Tangerine World Mastercard

The Tangerine World Mastercard earns cash back and allows cardholders to choose three accelerated spending categories to increase their cash back earnings.

In 2024, we awarded this card as the Best No Annual Fee Cash Back Credit Card.

Check out our Tangerine World Mastercard review for more details.

Rewards Rates

The Tangerine World Mastercard accrues cash back for all purchases made on the card:

  • 2% cash back on all purchases in up to three 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.

Redeeming Cash Back

Money-back rewards that are earned on the Tangerine World 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.

Insurance Coverage

The Tangerine World Mastercard offers four types of insurance coverage:

  • Rental car collision, loss, and damage insurance
  • Mobile device insurance
  • Purchase assurance
  • Extended warranty insurance

Other Cash Back Credit Cards With No Annual Fees

Credit Card Welcome Bonus Net Value
BMO CashBack Mastercard 125 cash back $125 Apply
American Express SimplyCash Card 100 cash back $100 Apply
Simplii Financial Cash Back Visa Card 100 cash back $100 Apply
Tangerine Money-Back Credit Card 100 cash back $100 Apply
Rogers Red Mastercard 60 cash back $60 Apply

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10 comments on “Tangerine World Mastercard

  1. Is there a category that includes Costco/warehouse stores? P2 wants something that is more of a keeper card for use at Costco. She likes the perks we earn but needs it to be easy, no buying GC’s in order to go shopping.

    Reply
    • Last I heard it falls under other, so unfortunately not. Other options:

      • Rogers WE would be 2% or 3% if you are a Rogers customer
      • Brim card is 2% across the board but has a $199 annual fee
      • Get an Executive membership for 2% cashback from Costco
      Reply
    • Hi Yuan – you unlock a third 2% category when you have your Rewards deposited automatically into a Tangerine Savings Account.

      Reply
  2. “Earn 10% back on up to $1,000 in everyday purchases made within your first 2 months ($100 value)”

    Is this for all purchases made using this card or is this actually a category? I’m thinking of clearing the welcome bonus for an overdue car maintenance + a laptop, would those get 10%? Thanks.

    Reply
    • Hi Kylin,

      All purchases are eligible for the welcome bonus. Essentially, you will earn 10% on your first $1,000 in purchases.

      Reply