Canadian digital bank Tangerine has debuted a new Mastercard branded credit card that provides a host of benefits to cardholders such as airport experiences and mobile device insurance, among others.
Known as Tangerine Bank World Mastercard, the new credit card gives cardholders 4% Money-Back Rewards for the first three months in up to three chosen categories. It also offers 0.5% Money-Back Rewards on all other shopping.
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The new credit card also offers membership of Mastercard Airport Experiences provided by LoungeKey that allow cardholders to enjoy exclusive retail, dining, and spa offers in over 400 airports across the globe.
Additionally, the card-members are provided with mobile device insurance with coverage of up to $1,000 in case the mobile device is stolen, lost, accidentally damaged or faces a mechanical issue.
The cardholders can also avail rental car collision/loss damage insurance that offers damage and theft protection for the users’ car rental when the car is rented for up to 31 days continuously.
Tangerine Bank president and CEO Gillian Riley said: “We are so excited to offer this sleek new Card to our Clients. It’s everything our Clients love about the Money-Back Credit Card with added benefits.”
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By GlobalDataThe cardholders can use ‘Pause My Card’ feature to temporarily block their card in case it is lost or misplaced.
Tangerine also sends the card users ‘Orange Alerts’, notifying them when their card is activated, their rewards are deposited or when a payment is due.
