Triangle World Mastercard

Canadian Tire Bank Credit Cards 2019

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Last updated on May 6, 2019 Views: 547 Comments: 2

Canadian Tire is a brand that every Canadian is familiar with. You could argue that they’re the innovators of loyalty since they offered Canadian Tire Money to consumers for decades before any other retailer offered incentives. But as technology has changed, Canadian Tire has also modernized its loyalty program and has introduced new Canadian Tire credit cards which offer great perks to reward regular shoppers.

Canadian Tire Bank Credit Cards

Canadian Tire Bank Credit CardFeaturesAnnual FeesRequired Credit Score and IncomeRead More
Triangle Mastercard4% at Triangle Rewards stores
5% per Litre at Gas+ and Husky stations
0.8% everywhere else
$0 fair_good
N/A
Read more
Triangle World Mastercard4% at Triangle Rewards stores
7% per Litre at Gas+ and Husky stations
1% everywhere else
$0 fair_good
N/A
Read more
Triangle World Elite Mastercard4% at Triangle Rewards stores
3% at grocery stores excluding Costco and Walmart
7 per Litre at Gas+ and Husky stations
1% everywhere else
$0 fair_good
$80000
Read more

How Triangle Rewards / Canadian Tire Money Works

When the Canadian Tire Money (CTM) program started in 1958, the money was given out in paper bills that looked like actual currency. The amount given was based off a percentage of your purchase and could be used later for another Canadian Tire purchase. Over the years, CTM has become one of the most successful loyalty programs in Canada.

Due to its success, Canadian Tire has rebranded its loyalty program into a free, digital card program called Triangle Rewards which allows members even more opportunities to earn and redeem their cash rewards. Triangle Rewards can now be earned and used anytime at Canadian Tire, Sport Chek, and participating Mark’s/L’Equipeur and Atmosphere locations. Shoppers will earn back 4% of their purchase (pre-tax) in Canadian Tire Money at these locations.

Triangle Rewards can also be earned, though not redeemed, at Gas+ stations when cash or debit is used for payment (up to 4 cents/litre). Additionally, the Triangle Rewards program offers personalized bonus rewards for select products and no-receipt-required returns (as long as you scanned your Triangle card when you made the purchase). Nonmembers will still receive CTM for purchases from Canadian Tire stores, but don’t have access to the other benefits.

While the Triangle Rewards program offers some great perks, frequent shoppers can now receive even more reward opportunities and benefits with the Canadian Tire Triangle Mastercards. Currently, there are three different card options available. Here’s what you need to know about each of them.

A Look at Canadian Tire Bank Triangle Cards

CTFS Triangle Base MastercardTriangle Mastercard

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: N/A
– Annual fees: $0 

The Triangle Mastercard is the entry level card of the three Canadian Tire Triangle Mastercards. There is no annual fee and no minimum annual income to apply. Cardholders will receive 4% (pre-tax) in CTM/Triangle Rewards at Triangle Rewards stores, 5% per litre at Gas+ and Husky stations, and 0.8% everywhere else. Additionally, cardholders have access to 24-month, no-fee, no-interest financing which is valid on any purchase of $200 or more made at any of the Triangle Stores.

Now, you may be thinking that 4% (pre-tax) isn’t really a deal, because that’s what the normal Triangle Rewards program offers. This is true, however, the increased earnings at Gas+ and Husky stations is a definite benefit. Especially since you can only earn Triangle rewards for credit card purchases made with a Canadian Tire Triangle Mastercard. Plus, the additional 0.8% everywhere else will definitely increase your earnings overall. It’s a pretty good deal for an entry level credit card with no annual fee.


Triangle World Mastercard

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: N/A
– Annual fees: $0 

The Triangle World Mastercard is a step up from the Triangle Mastercard with a few additional perks. As with the Triangle Mastercard, the Triangle World Mastercard has no annual fee and cardholders are entitled to 4% (pre-tax) in CTM/Triangle Rewards at Triangle Rewards stores and 1% at all other stores. For purchases at Gas+ and Husky stations, cardholders will receive 5-7% per litre (depending on the fuel grade). Additional benefits include priority queuing for any customer service calls as well as purchase security and extended warranty protection, car rental insurance and access to 24 months of no-fee, no-interest financing on purchases of $200+ made at Triangle stores.

