Triangle World Elite Mastercard review
Are you an avid customer of Canadian Tire? If yes, then the Triangle World Elite Mastercard might be right for you! This card doesn’t have an annual fee which means you’ll save some dollars while still getting the perks of the credit card.
The biggest perk of this credit card is you receive 4% Canadian Tire Money back when shopping at Canadian Tire stores and their affiliates. Canadian Tire’s affiliates include Sport Chek, Atmosphere and Mark’s. Between Canadian Tire and these stores, you’ll be able to purchase everything you need as you’re likely familiar with the amount of products these companies sell.
There is no limit on how much you can earn on the 4% rate which means the earnings are endless. Although the 4% cash back only applies to the pre-tax amount which puts a slight dent in your earning rate. The cash back rewards of this card are notable because basic Triangle Rewards Members only receive 0.4% cash back.
Triangle Mastercard holders also earn at an accelerated rate when they spend money on groceries. When card holders spend money on groceries anywhere except Costco and Walmart, they receive 3% Canadian Tire Money back. This means you can earn 3% cash back at No Frills, Loblaws, Longos, Superstores and Metro, among many others. Keep in mind that there is a cap rate, the 3% back only applies to the first $12,000 spent on groceries in a year.
Card holders also receive Canadian Tire Money back when they spend elsewhere, but the cash can only be redeemed at Canadian Tire stores and their affiliates. When spending on other things, card holders receive 1% Canadian Tire Money back.
Finally, card holders earn between 5 and 7 cents per litre back in Canadian Tire Money when they purchase gas from Husky, Gas+ or Essence+ stations. The range of 5 to 7 cents depends on what kind of gas you’re purchasing, 5 cents back is applicable on regular gas and 7 cents back is applicable on premium gas. Another perk for regular drivers is you’ll receive free roadside assistance coverage. The plan you receive is the Gold Plan from Canadian Tire which is worth approximately $100. The plan covers you for emergency towing, trip accident insurance, battery boosts, flat tire changes and much more.
As mentioned, rewards from this card can’t be redeemed everywhere because it isn’t literal cash back, it’s Canadian Tire money back. This means the rewards can only be redeemed at Canadian Tire stores and their affiliates. In other words, there are more opportunities to earn than there are to redeem. Earnings also can’t be redeemed in cash or used as statement credits unlike other rewards based credit cards.
Lastly, there is an income requirement for this card. You’ll need to earn $80,000 yourself or $150,000 within your household annually to use this credit card. If you don’t meet this requirement, Canadian Tire offers other credit cards that have less rigorous income requirements.
Overall, the Triangle World Elite Mastercard is an excellent choice for those who have families and regularly shop at Canadian Tire. With no annual fee and plenty of earning opportunities you can’t go wrong!
Still undecided ? This credit card has few close cousins from Canadian Tire Financial Services family: