Tangerine World MasterCard is a credit card from Tangerine Bank that offers 0.50% cashback on all purchases. 

The card comes with no annual fee and zero hidden fees. Plus, it has no pre-set spending limit. Tangerine World MasterCard is designed for people who are looking for a card that offers a great balance of benefits and security.

Also, people love this card because they are happy knowing that their credit card is protected by a reputable company that is MasterCard and Tangerine. The bank also has a quick approval process so you can use the Tangerine World MasterCard right away for purchases and traveling. 

Rates and Fees of Tangerine World MasterCard

Annual Fee: Tangerine World MasterCard doesn’t charge any annual fees so you don’t have to worry about paying any hefty charge every year. 

Late Payment Penalty Fee: Fortunately, Tangerine World MasterCard doesn’t charge any late payment penalty fees to cardholders who forgot to pay their dues on time. 

Returned Payment Fee: Tangerine World MasterCard charges a returned or dishonored payment fee of $25. This is for cardholders who has an insufficient fund on their account which then created a failed transaction. 

Foreign Transaction Fee: Tangerine World MasterCard has a foreign transaction fee of 2.5% which means that this card is not really that great in case you want to use it for international purchases all the time. 

Interest Rate: The interest rates for purchases of Tangerine World MasterCard is 19.95% which is the same for the cash advance and balance transfer. But, as a promotional rate, interest rates for balance transfer is only 1.95% for the first 6 months of your card. 

Other fees: Tangerine World MasterCard charges an over limit fee of $25 so make sure that you are only spending within your credit limit. Moreover, they also charge a fee for rush card which is also $25. 

Qualifying for Tangerine World MasterCard

Minimum Credit Score needed:  In order to qualify for Tangerine World MasterCard, you need to have a good to excellent credit score which should be between 650 to 749. 

Annual Income requirements: For the annual income requirements of Tangerine World MasterCard, you need to have a personal annual income of $60,000 to be eligible for the card. 

How to apply for Tangerine World MasterCard?

In case you are intrigued to have a Tangerine World MasterCard, its application process is at ease. Just head to the official website of the bank, find Tangerine World MasterCard, and click ‘Apply Now’. You will then be redirected to online application form and you have to fill that out with your personal information. 

Tangerine World Bank will run a credit check on you including your annual income. Once you are approved, they will ask you to review the terms and conditions to agree upon. Sign the contract and you will be ready to use your Tangerine World MasterCard for the first time! 

Final thoughts

Credit cards give you the ability to purchase goods and services and make payments for them regardless of your current financial situation. You’ll need to have a credit card if you plan on buying a house in the future, as well as for everyday purchases. If you don’t have a credit card, you’ll need to find one that best fits your needs. This could mean looking for one with cash back or a specific type of rewards.

Tangerine World MasterCard has been available for years now and has been a great choice for Canadians. With a low interest rate and flexible repayment options, Tangerine World MasterCard is one of the best options on the market. This means that it has had a lot of success in Canada and consumers love it. The Tangerine World MasterCard is a credit card that is also designed to give you protection from MasterCard.