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What are the Best Credit Cards from Canadian Tire? Top Reasons to Choose!
6 min
Finding a perfect credit card in Canada can feel like digging for a needle in a haystack. Yet, amid many choices, credit cards from Canadian Tire Bank (CTB) shine for convenience, rewards, and value.
From Triangle Rewards to cashback and gas perks, these cards can cater to your goals, spending, and lifestyle needs. Its core specialty, the Triangle Credit Cards, is accepted at over 24 million locations globally and offers a faster ‘Canadian Tire Money’ (CT Money) collection.
So, join us as we explore the world of Canadian Tire credit cards, discovering your perfect financial companion.
What are the Different Credit Cards Canadian Tire Offers?
There are major 3 types of credit cards in Canadian Tire Bank as shown below:
What are the Specific Benefits Offered by Credit Cards from Canadian Tire?
The common benefits provided by credit cards from Canadian Tire are as follows:
- Triangle Rewards
Canadian Tire lets its credit cardholders collect Triangle Rewards by spending money on regular products/services. ‘Triangle Rewards’ are basically reward points generated on customer’s everyday purchases.
The majority of other reward programs allow you to use your points for only certain things. But with Triangle Reward points, you have the flexibility to choose from an array of products. You have the option to redeem them for a variety of services, travel experiences, and merchandise at Canadian Tire stores.
Furthermore, they can be accrued in Canadian Tire’s affiliated partners, including Sport Chek, Gas+, Atmosphere, and more! You can purchase things like clothes, important stuff for your car, gas, and online products, to name a few.
- Maximize Your Rewards with CT Money
The credit cards from Canadian Tire also offer CT Money when you shop at your favorite stores. It’s a type of ‘currency’ in the CTB ecosystem, which offers a flexible form of spending options to cardholders.
Moreover, earning this currency is more than earning rewards on regular purchases. You can accumulate your CT Money on things like getting your car serviced, purchasing gas, and even shopping online. This not only lets you earn rewards, but also boosts your savings faster.
- Cashback Rewards with No Annual Fees
A lot of people don’t prefer to pay yearly charges on their credit cards. Therefore, Canada Tire has a Cash Advantage Mastercard option. This allows the cardholders to enjoy rewards without any annual fees.
One of the prominent features of the card is its cashback reward program. You can earn up to 1.5% cash back on eligible purchases. Moreover, if you purchase from Canadian Tire stores, you can have even more lucrative cashback of up to 3%. The more you use your card, the more cash back you’ll get.
What’s more, the system automatically transfers the cashback amount to your account every year. And, you can make as much as you want.
Additionally, the card comes with some extra benefits. The ‘Tap & Go’ technology makes purchasing faster and more convenient. It also offers access to ‘My Online Account’ where you can easily check balances, make payments, and manage your account anytime, anywhere.
- Gas Savings
With your Gas Advantage Mastercard in your hand, you can save instantly on gas from 2¢ to 10¢/litre at Canadian Tire gas bars. Whether you’re filling up for your daily commute or a countryside road trip, just swipe your card and watch the price drop per liter.
But the savings don’t stop there!
Every dollar you spend at Canadian Tire or Mark’s stores will double your next gas savings. So, whether you are buying groceries or dining out, all you need to do is use your card more in a month to maximize your savings potential.
- Digital Banking Feature
In CTB, you can access your credit card account with just a few clicks!
For checking your account balance or monitoring your recent transactions, you can use the bank’s online accounting system. It tracks the real-time activity of your account. And with email reminders when your e-statement is ready, staying on schedule can never be easier.
Moreover, if your credit card from Canadian Tire is ever lost or stolen, you can easily lock your card through your online account, and request an automatic transfer.
You can also use the feature of a digital wallet to enjoy the benefits of contactless payments. The ‘NotifyMe’ feature offers you statistical notification services via text or email. This allows you to know about your bank account no matter where life takes you.
With all such digital features, managing your finances can be quite easy.
- Creditor Protector
This feature is an added layer of protection against the hardships of credit card holders. It can help you pay off the balance or make monthly payments on your credit card when you and your family need it the most.
The bank offers 2 types of credit protectors: Triangle Credit Protector Complete and Triangle Credit Protector Life & Disability. Both of the plans offer ‘Life Coverage’ and ‘Total Disability Coverage’.
Both serve as a safety net, ensuring that dependents do not bear the burden in the unfortunate event of a cardholder’s death. With an age limit below 80, the coverages extend to offer a one-time payment of up to $20,000. This feature helps cardholders and their family members to settle their debts efficiently. They also offer monthly payments of up to 20% of the balance due on the account, in case the cardholder faces total disability. The limit for this amount is $4,000 per month.
However, ‘Triangle Credit Protector Complete’ goes the extra mile by offering ‘Involuntary Unemployment Coverage’. It serves as a vital guardian for individuals who face unexpected job loss or business shutdown.
These payments can help cardholders cover their essential expenses, such as rent payments and grocery bills, while they search for new business or employment opportunities.
Why Should You Choose Triangle Credit Cards that Canadian Tire Bank Offers?
Amongst all the options of credit cards from Canadian Tire Bank, one should go for the Triangle Credit cards because they come with a host of unique benefits.
The bank offers two types of Triangle Credit Cards: Triangle Mastercard and Triangle World Elite Mastercard.
Here are the following reasons why you should choose them:
| Parameters | Triangle Master Card | Triangle World Elite Master Card | |
| CT Money At Your Favorite Stores (On Qualifying Purchases @ Canadian Tire, Sport Chek, Mark’s, L’Équipeur, Atmosphere, Party City, Pro Hockey Life, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, & Participating Sports Experts Stores. | 4% | ||
| CT Money On Gas+ & Petro- Canada Fuel Purchases | ₵5 Per Litre | ₵5 To ₵7 Per Litre | |
| CT Money @ Grocery Stores | 1.5% (1st $12,000 Per Year; Excluding Costco & Walmart) | 3% (1st $12,000 Per Year; Excluding Costco & Walmart) | |
| CT Money Everywhere Else | 0.5% | 1% | |
| Annual Fees | $0 | $0 | |
| Weekly Personalized Offers | Up to 25X rewards on your favorite items at top stores! | ||
| No Receipt Returns | Enjoy easy returns without a receipt at participating stores. | ||
| No Fee, No Interest Financing | Available on eligible purchases of $150 or more at participating stores. | ||
| Purchase Security Insurance | NA | Included | |
| Car Rental Collision/Loss Damage Waiver Insurance | NA | Included | |
| Roadside Assistance Gold Plan | NA | Included | |
| Personal 24/7 Concierge Service | NA | Included | |
Final Thoughts: Selecting the Ideal Credit Card from Canadian Tire!
To sum up, choosing a credit card from Canadian Tire Bank can offer a multifarious collection of rewards. From the flexible Triangle Rewards to the cashback benefits of the Cash Advantage Mastercard, each credit card has its own set of unique features and benefits.
But if you’re looking for the best, most practical, and versatile option, certainly the Triangle Credit Cards stand out as a top choice for savvy shoppers.
So, why settle for ordinary when you can experience extraordinary rewards with this card? Choose your credit card today and unlock a world of convenience plus value!
