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Tangerine World Mastercard®

Tangerine World Mastercard®

This offer is not available for residents of Quebec.

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Network Provider
Mastercard
Provider
Tangerine
Types
Rewards
Balance Transfer
No Fee
Annual fee
$0
Purchase interest rate
19.95%
Cash advance rate
19.95%
Balance transfer rate
1.95% 19.95% after 6 months
Credit Needed
Good (650-749)

Card description

  • 1.95% Balance Transfer promo for 6 months (with a 1% fee) † This is a New Client Transfer Promotion of 1.95% for 6 months with a 1% fee.
    • Clients will be eligible for this Balance Transfer promotion for 30 days after being approved for a Tangerine Credit Card
  • 2.5% Foreign Conversion Fee
  • No annual fee

Special Offer:

  • Take on the world, get an extra 10% back* on everyday purchases.
  • Earn an extra 10% back* for a limited time with a Tangerine World Mastercard.
  • Apply for a Tangerine World Mastercard® by September 14, 2021 and earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

Always-On Offer:

  • Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
  • Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
  • No limit on the amount of Money-Back Rewards you can earn.
  • Change your 2% Money-Back Categories to suit your spending.

Minimum personal income requirment: $60,000

About This Card

The Tangerine World Mastercard® is a no-fee rewards card that allows customers to earn 2% cashback in the three categories they’ve selected and 0.5% money back on all other purchases. 

Categories to choose from include, grocery, recurring bill payments, furniture, drug store, restaurants, home improvement, hotel-motel, entertainment, gas and public transportation. 

Rewards are earned automatically on everyday purchases, are paid monthly and can be applied to your credit card balance or redeemed into a savings account. 

Planning to spend more on groceries instead of dining out? No problem. Cardholders also have the option to change their categories to suit their spending choices.

This card also comes with a 1.95% rate on balance transfers for six months, and a slew of unique offers exclusive to Mastercard holders. 

This includes Mastercard’s Priceless Cities promotion, which allows cardholders to enjoy unique offers on an array of experiences around the world. While you're travelling, Boingo Wi-Fi for Mastercard Cardholders keeps you connected with access to over 1 million Wi-Fi hotspots around the world.

In addition to core benefits, the Tangerine World Mastercard® also includes mobile device insurance — which covers the cost of lost of stolen smartphones that were fully paid for with an eligible Mastercard — as well as rental car collision insurance and a number of travel perks.  Cardholders can also access special benefits and offers from a growing lineup of on-demand apps and subscription services.

Why get the Tangerine World Mastercard®? 

Get cash-back: The Tangerine World Mastercard® allows customers to earn 2%  cashback in the selected three categories. If you apply for a Tangerine World Mastercard® by Sept. 14, 2021, you can earn an extra 10% back* (up to $100) when you spend up to $1,000 in everyday purchases within your first 2 months.

Extended warranty and additional protection: The Tangerine World Mastercard® lets cardholders double the original manufacturer’s warranty for up to one year on eligible purchases when you pay with your Mastercard. Most purchases made with the Tangerine World Mastercard® are covered if the item is lost, damaged, or stolen within the first 90 days after purchase. 

Travel perks: Mastercard holders have access to a number of unique experiences around the world through Mastercard’s Priceless Cities program. Cardholders can also take advantage of Mastercard® Airport Experiences Provided by LoungeKey. Your complimentary membership gives you exclusive dining, retail and spa offers in over 400 airports worldwide, along with access to over 1,000 lounges at $32 USD per visit.

Insurance coverage: With the Tangerine World Mastercard®, cardholders also hold mobile device insurance and rental car collision insurance on top of the card’s core benefits. The cardholder’s smartphone is protected when you charge the full cost of the phone to your Mastercard, which covers up to $1,000 if the device is lost, stolen, accidentally damaged or experiences mechanical failure. Furthermore, cardholders are also protected if your rental vehicles are damaged or stolen for up to 31 consecutive days if you pay for the rental with your Mastercard. 

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General Terms:

Applicants must apply for the Card and must consent to a credit check. Accounts must be in Good Standing in order to receive Money-Back Rewards. See the Tangerine Money-Back Rewards Program Terms & Conditions for full details.

Balance Transfers are treated as Cash Advances and interest applies from the transaction date that appears on your monthly statement to the date you repay the balance in full. There is no interest-free grace period on Cash Advances or Balance Transfers.

Annual Interest Rates: The annual interest rate on Purchases and Cash Advances (including Balance Transfers) is 19.95%. Rates are subject to change. If you don't make 2 consecutive monthly Minimum Payments, or at any time thereafter, an interest rate of 24.95% will apply to your Account on Purchases and Cash Advances (including Balance Transfers).

Other Fees and Rates: These fees are charged on the day the transaction occurs (unless otherwise indicated): Cash Advance: $3.50 within Canada, $5 outside of Canada; Balance Transfer: 3% or minimum of $5 (unless reduced or waived) of the amount transferred when it is posted to your Account. Dishonoured Payment: $25; Rush Card: $25; Over-Limit: $25 (maximum one Over-Limit charge per monthly statement period); Past Statement Reprint: $5 per past statement. There is no charge for a reprint of your current monthly statement. Foreign Currency Conversion: When the converted transaction amount gets posted to your Account, we'll add a foreign currency conversion fee of 2.50% to the converted transaction amount.

See your Information Box in the application for full details. Rates and fees are subject to change.

