The Best Canadian Tire Credit Cards

The Canadian Tire Corporation was founded in 1922. The firm operates via its retail, petroleum and financial wings. There are almost 1,700 retail and gasoline outlets across Canada, making it convenient for cardholders to use their Canadian Tire credit cards to save lots of precious cash at the gasoline pump and earn Canadian Tire “Money”. Canadian Tire Financial Services offers credit cards, credit protection insurance, along with a fraud protection program that protects the cardholders against fraudsters and keeps their accounts secure. Canadian Tire offers three credit cards that allow cardholders to earn rewards in the form of “Canadian Tire Money”. These awards can be accrued just about everywhere you shop. Another great feature of the Canadian Tire credit cards is that they come without annual fees. When you apply for a Canadian Tire credit card, the firm will give you the ideal credit card which is based on your annual income and the quality of your credit score. In this post, we will discuss the best Canadian Tire credit cards and answer other inquiries you might have about them. Without further ado, let’s get started with our list.

Here are the Best Canadian Tire Credit Cards

Triangle Mastercard

Starting off our list of the best Canadian Tire Credit Cards is the Triangle Mastercard. With the Triangle Mastercard, you’ll get:

  • 4% in Canadian Tire Money whenever you shop from Canadian Tire or its few affiliate brands (which include Sport Chek, Mark’s/L’equipeur (the French name is used in the Quebec province), and Atmosphere).
  • 5 cents per litre at select Husky/Gas+ Stations.
  • 0.8% in Canadian Tire Money for every transaction you make in other places.

The Triangle Mastercard is definitely one of the very best Canadian Tire credit cards in Canada. The card is very easily approved as well, since it doesn’t feature a minimum income requirement. 

Triangle World Elite Mastercard

Next on our list of the best Canadian Tire credit cards is the Triangle World Elite Mastercard. This credit card is the best option for you if you are looking for the fastest way to earn Canadian Tire money.

These are some of the benefits of being a Triangle World Elite Mastercard holder:

  • 4% cash back in Canadian Tire Money for each dollar you spend at Canadian Tire, Sport Chek, Mark’s/L’equipeur, and Atmosphere.
  • 3% cashback at most grocery stores (excluding Walmart and Costco).
  • A cashback amounting to 5 to 7 cents per litre at select gas stations of Husky and Gas+.
  • 1% cashback in Canadian Tire Money for every transaction you make in other places. 

This card also offers ancillary benefits including free access to the free Gold Member plan for the Canadian Tire Roadside Assistance service, purchase and extended warranty protection, rental automobile insurance, and concierge services.

In order to be eligible for this particular Canadian Tire credit card, you’ll need a minimum annual income of $80,000.

Triangle World Mastercard

Next on the list of the best Canadian Tire credit cards is the Triangle World Mastercard. It is distinctly different from the other two credit cards mentioned in this list. This card is only available on an “invite only” basis and everybody can’t just apply for it and get it. You’ll only be able to receive this card if you’re a cardholder of the older (and discontinued) Canadian Tire Options Mastercard and would really like to still earn Canadian Tire Money with the more modern Triangle Mastercard.

The Triangle World offers 4% in Canadian Tire Money at participating retailers (same as otherTriangle Mastercards), between 5 to 7 cents per litre at Husky and Gas+ stations, and 1% back on everything else. This card also has built-in rental automobile insurance , alongside extended warranty and buy protection.

How to redeem Canadian Tire money?

  • As of now, Canadian Tire Money redemption is carried out at:
  • All Canadian Tire locations (over 500 of them). The redemptions can be used to buy any of the items sold at the outlet. The items include thousands of household essentials, appliances, tools, recreational items and kit, and more.
  • Sports Chek, which is one among Canada’s largest retailers for sportswear , gear, and equipment.
  • Atmosphere and Eligible Mark’s (known as L’equipeur in Quebec) outlets.

How to earn Canadian Tire Money?

You can earn Canadian Tire Money through these methods:

  • With any of the three Canadian Tire Mastercards that we covered  above. You will be able to earn Canadian Tire Money everywhere (including on purchases not made at Canadian Tire and its affiliates).
  • Without a Canadian Tire mastercard as a basic Triangle Rewards Member. In this scenario, you’ll earn Canadian Tire Money exclusively once you patronize Canadian Tire affiliate retailers and nowhere else. The affiliate retailers whose facilities you can avail are: Canadian Tire stores, Sports Chek, eligible Mark’s and Atmosphere locations, sports experts, Hockey Experts, and Husky and Gas+ stations.

