Quick overview of the Tangerine World Mastercard®
The Tangerine World Mastercard® is an impressive no annual fee cash back credit card from wholly-digital bank, Tangerine. The card prioritizes cash back rewards how you want them by offering an unlimited 2% back in two categories of your choice (including popular options like gas, dining, bills and more) plus 0.5% back on everything else. You can even earn a third bonus category if you deposit your rewards into a Tangerine Savings Account. Let's see if the Tangerine World Mastercard is right for you.
💳 Who’s the Tangerine World Mastercard for?
- Canadians who want unlimited cash back with the flexibility to choose their top-earning categories.
- Those who appreciate a wide range of categories, offering something for nearly every type of spender.
- Tangerine banking customers who deposit their cash back into a Tangerine Savings Account, unlocking a third cash back category to further boost rewards.
✅ Tangerine World Mastercard pros and cons
- No annual fee
- Unlimited money-back rewards
- High 2% earn rate
- Exclusive experiences through MasterCard
- $60,000 minimum income requirement
- Travel insurance would be a welcome addition to the travel-related benefits
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.
👀 What users have to say about the Tangerine World Mastercard
According to Reddit, many users have had great success with the mobile device insurance coverage. Other recommend this no-fee card for its specific cash back categories and the fact that you don't have to pay for those higher categories.
Reddit user deltalux believes the card is designed for Canadians with a slightly higher income than those with the Tangerine Cash-Back Mastercard, noting that "it comes with a bit more perks than the base card."
How the Tangerine World Mastercard® compares
As a no annual fee cash back credit card with some pretty nice perks, let's break down some competitors in the same category.
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.
bonus 5% back
Welcome Bonus
$438
First Year Value
$338
Annual Value
Welcome Bonus: Earn a bonus 5% cash back on purchases in your first 3 months (up to $2,000 in purchases).
Get this card if you...
- want to earn cash back, without an annual fee
- value purchase protection and extended warranty coverage
- want to maximize cash back rates, with no spending caps
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
21.99%
Cash Advance
Our Take
The SimplyCash® Card from American Express is a no-annual-fee credit card offering cash back on everyday purchases, with elevated rates for eligible gas and grocery store purchases in Canada, up to a specified annual limit. Cardholders benefit from purchase protection and extended warranty coverage.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
- No annual fee for primary or additional cardholders
- Solid regular cash back rate on all eligible purchases - up to 2% cash back on all eligible purchases
- No limit to the amount of cash back you can earn at the base rate
- Cash back is only applied as a statement credit once a year
- Amex cards aren’t accepted by every merchant
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
$45
Return Penalty
Rewards cash back
2%
cash back on eligible gas station purchases in Canada
2%
cash back on eligible grocery store purchases in Canada (up to $300 cash back annually)
1.25%
cash back on all other purchases
Insurance Benefits
$100,000
Travel accident insurance amount
Earn a bonus 5% cash back on purchases in your first 3 months (up to $2,000 in purchases).
That’s on top of your everyday cash back earn rates.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Our Take
The SimplyCash® Card from American Express is a no-annual-fee credit card offering cash back on everyday purchases, with elevated rates for eligible gas and grocery store purchases in Canada, up to a specified annual limit. Cardholders benefit from purchase protection and extended warranty coverage.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
- No annual fee for primary or additional cardholders
- Solid regular cash back rate on all eligible purchases - up to 2% cash back on all eligible purchases
- No limit to the amount of cash back you can earn at the base rate
- Cash back is only applied as a statement credit once a year
- Amex cards aren’t accepted by every merchant
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
$45
Return Penalty
Rewards cash back
2%
cash back on eligible gas station purchases in Canada
2%
cash back on eligible grocery store purchases in Canada (up to $300 cash back annually)
1.25%
cash back on all other purchases
Insurance Benefits
$100,000
Travel accident insurance amount
Earn a bonus 5% cash back on purchases in your first 3 months (up to $2,000 in purchases).
That’s on top of your everyday cash back earn rates.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
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.
8% cash back†
Welcome Bonus
$439
First Year Value
$359
Annual Value
Welcome Bonus: Earn 8% cash back† for your first 3 months up to $1,000 in eligible spend.
Get this card if you...
- want to earn cash back on everyday purchases
- want to avoid paying an annual fee
- appreciate a good welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Simplii Financial™ Cash Back Visa* Card is a no-annual-fee credit card offering cash back on various spending categories, including elevated rates for dining and drinking establishments, as well as for eligible gas, groceries, drugstore purchases, and pre-authorized payments. Cardholders benefit from purchase security and extended protection insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Household Income
- Extremely high cash back on bars and restaurants
- Solid cash back on groceries, drug store, gas and prepayments
- No annual fee
- Up to three additional cards free of charge
- Cash back applied as year-end statement credit
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
Rewards cash back
4%
Earn 4% on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year†
1.5%
Earn 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited
0.5%
Earn 0.5% on all other credit card purchases with no limit on how much you can earn†
Earn 8% cash back† for your first 3 months up to $1,000 in eligible spend.
