Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

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Tangerine World Mastercard

Tangerine World Mastercard

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Tangerine Money-Back Credit Card vs Tangerine World Mastercard: Which one is better?


Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card

4


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Tangerine World Mastercard

Tangerine World Mastercard

4.1


RECOMMENDED CREDIT SCORE

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$278.6


First Year Bonus Value

$100


Annual Fee

$0


First Year Value

$378.6

$278.6 in years after

Based on $2,000/mo average spending and assuming you have a Tangerine Savings account. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$278.6


First Year Bonus Value

$100


Annual Fee

$0


First Year Value

$378.6

$278.6 in years after

Based on $2,000/mo average spending and assuming you have a Tangerine Savings account. Calculate your rewards.

Insurance Included

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included

  • extended warranty

    Extended Warranty

    Up to a year
  • purchase protection

    Purchase Protection

    90 days

  • car insurance

    Car Rental Damage & Theft

    31 days
  • mobile device insurance

    Mobile Device Insurance

    $1000

Extra Benefits

N/A

Extra Benefits

  • alcohol cheers

    Airport Lounge - Dragon Pass

    Pass only. No Complimentary visits!
  • wifi signal

    Boingo Wi-Fi hotspot

Interest Rates

Purchase:

20.95%1

Cash Advance:

22.95%1

Balance Transfer:

22.95%1

Interest Rates

Purchase:

20.95%2

Cash Advance:

22.95%2

Balance Transfer:

22.95%2

Annual Fee

$0

Annual Fee

$0

Income Required

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required

Min Personal Income:

$60,000

Min Household Income:

$100,000

Welcome Bonus

In the first 2 months, get a bonus 10% cash back up to $100

Welcome Bonus

In the first 2 months, get a bonus 10% cash back up to $100

Rewards Rate

  • 2% on the choice of two categories chosen from the 10 offered by Tangerine
  • 0.5% cashback on all other credit card purchases.

Rewards Rate

  • 2% on the choice of two categories chosen from the 10 offered by Tangerine (3 if you have Tangerine's Savings account)
  • 0.5% cashback on all other credit card purchases.

Is this card worth it?

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.

Is this card worth it?

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

  • 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.

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

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

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.

Legal


1,2 The annual interest rate on Purchases is 20.95% and Cash Advances (including Balance Transfers) is 22.95%. Rates are subject to change. If you don't make 2 consecutive monthly Minimum Payments, or at any time thereafter, an interest rate of 25.95% will apply to your Account on Purchases and 27.95% on Cash Advances (including Balance Transfers).

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