How to Apply Tangerine World Mastercard

It has been more than 20 years since Tangerine Bank first opened its doors for business under the name ING DIRECT. Today, the company is a wholly-owned subsidiary of The Bank of Nova Scotia, as well as a CDIC member in a manner of its own. There is a separate layer of protection afforded to eligible deposits of up to one hundred thousand dollars per category at The Bank of Nova Scotia.

Tangerine Bank background and profile

Tangerine Bank is not your normal financial institution, and one of their guiding principles is “no unfair fees”, “no overly complicated products”, “no expensive physical branches”, in point of fact, they are a fully digital bank where customers can interact with them via online banking, mobile banking, or over the phone. Free access is provided by Tangerine Bank to more than 3,500 automated teller machines (ATMs) that are part of the Scotiabank Network.

Their alternative to traditional banking mirrors the preferences of a significant number of Canadians in the present day. A considerable portion of the Canadian population recognizes the feasibility of achieving safe, secure, and inventive banking through a more straightforward approach. Given the strong resonance between their vision and the banking expectations of Canadians, they continue to maintain their position as the foremost direct bank in Canada.

By the year 2016, Tangerine had amassed a client base exceeding 2 million individuals, possessed assets totaling $39 billion, and distributed a cumulative interest amount surpassing $7.40 billion to date (inclusive of a noteworthy $424 million in interest payments during the year 2016 alone).

Contact Tangerine

3389 Steeles Avenue East, Toronto, Ontario M2H 0A1 – Institution #614 – Transit #00152

Calls from within Canada 24 hours a day, 7 days a week at 1‑888‑826‑4374
Calls from outside Canada – Call collect at 416‑758‑3139

Benefits of Tangerine World Mastercard

The Tangerine World Mastercard is a credit card that offers cash back rewards. It comes with all the great benefits of the Tangerine Money-Back Credit Card, such as customizable categories, unlimited Money-Back Rewards put into your Account monthly, and no annual fee, in addition to additional perks.

As this article is being written, we are able to notice that there is a promotional deal currently running for new signups. You have until October 31, 2023, to submit your application for a Tangerine World Mastercard®. If your application is accepted, you will be eligible to earn an additional 10% cash back on up to $1,000 in qualifying everyday purchases purchased within your first two months of card membership.

Keeping in mind that there is no annual fee, here are some of the main benefits for using the Tangerine World Mastercard:

Cash back earnings

Receive 0.50% Money-Back Rewards on all of your other everyday purchases, in addition to earning 2% Money-Back Rewards in two categories of your choosing that provide 2% Money-Back Rewards.

Gaining more Rewards

If you have your Rewards credited directly to your Tangerine Savings Account, you will receive a 2% bonus in a third category of your choosing.

Boingo Wi-Fi, exclusively for Mastercard customers

Your Tangerine World Mastercard gives you access to over one million Wi-Fi hotspots all over the world through Boingo Wi-Fi, allowing you to stay connected wherever you go.

Rewards Program for Mastercard Travel

If you use your Tangerine World Mastercard in any of the specific businesses that accept Mastercard while you are traveling outside of Canada, you will be eligible for Mastercard Travel Rewards, which will allow you to unlock cashback incentives and receive a rebate that will be paid immediately to your bill.

Services Available on Demand and Via Subscription

Use your Tangerine World Mastercard to get discounts on the things you really care about. As a cardholder of the Tangerine World Mastercard, you will have access to a growing selection of on-demand apps and subscription services, which will provide you with access to exclusive advantages and incentives.

Travel Pass

Utilize Mastercard Travel Pass offered by DragonPass to get the most out of your trip. Your free membership entitles you to special dining, shopping, and spa offerings in more than 650 airports across the world as well as $32 USD per visit access to more than 1,300 airport lounges.

Tangerine World Mastercard also offers a good selection of perks. Among them, we’d like to mention:

• Insurance for car rentals (up to 31 days) when charged to your Card.
• Coverage for new mobile devices (up to $1,000) on Card purchases or wireless bill payments.
• Pause Card online if misplaced.
• 1.95% interest on transferred balance for 6 months (then 19.95%), with 1% fee.
• Unlimited Money-Back Rewards on everyday purchases.
• Track and categorize spending for better financial awareness.

Who’s eligible for the Tangerine World Mastercard

One of the following Tangerine World Mastercard requirements must be satisfied by you:

• A yearly gross income of at least $60,000
• A gross household revenue of at least $100,000
• Tangerine Savings Account and/or Investment Fund Account total amounts of at least $250,000.

You must also be:

• Be of legal age (either 18 or 19 years old) according to where you are resident in Canada
• A Canadian citizen or permanent resident
• With no bankruptcy filings in the last seven years.

How to obtain the Tangerine World Mastercard

If you have a Tangerine Money-Back Credit Card, just sign in, go to your Credit Card Account, and click ‘Upgrade Card’ to see if you can get an upgrade.

If you don’t have a Tangerine Credit Card yet, you can apply right here.

Our Opinion

Cardholders of the Tangerine World Mastercard are granted access to a variety of benefits, including mobile insurance for $1,000, rental car insurance at $65,000 for 31 days, and Mastercard airport experiences. Individuals who frequently rent cars and who also own smartphones can benefit from purchasing any of these insurance packages. In addition, if you have a Mastercard LoungeKey membership, you will have access to premium airport lounges at a reduced price in locations all over the world.

Overall, the Tangerine World Mastercard is a good pick due to the cash back benefits and other perks that come with using the card.