Tangerine World Mastercard

The credit limit on a Tangerine World Mastercard can vary for each individual cardholder. The specific limit is determined by several factors, including the applicant’s credit history, income, and overall creditworthiness. When applying for the card, Tangerine evaluates these factors and assigns a credit limit that aligns with the individual’s financial profile. It is important to note that the credit limit may be subject to periodic reviews and can be adjusted by Tangerine based on factors such as payment history and credit utilization. To get the most accurate information regarding your specific credit limit, it is advisable to contact Tangerine directly or refer to the credit card agreement provided by the issuer.

What is special about World Mastercard?

World Mastercard is a premium tier of Mastercard, offering a range of enhanced benefits and privileges compared to standard credit cards. Here are some key features that make World Mastercard special:

1. Global Acceptance: World Mastercard is accepted worldwide, making it convenient for international travelers and those who frequently engage in cross-border transactions. It allows cardholders to make purchases and access cash advances at millions of locations globally, wherever Mastercard is accepted.

2. Premium Travel Benefits: World Mastercard provides an array of travel-related perks and protections. These may include travel insurance coverage for medical emergencies, trip cancellation, and interruption, as well as baggage delay or loss protection. Cardholders may also have access to airport lounge programs, concierge services, and exclusive travel offers and discounts.

3. Priceless Experiences: World Mastercard offers access to Priceless Experiences, which are unique events and opportunities available to cardholders. These experiences can include VIP access to concerts, sports events, culinary experiences, and more. Such exclusive offers aim to enhance cardholders’ lifestyles and create memorable moments.

4. Enhanced Security: World Mastercard emphasizes security features to protect cardholders’ financial transactions. This includes advanced fraud protection measures, such as Mastercard Zero Liability Protection, which safeguards against unauthorized transactions. Additional security features like Mastercard ID Theft Protection™ and Mastercard SecureCode™ add an extra layer of protection against identity theft and online fraud.

5. Personal Assistance: World Mastercard holders often have access to a dedicated concierge service. This service provides personalized assistance for various tasks, such as booking travel arrangements, making restaurant reservations, or obtaining event tickets. The concierge service aims to simplify and streamline the cardholder’s day-to-day activities.

6. Merchant Offers and Discounts: World Mastercard frequently collaborates with partner merchants to provide exclusive offers and discounts. These can range from special deals at luxury retailers to discounts on dining, entertainment, and travel. These partnerships allow cardholders to enjoy savings and privileges at various establishments.

It’s important to note that the specific benefits and features of World Mastercard may vary depending on the issuing bank and the individual cardholder’s credit profile. Cardholders are encouraged to review the terms and conditions provided by their card issuer to understand the full range of benefits associated with their World Mastercard.

What are the requirements for Tangerine world?

The specific requirements for obtaining a Tangerine World Mastercard may vary based on the policies and criteria set by Tangerine, the issuer of the card. However, here are some general factors that are typically considered when applying for a Tangerine World Mastercard:

1. Good Credit History: Having a strong credit history is often an important requirement for being approved for a Tangerine World Mastercard. This includes factors such as a demonstrated history of responsible credit card use, on-time payments, and a low credit utilization ratio.

2. Minimum Income: Tangerine may have a minimum income requirement for applicants. The specific income threshold can vary and may depend on factors such as the applicant’s creditworthiness and the desired credit limit. A higher income can increase the likelihood of approval and may also influence the assigned credit limit.

3. Canadian Residency: Tangerine World Mastercard is typically available to Canadian residents only. Applicants must provide proof of residency, such as a Canadian address and a valid Canadian government-issued identification.

4. Age Requirement: Applicants must typically be at least 18 years old to be considered for a Tangerine World Mastercard. Some issuers may have higher age requirements.

It’s important to note that meeting these requirements does not guarantee approval for a Tangerine World Mastercard. The final decision rests with Tangerine, and additional factors such as employment status, debt-to-income ratio, and other financial obligations may also be considered during the application process. To get the most accurate and up-to-date information on the specific requirements for a Tangerine World Mastercard, it is advisable to visit the Tangerine website or contact their customer service directly.

Is it hard to get a Tangerine credit card?

Obtaining a Tangerine credit card, including the Tangerine World Mastercard, typically requires meeting certain eligibility criteria. While the specific difficulty of obtaining a Tangerine credit card can vary depending on individual circumstances, here are some factors to consider:

1. Credit History: Tangerine generally looks for applicants with a good credit history. This includes factors such as a solid payment history, a low utilization ratio, and a limited number of late payments or delinquencies. If you have a strong credit history, it may increase your chances of being approved for a Tangerine credit card.

