When you use your new Triangle Mastercard and make your first purchase at one of their affiliated merchants, you’ll receive 15% back in CT Money.
Because it’s quite simple to qualify for, the TriangleTM Mastercard® is frequently seen as one of the Canadian Tire Mastercards that is more widely available. Is that the card you should use? In this Triangle Mastercard review, we provide all the information you require to make a decision.
Pros and Cons
The TriangleTM Mastercard® offers advantages and disadvantages just like every other type of credit card. Here are some positive and negative aspects of this credit card.
Pros
- No annual fee
- Easy to qualify for
- You can use your rewards at any time
- Personalized bonus rewards through your online account or the app
- Easy to earn CT Money®
Cons
- 4% pre-tax earn rate
- Costco and Walmart do not qualify as grocery stores
- Maximum spend of $12,000/year for 1.5% CT Money® at grocery stores
- Limited and inflexible rewards program that may not suit everyone
Welcome Bonus
When a person activates their TriangleTM Mastercard® and makes their first purchase at one of the participating stores, they will get 15% back in Canadian Tire Money® as a new cardmember bonus. New cards may receive 4% cash back on purchases every day plus an 11% sign-up bonus, but only up to $50 in Canadian Tire Money.
Main Features
Members of The TriangleTM Mastercard® may accumulate Canadian Tire Money on certain purchases. You can fully maximize your Canadian Tire Triangle Rewards on every transaction when you use your TriangleTM Mastercard® in conjunction with the Canadian Tire Rewards Program. The following are the pay rates:
Earn at Grocery Stores
You may get 1.5% back on grocery purchases if you use the TriangleTM Mastercard®. Although $1,000 a month for food is quite generous and brings you to a total of $180 in Canadian Tire Money annually, there is an annual cap of $12,000. Please be aware that Costco and Walmart are not considered to be food shops.
Earn at Participating Retailers
You will receive 4% back in Canadian Tire Money when you make purchases at Canadian Tire Stores and other participating merchants. This 4% is computed using your pre-tax earnings. Even if your final purchase price is $113 after taxes, you will still receive $4 in Canadian Tire Money if you spend $100 before taxes. These discounts can be worthwhile if you often purchase at Canadian Tire locations.
Earn on all Other Purchases
The percentage of Canadian Tire money earned on non-grocery and non-Canadian Tire partner purchases is 0.5%. In other words, whenever you shop, you make money.
Get CT Money on Fuel
You may earn $0.05 per litre of petrol when you fill up at participating Gas+ or Husky stations. Therefore, the CT Money you receive with this card will undoubtedly result in significant savings if you frequently travel by automobile to work or for other purposes.
Additional Perks
The TriangleTM Mastercard® includes a few additional perks and advantages for cardholders in addition to the primary characteristics mentioned above, including the following:
No Fee, No Interest Financing
You can ask to utilize the Equal Payments option if you spend $150 or more on qualified products at a participating shop, whether you do it in person or online. Your credit card will then be charged the full amount of the purchase, which will then be split into equal monthly payments over the following 24 months. For instance, if your pre-tax purchase price was $250, your monthly payments for the following 24 months would be $10.42.
Personalized Offers
Participating stores reveal new deals every Friday, including discounts and Bonus Day events. These promotions may be activated via the Triangle App, your email, or the Triangle website.
Additionally, cardholders will have access to member-only events and other discounts.
No Receipt Returns
If you scan your TriangleTM Mastercard®, you may make returns without a receipt. Your data and receipt will be accessible to participating shops in the system.
Rates & Fees
The fact that there is no annual charge for the TriangleTM Mastercard® adds to its appeal. While your credit score may affect it, the average purchase APR is 19.99% (excluding cash transactions and associated costs). * The balance transfer APR is 22.99% (21.99% for Quebec residents) and the cash advance APR is 22.99% (21.99% for Quebec residents).
*Although a credit score is not necessary to qualify for this card, customers with lower scores can pay a higher purchase interest rate.
How to Get the Card
The TriangleTM Mastercard® application process is quick and simple online.
After clicking “apply,” you will be prompted to enter the normal personal data, including your contact details and address. Please make sure you have access to your social security number since you will require it.
The real card for the TriangleTM Mastercard® should come in 7–10 days if you are authorized.
How to Use Canadian Tire Money
There is no minimum amount required to use Canadian Tire Money at any participating Canadian Tire retail partner. In other words, one Canadian Tire Dollar is worth one Dollar in actual money and vice versa. When you are ready to redeem, show the cashier your card along with your purchase and indicate that you would want to use your Canadian Tire Money as payment.
It’s crucial to remember that even while you may accumulate Canadian Tire Money by buying petrol, you cannot use your Canadian Tire Money to buy gasoline.
How Does It Compare?
| Card Name | TriangleTM Mastercard® | PC Financial World Elite Mastercard |
|---|---|---|
| Welcome Bonus | 15% CT Money | None |
| Rewards | 4% at partner retailers 1.5% at grocery stores 0.5% elsewhere $0.05/Litre on fuel at Gas+ and Husky stations° | 3% at participating Loblaw & Shoppers Drug Mart Stores 3% on PC mobile and PC travel 1% on all other purchases 2 to 3 cents per litre in bonus PC points for fuel at Esso |
| Added Perks | No fee no interest financing Personalized offers | Travel medical insurance Premium benefits |
| Annual Fee | $0 | $0 |
You can notice that neither card has an annual charge at first sight. This does not imply that these credit cards are equal, though. The PC Financial World Elite Mastercard needs a minimum personal income of $80,000 or family income of $150,000, making it less widely available than the TriangleTM Mastercard®, which has no minimum income criteria.
The PC Financial World Elite Mastercard is superior since it offers a better earn rate for groceries (30 points for every $1 spent), but it is only valid at Shoppers Drug Mart and the PC brand, which not all of us frequent.
Given that neither card has a minimum income criterion and offers points for shopping, particularly for groceries, the TriangleTM Mastercard® stands out.
Final Word
Many Canadians may benefit from The TriangleTM Mastercard®, but families may be particularly drawn to this card. For individuals wishing to make money on regular purchases, CT Money is an excellent option because it allows you to earn on items like groceries, home improvement projects, apparel, sporting goods, and petrol.
For being a profitable card with no annual charge and being simple to qualify for, it earns extra points from us. If you often shop at Canadian Tire or one of its partner stores, even though Canadian Tire Money® may not be as versatile as other cash back reward cards, it could be worth your time.