The iconic Canadian Tire has been around for nearly 100 years, so it’s safe to say it knows a thing or two about loyalty. Its customers may not have stacks of paper Canadian Tire Money collecting in their junk drawer anymore, but the digital equivalent stored on the Triangle Mastercard is just as rewarding (and easier to keep track of too).
The Triangle Mastercard itself is a basic, no-annual-fee credit card, perfect for cardholders that don’t need all the typical bells and whistles found on premium credit cards.
Cardholders will receive 4% cash back in the form of CT Money on everyday purchases at Canadian Tire and a handful of other participating retailers owned by Canadian Tire Corporation, Limited. The card also earns 1.5% on groceries, $0.5 on fuel and 0.5% back when you shop anywhere else.
Just like the paper Canadian Tire Money, you can stack CT Money with bonus offers to earn even more CT Money on your spending. Cardholders can receive weekly deals and access to bonus events that earn 30 times more per dollar on purchases. Plus, if you still have a few old bills of the physical Canadian Tire Money lying around, you can convert them into digital dollars at any Canadian Tire store.
If you frequently shop at Canadian Tire or any of the other partners, you can quickly rack up CT Money with this card. You can collect 4% on eligible purchases at Canadian Tire and participating retailers for sporting equipment, home and lifestyle goods, and car rentals. However, the earn rate drops to 0.5% when you shop anywhere other than the approved partner stores.
Every time you fill up at Gas+ and Essence+ pumps, you can earn $0.5 per litre on all fuel types, including diesel. There are no minimums or maximums on the fuel required to qualify for the cash back rate.
Cardholders can also collect 1.5% on groceries up to $12,000 in purchases per year, but it’s important to note that this excludes Costco and Walmart.
The earn rates are decent, but the “cash” you get back is digital CT Money. That means, you can only spend it at the retailers under the Canadian Tire corporate umbrella. You will also only be collecting rewards on pre-tax amounts. Plus, there are plenty of other cash back credit cards that put real money back in your pocket based on the total transaction amount and have higher earn rates, to boot.
Redeeming rewards is relatively straightforward. Simply show your card to a cashier or use your points online at any partner location and watch the price go down. The easiest way to use your rewards is through the Triangle Mastercard App. The app will give you quick access to your rewards total and available bonus offers.
The dollar for dollar redemption value is respectable and the app is handy, but you can only redeem rewards at approved locations that accept CT Money.
This puts a cap on what you can buy with your rewards. Another drawback is the cash back earned at Gas+ and Essence+ can’t be redeemed for fuel. Other credit cards give you real cash back to put towards gas bills, like the American Express Gold Rewards Card.
We did the math for you by calculating what the average Canadian spends every year for each TD Cash Back Visa Infinite cash back category. Forbes Advisor uses data from multiple government agencies in order to determine both baseline income and credit card spending averages across various categories.
Forbes Advisor estimates the total annual credit card spending to be $27,851.70. Of that amount, grocery purchases add up to $7,536, earning $113.04 in CT Money the 1.5% rate. All other spending would earn the 0.5% rate, unless it was at partner stores. So, the $3,360 on gas, coming out to $16.80 in CT Money and the $2,436 in recurring bills ($2,436) would amount to $12.18. Canadians also spend $14,519.
70 in other spending categories (like dining, air travel, hotels, online purchases and miscellaneous spending) that could reasonably be charged to a credit card and would earn at the base rate of 0.5%, earning them. That would amount to just $72.59 in CT Money, earning them a grand total of $214.61 in CT Money per year.
Overall, the Triangle Mastercard doesn’t earn very much considering that there are other credit cards out there that offer more flexible rewards (like cash) and can earn upwards of $500 a year, based on the exact same spending. That said, we didn’t account for purchases made at partner stores, since sporting equipment, workwear and Canadian Tire shopping don’t fall into typical spending categories. But, if you spend a lot at those stores, this card might be well worth the 4% back in CT Money.
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The Triangle World Mastercard is an invite-only card. Getting an invitation will depend on your membership and spending history. This information is kept under lock and key, just like the application. Like its lower-tier counterpart, there are no annual fees or income requirements. Cash back rewards follow the same structure, with a slight increase in earn rates on fuel that pays $0.
5 per litre on premium grades and $0.7 per litre on all other fuel types, but this slight increase might not be worth the invite for everyone.
