Tangerine® World Mastercard®

Tangerine World Mastercard is a flexible credit card designed for everyday use. It comes with numerous exclusive perks and benefits and provides competitive cash-back rewards. As an upgrade to the Tangerine Money Back card, it delivers the same convenience and ease of use and brings some of the most appealing World Mastercard VIP benefits. The online application is simplified and streamlined, so if you meet the qualifications and eligibility requirements, you could have this card in your wallet in no time.

Who Is This Card for?

This card is designed for responsible users who want to increase their savings and enjoy the benefits of using a card from the Mastercard network for their everyday purchases. It’s primarily aimed at those with a good or excellent credit score. However, anyone who meets the eligibility criteria can apply, even if they have a fair or poor credit score.

How to Qualify?

To qualify for the card, you need to be a legal permanent Canadian resident, at least 18 years old (19 in some provinces), and you need to have a minimum income of $60,000. In case you don’t meet the income requirement, you could get approved for the card if you have a household income of at least $100,000, or if you have over $250,000 in your savings account or investment funds account from Tangerine.

Tangerine World Mastercard Benefits

• Cash-back rewards. The most appealing benefit of the Tangerine World Mastercard is the generous 2% money-back reward on everyday purchases from up to three selected categories. Tangerine offers you ten options to choose from, gas, recurring bill payments, public transportation and parking, home improvement, groceries, and more. For categories that aren’t in your top three choices, you’ll receive a 0.5% money-back reward.
• No annual fee. The card does not have an annual fee and its a very attractive benefit.
• Mobile device insurance. The card has a rare insurance type that will protect your mobile device up to $1,000 if it gets lost, stolen, damaged, or experiences mechanical failure.
• Free Wi-Fi hotspots. This card will keep you connected with over 1 million hotspots worldwide via Boingo Wi-Fi network.
• Free authorized users. Tangerine will give up to 5 free cards for authorized users on your account.

Are There Any Disadvantages?

• High qualification requirements. The biggest disadvantage of the Tangerine World Mastercard is the high qualification requirements. If you don’t have an individual income of $60,000 or a household income of $100,000, you won’t qualify for the card.
• High fees. If you’re late for your payments or take out cash advances, be prepared to pay high-interest rates and fees. While the card doesn’t have an annual fee, it does have other fees that are slightly higher than average, so keep this in mind.
• Foreign currency conversion fees. This Tangerine credit card has an international transaction fee and is not a great option to make purchases outside Canada or use it for international travel.

Should You Use Tangerine World Card?

If you meet the eligibility criteria and find the card’s features and perks appealing, you should apply for Tangerine World Mastercard. As long as it’s used responsibly, the card can provide you with supercharged savings and additional perks you won’t find elsewhere. You can add up to five authorized users to your account and benefit from the additional savings you’ll get with the cash-back rewards.