Review: Tangerine Money-Back World Mastercard
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The Tangerine® Money-Back World Mastercard®* is one of the most popular credit cards in the country for cash back. It offers an excellent balance between simplicity and flexibility. With its 2% categories, it is perfect for users who want to maximize their returns without annual fees. This card also stands out for its protections and practical features for daily use.
Discover how to maximize this card based on your spending profile.
Tangerine has offered two credit cards for many years.
First, the Tangerine Money-Back Credit Card, which is among the best no-annual-fee credit cards in Canada.
Tangerine also offers another no annual fee credit card, the Tangerine® Money-Back World Mastercard®*. Here is the current welcome offer:
Tangerine® Money-Back World Mastercard®*
If you have an individual income of $50,000 or a household income of $80,000, you can choose the Tangerine Money-Back World Mastercard®* from Tangerine®.
This credit card has no annual fee and earns cash back on your everyday purchases. With the current offer, you can get $120 when you spend $1,500 in your first three months††.
You earn unlimited 2% cash back in 2 categories of your choice and 0.5% on all other purchases. Plus, you can add a third 2% category when your cash back is deposited into a Tangerine savings account.
Choose from 13 spending categories (groceries, gas, restaurants and more) and change them every 90 days to match your spending habits◊.
The card also includes useful protections, including purchase assurance and extended warranty5, as well as mobile device insurance and coverage for rental vehicles5.
Finally, you can transfer balances from high-interest credit cards and enjoy a promotional rate of 1.95% for 6 months (a 1% transfer fee applies)11.
Fuel savings at Shell
All Tangerine cardholders can get fuel discounts and rewards at Shell and with Scene+™ by linking their cards to their Shell Go+ account. Get up to 8¢/L in value with a linked Tangerine Money-Back World Mastercard or Money-Back Credit Card:
- Instant discount of 3¢ per litre on all types of Shell fuel.
- Up to 3¢ per litre back when gas is selected as a 2% category.
- 1¢ per litre in Scene+ points value™ on all types of Shell fuel, or 2¢ per litre in Scene+ points value™ on Shell V-Power fuel® when your Scene+ account™ is linked to Shell Go+.
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$120Total$120Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $120
- Welcome offerAfter $1,500 in 3 months
- $120 cash back
- Ends Nov 30, 2026
Apply Now
on Tangerine's website
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).
The Tangerine® Money-Back World Mastercard®* is a card we highly recommend, alongside the Tangerine Money-Back Credit Card.
Personalized Cash Cack Categories
With both Tangerine credit cards, you earn 2% money back on everyday purchases in up to 3 categories of your choice. They are the only ones in Canada to offer this choice!
So it’s not limited, like most other cash back cards, to categories such as gas stations, grocery stores, pharmacies, etc. So you could ask to earn 2% cash back on purchases at stores where you shop the most!
Here are the 13 available categories:
- Grocery
- Furniture
- Restaurants
- Hotels-motels
- Gas
- Recurring bill payments
- Pharmacy
- Home Improvement
- Entertainment
- Public transportation and parking
- E-Games
- Fitness and Sports Clubs
- Foreign Currency Purchases
By being a cardholder of one of these cards, you automatically have the right to choose two categories.
If you are a Tangerine Bank client and choose to deposit your cash back into your Tangerine savings account, you can choose a 3rd category ! If you are not a client, do not hesitate to become one; it’s free, and you could receive a welcome bonus as we explain here!
In other categories, you’ll get 0.5% cash back.
Cash Back Payout
The cash back is deposited monthly on your credit card balance.
There is no annual limit to how much cash back you can keep earning at the 2% rate.
Insurance
Another highlight of the Tangerine® Money-Back World Mastercard®* is its purchase insurance.
It offers:
- Purchase protection (for 90 days)
- One-year extended warranty
And that applies to your purchases made anywhere in the world with your card.
The Tangerine® Money-Back World Mastercard®* also offers other insurance coverages:
- Collision/rental car damage insurance
- Mobile Device Insurance
Rental Car Collision/Loss Damage Insurance
The rental car collision/damage insurance provided by the Tangerine® Money-Back World Mastercard®* is very valuable, as it allows you to avoid paying for this insurance with the rental company. A savings of $20-25 per rental day!
