The Tangerine World Mastercard has a uniquely flexible rewards structure which you can tailor to your spending patterns. It’s not a superb travel card, but it’s a good no-fee option for insurance on other purchases.
The Tangerine World Mastercard does not have a welcome offer at this time. Instead, Tangerine more frequently offers incentives for opening a chequing or savings account.
There is no annual fee, and supplementary cards are also free.
The Tangerine World Mastercard earns 2% cashback on up to three categories of your choice:
It earns 0.5% cashback in all other categories.
2% cashback is a generous offering for a no-fee card and being able to select your preferred categories make this a good card for every person since each is able to select their 2% cashback categories to match their spending patterns.
All cardholders can select two bonus categories. Plus, if you have Tangerine Savings account, you can add a third category at the 2% rate.
Cashback is paid monthly, applied either directly to your credit card balance or into your Tangerine Savings account.
This card includes a Mastercard LoungeKey membership, although visits are still US$32 each. Also, this card offers a free Boingo Wi-Fi membership.
Insurance is on par with the competition, with rental car insurance covering up to an MSRP of $65,000 and an extended warranty that doubles the manufacturer’s up to one additional year.
More interestingly, this card offers 90 days of purchase protection and mobile device protection to the tune of $1,000 every 2 years. In particular, mobile device insurance isn’t that common on cards with no annual fee, making this card stand out in that regard.