Tangerine, a mainly online-only bank in Canada, offers two credit cards that are particularly attractive for Canadians as they both have no annual fee and offer customizable bonus categories while earning cash back.
Let’s take a look at both of Tangerine’s credit cards, the Tangerine Money-Back World Mastercard and the Tangerine Money-Back Mastercard to see if either of them are worth adding to your wallet.
Overview
Welcome Bonus
The Tangerine Money-Back World Mastercard currently has a welcome bonus in which new cardholders can earn $120 Cash Back:
- Earn $120 when you spend $1,500 in your first 3 months
Plus: You can earn an additional $160 FlyerFunds Rebate on the Tangerine Money-Back World Mastercard when you apply through Frugal Flyer Rebates!
The Tangerine Money-Back World Mastercard offers cardholders the ability to choose up to three accelerated spending categories to increase their cash back earnings.
Check out our Tangerine Money-Back World Mastercard review for more details.
Earn when you apply through Frugal Flyer.
$120 cash back
$1,500
$280+
$0
Yes
Jan 30, 2026
The Tangerine Money-Back Mastercard currently has a welcome bonus in which new cardholders can earn $100 Cash Back:
- Earn 10% back on up to $1,000 in everyday purchases made within your first 2 months ($100 value)
Plus: You can earn an additional $160 FlyerFunds Rebate on the Tangerine Money-Back Mastercard when you apply through Frugal Flyer Rebates!
The Tangerine Money-Back Mastercard offers cardholders the ability to choose up to three accelerated spending categories to increase their cash back earnings.
Check out our Tangerine Money-Back Mastercard review for more details.
Earn when you apply through Frugal Flyer.
$100 cash back
$1,000
$260+
$0
Yes
Jan 30, 2026
Earning Rates
The Tangerine Money-Back World Mastercard and Tangerine Money-Back Mastercard accrue cash back for all purchases made on these cards:
- 2% cash back on three money-back categories of your choice.
- 0.5% cash back on all other purchases.
Cardholders are able to select three categories in which they will receive the elevated 2% cash back. These categories include grocery, furniture, restaurants, hotel/motel, gas, recurring bill payments, drug store, home improvement, entertainment, and public transport/parking.
Cardholders are able to adjust their elevated 2% cash back categories whenever desired, however, it will take one billing cycle for the change to take effect.
Annual Fee
Both the Tangerine Money-Back World Mastercard and the Tangerine Money-Back Mastercard have no annual fee, making both cards a low-risk choice to add to your wallet.
Benefits
The Tangerine Money-Back World Mastercard and the Tangerine Money-Back Mastercard both offer a number of benefits for cardholders. While we have outlined them all below, we have also specified which card each benefit is available for.
Insurance Benefits
The Tangerine Money-Back World Mastercard and Tangerine Money-Back Mastercard both come with Purchase Assurance and Extended Warranty on purchases charged to the cards (to a maximum of $60,000 lifetime):
- Purchase Assurance: automatically covers loss, theft, or damage on most new insured items for 90 days from the date of purchase
- Extended warranty: double the period of repair services to a maximum of one year
In addition, the Tangerine Money-Back World Mastercard comes with additional insurance coverage:
- Collision, loss, and damage insurance on rental cars, up to a maximum of 31 days. Must charge the full cost of the rental to your card.
- Mobile device insurance on new cell phones, smartphones, or tablets. Covers up to $1,000 if your mobile device is lost, stolen, accidentally damaged, or experiences mechanical failure. Must charge full phone cost to your card, or charge all wireless bill payments to your card if purchased through a plan.
Redeeming Cash Back
Cash back rewards that are earned on the Tangerine Money-Back World Mastercard and Tangerine Money-Back Mastercard are paid monthly. The cash back will be issued either as a statement credit on the credit card account or as a deposit to a Tangerine savings account, depending on the cardholder’s preference.
Tangerine Money-Back Mastercard vs. Tangerine Money-Back World Mastercard: Which Is Best?
In general, you should apply for the Tangerine Money-Back World Mastercard, as it has no annual fee and a few extra benefits over the Money-Back card. However, if you make less than the minimum income requirements ($60,000 personal income or $100,000 household income), you will only be eligible for the Tangerine Money-Back Mastercard.