The Triangle World Elite Mastercard is available to those who meet the income requirements of $80,000 annual earnings or $150,000 household income. Cardholders can still skip the annual fees and earn the same cash back at participating retail stores and gas stations. Rewards are boosted to 3% for grocery stores and 1% on other purchases. Based on the same annual spending calculations, Triangle World Elite Mastercard holders can earn $327.64 annually, compared to the Triangle Mastercard’s $214.60. Plus, they’ll get additional perks like car rental insurance, a 90-day purchase warranty, roadside assistance, and 24/7 concierge services. If you can qualify, the Triangle World Elite beats the regular Triangle Mastercard pretty handily.
The CIBC Costco Mastercard offers 3% cash back (and that’s real cash back) at restaurants and Costco gas stations.
Cardholders earn 2% at other gas stations and on Costco.ca. All other purchases offer 1% cash back wherever Mastercard is accepted. There are no annual fees or limits on cash back rewards. Forbes Advisor estimates CIBC Costco Mastercard holders can earn $422.58 annually with Costco purchases or $367.62 with non-Costco purchases. Both numbers trump the Triangle Mastercard’s annual estimated earnings of $214.60—and it earns cash back you can use anywhere, not just at specific stores.
The CIBC Costco Mastercard also has additional benefits like liability protection, extended warranty, and $1,000 mobile device insurance.
When determining a rating for individual credit cards, the Forbes Advisor Canada editorial team factors in an exhaustive list of data points. With cash back, the scoring model used takes into account factors such as, but not limited to, cash back rates and categories, fees, welcome bonus, and other rewards and features. Keep in mind, what may be best for some people might not be right for you.
Conduct informed research before deciding which cards will best help you achieve your financial goals.
Earning free money—even if it has the Canadian Tire logo—is a great way to get paid for things you already buy. If you frequently shop at Canadian Tire and its partner retailers , the Triangle Mastercard offers rewards with little to no risk. You don’t need to make a certain amount of money to get approved and there are no annual fees to surprise you on the credit card bill. Anyone that plays sports or has an affinity for the outdoors could benefit from getting cash back on the expensive equipment required for an active lifestyle. However, having an additional cash back card with better earn rates will benefit you much more and have way more flexibility when it comes to your everyday spending.
The Triangle Mastercard credit limit is based on your credit score, credit history and payment history with other Canadian Tire credit cards.
You will be notified of the credit limit when your application is approved.
You need to contact support to increase the Triangle Mastercard credit limit. Customer service is available in English and French via chat, phone and email.
The Triangle Mastercard requires a good or excellent credit score but doesn’t list the specific requirements. These scores typically range between 660 and 760, with 900 being a perfect credit score.
Any store that accepts Mastercard will accept the Triangle Mastercard. You will earn more cash back at Canadian Tire stores and participating retailers, grocery stores, and car rental services.
You can use Triangle Mastercard points anywhere that accepts CT Money. Locations include, but are not limited to, Canadian Tire, SportChek, Mark’s, Pro Hockey Life, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores.
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Calculate how much Canadian Tire Money you can earn with promotional multipliers and how much you can earn with the Triangle Mastercard.
Last Updated 2022-06-29 By R.Flowers III
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Triangle Rewards is a rewards program offered by Canadian Tire which is a Canadian retail company based out of Toronto, Ontario, Canada.
It's a free rewards program that allows you to collect Canadian Tire Money, also known as CT Money, when making purchases at Canadian Tire stores in Canada. CT Money earned in the Triangle Rewards program can be used at Canadian Tire, Sport Chek, and participating Mark's/L'Equipeur and Atmosphere stores.
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Use the Canadian Money Calculator to calculate how much CT Money you can earn based on spend per dollar, promotional multipliers, and the Triangle Mastercard. Remember that you will only earn on the pre-tax amount so be sure not to include the total cost.
When shopping at Canadian Tire and partners, you'll earn at a base of 0.4% per $1 spent. This means that every $250 you spend, you'll earn $1 back in Canadian Tire Money.
You can earn additional CT Money through promotional multipliers and using a Triangle Mastercard.