This insurance applies to car rentals for up to 31 consecutive days.
Mobile Device Insurance
Mobile device insurance is also a great benefit offered by the Tangerine® Money-Back World Mastercard®*. This provides coverage for new phones, smartphones, or tablets in case of:
- Lost
- Stolen
- Accidentally damaged
- Experienced mechanical failure
This coverage is for a maximum amount of $1,000.
Access to the Mastercard Airport Experiences program, provided by LoungeKey
With the Tangerine® Money-Back World Mastercard®*, you can access the Mastercard Airport Experiences program provided by LoungeKey. You can present your Tangerine® Money-Back World Mastercard®* at the entrance of an airport lounge to gain access.
However, each access will be charged at a cost of USD 32 per visit.
Conclusion
The Tangerine® Money-Back World Mastercard®* is for you if you are looking for a credit card:
- No annual fee
- Offering cash back in one of the 13 categories you choose
- With insurance coverage for your car rentals or mobile device purchases
This card requires a personal income of $50,000 or a household income of $80,000.
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$120Total$120Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $120
- Welcome offerAfter $1,500 in 3 months
- $120 cash back
- Ends Nov 30, 2026
Apply Now
on Tangerine's website
If you don’t meet this income requirement, we recommend applying for the Tangerine Money-Back Credit Card, which offers the same ability to choose your cash back categories!
- Annual fee
- $0
- Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$100Total$100Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.
- $100
- Welcome offerAfter $1,000 in 2 months
- Up to $100 cash back
- Ends Nov 30, 2026
Apply Now
on Tangerine's website
Finally, combine Tangerine product offers to maximize cash back, savings rates, and benefits, through a simple and effective strategy.
What are the benefits of the Tangerine® Money-Back World Mastercard®*?
It offers 2% cash back in three categories of your choice and 0.5% on other purchases, with no annual fee.
What are the conditions for obtaining the World Mastercard version?
A personal income of at least $50,000 or a household income of $80,000 is required to be eligible.
Can I change my cash back categories?
Yes. You can change your categories every 90 days in the Tangerine mobile app or your client area.
Is the cash back paid out automatically?
Yes. Your cash back is deposited monthly into your Tangerine account or applied to your card balance.
Frequently Asked Questions about the Tangerine® Money-Back World Mastercard®*
Here are frequently asked questions in the milesopedia community about this card.
What is the cash back structure of the Tangerine® Money-Back World Mastercard®*?
The Tangerine® Money-Back World Mastercard®* allows you to choose 2 categories at 2% cash back from 13 available options: groceries, furniture, restaurants, hotels, gas, recurring bills, drugstores, home improvement, entertainment, public transit and parking, video games, fitness, and foreign currency purchases. A 3rd category at 2% is added if you deposit your cash back into a Tangerine Savings Account.
What is the current welcome bonus on the card?
The Tangerine® Money-Back World Mastercard®* currently offers $120 in cash back after spending $1,500 in the first 3 months following account opening. For a household already spending approximately $500 per month on groceries and restaurants, the MSR is easy to reach, and the bonus adds to the 2% on chosen categories, boosting the first-year return to approximately 8.7% on that $1,500.
What are the minimum income requirements for the Tangerine® Money-Back World Mastercard®*?
For the World version of the Tangerine® Money-Back World Mastercard®, Tangerine requires a personal income of $50,000 or a household income of $80,000. If you do not meet these thresholds, the standard Tangerine® Money-Back Mastercard® offers exactly the same cash back structure with reduced income requirements ($12,000 annually), making it very accessible to students and newcomers.
Why choose the Tangerine® Money-Back World Mastercard®* over a fixed-category cash back card?
The Tangerine® Money-Back World Mastercard®* is unique because you can change your categories every 90 days. If your lifestyle changes—welcoming a baby, buying a home, returning to school—you adapt your card without requesting a new one. The card also includes 90-day purchase protection, a one-year extended warranty, mobile device insurance, and rental car collision insurance.