If you’re already a Tangerine client, you may have gotten an email last month inviting you to upgrade your Tangerine Money-Back Card to the new Tangerine World MasterCard.
If you did, you should definitely take it! The Tangerine World MasterCard offers all the same perks as the Tangerine Money-Back credit card, with extra benefits at no extra cost. This is definitely a worthwhile upgrade if you’re already a Tangerine customer, or you’re looking for an incredible no-fee cash-back card with travel perks to add to your wallet.
Tangerine World MasterCard Review
The Tangerine World MasterCard is Tangerine Bank’s premium credit card. It has higher credit score and household income requirements than the Tangerine Money-Back Card, but in return it offers perks that typical of a luxury travel credit card. However, unlike luxury credit cards, the Tangerine World MasterCard has no annual fee!
The Tangerine World MasterCard has all the core benefits as the Tangerine Money-Back Card, but with some extra perks.
I’ve had the Tangerine Money-Back Credit Card since it came out. It’s been an awesome no-fee, cash-back card for years. You can read a full review of the Tangerine Money-Back card here!
- Tangerine Bank Review
- The Best Cash Back Credit Cards in Canada
- KOHO Review: Spend Less, Save More, Budget Better
However, I’ll admit I don’t use my Tangerine credit card much because it doesn’t offer any benefits beyond cash-back. Instead, I’ve always kept it as my back-up or emergency credit card, in case my main card is lost or stolen.
But the new Tangerine World MasterCard provides some new benefits and no extra cost that could make carrying it around in your wallet worthwhile!
The Tangerine World MasterCard vs. the Tangerine Money-Back Credit Card
The Tangerine World MasterCard is a level-up from your regular Tangerine Money-Back Credit Card. It offers all the same core benefits of cashback, purchase assurance, extended warranty, and more.
Here’s how the two cards directly compare:
|Tangerine Money-Back Credit Card||Tangerine World MasterCard|
|Minimum personal income||$12,000||$60,000|
|Minimum household income||N/A||$100,000|
|Cash back offer||4% for 90 days, then 2% on two spending categories and 0.5% on all other purchases||4% for 90 days, then 2% on two spending categories and 0.5% on all other purchases|
|Interest Rate on Purchases||19.95%||19.95%|
|Interest Rate on Balance Transfer||1.95% for 6 months (19.95% thereafter)||1.95% for 6 months (19.95% thereafter)|
|Mobile Device Insurance||✓|
|Rental car collision||✓|
|MasterCard Airport Experiences||✓|
As you can see, the World MasterCard offers almost identical benefits to the Money-Back Card, except you get a few additional perks. If you think this doesn’t make much of a difference, remember the most important part: these extra benefits are at no extra cost!
Tangerine Mastercard Benefits
The main Tangerine Mastercard Benefits for both credit cards are as follows:
- unlimited cash-back on your spending
- purchase assurance
- extended warranty
Here’s a breakdown of the extra benefits of choosing the Tangerine world MasterCard over the Tangerine Money-Back Credit Card:
Mobile Device Insurance
If you’re upgrading a phone or tablet, make sure to charge the full cost to your Tangerine World MasterCard. You’ll be covered up to $1,000 if your mobile device is lost, stolen, accidentally damaged or experiences mechanical failure.
Want more tips to save on your next mobile upgrade? Check out 3 Quick Tips to Save Big on Your Next Cell Phone & Plan!
Rental Car Collision Insurance
As someone that frequently rents vehicles when traveling, rental car insurance has always been one of my favorite credit card perks. When you have rental car collision insurance through your MasterCard, you can decline that provided by the rental car provider. This saves money on your vehicle rental!
The Tangerine World MasterCard provides damage and theft protection for your car rental when you rent for up to 31 consecutive days and charge the full cost of your rental to your Card.
MasterCard Airport Experiences by LoungeKey
The Tangerine World MasterCard provides you with a complimentary LoungeKey membership. This gives you exclusive dining, retail and spa offers in over 400 airports worldwide. You’ll also get access to over 1,000 lounges at $32 USD per visit.
It looks like the days of $0 airport lounge visits have unfortunately ended. However, it might still be worth it to cough up the $32 USD to unwind on a comfy couch with good wifi and free food before a long flight.