During Canadian Tire's promotional multipliers, you'll earn significantly more CT Money. The table below lists out how much you will earn per $1 spent using common promotional multipliers.
| Promotional multiplier | CT Money earned per $1 spent |
|---|---|
| None | 0.4% |
| 5X | 2% |
| 10X | 4% |
| 15X | 6% |
| 20X | 8% |
| 25X | 10% |
| 30X | 12% |
| 40X | 16% |
| 50X | 20% |
Example: If you were to spend $250 pre-tax at a Canadian Tire store with a 30X multiplier, you would earn 12% back per dollar spent for a total of $30 in CT Money.
You can earn an additional 4% back in CT Money on top of the CT Money you would normally earn when using a Triangle Mastercard to make purchases at Canadian Tire and their partners.
Example: If you were to spend $250 pre-tax at a Canadian Tire store with a 30X multiplier using a Triangle Mastercard, you would earn $40 in CT Money.
Input your monthly and yearly spend into the Triangle Mastercard calculators to find out how much you can earn. Compare the results side by side credit cards from any issuer and see which cards earn you the most rewards.
The Triangle Mastercard earns up to 4% back in CT Money on your purchases and has no income requirements you have to meet in order to apply/qualify for the card. While it is an excellent card for earning CT Money, it features no benefits.
The Triangle™ World Elite Mastercard® has no annual fee but it requires an annual minimum income requirement of $80,000 personal or $150,000 household. It earns CT Money at the exact same rate as the Triangle Mastercard when spending with Canadian Tire and their partners, but you will earn additional CT Money spending everywhere else.
Triangle Rewards members earn 0.4% back in Canadian Tire Money per dollar spent pre-tax. So every $250 spent will earn $1 in Canadian Tire Money.
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Input your monthly spend into our calculator below to find out which credit cards will earn you the most points, miles, and cash back per dollar spent. Whole numbers only, no decimals/cents.
Use the full credit card finder tool for additional customization options including the ability to add additional categories, toggle between monthly and yearly spend, and more.
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| 250 CAD | 184.63125 USD | 500 CAD | 369.26250 US0002 All news categories
Categories All news Canada News Vancouver News World News Life in Canada Life in Vancouver About Canada Trips Real estate Technologies Photo/Video Humor Blogs/Opinions Authors All articles Interview Affiliate material Immigration Odds score Immigration News Articles about immigration Subscribe Subscribe The most important news of the day. Life in Canada Anna Green - 6 May 2022, 15:47 Want to buy your first car in Canada? Here is a step by step guide! Are you settled in Canada and want to buy a car but don't know where to start? The process of buying a car can seem intimidating at first. This article will simplify the process by walking you through all the steps. I hope by the end of this article you will understand that the process of buying a car is not so scary.
Buying a car in Canada: 4 steps To complete the process of buying a car in Canada, you need to complete the four steps in this order: Step 1: Get a driver's license Step 1: Get your driver's license The first step to owning a car is getting a driver's license issued by the government of the Canadian province or territory where you live. With this driver's license, you will be able to drive anywhere in Canada. If you have a valid license from another country, you may be able to use it to drive in Canada for a short period of time upon arrival. Depending on the province or territory, you may be required to pass a written traffic test and one or two driving tests. Visit your province or territory's Department of Transportation website for more information on the specific steps you need to take to obtain a Canadian driver's license:
More information is also available on the CanadaVisa forum.
Step 2: Finding a car The most exciting part of the car buying process is researching, driving the cars and finally buying the car that meets your requirements.
Exploration As you explore, you need to ask yourself various questions, such as:
In addition to the amount you can spend on a car, you'll also want to have extra money set aside for ongoing and unexpected maintenance costs and other car expenses such as gasoline. Another example would be the purchase of 4 winter tires, which are fitted to your vehicle between October and April to help you navigate Canada's icy and snowy roads. You should also be aware that when you buy a car, you will have to pay tax and possibly other fees. Even if you buy a used car from a private seller, you may have to pay sales tax when you register ownership of the car with the government. You should also be aware that in Canada, monthly car insurance is required by law.
If you only need a car to get around, then you might consider purchasing a sedan worthwhile.
In Canada, cars with automatic transmission are more common, but you can also find cars with manual transmission. Cars with a manual transmission tend to be slightly cheaper than their automatic counterparts.
New cars give you peace of mind and the satisfaction of being the first person to own this car. On the other hand, they tend to be more expensive and depreciate faster than used cars. This is important to consider if you think you might be able to resell the car in the future. There are many used cars for sale in Canada and you can also find almost new used cars.