See the table below for a comparison of the key features and differences between the two cards.
| Card Features | Tangerine Money-Back Mastercard | Tangerine Money-Back World Mastercard |
|---|---|---|
| Number of 2% Earning Categories | 2 (increases to 3 with Tangerine Savings account) | 3 |
| Base Earn Rate | 0.5% | 0.5% |
| Annual Fee | $0 | $0 |
| Purchase Assurance + Extended Warranty | Yes | Yes |
| Collision, Loss, and Damage Insurance | No | Yes |
| Mobile Device Insurance | No | Yes |
Tangerine Mastercard & Tangerine Bank Account Synergy
When you sign up for a Tangerine credit card, you may also want to consider signing up for a Tangerine No-Fee Daily Chequing Account and/or a Tangerine Savings account (we also offer FlyerFunds rebates on Tangerine bank accounts for extra cash back).
These accounts are all free with no fees and provide an easier way to manage your cash and pay off your Tangerine credit card. All of your cashback from your credit card will also be deposited automatically into your savings account.
There are two other key benefits to combining a Tangerine credit card with their bank account(s).
- If you are only eligible for the base Tangerine Money-Back Mastercard, this card comes with only two 2% changeable categories. However, if you also have a savings account, then you will be granted three categories, on par with the Tangerine Money-Back World Mastercard.
- Tangerine bank accounts come with welcome bonuses of their own, including cash back on the Chequing account and an elevated interest rate on the Savings account.
Comparable Cash Back Credit Cards
There are a couple of credit cards in Canada that have no annual fee while still earning cash back, which should be considered if you are looking for alternatives to the Tangerine credit cards.
Simplii Financial Cash Back Visa Card
The Simplii Financial Cash Back Visa card has no annual fee and offers 4% cash back on all purchases made at restaurants, bars, and coffee shops (up to $5,000 spend per calendar year).
The Simplii Financial Cash Back Visa card earns 4% cash back on purchases at restaurants, bars, and coffee shops on up to $5,000 in spending per calendar year.
Check out our Simplii Financial Cash Back card review for more details.
$80 cash back
$1,000
$80+
$0
Yes
–
The card also earns 1.5% cash back on all purchases made at grocery stores, gas stations, drug stores, and on pre-authorized purchases (up to $15,000 spend per calendar year) and 0.5% cash back on all other purchases (with no limit on spend per calendar year).
Rogers Red World Elite Mastercard
The Rogers Red World Elite Mastercard is another credit card with no annual fee that earns cash back on all purchases. The card earns 3% cash back on all purchases made in US dollars, 2% cash back on all eligible purchases for Rogers, Fido, and Shaw postpaid customers, and 1.5% cash back on all other purchases.
With the Rogers Red World Elite® Mastercard Rogers, Fido, Shaw, and Comwave postpaid consumer customers can earn 2% cash back on all eligible purchases and get a 1.5x redemption bonus on Rogers, Fido, Shaw, and Comwave purchases – a 3% cash back value.
$0 cash back
$0
$0+
$0
Yes
–
The Rogers Red World Elite Mastercard also offers several insurance coverages. However, this card also requires a minimum annual personal income of $80,000 or a minimum annual household income of $150,000.
Conclusion
With their flexible and changeable 2% cash back categories, both the Tangerine Money-Back World Mastercard and Tangerine Money-Back Mastercard are solid options for a daily driver credit card in Canada. They are particularly useful if you have spending patterns that fluctuate in a predictable way from month to month, or if you have a large amount of spending in categories that aren’t well covered by available credit card options in Canada such as groceries, restaurants, or travel.
Frequently Asked Questions
Tangerine Orange Key is a referral code that you can share with your friends and family (or the internet). For each referral, you and the referee get $50. The orange key is valid for Tangerine Chequing and Tangerine Savings accounts.
Tangerine cash-back is automatically calculated and applied to either your card balance or redeemed directly into your Tangerine Savings Account if you have one. You can choose which option you want in your Tangerine account dashboard.
Tangerine cash back is deposited automatically once per month, the day after your billing cycle ends.
No, Tangerine credit cards have no cap on spending or cash back you can earn from purchases.
Reed Sutton
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I am considering tangerine accounts to bill pay from PayPower mastercard, as part of MS. So it would go:
1. Amex Cobalt groceries and Paypower reload
2. Bill pay from Paypower to Tangerine Mastercard
3. Recurring Bill-pay Tangerine Mastercard to Hydro/Gas providers for 2% back
4. Additional cash transfers from Tangerine mastercard to Tangerine chequing.
Is this workable, or is there a better way?
Thanks!
Hi Jim,
Yes that will work. Really its a personal choice, whatever credit card/bank you’re comfortable with. I was doing my PayPower to Tangerine for a long time, and then transferring the balance to my Tangerine checking account. Others send it to their LoC with the bank and transfer that to checking or spend it out. You can also bill pay to PC Financial and etransfer the money from there. Lots of options!