MasterCard Triangle Review
Collect 4% in CT Money
Redeem your CT Money
Collect 5c per litre
in CT Money at Gas+ and participating Husky stations, every time you fill up
Canadian Tire is one of Canada’s better known brands with over 500 stores from coast to coast. There isn’t much you won’t find at one of Canadian Tire’s stores, they sell household essentials, tools, equipment, electronics, home decor, camp gear and much more. You’ll never be too far from a Canadian Tire store and chances are you’ll find what you need.
If you’re already a Canadian Tire customer, or like the sounds of what they offer, you’ll also like the Triangle Mastercard, Canadian Tire’s entry level credit card.
The Triangle Mastercard has no annual fee, no minimum income requirements and various perks that you can benefit from. Card holders earn 4% Canadian Tire Money back on all purchases at Canadian Tire stores and their affiliates. Sports Check, Atmosphere and Mark’s are affiliates of Canadian Tire where you can exercise your 4% earnings.
There is no limit on how much you can earn on the 4% Canadian Tire money back meaning the earnings are infinite. However, there is one drawback which is that the 4% is only on pre-tax expenditures. You won’t earn cash back on HST or other sales tax you pay.
Card holders also have the opportunity to earn outside of Canadian Tire stores and their affiliates. When you spend anywhere else, you’ll earn 0.8% Canadian Tire money back. Even though this rate isn’t the most optimal on the market, you’ll still be earning more than a basic Triangle Rewards member who earns 0.4% back. Finally, card holders earn 5 cents of Canadian Tire Money per litre of gas purchased whenever they spend at Husky, Gas+ or Essence+.
Another benefit to using any Canadian Tire credit card is access to no fee and no interest financing on qualifying purchases over $200. The amount you spend is repaid over twelve months, in equal installments, when the purchase is between $200 and $499. When the purchase is over $500, you can repay the amount in twenty-four monthly, equal instalments. All of this is possible through Canadian Tire bank.
Out of all the Canadian Tire credit cards, this one has the least amount of perks. However, this is to be expected since it is an entry level card, it has no annual fee and no minimum income requirements. With that in mind, the Triangle Mastercard does offer their card holders the opportunity to earn, even if it is minimal. Furthermore, rewards can only be redeemed at Canadian Tire, Sports Chek, Mark’s and Atmosphere. This isn’t a huge array of options, although, for some it’s enough to satisfy their needs.
All in all, the Triangle Mastercard is a good choice for individuals who shop a lot at Canadian Tire and are looking to gain some earnings while they do it. If you’re looking to save some dollars on your day to day needs, consider the Triangle Mastercard!