The Features:
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- 4% cash back rewards from Canadian Tire & sister retailers: Canadian Tire, Sport Chek, Mark’s, L’Équipeur, Party City, Atmosphere, Pro Hockey Life, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey and participating Sports Experts.
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- 5¢ per litre at Gas+ and Essence+ locations.
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- 1.5% on grocery stores excluding Costco and Wal-Mart
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- 0.5% everywhere else
Canadian Tire Triangle Mastercard Competitors
There are a few reasons to use a retailer credit card. Many retailer credit cards offer Rewards programs that give cardholders the ability to earn points or cash back on their purchases. Additionally, some retailer credit cards offer exclusive discounts and deals to cardholders that can save them money on their shopping, and said credit cards are often offered during these purchases. Finally, using a retailer credit card can help build credit history, as long as the cardholder makes their payments on time and in full.
Other retailers in Canada offering similar credit cards:
The Hudson’s Bay Mastercard & The Home Depot Consumer Credit Card
The Hudson’s Bay Mastercard has a slightly lower interest rate on purchases at 19.90%, and also has no annual fee. The Home Depot Consumer Credit Card offers a 0% introductory interest rate on purchases for the first 6 months.
Is Canadian Tire Money Still Useful
Yes, Canadian Tire money is still useful! Many Canadian Tire stores will allow customers to use their Canadian Tire money as a form of payment, and some stores will even give customers a 10% discount on their purchase if they use Canadian Tire money. Additionally, Canadian Tire money can be used to purchase items from the Canadian Tire website.
How To Use Canadian Tire Money Online
There are a few ways to use Canadian Tire money online. One way is to redeem Canadian Tire money for a Canadian Tire gift card, which can then be used to make purchases on the Canadian Tire website. Another way is to redeem Canadian Tire money for Canadian Tire merchandise, which can be shipped to the customer’s home. Finally, some Canadian Tire stores also offer the option to pay for online purchases using Canadian Tire money.
How To Earn Rewards From The Canadian Tire Triangle Mastercard
Rewards are earned on the Canadian Tire Triangle Mastercard by making purchases at Canadian Tire stores, or at any other store that accepts Mastercard. For every dollar spent, cardholders will earn 1 point. Once enough points have been accumulated, they can be redeemed for Canadian Tire merchandise, gift cards, or even cash back.
How Much Are The Rewards Worth?
The value of the rewards earned on the Canadian Tire Triangle Mastercard depends on how the rewards are redeemed. For example, 100 points can be redeemed for a $10 Canadian Tire gift card. Alternatively, 1000 points can be redeemed for $100 cash back.
Our Review Of The Canadian Tire Triangle Mastercard
Unless you’re an avid Canadian Tire shopper & Canadian Tire is your local gas station, we think this card is not worth it. The underwhelming 0.5% cash return on other expenses is the worst part of it.
Source: Canadian Tire
John Wilson
Founder of Clever Banker, John Wilson has 20 years of experience in publishing, insurance, corporate finance and personal finance. Clever Banker combines all these elements into one.
Born in Vancouver, Canada and now living in Toronto, John holds an MBA from the University of Western Ontario.
“I founded this site to contribute towards improving financial literacy in Canada. It also allows me to write about my favorite topics: finance and investments.”
John manages money from friends and family through TD Direct Investing, National Bank Brokerage, Disnat, Interactive Brokers & Wealthsimple accounts.
He's mostly invested in Canadian stocks, with long-time holdings such as Boyd Group, Constellation Software, MTY Food Group, CCL Industries and Enghouse Systems.
John has personal Canadian taxation notions he draws from having helped friends and family with taxes. He can also handle himself very well in financial modeling exercises, given that he's worked in the corporate finance world earlier in his career.
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