2. Income and Debt-to-Income Ratio: Tangerine may consider your income level and debt-to-income ratio when evaluating your credit card application. They may have minimum income requirements or assess whether your income is sufficient to manage the credit limit requested. A higher income and a lower debt-to-income ratio can potentially improve your chances of approval.

3. Canadian Residency: Tangerine credit cards are typically available to Canadian residents only. You will need to provide proof of Canadian residency, such as a Canadian address and valid identification.

4. Other Factors: Tangerine may consider additional factors during the application process, such as employment status, length of employment, and other financial obligations.

It’s important to note that meeting these requirements does not guarantee approval for a Tangerine credit card. The final decision rests with Tangerine, and they may have their own specific criteria and evaluation process.

If you are unsure about your eligibility or have concerns about your creditworthiness, it is advisable to contact Tangerine directly or consult with their customer service representatives. They can provide you with more accurate information based on your individual circumstances and guide you through the application process.

What is the foreign conversion fee for Tangerine World Mastercard?

the Tangerine World Mastercard does not charge foreign transaction fees. This means that when you use your Tangerine World Mastercard for purchases made in a foreign currency, you should not incur any additional fees or charges for currency conversion.

However, it’s important to note that foreign exchange rates can still apply. When you make a purchase in a foreign currency, the exchange rate used to convert the transaction amount into Canadian dollars is determined by Mastercard. This rate may fluctuate and could impact the final amount you see on your credit card statement.

To get the most accurate and up-to-date information on the foreign conversion fees and exchange rates associated with the Tangerine World Mastercard, I recommend referring to Tangerine’s official website or contacting their customer service directly. They will be able to provide you with the latest details regarding foreign currency transactions and any associated fees, if applicable.

Can I use my Tangerine card overseas?

Yes, you can use your Tangerine credit card, including the Tangerine World Mastercard, for purchases and transactions overseas. Tangerine credit cards are generally accepted worldwide wherever Mastercard is accepted, making them convenient for international travel and cross-border transactions.

When using your Tangerine card overseas, it’s important to keep in mind the following:

1. Acceptance: Mastercard is widely accepted globally, but it’s always a good idea to have a backup payment method like cash or another credit card, as acceptance may vary depending on the country and establishment.

2. Foreign Currency Transactions: When you use your Tangerine card for purchases made in a foreign currency, the transaction amount will be converted into Canadian dollars using the exchange rate determined by Mastercard. It’s important to be aware that foreign exchange rates can fluctuate, and there may be a small difference between the conversion rate used and the market exchange rate.

3. Foreign Transaction Fees: As of my knowledge cutoff in September 2021, the Tangerine World Mastercard does not charge foreign transaction fees. This means you should not incur additional fees for purchases made in a foreign currency. However, it’s always a good idea to confirm the most up-to-date information by contacting Tangerine or referring to their official website.

4. Travel Notifications: It’s advisable to inform Tangerine of your travel plans before using your card overseas. This helps prevent any potential blocks or restrictions on your card due to unusual activity and ensures a smooth experience while traveling.

5. Security: As with any credit card, it’s important to keep your Tangerine card secure while traveling. Be mindful of your surroundings, avoid using ATMs in unfamiliar or unsafe locations, and report any lost or stolen cards immediately to Tangerine’s customer service.

Remember to check with Tangerine or refer to their official website for the most up-to-date information and any specific guidelines or requirements related to using your Tangerine card overseas.

How much is the international Mastercard fee?

The specific fees associated with international transactions can vary depending on the credit card issuer and the type of Mastercard you have. This means that when you use your Tangerine World Mastercard for purchases made in a foreign currency, you should not incur any additional fees specifically related to international transactions.

However, it’s important to note that foreign exchange rates may still apply. When you make a purchase in a foreign currency, the exchange rate used to convert the transaction amount into Canadian dollars is determined by Mastercard. This rate may fluctuate and could impact the final amount you see on your credit card statement.

To get the most accurate and up-to-date information on international transaction fees or any other fees associated with your specific Mastercard, I recommend contacting your credit card issuer directly or referring to the terms and conditions provided by the issuer. They will be able to provide you with the most accurate and current information regarding fees related to international transactions.