Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

TangerineCash Back Card

Tangerine Money-Back World Mastercard

Our take: a good no-fee pick if you meet the World tier’s income bar and most of your spending falls into two or three categories you choose (2% cash back there, 0.5% on everything else), plus a $120 welcome bonus.

#5 Sign-up bonus #5 No annual fee

Welcome bonus$120 cash back after $1,500 spend in 90 days

Apply on Tangerine’s site →

Goes straight to Tangerine
Our review

The Tangerine Money-Back World Mastercard is the higher-tier sibling of Tangerine’s standard no-fee Money-Back Mastercard, adding travel-oriented perks like discounted airport lounge access and mobile device insurance on top of the same customizable 2% cash-back categories. It carries a higher income/asset eligibility bar than the base card and suits Tangerine customers who qualify and want a bit more travel value without paying an annual fee.

4.0out of 5

MoneyMint rating

#5 of 34 no-fee rewards cards · How we rate

Rewards value

3/10

Insurance

6/10

Flexibility

10/10

Welcome bonus

2/10

Fee value

10/10

Perks

2/10

≈ $378

estimated first-year value after the annual fee, on a typical $2,050/month budget, if you pick groceries and gas as your 2% categories. See it for your spending →

At a Glance

Annual Fee

Foreign Transaction Fee

2.5%

Rewards

2% / 0.5%2% in 2 categories you pick (3 with a Tangerine Savings Account), 0.5% on the rest

Purchase APR 20.95% · Cash Advance APR 22.95%

Pros & Cons

Pros

2% cash back in up to 2 (or 3, with a savings-account redemption trade-off) chosen categories
0.5% cash back on everything else, no annual fee
Discounted Priority Pass-style lounge access via Mastercard Travel Pass by DragonPass
Mobile device insurance up to $1,000 (deductible not disclosed)
Complimentary 1GB global data roaming annually via FlexiRoam, plus a discount on more data
No spending caps on cash-back categories, per Tangerine’s official press materials

Cons

Higher eligibility bar than the base Money-Back card ($50,000 personal/$80,000 household income or $250,000 in Tangerine accounts, vs. just $12,000 income for the base card)
Only 2 bonus categories by default; a 3rd requires redirecting cash back to a Tangerine Savings Account instead of your credit card
0.5% base rate outside chosen categories
2.5% foreign transaction fee (partially, not fully, offset if you select Foreign Currency Spend as a category)
Lounge access terms (number of complimentary visits vs. pay-per-visit) and mobile insurance deductible aren’t disclosed on official pages
90-day hold period between category changes after your first change

Rewards & Earn Rates

2 (or 3) chosen categories2% cash back13 eligible categories incl. groceries, gas, restaurants, recurring bills; 3rd category requires redirecting rewards to a Tangerine Savings Account

All other purchases0.5% cash backbase/default rate

Official Tangerine pages don’t disclose the Mobile Device Insurance deductible or the exact lounge-access terms (complimentary visits per year vs. pay-per-visit pricing) for this card’s DragonPass benefit. Confirm both directly with Tangerine, or via the full Certificate of Insurance, before relying on either benefit.

Who It’s For

Best for

Existing Tangerine customers who meet the higher income/asset threshold and want added travel perks at no extra cost
Cardholders who’ll actually use the lounge access or mobile device insurance benefits
Anyone who wants Tangerine’s customizable cash-back categories with no annual fee

Not ideal for

Anyone who doesn’t meet the $50,000/$80,000/$250,000 eligibility bar (the base Money-Back Mastercard only requires $12,000 income)
Frequent foreign-currency spenders, since the 2.5% FX fee isn’t fully offset by the Foreign Currency Spend category
Big spenders outside their 2-3 chosen categories, where 0.5% is uncompetitive
Travelers who want guaranteed, clearly-defined lounge access terms rather than an unconfirmed benefit

Not Sure? Three Cards People Compare It With

All cash back cards →

Scotiabank Platinum American Express Card

Pick this instead if you spend abroad — it has no foreign transaction fee.

Fee $399Rating 4.0 ★Bonus $1,000

Read review

MBNA Rewards Platinum Plus Mastercard

Pick this instead if most of your spending is groceries (~2% est.).

Fee $0Rating 3.7 ★Bonus $100

Read review

Scotia Momentum Visa Card

Pick this instead if most of your spending is groceries (~2% est.).

Fee $49Rating 2.7 ★

Read review

Frequently Asked Questions

What is the annual fee for the Tangerine Money-Back World Mastercard?

The Tangerine Money-Back World Mastercard has an annual fee of $0.

What is the rewards rate on the Tangerine Money-Back World Mastercard?

The Tangerine Money-Back World Mastercard offers: 2% cash back in up to 2 (or 3, with a savings-account redemption trade-off) cardholder-selected categories from 13 eligible options; 0.5% cash back on everything else. No spending caps disclosed on official press materials.

Does the Tangerine Money-Back World Mastercard have a welcome bonus?

$120 cash back after at least $1,500 in total Net Purchases within the 90-day promotional period following activation. New cardholders only. Offer expires: applications must be submitted by November 30, 2026.

What credit score do I need to qualify for the Tangerine Money-Back World Mastercard?

Generally, you’ll want a very good credit score to be considered for the Tangerine Money-Back World Mastercard. Approval also depends on income and overall credit history, not credit score alone.

Does the Tangerine Money-Back World Mastercard charge foreign transaction fees?

2.5% (partially, not fully, offset if Foreign Currency Spend is chosen as a bonus category).