Application for the World Mastercard is by ‘invite only,’ which is understandably confusing terminology for a credit card, so we’ll take this opportunity to clarify the application process. Customers who previously held Canadian Tire’s Options Mastercard (now Triangle Mastercard) are invited to upgrade their card to the World card based on meeting minimum spend requirements. Customers should receive a mail notification or call from Canadian Tire to advise them of this opportunity. You cannot apply directly for the Triangle World Mastercard, though if you were an Options cardholder and have not received an application invite, we advise you to contact Canadian Tire directly to inquire about your card eligibility.


ctsf_Triangle_World_Elite_MasterCardTriangle World Elite Mastercard

Eligibility Criteria:
– Credit score required: fair_good
– Min personal income required: $80000
– Annual fees: $0 

The Triangle World Elite Mastercard is the top tier credit card of the Canadian Tire credit card options. Surprisingly, there is no annual fee attached to this credit card. However, cardholders need to have a personal annual income of $80000 or more to apply.

Perks include 4% (pre-tax) in CTM/Triangle Rewards at Triangle stores, 3% at grocery stores (excludes Costco and Walmart and only up to a spending cap of $12,000/year), 5-7% at Gas+ and Husky Stations (depending on fuel grade), and 1% at all other stores. The Triangle World Elite Mastercard also offers Canadian Tire Gold Plan Road Assistance, purchase security and extended warranty protection, car rental insurance, 24/7 concierge service, priority queuing on calls to customer service, and access to 12 months of no-fee, no-interest financing on purchases of $200 or more made at Triangle stores.

What We Love About Triangle Mastercards

On top of being a great pick for those who are regular shoppers at Canadian Tire and the other associated stores, one of the biggest draws of these credit cards is the fact that they all have no annual fee. Additionally, the Canadian Tire Triangle Mastercards are the only credit cards on the Canadian market right now that offer no-interest, no-fee financing. This factor alone could be a huge benefit and money saver depending on your buying needs.

Finally, the Roadside Assistance Gold Plan for the Triangle World Elite Mastercard holders is a massive asset to drivers. The coverage is worth $99.95+ tax/year and offers 24-hour Roadside assistance across both Canada and the USA. This service is available to the primary cardholder and includes five service calls within a twelve-month period. Services include towing, fuel delivery, flat tire change, battery boost, lock-out service, extraction/winch and towing up to 250km to the destination of your choice.

For regular Canadian Tire customers, there’s no doubt that one of the Canadian Tire Triangle Mastercards should be carefully considered as a primary credit card.

Canadian Tire Bank Credit Cards vs Other No Annual Fee Credit Cards

Want to compare the Triangle Mastercards to others, see our no annual fee credit cards page.

Article comments

2 comments
margaret Smith says:

once you get bad credit rating from canadian tire how many years is your credit screwed

The GreedyRates Team says:

Hi Margaret,

Thanks for coming to GreedyRates. If you’re in debt with Canadian Tire, then it’s as important as it is with any other bank or lender to pay off your balance. However, in order to determine the accurate impact and length of impact on your credit we need to know what happened. Canadian Tire can send your debt to collections, for instance, in which case your credit will suffer until the collections are paid off, and then cleared from your credit report. Canadian Tire may still have your debt and wants to be paid, in which case you should do so or else your credit will get dragged down. In neither case will it be a burden on your score for very long.

If you’re consolidating your Canadian Tire debt or submitting a consumer proposal, then these debts are subject to the minimum 6-year period for which they appear on your credit report. Generally, the hit your credit takes is always a function of how long the debt’s been delinquent, and who is currently in custody of it. Help us fill in the blanks by emailing us at info@greedyrates.ca. Thanks!

GreedyRates