$120 cash back
Apply Now$128
First-year value
$120
cash back
$0
Annual fee
Based on the minimum spend required to earn the full welcome bonus.
Last updated: January 30, 2026
The Tangerine® Money-Back World Mastercard®* has a uniquely flexible rewards structure which you can tailor to your spending patterns.
Canada’s 8 Best No Fee Credit Cards
Read more| Tier | Amount | Requirement |
|---|---|---|
| Spend threshold | $120 | $1,500 spend in 3 months |
Annual Fee
Free
Additional Card
Free
A no-annual-fee card with a welcome bonus this size is rare – most comparable offers come with fees or lower thresholds, making this a clean win for new cardholders who can align early spend with their chosen bonus categories.
| Category | Rate |
|---|---|
| Groceries | 2% |
| Gas | 2% |
| Travel | 2% |
| Bills | 2% |
| Dining | 2% |
| Bills | 2% |
| Everything Else | 0.5% |
Pick two categories that match your heaviest spend – grocery and gas for daily drivers, or travel and dining if you fly often – then use other cards for everything else since the 0.5% base rate trails the field.
Your earnings land as pure cash with zero conversion friction – a strength if you value liquidity over aspirational redemptions, but you forgo the leverage that transferable points programs deliver through strategic partner transfers.
Mobile device insurance
GeneralMobile device insurance alone justifies holding this card – pay your wireless bill here and you're covered for up to $1,000 per claim, a rare perk at the no-fee level that can save hundreds when you inevitably crack or lose your phone.
Underwritten by American Bankers Insurance Company of Florida
| Coverage | Maximum | Details |
|---|---|---|
| Emergency Medical | Not included | — |
| Trip Cancellation | Not included | — |
| Trip Interruption | Not included | — |
| Trip Delay | Not included | — |
| Baggage Delay | Not included | — |
| Baggage Loss | Not included | — |
| Rental Car | Included | Primary CDW · MSRP ≤ $65,000 · up to 31 days |
| Purchase Protection | Included | 90-day coverage |
| Extended Warranty | +1 year | — |
| Mobile Device | Included | $1,000/claim |
View Certificate of Insurance (PDF)
Primary rental car coverage with no annual fee is exceptional – you'll avoid filing through personal auto insurance and risking premium increases, though the $65,000 ceiling won't cover luxury vehicles.
$120 cash back
Apply NowLast updated: January 30, 2026
