Tangerine World Mastercard® review

Earning money-back rewards with Tangerine World Mastercard® is simple.

• Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
• Earn 0.5% back on everything else
• Get a Tangerine Savings account and get a 3rd 2% cash back category

As mentioned there are 10 categories to select from:

• Gas
• Groceries
• Furniture
• Dining
• Hotels/motels
• Drugstores/pharmacies
• Recurring bills
• Home improvement
• Entertainment
• Public transit/parking

^{Tangerine World Mastercard bonus category rules and regulations}

There are some stipulations to choosing categories so make sure you are aware of them:

• ✅ You can request one change to a category at any time.
• ⚠️ After your first category change, any other requested change will cause a 90-day hold before you can start earning on the new category.
• 👀 If you forget to choose your categories when you apply, Tangerine will choose them for you, so make sure you don’t skip that important step.
• ✅ Purchases made in other categories aren’t left out in the cold; you’ll still earn 0.5% rewards on those transactions.

Redeeming your Tangerine World Mastercard^® money-back rewards is effortless. Every month, you’ll automatically receive your cash back, either paid into your Tangerine savings account or applied as statement credit towards your credit card balance.

• Unlimited money-back rewards: Unlike many cash back credit cards with a high earn rate, there’s absolutely no limit to the amount of money-back rewards you can earn with the Tangerine World Mastercard®. That’s right; there’s no monthly earn limits or caps on the amount of rewards you can get. As long as you keep spending, you’ll keep on earning money-back rewards.
• High earn rate: With the Tangerine World Mastercard^®, you can rack up impressive amounts of cash back. The standard earn rate of 2% applies to all eligible purchases in up to three categories of your choice, which include parking and public transportation, groceries, gas, restaurants, and more.
  

• Purchase assurance: After charging the full purchase to your card, you can get a reimbursement of the lesser of the repair cost or the replacement cost of the insured items within 90 days of purchase with a maximum liability of $60,000. 
• Extended warranty: After charging the full cost of the insurance items to your card (where the item has a valid warranty in Canada or the U.S., and you've registered with the insurer, you get a reimbursement of the lesser of the repair cost or the full cost of of the item up to 1 year after the original manufacturer's warranty. 
• Mobile device insurance: If your device is lost, stolen, accidentally damaged, or it experiences a mechanical failure. You must charge the full cost of the mobile device and any up-front costs and all monthly wireless bill payments (if you're funding your purchase through a wireless plan). You'll get up to $1,000 in reimbursement for the less of the repair cost or the replacement cost, not exceeding the depreciated value. Limited to 1 claim in any 12 month period. 
• Rental car insurance: Coverage for automobiles up to $60,000 MSRP for 31 consecutive days. You must book and pay in full with your Tangerine Wold Mastercard. The rental must be in your name and you must decline the rental agency's collision and loss waivers (CDW/LDW). You must notify the insurer within 48 hours. 

For information on how to have Your complaint addressed, You can call the insurer at 1-855-255-6050 or visit their website at: www.assurant.ca/customer-assistance. 

• MasterCard exclusive experiences: Your Tangerine World Mastercard^® is your passport to a range of exclusive MasterCard experiences. These include preferred access to valuable offers, events, activities, and upgrades, as well as unique experiences around the world with the Priceless Cities program.
• Airport lounge access: Additionally, Tangerine World Mastercard^® cardholders can make the most of their travels with Mastercard® Travel Pass Provided by DragonPass. Your complimentary membership gives you exclusive dining, retail and spa offers in over 650 airports worldwide, along with access to over 1,300 airport lounges at $32 USD per visit.

The welcome bonus is the same, the annual fee is the same at zero dollars, but Amex defines your categories where you get 2% cash back on eligible gas and groceries (up to $300 cash back annually).Where it pulls ahead is that you get 1.25% cash back on everything else.You'll get buyer's assurance and purchase protection, but no mobile device insurance. Instead, Amex gives you $100,000 in travel accident insurance.

The Tangerine World may pull ahead here if you're not into gas and grocery cash back categories and if you'd rather a more readily accepted Mastercard. Though, the earn rate is stronger on "everything else" category.If you spend about $2,000 a month, the Amex SimplyCash gets you $320. Tangerine World gets you about $280 a year. (Not including any welcome bonuses).  

Disclosures:

• Contact American Express for the most up-to-date referral bonus figures.

  American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

Again, Simplii defines your categories as restaurants, bars, and coffee shops with a big 4% cash back† in those categories and 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments, until finally landing at 0.5% on all other credit card purchases with no limit on how much you can earn†.

Where the Simplii falls short is that the cash back comes at the end of the year as a statement credit, not monthly. But, if you're spending at restaurants, bars, and coffee shops, this is your new credit card.

Simplii is CIBC's response to Scotiabank's Tangerine, so very trustworthy.

If you spend about $2,000 a month, the BMO CashBack gets you $300. Tangerine World gets you about $280 a year. (Not including any welcome bonuses).

Disclosures:

• Simplii Financial™ is a trademark and division of CIBC. Banking services are not available in Quebec.

• †Terms and conditions apply. Click ‘Apply Now’ for complete details. This offer is not available for residents of Quebec

  ‡"Purchase" means any Transaction other than a Cash Advance, Balance Transfer or Convenience Cheque. "Cash" means a Cash Advance, Balance Transfer and Convenience Cheque. Interest rates may change from time to time.

 As the best cash back credit card for several years in a row, we have to put it here, especially for its no annual fee, balance transfer promo and solid earn rates on multiple categories. You can cash out anytime for as little as $1 or do it automatically every time you hit $25. You get extended warranty and purchase protection and savings up to 7% on Booking.com and 20% at National car rental and Alamo (but no insurance).If you spend about $2,000 a month, the BMO CashBack gets you about $300. Tangerine World gets you about $280 a year. (Not including any welcome bonuses).  

Disclosures:

• BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.

The Tangerine Money-Back credit card, is pretty well the same as the Tangerine World—neither have an annual fee, both give you 2 categories with 2% cash back and 3 if you open a savings account with Tangerine. 

Tangerine World has everything the Money-Back card has with a few slight tweaks. 

• Increase of the minimum income requirement to 60,000, up from $12,000 with the Money-Back card
• Access to Boingo Wi-fi so if you're at the airport, you can browse the web for free (though not always stream). 
• Mastercard Travel Pass provided by DragonPass*** so you get membership access (worth about $99 USD) to over 1,300 airport lounges, but you'll have to pay $32 per visit. A cool perk if you don't plan on using airport lounges, but get stuck on a 4 hour layover somewhere. 
• Rental car insurance
• Mobile device insurance
• Mastercard World benefits: benefits like percentage savings on partner merchants, special events and products.

Disclosures:

• See your Information Box in the Tangerine application for full details. Rates and fees are subject to change. 

Tangerine does not require an excellent credit score, however, you must meet one of the following requirements:

• A minimum personal income of $60,000
• A minimum household income of $100,000
• Total balances of $250,000 or more in Tangerine savings accounts and/or investment fund accounts.

In addition to those requirements, you must be a permanent resident in Canada at the age of majority in your province or territory and be cleared of bankruptcies for seven years in order to be approved for this card.