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Triangle Mastercard: Which Canadian Tire Card is Right for You?

Triangle Mastercard: Which Canadian Tire Card is Right for You?

If you love shopping at Canadian Tire or any of its partner stores, such as Sport Chek or Marks (Work Warehouse), you may be interested in their trio of Triangle Mastercard products.

This credit card lineup is unique in that they all come without an annual fee, from the entry level card to the premium, feature-laden, Triangle World Elite Mastercard.

In this article, I’ll review all three Triangle Mastercards. I’ll also explain the difference between earning Canadian Tire Money with a Triangle Mastercard, versus the Triangle Rewards program.

Triangle World Elite Mastercard

The Triangle World Elite Mastercard is Canadian Tire’s premium credit card, featuring a rich rewards program, as well as numerous other benefits. Let’s break down the full offering from this top-level Triangle credit card.

No Annual Fee

At first glance, what jumps out is the fact that there is no annual fee. This is a rarity among premium credit cards, as the increased benefits are almost always offset in part by high annual fees.

Having no annual fee on a card of this stature is a real selling point.

Collecting Canadian Tire Money

In years past, one downside to shopping at Canadian Tire was that you couldn’t earn Canadian Tire Money when you made your purchase with a credit card. Only cash and debit transactions qualified. This changed when Canadian Tire introduced their family of Triangle Mastercards.

With the World Elite Mastercard, you’ll earn 4% in Canadian Tire Money (also known as CT Money), when you shop at Canadian Tire, Sport Chek, participating Mark’s, L’Equipeur, and Atmosphere stores.

In addition, you’ll earn 3% in CT Money on grocery purchases, on the first $12,000 per year. I should point out that Walmart and Costco are not included as eligible grocery stores, which might be a turn-off for some shoppers. Still, 3% on grocery purchases is a lucrative reward, especially with such a high annual spending cap.

Fuel Discounts

With the Triangle World Elite Mastercard, you’ll receive a discount of 7 cents/litre when you fill up with premium fuel at any Gas+/Essence+ location, as well as participating Husky stations. The discount on lower grades of fuel is 5 cents/litre.

While this is a great feature, you’ll want to make sure you have access to the participating stations to fill up your tank, as they offer fewer locations when compared to leading brands like Esso, or Petro Canada.

No Fee / No Interest Financing

When you make a qualifying purchase of $200 or more at any Canadian Tire, Sport Chek, or participating Marks/Atmosphere store, you can opt to finance the purchase over a 12-month period, with no interest or set up fees. Here’s how it works.

Let’s say you spend $1000 on tires for your car. If you pay with your Triangle World Elite credit card, you can choose to finance the purchase in 12 equal monthly installments.

Your credit card limit would be reduced by the amount of the purchase, and the monthly installment would be included in your minimum payment when you receive your statement.

As long as you make the required monthly payment on time, no fees or interest will be charged.

This way, if you encounter a costly or unexpected expense you might not have budgeted for, you can take your time to pay it off without having to worry about high-interest charges.

Here’s a full list of the features offered by the Triangle World Elite Mastercard:

  • No Annual Fee
  • Earn 4% CT Money on qualifying purchases at Canadian Tire, Sport Chek and participating Marks/Atmosphere locations
  • Earn 3% CT Money on grocery purchases, up to $12,000/a (excluding Walmart & Costco)
  • Earn 1% on all other purchases
  • Discount of 7 cents/litre on premium fuel fill-ups at participating gas stations. (5 cents/litre for all other fuel grades)
  • Available No Fee, No Interest Financing on purchases over $200, at Triangle stores
  • Triangle World Elite Roadside Assistance Gold Plan included
  • Purchase Security and Extended Warranty protection
  • Car Rental Collision/Loss Damage Waiver Insurance
  • 24/7 Concierge Services
  • Enhanced Customer Service
  • $80,000 annual income (individual) requirement to qualify
  • 19.99% purchase interest rate / 22.9% on cash advances

Triangle World Mastercard

* Currently available by invite-only.

The Triangle World Mastercard is Canadian Tire’s mid-tier credit card. It is currently available by invite only. I assume that this means Canadian Tire reserves the card for targeted promotions online, or via mail.

What’s important to know is that it covers several of the features and benefits of the Triangle World Elite Card, with a few exclusions. For example, cardholders won’t earn 3% CT Money on grocery purchases, and the roadside assistance isn’t included.

