Tangerine's first premium credit card, the Tangerine Rewards World Elite Mastercard offers a choose your own rewards setup, earning you Scene+ points on every purchase.

You get to pick which categories earn you bonus rewards. It also offers a perk many love: free airport lounge access. Plus, spend enough each year, and you'll get a lump sum bonus on your anniversary.

The catch? The rewards are less than stellar when compared to other premium cards with similar annual fees.

Tangerine Rewards World Elite Mastercard rewards

The Tangerine Rewards World Elite Mastercard is a member of the Scene+ credit card family. It's a favourite rewards program of many Canadians.

Here's what you'll earn on your purchases:

• 1.5 Scene+ points per $1 spent in 3 reward categories of your choice
• 1 Scene+ point per $1 spent on all other purchases

Like other Tangerine credit cards, you get to choose which categories earn you bonus rewards. There are 13 categories you can choose from, covering basics like groceries to more specific spending areas other cars don't often cover, like e-gaming.

Based on our typical $3,000 monthly spend, where groceries, gas, and recurring bills are the highest expenses, you would earn approximately 43,650 Scene+ points per year with the Tangerine Rewards World Elite Mastercard.

You're also not stuck with your categories. When your spending habits change, this card can change with you. You can request to change 1 of your rewards categories every 90 days. It's not an instant change, once you make the request the change takes effect in 90 days.

Using your Scene+ points

Scene+ is one of the most flexible rewards programs in Canada. You not only have several ways to use your points, but the best options all carry the same value of 1 cent per point.

These are the high-value options:

• Travel through Scene+ Expedia
• Groceries at Sobeys/Safeway stores
• Gas at Shell
• Supplies at Home Hardware
• Tickets and concessions at Cineplex
• Meals at Recipe Unlimited restaurants

There are other ways to use your points – such as merchandise, statement credits, and gift cards – but they provide lower value.

Pros to the Tangerine Rewards World Elite Mastercard

There's plenty more to this card than just earning Scene+ points on your purchases.

1. Annual bonus

This card comes with annual bonus rewards. Every year you spend $30,000 on your Tangerine Rewards World Elite Mastercard, you'll get a 10,000-point bonus. That's almost enough to offset the $120 – if you can earn it.

2. Airport lounge access

All World Elite Mastercards come with a Mastercard Travel Pass membership, granting access to airport lounges around the world. Lounge entry itself isn't free and typically costs $32 USD. But the Tangerine Rewards World Elite Mastercard includes 4 free passes – an excellent perk while you're waiting at an airport.

3. Extensive purchase and travel insurance

The purchase and travel insurance for this card is quite good, with 12 types included. You can view all the details in the insurance section. One coverage we'll highlight is event ticket cancellation – this is a very rare coverage which will cover the cost of tickets you bought if you can't attend for a covered reason.

4. Big welcome bonus

There's a big chunk of points you can earn with a new account. You'll get 30,000 points after spending $3,000 in the first 3 months – a welcome bonus worth up to $30,000.

Cons to the Tangerine Rewards World Elite Mastercard

Keep these 2 things in mind with the Tangerine Rewards World Elite Mastercard.

1. Low rewards for a premium credit card

While Tangerine's point setup is very unique and gives you control over where you earn your bonus rewards, it comes with its drawbacks.

Namely, the rewards are less than what you'll get on comparable credit cards. You're only looking at a rate of between 1% to 1.5% on your purchases.

However, if you can earn the annual 10,000 point bonus that vastly improves your overall rewards.

2. High income requirements

As is typical of all World Elite Mastercards, you'll need a personal income of $80,000 or a household income of $150,000 to qualify.

Comparison to other Tangerine credit cards

Tangerine also issues a pair of no annual fee cash back credit cards. They are nearly identical, other than the World version adding a few more features and insurance.

Here's how all 3 Tangerine cards compare to each other, including an estimated annual rewards assuming a $3,000 monthly spend.

	Tangerine Rewards World Elite Mastercard	Tangerine Money-Back Credit Card	Tangerine Money-Back World Mastercard
Welcome Bonus	Up to 30,000 bonus points (terms)	$80 GeniusCash + 10% extra cash back for the first 2 months (terms)	$125 GeniusCash + $100 (terms)
Earn Rates	* 1.5 Scene+ points per $1 spent in 3 reward categories of your choice * 1 Scene+ point per $1 spent on all other purchases	* 2% cash back on purchases in up to 3 Money-Back Categories * 0.5% cash back on all other purchases	* 2% cash back on purchases in up to 3 Money-Back Categories * 0.5% cash back on all other purchases
Annual Rewards	$536.5 (includes the annual bonus)	$409.5	$409.5
Special Features	* 10,000 annual bonus * 4 free airport lounge passes * World Elite Mastercard benefits	* None	* World Mastercard benefits
Insurance Coverage	12 types	2 types	4 types
Annual Fee	$120	$0	$0
Income Requirements	* $80,000 personal * $150,000 household	* None	* $80,000 personal * $150,000 household
Annual Fee	$120	$0	$0
Learn More		Learn More	Learn More

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FAQ

What is the Tangerine Rewards World Elite Mastercard?

The Tangerine Rewards World Elite Mastercard is Tangerine's newest credit card. In a first for Tangerine, this card charges an annual fee and earns Scene+ points on purchases instead of cash back. Like other Tangerine credit cards, you get to pick which categories earn you bonus rewards.

What rewards does the Tangerine Rewards World Elite Mastercard offer?

The Tangerine Rewards World Elite Mastercard is a Scene+ credit card. This card earns you 1.5 points per $1 spent on your 3 chosen categories. There are 13 categories to choose from, including basics like groceries and gas and unique categories like furniture. All other purchases earn 1 point per $1 spent.

What are the annual fee and income requirements of the Tangerine Rewards World Elite Mastercard?

The $Tangerine Rewards World Elite Mastercard has a standard annual fee of $Tangerine Rewards World Elite Mastercard. The income requirements are high at $80,000 personal or $150,000 household, However, these are standard requirements to get approved for any World Elite Mastercard.