card.
• Welcome offer. Get $100 with a Money-Back World Mastercard when you spend $1,500 in the first 3 months. Valid until September 30, 2026.
• Earn cash back. Earn unlimited 2% cash back in two Tangerine credit card categories of your choice (or three categories if you open a Tangerine Savings Account and directly deposit your cash back into the account) and unlimited 0.5% cash back on everything else. Conditions apply.
• Flexible categories. Change your categories to suit your spending habits whenever you see fit.
• Balance transfer offer. Get a 1.95% interest rate on balance transfers for the first six months. You must request a balance transfer within 30 days of approval and activate your card within 45 days of approval. A 1% fee applies (waived for Quebec residents). Other terms and conditions apply.
• Unlimited cash back. Accumulate as much cash back as you want with no monthly or annual caps on earning potential.
• Easy redemption. Use the cash back you earn to pay off your outstanding credit card balance or put money into your savings account.

The perks

• Product coverage. Protect your purchases with insurance and extended warranty coverage.
• Car rental insurance. Get damage and theft protection on your rental car for up to 31 days when you pay on your credit card.
• Mobile device insurance. Lock in up to $1,000 of insurance to replace your phone in the event of mechanical failure, loss, theft or accidental damage (some conditions apply).
• Airport lounge access. Get a Mastercard Travel Pass Provided by DragonPass. This complimentary membership gives you exclusive dining, retail and spa offers in airports worldwide along with access to over 1,400 airport lounges for a fee per visit.
• Global Wi-Fi access. Stay connected with complimentary access to a 1GB Global Data Roaming Plan and 15% off Data Plan purchases with FlexiRoam.
• Free additional cards. Pay no additional fee to order cards for up to five authorized users.
• Zero-liability coverage. Rest easy knowing that your card is protected from unauthorized use with zero-liability coverage.

What to watch out for

• Airport lounge access. Although discounted, you’ll still have to pay a fee to enter eligible airport lounges.
• No travel insurance. You won’t get travel medical or trip interruption/cancellation insurance to cover your time spent overseas.
• Foreign transaction fees apply. You’ll have to pay a 2.5% currency conversion fee whenever you spend in currencies other than CAD.
• Income requirement. The minimum income you’ll need to be approved for this card is $50,000 (or a household income of at least $80,000).

Tangerine Money-Back World Mastercard interest rates

What should I know before I apply for the Tangerine World Mastercard

• Eligibility requirements

  To apply for a Tangerine Money-Back World Mastercard, you will need to meet the following criteria:

  • Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces).
  • Have a minimum annual income of $50,000 or a household income of $80,000.

• You'll also need to provide the following documents and information:

  • Your name, residential status and contact information
  • Your social insurance number (SIN) and date of birth
  • Your email address and phone number

How to apply for the Tangerine World Mastercard

1. Go to Tangerine's website and select Apply Now.
2. Complete the application by providing your name, email address, SIN, birth date and other required information.
3. Consent to a credit check.
4. Review and submit your application.
5. If approved, you’ll get your new card in the mail within 10 business days.

Bottom line

The Tangerine Money-Back World Mastercard gives you a decent cash back return in up to three spending categories for no annual fee. It also comes with a balance transfer offer and additional perks like mobile phone insurance, car rental insurance, free and discounted FlexiRoam Global Data plans and airport lounge access through DragonPass (a fee applies per lounge visit).

It’s a great card if you want to earn cash back with no annual fee. But if you’re looking for a low-interest credit card or more extensive travel benefits, take a look at other options.