Aside from affecting where you’ll earn Canadian Tire Money, the sort of Triangle Rewards Member you’re also will impact what proportion you’ll earn. With a Canadian Tire mastercard , you’ll earn 4% once you go and do some shopping with affiliate brands as against just 0.4% as a basic Triangle Rewards Member. That said, both Triangle mastercard holders and basic Triangle Rewards Members can cash in during the “Triangle Bonus Days” and limited-time offers at Canadian Tire that give you the chance to accumulate more Canadian Tire Money on select purchases.

Other Canadian Tire Credit Card Products and Services

In addition to its three credit cards, Canadian Tire Financial Services also offers its customers no-fee financing on select purchases. It also offers credit protection insurance and fraud protection to keep you secure and make your life a bit easier in case of unforeseen events. Let’s take a closer look at them.

No Fee-Financing

Do you need to make a big-ticket purchase from Canadian Tire, but prefer to space out your payments over time as opposed to having to foot the bill all at once? Depending on the acquisition, you’ll get the option to avail 0% financing with a Canadian Tire credit card. Here’s how it works:

If you make a purchase that’s between $200 and $499 on an eligible product sold at Canadian Tire using a Canadian Tire credit card, you can pay the amount back within 12 months without any additional interests or fees. You can pay with 12 monthly instalments. However, if you do miss one of these 12 payments, you will be on the hook for fees and/or interest. If you make an eligible purchase that’s over $499, the same rules will apply except you’ll need to make 24 equal payments over a two-year period.

This no-fee, no interest financing offer will only apply to eligible products sold at Canadian Tire, and the card’s 19.99% APR will still come into effect if you do carry a balance on your credit card for your other purchases.

Canadian Tire Financial Services

You can tap into Canadian Tire Financial Services and use your Canadian Tire credit card to form payments for larger bills that conventionally can’t be covered using  forms of cash- in turn, supplying you with the chance to earn even more Canadian Tire Money.

For example, through this Service, you’ll buy your property taxes with the help of a Triangle Mastercard, which might mean you’d earn Canadian Tire Money on your land tax bill. Through Canadian Tire Financial Services, you’ll buy the subsequent bills using your credit card: property taxes, hydro bills, tuition expenses, and insurance premiums. This service is a great option for anyone who’s sure they can pay their bills in full and on time. It’s important to approach this Service cautiously, because you’ll be on the hook to pay interest (19.99% APR) on any balance you accrue. And carrying a balance on larger payments, like your land tax , would mean owing a massive share in interest.

Credit Protector

Credit Protector is like an insurance service for all the payments made with the help of your Canadian Tire credit cards. This is going to help you in scenarios where you lose your job, become disabled or pass on. The Credit Protector can pay 3% of your outstanding balance, up to $1,000 per month, if you lose your job through no fault of your own or become disabled. If you or your spouse is diagnosed with a terminal illness and/or pass away, this service will pay your outstanding balance to a maximum of $20,000. The Credit Protector service will end up costing $1.10 for every $100 of your outstanding balance. On top of that, you will need to pay the taxes applicable to that balance. For example, if you have a balance of $200, you would pay $2.20 plus taxes. If you have a monthly outstanding balance of $10 or less, Credit Protector is free.

Identity Theft Protection

Canadian Tire offers two fraud protection products: Identity Watch Classic and Identity Watch Elite. Both products offer credit card protection services that cancel and replace services for your lost or stolen Canadian Tire credit cards. They provide Internet Personal Information Protection, which performs online monitoring of personal information that you register for, and reimburse you up to $75 a year for a computer tune-up. Another great feature offered in this program is the Rebound Asset Return Service. This service helps people get their lost items back, as long as those items have a “Rebound Sticker” on them. Identity Watch Elite also provides a gamut of travel and protection services. These services include extremely useful options like emergency cash transfer and emergency airline ticket booking. You are also able to register on your mobile phone, making it easier to get access to the services you need.

What are Triangle Rewards?

Launched in 2018, Triangle Rewards is the refurbished version of Canadian Tire’s loyalty program.

For all intents and purposes, the program functions in a very similar way to the good old Canadian Tire’s loyalty program: you earn Canadian Tire Money on your spending that you simply can redeem at a number of stores affiliated with the long-lasting retail brand (with 1% in Canadian Tire Money equaling to $0.01 CAD).

There are some differences worth noting though. For one, Canadian Tire Money is now fully collected electronically (via an app, card, or key fob) as against paper bills, and secondly, you’ll have the option to redeem your Canadian Tire Money at a larger number of locations.

So that was our list of the best Canadian Tire Credit cards available for you to use. Aside from giving you Canadian Tire rewards, these credit cards don’t charge any annual fee either. If you were curious about the Canadian Tire rewards system and wanted to get a credit card which can help you earn those rewards, hopefully the post has satisfied a lot of your queries.

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