†Terms and conditions apply. Click ‘Apply Now’ for complete details. Banking services are not available in Quebec.
Our Take
The Simplii Financial™ Cash Back Visa* Card is a no-annual-fee credit card offering cash back on various spending categories, including elevated rates for dining and drinking establishments, as well as for eligible gas, groceries, drugstore purchases, and pre-authorized payments. Cardholders benefit from purchase security and extended protection insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Household Income
- Extremely high cash back on bars and restaurants
- Solid cash back on groceries, drug store, gas and prepayments
- No annual fee
- Up to three additional cards free of charge
- Cash back applied as year-end statement credit
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
Rewards cash back
4%
Earn 4% on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year†
1.5%
Earn 1.5% on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year† - after that 0.5% unlimited
0.5%
Earn 0.5% on all other credit card purchases with no limit on how much you can earn†
Earn 8% cash back† for your first 3 months up to $1,000 in eligible spend.
†Terms and conditions apply. Click ‘Apply Now’ for complete details. Banking services are not available in Quebec.
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.
5% cash back
Welcome Bonus
$401
First Year Value
$276
Annual Value
Welcome Bonus: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.† Expires Jan 31, 2026
Get this card if you...
- want to earn cash back on everyday purchases
- value the flexibility to redeem cash back at any time
- value a great welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® Mastercard®* is a no-annual-fee credit card that allows cardholders to earn cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It offers flexible redemption options and includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
- No Annual Fee: A rare find in Canada for a cash back card
- A generous 3% cash back on groceries (up to $500 monthly)
- Easily redeem from $1, set up automatic redemptions, or use as a statement credit
- Additional perks include discounts on rentals, free supplementary cards and show discounts
- Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
- Monthly caps on top earn rates for groceries and recurring payments
- A 2% balance transfer fee applies
- The interest rate on the remaining balance transfer amount increases after the introductory period
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
0.99%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
Rewards cash back
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.†
Our Take
The BMO CashBack® Mastercard®* is a no-annual-fee credit card that allows cardholders to earn cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It offers flexible redemption options and includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
- No Annual Fee: A rare find in Canada for a cash back card
- A generous 3% cash back on groceries (up to $500 monthly)
- Easily redeem from $1, set up automatic redemptions, or use as a statement credit
- Additional perks include discounts on rentals, free supplementary cards and show discounts
- Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
- Monthly caps on top earn rates for groceries and recurring payments
- A 2% balance transfer fee applies
- The interest rate on the remaining balance transfer amount increases after the introductory period
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
0.99%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
Rewards cash back
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.†
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.
10% cash back
Welcome Bonus
$484
First Year Value
$384
Annual Value
Welcome Bonus: Earn 10% cash back for 2 months† (up to $100). Expires Aug 31, 2025
Get this card if you...
- want flexible cash back categories
- want unlimited cash back
- want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
- No annual fee
- Choose the spending categories where you want to earn the most cash back
- Unlimited cash back—no maximum spending limit for any purchase category
- Cash back is paid out monthly rather than annually
- Periodically includes a special welcome offer where you can get extra cash back
- 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
- Regular cash back rates are still lower than what you can get from a card with an annual fee
- Limited extra perks or benefits beyond the cash back and balance transfer promotion
- Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
- Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Earn 10% cash back for 2 months† (up to $100).
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
- No annual fee
- Choose the spending categories where you want to earn the most cash back
- Unlimited cash back—no maximum spending limit for any purchase category
- Cash back is paid out monthly rather than annually
- Periodically includes a special welcome offer where you can get extra cash back
- 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
- Regular cash back rates are still lower than what you can get from a card with an annual fee
- Limited extra perks or benefits beyond the cash back and balance transfer promotion
- Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
- Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Earn 10% cash back for 2 months† (up to $100).
✅ Is the Tangerine World Mastercard worth it?
Overall, we’re happy with the Tangerine World Mastercard®. The minimum income requirements are pretty high, and we’d expect that a World Mastercard would offer more travel insurance, but still, the $0 annual fee combined with the high regular earn rate makes it a very valuable and appealing card.
If you’re looking for a solid money-back card with rewards you can truly enjoy, which also offers exclusive experiences at home and abroad, the Tangerine World Mastercard® is a good choice.
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.
FAQ
*Terms and Conditions apply