Canadian Tire Triangle Mastercard Review (2023)

In this review, we will take a look at the features and benefits of the Canadian Tire Triangle Mastercard, as well as some of its drawbacks.

We will also compare it to other popular credit cards on the market. If you are considering applying for the Canadian Tire Triangle Mastercard, then this review is for you!

The Canadian Tire Triangle Mastercard is a popular credit card for people who frequently shop at Canadian Tire stores. It offers a variety of benefits, such as earning Canadian Tire ‘Money’, no annual fee, and a low-interest rate.

Key Takeaways

  • Features Of The Triangle Mastercard From Canadian Tire
  • American Express vs. Triangle Mastercard Credit Cards
  • The Triangle Mastercard’s Advantages
  • The Disadvantages Of Canadian Tire Triangle Mastercard
  • Answers To Some Frequent Asked Questions
Canadian Tire Triangle Mastercard

Features Of The Triangle Mastercard From Canadian Tire

The Canadian Tire Triangle Mastercard has the following salient characteristics:

  • CT 4% of purchases at Canadian Tire and a few other businesses earn you money.
  • CT Earnings from supermarket purchases are 1.5 percent
  • CT Earnings from Other Purchases 0.8%
  • At Canadian Tire Petrol+ gas stations, you may save 5 per liter.
  • 2.5% foreign transaction fee
  • $4 for Cash Advance
  • Annual cost $0

As you can see, Canadian Tire is at the center of all the essential features: you earn 4% back at Canadian Tire, Sport Chek, Atmosphere, Mark’s Work Wearhouse, Sports Experts, Hockey Experts, Sports Rousseau, L’Entrepôt du Hockey, and L’Équipeur and 1.5% back at Canadian Tire when you shop at the grocery store.

However, you also save 5 cents for every liter of petrol.

It is an expensive card to use abroad due to additional fees such as the $4 cash advance fee and the 2.5% foreign transaction fee. The Canadian Tire Triangle Mastercard does not have an annual fee.

American Express vs. Triangle Mastercard Credit Cards

1.  Cobalt Card

The American Express Cobalt Card is superior to the Triangle Mastercard, which is still a superb card. This is a result of the Cobalt Card’s various features and perks and the welcome bonus of 30,000 MR points, valued between $1,000 and $1,500.

For instance, you will receive 1 MR point for every $1 spent on all card purchases, which we value at 2-3 cents each. As a result, you effectively receive a discount of 2–3% off every purchase or $20–30 in incentives for every $1,000 you spend.

The Cobalt Card offers you 2-4 times the benefits compared to the 0.8% in CTM you receive from the Triangle Mastercard. The American Express Cobalt Card is the card for you if you’re seeking a low-fee card that offers you more than the Triangle Mastercard.

2. Marriott Bonvoy Credit Card

Anyone looking for an alternative to the Triangle Mastercard might consider the Marriott Bonvoy Card. It has a welcome bonus of up to 50,000 Marriott Bonvoy points (worth $1,000+), and you may earn 5 points for every $1 you spend on eligible travel and fuel purchases for the first three months of card membership.

In addition, the Marriott Bonvoy Card offers one complimentary night each year at a five-star hotel and free Marriott Bonvoy Silver Elite status to elevate your trips.

The Marriott Bonvoy Card offers a higher value than the Triangle Mastercard when you consider the comprehensive travel insurance included with the card.

The Triangle Mastercard’s Advantages

Let’s examine the Triangle Mastercard’s positive attributes.

1. 4% Canadian Tire cash back on some retail purchases

This credit card considerably increases your Canadian Tire Money rewards earn rate, offering you 4% back on those transactions if you make any purchases at Canadian Tire, Sport Chek, Mark’s, and Atmosphere locations.

Although this is a reasonable earning rate, there are some associated disadvantages.

2. Some groceries are eligible for the 1.5% Canadian Tire cashback program.

Using the Triangle Mastercard to pay for groceries, you’ll receive 1.5% Canadian Tire Money back; Costco and Walmart are omitted. Despite the high bonus earn rate, it’s unfortunate that both of these large

3. No requirement for a minimum income

Due to the Triangle Mastercard’s lack of minimum income limits, more Canadians may apply. You should bear in mind while using that you must still have decent credit to be eligible for this card.

If you have poor credit, you should reconsider applying for this credit card because each credit card application will temporarily damage your credit score.

