Tangerine World Mastercard Review

Tangerine World Mastercard Review
  • Annual Cost
  • Cash Back
  • Benefits And Rewards
  • Customer Service

Tangerine World Mastercard Review Summary:

Built on the foundation of the original Tangerine Money-Back Credit Card, the Tangerine World Mastercard offers cardholders the same earn rates and flexibility with a few extra perks. With zero annual fees, the Tangerine World Mastercard is definitely worth a look.


  • Zero annual fee
  • Unlimited cash back
  • Flexible bonus categories


  • Costco earns the base rate of 0.5% cash back
  • Higher minimum income requirement

When digital bank Tangerine launched their no-fee World Mastercard in 2019, they announced that they were taking their award-winning Money-Back Credit Card “to the next level.” Our Tangerine World Mastercard review will break down the features, benefits, and drawbacks of this enhanced cash-back card to help you make an informed decision. 

The Tangerine World Mastercard has all the features of their original no-fee Tangerine Money-Back Credit Card, but with additional perks and a higher minimum income requirement. These changes make this card a step up from their basic cash-back credit card, although not as loaded with features as a premium card would be.

Tangerine World Mastercard Review: The Numbers

Annual Fee: $0. Just like the Tangerine Money-Back Credit Card, the Tangerine World Mastercard has no annual fee. 

Minimum Income: The Tangerine World Mastercard requires a minimum annual income of $60,000, a minimum household income of $100,000, or a minimum of $250,000 in a Tangerine savings account and/or investment fund accounts. This is a major increase from the Money-Back card, which has an annual income requirement of $12,000. 

Interest Rate: 19.95% on purchases, balance transfers, and cash advances. This interest rate is very-slightly lower than many credit cards on the market—and identical to that of the Tangerine Money-Back credit card. 

Earn Rate: Both of Tangerine’s credit cards are designed with maximum flexibility in mind, and this is truly the standout feature. Cardholders can choose two categories out of the following to receive 2% Money-Back Rewards:

  • Grocery
  • Furniture
  • Restaurants
  • Hotel/Motel
  • Gas
  • Recurring Bill Payments
  • Drug Store
  • Home Improvement
  • Entertainment
  • Public Transportation and Parking 

Cardholders who opt to have their rewards deposited in a Tangerine savings account can select a third 2% earning category (for more information about Tangerine’s banking options, see our Tangerine Bank Review). Tangerine’s Money-Back Rewards are unlimited, so you can use the card as much as you want and collect the same rewards. All other Money-Back rewards are earned at a rate of 0.5%. 

Tangerine World Mastercard Welcome Bonus

The welcome bonus for the Tangerine World Mastercard is not particularly impressive. If you sign up before December 29, 2022, you get an extra 15% cash back on the first $1,000 you spend – for a total value of $150.

Insurance Coverage

The Tangerine World Mastercard offers some insurance coverage but does not include travel insurance. Cardholders receive the following coverage: 

  • Purchase Assurance to cover purchases against loss, damage, or theft for up to 90 days from the date of purchase, up to a $60,000 lifetime maximum. 
  • Extended warranty coverage that doubles the period of repair services, up to one year. 
  • Rental Car Collision/Loss Damage Insurance for up to 31 consecutive days when you charge the cost of the rental to your card. 
  • Mobile Device Coverage of up to $1,000 for mobile devices charged to the card.

Other Tangerine World Mastercard Benefits

  • Access to over 1 million global WIFI hotspots
  • Mastercard Travel Rewards special cash-back offers
  • Mastercard Airport Experiences provided by LoungeKey (exclusive offers on dining, retail, and spa services at over 400 airports, plus access to over 1,000 lounges at $32 USD per visit)

Tangerine World Mastercard vs. the PC Financial World Mastercard

When our editorial team reviews a credit card, we look at how that card compares to other, similar offerings on the market. The PC Financial World Mastercard is a no-fee card that has comparable features to the Tangerine World Mastercard, even though it has a different rewards structure. It isn’t a cash-back card, but PC points are redeemable towards purchases at a variety of stores. 

When we put them head-to-head, the Tangerine World Mastercard came out on top in terms of flexibility. You have a wide range of spending categories available for accelerated (2%) earning, while the PC Financial World Mastercard specifies increased earnings on grocery, drugstore, gas, and travel purchases only, and only at Loblaws-owned chains. If flexibility is your ideal, or if you spend the bulk of your money in other categories (say, hotel/motel, restaurants, and entertainment), then the Tangerine World Mastercard is the clear winner.  

However, if you calculate the monetary value of earned PC points, the PC Financial World Mastercard has significantly better earn rates: 

  • A base rate of 1% (double that of the Tangerine World Mastercard)
  • 3.5% at Shoppers Drug Mart 
  • 2% on purchases at any grocery chain owned by Loblaws 

So, if two of your biggest spending categories are groceries and drug store purchases and you frequently shop at Loblaws-owned chains like the Atlantic Superstore, No Frills, or Shoppers Drug Mart, the PC Financial World Mastercard is a great choice. 

That being said, the PC World Mastercard only has value if you do most of your shopping at those stores. Aside from that very specific circumstance, the Tangerine World Mastercard is a better choice. 

Tangerine World Mastercard vs Tangerine Money-Back Credit Card

Our Tangerine World Mastercard review wouldn’t be complete without a look at how it stacks up against its older sibling, the Tangerine Money-Back Credit Card, which was launched in 2016. 

Tangerine’s two credit card options have a lot in common, sporting identical: 

  • earn rates 
  • interest rates 
  • reward structure 
  • zero annual fees

The differences are truly only limited to the perks available, plus the required minimum income.

  • Minimum Income: The Tangerine World Mastercard requires a personal income of $60,000/year, 5 times higher than that of the Money-Back Credit card. 
  • Perks: While both cards offer extended warranty protection, plus 90 days of purchase insurance on items charged to the card, the Tangerine World Mastercard also provides eligibility for airport lounge access, special travel discounts, international WIFI hotspots, and rental car insurance. 

Our conclusion: if you meet the minimum income requirements, it won’t hurt to go for the Tangerine World Mastercard (or to upgrade your Tangerine Money-Back Credit Card if you already have one). The card rewards are identical and neither charges an annual fee. The only difference will be the perks you receive.

 Tangerine World Mastercard Review FAQ

The MDJ Tangerine World Mastercard Review: Our Verdict

The Tangerine World Mastercard is a solid no-fee Mastercard with an exceptionally flexible rewards program that allows you to choose up to three spending categories for accelerated earning. Its minimum income requirement may be a deterrent for some, but if you have the income and are looking for a streamlined, no-nonsense credit card that gives you cash back while providing some basic warranty/insurance coverage for your purchases, it’s a good choice. 

If you don’t meet the minimum income requirement but like the way the Tangerine World Mastercard rewards system is designed, consider the Tangerine Money-Back Credit Card, which has the same features, minus the extra perks and the $60,000 requirement. 

Our Tangerine World Mastercard review team was not unanimously blown away by this card, but if you like what Tangerine is offering and it fits your lifestyle, then the World Mastercard is worth a try, especially since it has no annual fee. 


Meg Goodmanson is a writer, editor, virtual assistant, credit card expert, and lifelong learner-of-things. A self-proclaimed nerd, Meg’s favourite thing is collecting information and presenting it in an interesting and helpful way—especially if it helps her travel for free!
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