Your guide to Tangerine’s Money-Back World Mastercard in Canada

The Tangerine® Money-Back World Mastercard® is a popular credit card for frequent travellers. You can earn cash back rewards and get access to special travel perks. However, you'll pay foreign currency conversion costs for international purchases using your card. You'll also need to look out for any transfer fees and interest charges.

We'll take a look at the Tangerine World Mastercard, covering everything you need to know about features, fees and insurance benefits. We'll also look at Wise, an alternative for spending in 150+ countries.

What does Tangerine's Money-Back World Mastercard offer to Canadians travelling abroad?

You can use your Tangerine Money-Back World Mastercard to earn attractive cash back offers in Canada and abroad. You can get 2% cash back in up to 3 different spending categories, as well as 0.5% cash back on all other purchases.¹

Here are some key features of the Tangerine World Mastercard:

• Choose 2% cash back categories that align with your most popular purchases
• Unlock a third 2% cash back category for extra rewards
• Access over 1300 airport lounges in more than 140 countries
• Get a complimentary 1GB Global Data Roaming Plan¹

The Tangerine Money-Back World Mastercard is aimed at Tangerine customers who regularly travel overseas. You can choose from cash back categories like foreign currency spend to earn money while you travel.

You can also change your 2% cash back spending categories every 90 days to best maximize your cash back earning potential.¹

Who can get Tangerine's Money-Back World Mastercard in Canada?

To be eligible for the Tangerine Money-Back World Mastercard, you'll need a personal income of 50,000 CAD or a household income of 80,000 CAD.

This compares to the eligibility requirements for Tangerine's regular Money-Back Credit Card, which only requires a personal income of 12,000 CAD.¹

What are the fees and exchange rates involved with using Tangerine's Money-Back World Mastercard?

There are a few fees for using your Tangerine Money-Back World Mastercard. Here are some of your costs at a glance.

The annual interest rate for purchases is 20.95%. However, if you don't make 2 consecutive monthly minimum payments, you'll pay a higher interest rate of 25.95%.

You can access promotional rates for some transactions. For example, you can access a promotional balance transfer fee of 1% and a promotional balance transfer interest rate of 1.95% on balances transferred in the first 30 days of opening your account.¹

Fees for using your Tangerine Money-Back World Mastercard outside Canada

Although the Tangerine World Mastercard is aimed at frequent travellers, you'll face additional fees for spending abroad. It's important to look out for these costs before using your credit card outside Canada.

When you spend money in a foreign currency, Tangerine will bill you in Canadian dollars. The provider will convert your transaction into Canadian dollars at the exchange rate provided by Mastercard.

You may not know how much this rate will cost until you see the transaction amount posted to your account, and it's likely to fluctuate with market changes.

Some transactions may be converted into another currency, such as US dollars, before being converted to Canadian dollars. Every time your money is converted, you'll pay Mastercard's exchange rate for the transaction.

Tangerine also adds its own fee to all foreign currency transactions. You'll pay 2.50% of your payment amount on top of your transaction, as well as any currency conversion charges.²

Spend in over 40 currencies at the mid-market rate with the Wise card

You can use your Wise card to spend money in multiple currencies and countries, all at the mid-market rate. Spend in 150+ countries or hold money in 40+ currencies at once.

Paying in local currency can help you save on currency conversion costs, as Wise won't need to convert your money into the right currency before you spend.

You can use your Wise card to:

• spend abroad in 150+ countries
• get 2 free cash withdrawals abroad (up to 350 CAD)
• pay using Apple Pay® or Google Pay® if you use the virtual card
• access security features like instant transaction notifications

You can order a physical card or pay with your digital card instantly. You can even add your Wise card to your mobile wallet for seamless, on-the-go spending abroad.

Using your Wise card abroad and don't have enough money in the local currency? No problem. Thanks to the Smart Conversion technology, money will be automatically deducted from the balance at the mid-market exchange rate.

Whether you're paying for groceries in the US or buying souvenirs in France, Wise can help.

What are the insurance benefits available with Tangerine's Money-Back World Mastercard?

You can use your Tangerine Money-Back World Mastercard to access a few key insurance benefits, including:

• purchase assurance
• extended warranty
• mobile device insurance
• rental car collision or loss damage insurance³

You can get up to 1000 CAD mobile device coverage, as well as damage and theft protection for car rentals. You can also get a lifetime maximum purchase assurance and warranty of up to 60,000 CAD.¹

You won't pay any additional fees for your insurance coverage, provided you are the primary Money-Back World Mastercard cardholder.³

Conclusion

Tangerine's Money-Back World Mastercard is a good choice for Canadians who love to travel. You can earn handy cash back rewards on regular purchases, including 2% cash back on up to 3 spending categories.

You can also get complimentary international data roaming access, free insurance coverage for mobile devices, and access to special travel deals.

If you want to use your credit card abroad, you'll need to look into Tangerine's foreign transaction fees. The provider charges 2.50% for international spending, with additional charges for currency conversion. These costs can add up over time.

To explore your low-cost global spending options, order a Wise card.

Sources verified on 21 April 2026