4. Gas+ and Husky gas stations offer 5 cents in Canadian Tire cash back per liter.

Using the Triangle Mastercard, you can get more Canadian Tire Money back. Of course, the value of this incentive depends on petrol prices, but 5 cents back on every liter is still a respectable earning rate.

However, as you are earning Canadian Tire Money rather than genuine cash back, the value of your incentives is constrained.

5. In-store financing at Canadian Tire for two months with no fees or charges

You can obtain no license or interest financing on qualifying purchases of $150 or more if you have a Triangle Mastercard.

You may use this to spread out the cost of more oversized items across 24 equal monthly payments.

This is only offered at Canadian Tire, Sport Chek, Mark’s, and other participating Canadian Tire retailers.

The Disadvantages Of Canadian Tire Triangle Mastercard

Although the Canadian Tire Triangle Mastercard first seems appealing, it doesn’t compare favorably to many other Canadian credit cards. For the following reasons, I am unable to endorse this card:

1. No initial bonus

The Triangle Mastercard’s lack of an initial welcome bonus may be its most evident flaw. Great cards frequently have welcome bonuses for $500 or more, while truly remarkable cards have welcome bonuses worth much more.

For instance, the Marriott Bonvoy Card’s welcome bonus is 50,000 Marriott Bonvoy points, which are worth $1,000+, whereas the Amex Cobalt Card’s welcome bonus is 30,000 MR points (worth at least $500).

2. Meager earning rate

Although earning 4% CTM on purchases from Canadian Tire may seem alluring, other non-grocery items only make 0.8%, which is relatively low. With the American Express Cobalt Card, you may have up to 10% of your purchases reimbursed.

3. Only Canadian Tire is where you may utilize your CTM.

You may utilize your rewards in many ways with most credit cards, such as cashback against your bill balance and for vacation. However, you can only use your tips with the Triangle Mastercard at Canadian Tire. This card is not for you if you rarely shop at Canadian Tire.

4. Gas+ gas stations are few.

The main advantage of this card is lost if you don’t reside close to one of the 300 Canadian Tire Gas+ gas stations spread out throughout Canada.

Even if you live close to a Petrol+ station, the card’s value is significantly reduced because gas there often costs roughly 2-3 more cents per liter than other stations.

The 0.8% CTM earn rate and the 5 cents per liter gas savings, the Triangle Mastercard’s two main advantages, aren’t all that amazing when you take a closer look at them. I thus am unable to suggest this card.

Read Also:

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A simple, no-fee credit card, the Canadian Tire Triangle Mastercard gives 4% cash back at Canadian Tire and a 5 per liter gas discount at Canadian Tire gas stations.

The card, however, falls short in several crucial areas and does not offer the significant incentives and perks offered by other Canadian cards.

Instead, we advise requesting one of American Express’ low-fee cards, including the Cobalt Card or the Marriott Bonvoy Card.

Both provide attractive welcome bonuses (worth $1,000 or more) and many more perks than the Triangle Mastercard, making them superior values in the short and long term.


Is Triangle Mastercard The Same As Canadian Tire Mastercard?

The Canadian Tire Triangle Mastercard is another name for the Triangle Mastercard.

This credit card, which Canadian Tire Financial provides, the company’s bank, can be used to increase the rate at which you earn Canadian Tire Money or to obtain special financing with no fees or interest for more significant purchases made at Canadian Tire locations.

Is Canadian Tire Mastercard A Real Credit Card?

A simple, no-fee credit card, the Canadian Tire Triangle Mastercard gives 4% cash back at Canadian Tire and a 5 per liter gas discount at Canadian Tire gas stations.

What Credit Score Do You Need For Canadian Tire Mastercard?

There is no required minimum credit score to qualify for the card, although it is advised that you have a score of 660 or above.

Which Bank Owns Canadian Tire Mastercard?

Canadian Tire Corporation, Limited is the owner and operator of the Triangle Rewards Program. Canadian Tire Bank is the issuer of the Triangle Mastercard®, Triangle World Mastercard®, and Triangle World Elite Mastercard®.

What Are The Benefits Of A Triangle Mastercard?

  • 4% at SportsChek and Mark’s.
  • Gas incentives.
  • Earn points anywhere.
  • It is simple to obtain.
  • There are several places where rewards cannot be used.
  • Based on pre-tax pricing, the earn rate is 4%.

You can learn more from the video below:

About Author

Canadian Tire Triangle Mastercard
Lydia Alolade
I am a professional article and e-book writer with 4 years of experience, I write on well research content on cryptocurrency, stocks, loans and finances.

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