CASH ADVANTAGE MASTERCARD Review
Recommended Credit Score:
670 900
Average to Excellent
$0
Welcome Bonus Value
$0
Annual Fee
19.99%
Purchase Interest Rate
$15,000
Min Personal Required
CASH ADVANTAGE MASTERCARD
My Rate Compass Rating: star star star star_outline star_outline (3)
Bank Name:Canadian Tire Financial
Network Type:Mastercard
CASH ADVANTAGE MASTERCARD
Welcome Bonus
Annual Fee
$0
CASH ADVANTAGE MASTERCARD
Card Details

Earn up to 1.5% cash back on eligible purchases, and get 2X the cash back (up to 3%) on purchases at Canadian Tire, Canadian Tire Gas+ Bars, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L'Entrepot du Hockey and participating Sports Experts and Mark's locations.

 

The more you use your card throughout the year, the greater the percentage of cash back you'll get.

 

Cash back is automatically applied to your account every year, and there's no limit on how much cash back you can get.

Insurance
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance NO
  • Flight delay insurance,Baggage Insurance No
  • Vehicule rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
Fees and Eligibility
Fees
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
Eligibility
Personal Income Required: $15000
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star_outline star_outline (3)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
No Fee, No Interest financing is available when you pay with your Cash Advantage Mastercard at Canadian Tire, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L'?ntrep?t du Hockey and participating Sports Experts and Mark's locations.

12 Equal Monthly Payments on purchases over $200.
At Canadian Tire, you can finance your purchase for 12 months if you spend $200-$299 and 24 months if you spend $500+.


Optional products

Credit Protector

Help protect your credit card balance when you and your family need it most.

Identity Watch ClassicTM

Help protect your personal identity

Identity Watch EliteTM

Help protect your personal identity

Editor's Review

The most notable feature of this credit card is the 3% cash back rate when you spend at Canadian Tire. This includes purchases made at Canadian Tire gas bars, Mark’s and L’Equipeur. Card holders also earn on other purchases, but the earning rates are tiered. On the first $1,500 you spend, you earn 0.25% cash back. After that, you earn 0.5% cash back when you spend up to $3,000. Once you spend $3,000, you start to earn 1% cash back up to $24,000. Beyond $24,000, you’ll earn 1.5% cash back on all purchases with no earning cap. As you can see, the more you spend, the more you’ll earn.

 

To offset the relatively low cash back earning rate, there is no annual fee for this card. In addition, card holders gain access to Canadian Tire bank which comes with some perks. One of the most favourable perks is twelve month, no interest financing on applicable Canadian Tire purchases.

 

The primary benefit of the Canadian Tire Cash Advantage Mastercard is accelerated earnings when you spend at Canadian Tire. If Canadian Tire is your one stop shop, this credit card is definitely worth it. It is also worth it if you spend $2,000 or more per month. Otherwise, you’ll likely earn more cash back with other credit cards.


Still undecided ? This credit card has few close cousins from Canadian Tire Financial Services family:

Triangle World Elite Mastercard

Gas Advantage Mastercard

Triangle Mastercard