Here’s a detailed list at what is included with the Triangle World Mastercard:

  • No Annual Fee
  • Earn 4% CT Money on qualifying purchases at Canadian Tire, Sport Chek and participating Marks/Atmosphere locations
  • Earn 1% on all other purchases
  • Discount of 7 cents/litre on premium fuel fill-ups at participating gas stations (5 cents/litre for all other fuel grades)
  • Available No Fee, No Interest Financing on purchases over $200, at Triangle stores
  • Purchase Security and Extended Warranty protection
  • Car Rental Collision/Loss Damage Waiver Insurance
  • Enhanced Customer Service (priority queuing)
  • 19.99% purchase interest rate / 22.9% on cash advances

Triangle Mastercard

The Triangle Mastercard is the entry level Mastercard offered by Canadian Tire. This card strips away some of the premium features of the World Elite credit card, while maintaining some of the key benefits.

With the Triangle Mastercard, customers still earn 4% in Canadian Tire Money on eligible purchases at Triangle retailers. They also have the option of selecting the no fee, no interest financing feature that I mentioned earlier when making purchases of $200 or more at the same Triangle stores.

The 7 cent/litre discount on premium fuel is gone, while the 5 cent/litre on regular and mid-grade fuel purchases remains.

Not surprisingly, the basic card doesn’t include the roadside assistance or 24/7 concierge service that’s available on the premium card. I am a bit surprised that the Extended Warranty and Purchase Protection is not included with the basic card, as many competitors offer this benefit on their no fee, entry-level credit cards.

I should point out, there is no minimum annual income requirement on either the Triangle Mastercard or the mid-level Triangle World Mastercard.

Here is a full list of the features and benefits included with the Triangle Mastercard:

  • No Annual Fee
  • Earn 4% CT Money on qualifying purchases at Canadian Tire, Sport Chek and participating Marks/Atmosphere locations
  • Earn 1% on all other purchases
  • Discount of 5 cents/litre on regular and mid-grade fuel fill-ups at participating gas stations
  • Available No Fee, No Interest Financing on purchases over $200, at Triangle stores
  • 19.99% purchase interest rate / 22.9% on cash advances

Triangle Mastercards And Triangle Rewards

When you receive your Triangle Mastercard, you are automatically registered in the Triangle Rewards program.

This is the free program that allows Canadian Tire customers to collect and redeem Canadian Tire Money, become eligible for bonus rewards, as well as a host of other benefits. For example, Triangle Rewards members can return items without having to produce a receipt, a nice perk.

In the future, I’ll include a full review of the Triangle Rewards program, but for now, I’ll stick to what Triangle Mastercard holders need to know.

Triangle Rewards members automatically collect .40% in CT Money on their pre-tax purchase amount.

While the Triangle Mastercard rate of 4% is far superior, it’s important to note that regular Triangle Rewards cannot be stacked on top of the rewards earned by the credit card.

If you make your purchase with the Triangle Mastercard, you’ll earn a maximum of 4% on your purchase.

Exclusive Triangle Offers

The good news is that you are still eligible to collect any bonus rewards offered by the Triangle Rewards program when you pay with your Triangle Mastercard.

These limited time offers arrive via e-mail, flyer, or during Triangle Rewards Days, and can provide up to 10X rewards.

Which Triangle Mastercard is Best for You?

With its family of Triangle Mastercards, Canadian Tire has delivered a product that will appeal to many Canadian shoppers.

What stands out for me is the no annual fee on the premium Triangle World Elite Mastercard, the ability to collect a whopping 4% in Canadian Tire Money, and the choice of no fee, zero percent financing on major purchases.

With these rewards extending to other popular Canadian Tire retail partners, it makes for a rich rewards program.

On the downside, if you don’t often shop at Canadian Tire, Sport Chek, or Marks, or you prefer to buy your groceries at either Walmart or Costco, you’ll be far less likely to maximize the rewards offered by Triangle Mastercards.

Comments

  1. Darlene M Crowder

    We love our triangle mastercard .We love all the extra rewards.

  2. Gaylene Sigurdson

    I REVIEWED YOUR TRIANGLE MASTERCARD & IN SO DOING FOUND MYSELF REGISTERED WITH NUROGYM- A MAKE MONEY ONLINE VENURE- AND QUESTIONABLE. I WILL PASS ON ANY FURTHER REVIEWS.

    G.SIGURDSON

    • Tom Drake

      Gaylene, are you referring to an ad on the site? I don’t place those on the page myself (it’s automated), but I do want to know about any ads that don’t sound legit!

  3. Money Mechanic

    That no fee, no interest financing sounds like it could be a dangerous thing. Will the people who use this have the discipline to keep up with the monthly payments? I hope so. Otherwise, the cards have some good features.

  4. John Rowland

    Tom,
    I appreciate your clear, simple to explanation of CTC credit cards. The enthusiastic shills loose in CTC stores can be misleading.

  5. H. Patlik

    Do you have to spend a minimum amount to get the gas discount? Previous CT card required min of $1,000/mnth

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