How to Choose the Best Canadian Tire Credit Card

Have you already explored the various options offered by the Canadian retail giant? It is well worth the detour. But how do you find the best Canadian Tire credit card for your spending habits? This is the question we will try to answer in this article.

In the next few lines, find out everything you need to know about Canadian Tire Credit Cards, powered by Mastercard. You will learn more about the Triangle program, but also about purchase discounts!

The Triangle Rewards program is a must when introducing Canadian Tire Credit Cards. The reason is simple: you automatically become a member when you choose the Triangle Mastercard or World Elite Mastercard credit cards.

Do I have to have a Canadian Tire Credit Card to take advantage of this program? Not at all! The Triangle Rewards Program is open to everyone. You can become a member and collect points from a card, a keychain or via the Triangle mobile application.

Here are the main advantages:

• Earn Canadian Tire cash back to reduce your next purchase
• Provides access to an easy-to-use application where you can check your Canadian Tire ‘Money’ in real time and view the day’s deals
• Features options to maximize your rewards such as “Spend and Earn” events and “Triangle Bonus Days

Contrary to popular belief, the Triangle program has not replaced Canadian Tire money. In fact, it only allows to simplify its operation. That’s why you won’t see “points” in your account, as most rewards programs offer. You will see Canadian Tire money (CT money).

This program is beneficial if you or your family are athletic. Why? Because Triangle allows you to accumulate and spend your CT money at retailers that are mostly specialized in the sale of sporting goods. We are talking about stores such as Sports Experts, Atmosphere and Hockey Experts. Of course, you can spend it at Canadian Tire, where you can find everything from coffee machines to outdoor furniture.

If you have the ideal profile, one of the Canadian Tire Triangle credit cards could also be very beneficial to you. We will come back to this later… For now, let’s remember that this loyalty program is free and beneficial to many!

This is the most popular credit card offered by Canadian Tire Bank – yes, a real bank! The most important advantage of the Triangle Mastercard is that there is no annual fee. Interest rates are 19.99% for purchases and 22.99% for cash advances and transfers between accounts.

What we like about this card is the generous 4% rebate in CT money on any purchase at a participating retailer (Canadian Tire, L’Équipeur, Atmosphere, Sports Experts, Sports Rousseau, Hockey Experts and L’Entrepôt du Hockey).

How often do you return items to stores? If so, you’ll love the “cash back without receipt” feature of the Canadian Tire Triangle Mastercard. You may also be interested in learning more about the “installment” option. In fact, the card allows you to pay for any purchase over $200 over 24 months in equal payments, without fees or interest!

Also, the Canadian Tire Triangle Mastercard credit card offers 1.5% CT cash back. Specifically, the first $12,000 charged to the card annually is the benefit. This means you can save $180 a year on your groceries.

For gasoline rebates, the card provides an instant rebate of 5¢ per liter when using the credit card as payment. This is only applicable to participating Gas+, Gas+ and Husky stations. Although this option does not accumulate CT money, it can be beneficial for those who travel a lot.

Speaking of CT money, when you use your Canadian Tire Mastercard credit card, you get 0.8% back on all other purchases. This discount can only be spent at Canadian Tire stores.

Any Canadian resident 18 years of age or older can apply for the Canadian Tire Triangle Mastercard. However, you must have a social insurance number and meet credit requirements.

Similar to the Triangle Mastercard, the Canadian Tire World Elite Credit Card offers a few other benefits. As with the previous one, no annual fee is charged. Also, the interest rates remain the same: 19.99% on purchases and 22.99% for cash advances and transfers between accounts.

Here are the additional benefits:

• 3% grocery rebate rate on the first $20,000 (up to $300 rebate) After reaching $20,000, the rate drops to 1%. This discount is available at all grocery stores except Costco and Walmart.
• 5¢ per liter CT silver discount at participating Gas+, Gas+ and Husky stations, and 7¢ per liter CT silver “Super” gasoline.
• Access to the Gold Roadside Assistance Program as well as collision and damage insurance for rented vehicles.
• Purchase protection system: “Zero liability” purchase protection for any purchase made within the last 90 days.

Can I get this card?

This card is not available to everyone. To qualify, you must earn an individual annual income of $80,000 or more and meet certain credit criteria.

As the name suggests, the Canadian Tire Gas Advantage Mastercard offers gas benefits. Although it is not part of the Triangle Program, it offers substantial benefits.

It mainly rewards the monthly use of your card. Depending on your spending level, you can get instant rebates on your gas at Canadian Tire stations. Here they are:

• Less than $500 per month = 2¢ per liter
• 500 to $900 = 5¢ per liter
• 1000 to 1999 = 8¢ per liter
• 2000 = 10¢ per liter

Again, the interest rates on purchases are 19.99%, and 22.99% for cash advances and transfers between accounts. You can also take advantage of the installment plan for any amount between $200 and $499 spent at participating stores.

Can I get this card?

Are you 18 years old and have a social insurance number? You may be eligible. Certain credit criteria may apply.

Similar to the Gas Advantage Card, the Canadian Tire Cash Advantage Mastercard offers cash back rewards on your account. How is it better than other discount credit cards? There is no spending limit! So if you spend a lot of money on your credit card, it could be highly profitable.

Also, the more you spend, the more you get rewarded. Here are more details on the discount percentages per purchase:

• First $1,500 of purchase: 0.25% discount
• 1500 to 3000%: 0.50% discount
• From $3,000 to $24,000: 1% discount
• 24,000 and over: 1.5% discount

Interest rates remain the same and no annual fees are incurred. In addition, benefits, such as 24-installment payment on purchases from $200 to $499 at participating stores, are also available on this card.

Can I get this card?

There is no minimum wage requirement to receive this card. However, like most Canadian Tire Credit Cards, you must be 18 years of age, have a social insurance number and meet a few credit criteria.

As you can see, Canadian Tire Credit Cards have more than one advantage. Which is the most beneficial for you? Simply identify your consumption habits to make an informed choice!