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Introducing The World Mastercard Tangerine

Introducing the World Mastercard Tangerine

To the point Tangerine has just announced the launch of a new cashback credit card: the World Mastercard Tangerine.

A new Tangerine credit card

Until now, Tangerine has offered the Tangerine Money-Back Credit Card, which we regularly ranked as one of the best cashback credit cards with no annual fee.

Today, Tangerine launches a new credit card also with no annual fees, the Tangerine World Mastercard.

A credit card with no annual fee

There are no annual fees. So it’s a card to keep from year to year to improve your credit report (on the historical aspect).

It thus becomes a card that we highly recommend, alongside its “little sister,” the Tangerine Money-Back Credit Card.

Personalized cash back categories

With that new card, Tangerine takes up the same concept as for its other card, the Tangerine Money-Back Credit Card.

You can choose to receive a 2% Money-Back Rewards on purchases in two categories of your choice.

So it’s not limited, like most other cash back credit cards to gas stations, grocery stores or pharmacies. You could, therefore, ask to get a 2% cashback on your day to day purchases where you shop the most!

Here are the categories:

  • Groceries
  • Furniture
  • Restaurants
  • Hotels and motels
  • Gas
  • Recurring bills payments
  • Drug Store
  • Home Improvement
  • Entertainment
  • Public transportation and parking
Introducing The World Mastercard Tangerine
Categories

As a cardholder, you automatically have the right to choose two categories.

If you are a Tangerine Bank customer, and you choose to Deposit your Rewards into a Tangerine Savings Account and get a third 2% Money-Back Category! If you’re not a customer, don’t hesitate to become a customer, it’s free as we explain here!

You can regularly change the types of shops where you get a 2% cashback, matching your consumption habits! It can be useful for travel (hotels), shopping for a new home (furniture, renovations) or drug stores expenses!

In other categories, you’ll get 0.5% cashback.

Cash back deposit

The cashback is deposited monthly on your credit card balance.

There is no annual limit to earn a 2% cashback!

The welcome offer

By applying for the World Mastercard Tangerine,you could get 4% cashback out of 2 to 3 categories of purchases you have chosen.

Introducing The World Mastercard Tangerine
Categories

This promotion, valid until January 31, 2020, is particularly attractive for those who plan to make significant purchases over the next three months:

  • Furniture
  • appliances (purchased from renovation stores)
  • Renovations
  • Hotels
  • Pharmacy
  • Recurring Bill payments
  • Restaurants
  • Grocery stores

Here are all the details of the card

Insurance

This new World Mastercard Tangerine is part of the “World Mastercard” family. So additional insurances are included compared to the Tangerine Money-Back Credit Card:

  • Rental Car Collision/Loss Damage Insurance
  • Mobile Device Insurance

Rental Car Collision/Loss Damage Insurance

The Rental Car Collision/Loss Damage Insurance provided by the World Mastercard Tangerine is exciting as it avoids paying this insurance from the rental company. A $20-25 saving per day of rental!

This insurance applies to car rentals up to a maximum of 31 consecutive days.

Mobile device insurance

Mobile insurance is also a great advantage offered by the World Mastercard Tangerine card. It covers new cell phones, smartphones or tablets that are:

  • Lost
  • Stolen
  • Accidentally damaged
  • Experienced mechanical failure

This coverage is up to $1,000.

Other protections

The World Mastercard Tangerine also offers other protections:

  • Extended Warranty which may double the period of repair services to a maximum of one year
  • Purchase Assurance to automatically cover loss, theft or damage on most new insured items for 90 days from the date of purchase

Access to the Mastercard Airport Experiences program, provided by LoungeKey

With the World Mastercard Tangerine, you get a complimentary membership to the Mastercard Airport Experiences program provided by LoungeKey. You can show your World Mastercard Tangerine at a LoungeKey airport lounge entrance to access it.

However, you’ll have to pay US$32 per visit.

If you would like free access to airport lounges, we recommend reading this strategy.

Conclusion

The World Mastercard Tangerine is for you if you are looking for a credit card

  • with no annual fee
  • offering cashback on categories YOU choose
  • with insurance protection for your rental cars or mobile phone purchases

This card requires a personal income of $60,000 or a household income of $100,000.

If you don’t have this level of income, we recommend the Tangerine Money-Back Credit Card, which offers the same feature of cashback categories choices!

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