Tangerine Money Back Credit Card vs World Mastercard

Published July 25, 2024

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Last updated July 15, 2025

Written By

Kevin Shahnazari

Credit Card Expert

4 min read

Tangerine offers two credit cards: the Tangerine Money Back and the Tangerine World Mastercard.

You might think which is the better option and which one to go for. The good news is that in this blog, we will go through the differences and similarities of these two cards so that you can make your final decision easier.

The Differences and similarities:

Both these cards have no annual fee, the same reward system, and the same interest rate.

Both these cards have an Extended Warranty of up to one year and 90 days of Purchase protection insurance.

And even their welcome bonus is exactly identical ($100)!

But what is the most significant difference between these two?

The Tangerine World Mastercard has a few extra benefits that the Tangerine Money-Back card does not have. The benefits that Money-Back has that the Moneyback does not are:

Boingo-Wifi hotspot, which allows you to connect to over 1 million Wi-Fi Hotspots worldwide
Airport lounge access to +1300 Airport lounges with the Mastercard dragon pass. (Only the pass itself; complimentary visits are not included).
Car rental and theft insurance.

So if both these cards have no annual fee and the World Mastercard is a better version of the Money-Back card, why shouldn't you always go for the World Mastercard?

Well you always should IF you qualify! Because the Tangerine World Mastercard is a better card than the Tangerine Money-Back card. The reason Tangerine World Mastercard has those extra benefits is that it has higher credit score and income requirements and is not as easy to get as the Moneyback card. The Money-Back card requires a poor or above credit score and an income of $12K/year, but the World Mastercard requires a good or above credit score and either a personal income of $60K/year or a household income of $100K/year.

So, it ultimately boils down to whether you have the requirements to apply to the World Mastercard or not. If you do, then that's the best option, and if not, you can go to the Money-Back card.

Tangerine Money-Back Credit Card

4.4

Finly Rating

APPLY NOW

go to Tangerine's website

$50 $120 Cash Rebate From FinlyWealth expiring on

Welcome Bonus*

10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 months

Rewards Rate*

0.5% - 2%

Annual Fee*

Interest Rates

20.95%* / 22.95%*

RECOMMENDED CREDIT SCORE*

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Our Take

While we think Tangerine isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. This card only requires a Fair credit score, making it an excellent choice for people who don't have a high credit score yet.

Pros & Cons

Pros

Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.
2% cashback on recurring Transactions and pharmacy purchases. One of the highest cashback rates on these categories among credit cards in Canada.
Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.
Easy credit score requirements needed for this card.
Overall, it is a good no-annual-fee cashback credit card, especially if you have a Tangerine Savings account.

Cons

Insurance coverage is the most basic.
Very low cashback rate on the other categories not selected.

Card Details

Rewards*

2% on the choice of two categories chosen from the 10 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reoccurring Bill Payments, Home Improvement, Public Transportation and Parking).
Have your cash back Reward deposited in a Tangerine Savings Account and get a third 2% Money-Back Category.
0.5% cashback on all other credit card purchases.

Insurance*

Coverage*

Purchase Protection
90 days
Extended Warranty
Up to a year

Eligibility*

Credit Score
Good
Annual Income
N/A

^*11 Balance Transfer Promotional Offer at 1.95% for 6 months (1% Balance Transfer Fee) A Promotional Rate of 1.95% will apply 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”). 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. Balance Transfers are treated as Cash Advances on your Card and do not have an interest-free grace period. Balance Transfers may not exceed the available credit on the Account. If the Balance Transfer exceeds the available credit, the Balance Transfer transaction will not be processed. 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 Quebec at the time you accept this offer. 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 still have an amount owing from your Balance Transfer when the Promotional Rate Period ends, the Cash Advance interest rate of 22.95% will apply to that amount. You must continue to make the Minimum Payments on your Account, regardless of whether the Balance Transfer has been processed 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. This means you will pay interest on new purchases that appear on your statement for the first time unless we receive payment of your entire balance each month by the payment due date. For example, if you do a promotional (or non-promotional) balance transfer for $7,000 and spend $500 in new purchases during the same statement cycle, we must receive payment of the entire balance of $7,500 on or before your payment due date to avoid paying interest on your new purchases that month of $500. Balance Transfers may not be used to transfer money to or from another Tangerine Account. See the Tangerine Credit Card Cardholder Agreement for more information about how we apply payments to your Account. Check here for full details and current product information.