*Rewards Promotional Offer:

The Tangerine 10% Limited Time Promotional Offer (the “Offer”) is only available to new Tangerine Credit Card Account holders who (i) apply for a Tangerine World Mastercard (the “Account”) by August 16, 2021, (ii) activate their Account within 45 days of approval, and (iii) have up to a maximum of $1,000 in total Net Purchases posted to their Account within the 60-day period beginning on the date the Tangerine World Mastercard is activated. “Net Purchases” include purchases charged to the Account (less any refunds, returns or other similar credits) but do not include payments, Cash Advances (including Balance Transfers and Cash-Like Transactions), interest, fees, insurance premiums, adjustments or other charges. The Offer Bonus of 10% (up to $100) will be credited to the Primary Cardholder’s Account within 1-2 statement cycles after the 60-day promotional period provided the Account is open and in Good Standing at time of payout. Limit of one Offer per eligible Client. This Offer is non-transferable. Offer may be changed, cancelled or extended at any time. All other Account terms, including the Tangerine Money-Back Rewards program terms, remain unchanged and continue to apply. See the Tangerine Credit Card Cardholder Agreement for more details, including definitions of any capitalized terms.

†Balance Transfer Promotional Offer at 1.95% for 6 months (1% Balance Transfer Fee)
A Promotional Interest Rate of 1.95% will apply immediately to any and all Balance Transfers made within 30 days of the Account opening, and will remain in effect for 6 Statement Periods from the date the last such Balance Transfer was posted to the Account (the “Promotional Rate Period”). If you still have an amount owing from your Balance Transfer when the Promotional Rate Period ends, the Cash Advance interest rate (currently 19.95%) will apply to that balance. A 1% Balance Transfer Fee will be charged on each Balance Transfer amount and will be immediately charged to your Credit Card. This Balance Transfer Fee is waived by Tangerine if you are a resident of the province of Québec at the time you accept this offer. To take advantage of this Promotional Offer, you must complete the Balance Transfer request within 30 days of Account approval. You must also activate your Card within 45 days of Account approval for the requested Balance Transfer to be processed, or the Balance Transfer will be automatically cancelled. Note that if your Balance Transfer amount(s) equal your available credit, then the Balance Transfer Fee will put your Account over your credit limit and may be rejected in whole or in part. Balance Transfers are treated as Cash Advances on your Card and do not have an interest-free grace period. Interest applies from the transaction date that appears on your statement for that Balance Transfer to the date you repay the Balance Transfer in full. It may take a few business days to complete the Balance Transfer request. You should continue to make payments to the other financial institution until the Balance Transfer appears on your statement. You must continue to make the Minimum Payments on your Account, regardless of whether the Balance Transfer has been processed to your Account. Interest does not accrue on the Balance Transfer Fee, however it is included in the Minimum Payment amount on your monthly statement. You must continue to make all of your monthly Minimum Payments by the Payment Due Dates shown on your monthly statements. If you don’t make your Minimum Payment by the payment due date as shown on 2 consecutive statements, your interest rate will increase to your higher standard rate that applies to the Account (currently 24.95%). If you pay more than your Minimum Payment on your statement, we’ll apply the excess amount of the payment to your balance proportionately based on the interest rate(s) applicable to each group of charges billed on your Account. Please see the Credit Card Cardholder Agreement for more information on how we apply payments to your Account.

We don’t charge interest on new Purchases that appear on your statement for the first time if we receive full payment of the Balance on your statement (including payment of any Balance Transfers included in that Balance), by the Payment Due Date on your statement. Balance Transfers may not be used to transfer money to or from another Tangerine Account. See the Information Box at tangerine.ca/creditcardlegal for full details.
Cash Advances (including Balance Transfers) do not earn Tangerine Money-Back Rewards. See the terms and conditions of the Tangerine Money-Back Rewards Program at Tangerine.ca/CreditCardLegal for full details on other items that do not earn Tangerine Money-Back Rewards.

Any of these offers may be changed or cancelled at any time without notice. Rates and fees are subject to change.

^Certain terms, conditions and exclusions apply. Full Mastercard World Benefit terms are available at mastercard.ca/world. For additional terms applicable to Boingo Wi-Fi for Mastercard, go to boingo.com/legal/end-user-license-agreement-boingo-customer-agreement/. For additional terms applicable to Mastercard Travel Rewards, go to mtr.mastercardservices.com/en/tnc. All Mastercard World Benefits are provided by Mastercard International or its affiliates or other third parties. Tangerine Bank is not responsible for any Mastercard World Benefits.
***Insurance coverage is underwritten by American Bankers Insurance Company of Florida (ABIC). ABIC, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®. ®Assurant is a registered trademark of Assurant, Inc. Coverage is subject to eligibility, limitations and exclusions. Details of the coverage, including definitions, benefits, limitations and exclusions are in the Certificate of Insurance provided with the Card.
‡Offers vary by location. See airport.mastercard.com or the Mastercard app for more details. For a full list of the Terms and Conditions of use, visit airport.mastercard.com/terms-of-use. The Mastercard Airport Experiences offers are made available to you through Mastercard. Tangerine Bank is not responsible for the Mastercard Airport Experiences or any offers made available under those offers. Fees for this benefit are subject to change by Mastercard. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Tangerine is a registered trademark of The Bank of Nova Scotia, used under licence.

Forward Banking is a registered trademark of Tangerine Bank.