Tangerine World Mastercard

4.6

Finly Rating

APPLY NOW

go to Tangerine's website

$50 $120 Cash Rebate From FinlyWealth expiring on

Welcome Bonus

10% Cash Back (up to $100 value) + 1.95% balance transfer promo rate for 6 months

Rewards Rate

0.5% - 2%

Annual Fee

Interest Rates

20.95%* / 22.95%*

RECOMMENDED CREDIT SCORE

300

Poor

560

Fair

660

Good

725

Very Good

760

Excellent

Get your free credit score

Our Take

While we think Tangerine World Mastercard isn't the best single credit card to own, it's still a valuable card to have in your arsenal for maximizing your rewards. It offers one of the highest cashback rates for pharmacy and recurring bill payments, areas where your other credit cards might not provide significant rewards. For no annual fees

Pros & Cons

Pros

Allows you to change the categories, and you get a 2% reward depending on how your spending is changing every 90 days.
2% cashback on recurring Transactions and pharmacy purchases. One of the highest cashback rates on these categories among credit cards in Canada.
Has cashback on Furniture and Home Improvement categories. Two categories that are not covered by any other card in Canada.
Overall, it is a good no-annual-fee cashback credit card, especially if you have a Tangerine Savings account.
A few benefits such as free DragonPass for lounge access, Boingo Wi-Fi, and insurances like mobile insurance and car rental theft and damage insurance.

Cons

With these income and credit score requirements, there are cards with no annual fees that offer much higher rewards and benefits.
Very low cashback rate on the other categories not selected.

Card Details

Rewards

2% on the choice of two categories chosen from the 10 offered by Tangerine (Grocery, Restaurants, Gas, Entertainment, Furniture, Hotel-Motel, Drug Store, Reoccurring Bill Payments, Home Improvement, Public Transportation and Parking).
Have your cash back Reward deposited in a Tangerine Savings Account and get a third 2% Money-Back Category.
0.5% cashback on all other credit card purchases.

Insurance

Coverage

Purchase Protection
90 days
Extended Warranty
Up to a year
Mobile Device Insurance
$1000
Car Rental Damage & Theft
31 days

Benefits

Details

Airport Lounge - Dragon Pass
Pass only. No Complimentary visits!
Boingo Wi-Fi hotspot

Eligibility

Credit Score
Good
Annual Income
$60,000 personal or $100,000 household

^*Terms and conditions apply. Check here for full details and current product information.

Exploring the reward system of both Tangerine World Mastercard and Tangerine Money-Back

The most important aspect of the card is usually its reward system. As mentioned both these cards have the same reward system so you don't need to worry about that. But how does the reward system for these two cards work?

The Tangerine Money Back and World Mastercard both stand out with their unmatched feature: the ability to handpick categories for enhanced cashback. This unique offering ensures a customized cashback experience that's not available on any other card.

Here are your choices for categories:

Grocery
Furniture
Restaurants
Hotel-Motel
Gas
Recurring Bill Payments
Drug Store
Entertainment
Public Transportation
Parking

Both cards allow you to select two from the above list, rewarding you with 2% cashback in those areas. All other purchases net you 0.5% cashback.

Tangerine Reward Categories Highlights

The adaptability these cards offer regarding the cashback categories is one of their strongest suits. After activating your card, you have the autonomy to change your selected categories.

If you wish to modify them, a 90-day wait is required before your next adjustment. This flexibility can align with your varying spending habits. For example, if you foresee a spike in Furniture expenses, you can pivot your categories to capitalize on it and later revert or adjust based on your spending.

Pairing either of these cards with the Tangerine Savings account amplifies your rewards. By doing so, you get the luxury of selecting three categories to enjoy the 2% cashback, thereby maximizing your rewards.

Conclusion

If you have the Tangerine World Mastercard requirements ($60K personal or $100K household income and a good credit score), then you should always go for that card because it has more benefits, making it a better card than the Money back card.

But if you don't have those requirements, the Money back card is also a great card that you can start with to either build your credit score or, until you have a higher income, go for credit cards with higher requirements.

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