Where to find cars to buy in Canada There are many websites where you can find cars that you would like to inspect and test drive in person. Examples include: Google : You can Google "car dealers" to see the nearest car dealerships in Canada. It will also give you the opportunity to read other buyers' reviews of their experiences with these dealers. Kijiji : Kijiji is owned by Google and is a marketplace that features both auto dealers and used cars from private sellers. One of the benefits of buying from a private seller is that it can be cheaper to buy from a private seller as they don't have the same expenses as a car dealership (eg marketing, salaries, insurance, rent, etc.). On the other hand, one must be very careful when buying from private sellers as they may not reveal the full history of the car. Facebook Marketplace: This is another common place to find used cars from private sellers. There are many websites dedicated to posting car ads, including:
Nowadays, more and more companies provide you with the opportunity to make a car purchase via the Internet. In recent years, this service has become widespread and is being promoted as an alternative to the traditional way of buying a car in person. The benefits of buying online include having the car delivered to your door in as little as 24 hours and the ability to return the car if you change your mind.
It is normal to test drive a car in Canada. Just be prepared to show your driver's license before you are allowed to drive. If the car is used, you'll want to look at the way it looks, handles, sounds, and smells in any way. It's okay to bring relatives or friends with you so they can inspect the car with you as well. Once you have decided to purchase a used car and have agreed on the price and all other terms with the dealership or dealer, you may want to ask if it is possible to have an independent auto mechanic inspect the vehicle prior to purchase. In addition, there are many resources available for learning about the history of a used car. Often such documents are provided by the car dealer, but private sellers may also have them. However, you may want to do some additional checking yourself. Each vehicle has a unique identification number (or VIN) that can be found in several places on the vehicle (for example, at the junction of the windshield with the dashboard and inside the driver's side door). You can then use that VIN to find a specific vehicle. Available resources include:
You can pay a certain amount on websites like Carfax to get a vehicle history report.
In addition, depending on the province or territory, it may be mandatory to purchase a government-issued document that discloses background information about the used vehicle's history (such as a "Vehicle Information Report" or "Used Vehicle Information Package"). If the seller does not provide such a document, the buyer may request a report from the government of his province or territory. It is very important to know if a car has a lien. You should ask the seller this question and verify this information by conducting your own inspection of the vehicle. Subscribe to our Telegram channel, where you can quickly find out all the latest news.
Yes, it is customary in Canadian society to negotiate the final price of a vehicle, whether new or used. The best way to negotiate is to be prepared by researching the average current selling price of a car online, based on model, age, and mileage. If you're buying a car from a dealership, find out what the dealer's price is, including taxes and all other fees, before negotiating. The dealer may waive or reduce some fees, but may not remove other charges such as state sales tax. Once you've made your offer, provide the seller with evidence of why you think your offer is fair. This can be demonstrated by displaying advertisements for the same car in your city or a competitor's dealer. Dealers are generally willing to negotiate, but have less ability to cut prices because of the overheads they have to account for. On the other hand, a private seller can sell a car for any price he thinks is reasonable. To increase your chances of the seller accepting your offer, it is important to negotiate in good faith and make an offer close to or slightly below market value. Underpricing can cause negotiations to end quickly. On the other hand, if you think the price is too high for a particular car, then you should walk away and remember that there are many other cars on the market that suit your needs and budget.
You can pay for your car in a variety of ways, including full purchase price, financing or leasing. If you are going to pay the full cost of the car up front, you can bring cash or ask the seller if they will accept another secure form of payment, such as a bank draft. You can also apply for car financing. You can try to get financing from your bank or another lender. Or you can get financing from a car dealer. This means that you will be responsible for paying the loan and interest, and once you have paid them in full, you will become the owner of the car. The third option is to rent a car. This means that you pay for car rental for a certain period of time. At the end of the rental period, you either return the car or pay the remaining amount to purchase it. If you are looking to purchase a vehicle through leasing or financing, it is important to do a thorough research during the process. Always read the fine print and ask questions to fully understand the terms of the deal.
Step 3: Get car insurance In Canada, the law requires you to insure your car. Getting caught without auto insurance is a serious offense that can result in heavy fines, possible loss of your driver's license, and other possible consequences such as temporary vehicle seizures, and increased auto insurance rates. Auto insurance is also required to be able to register your car with the government. There are different types of auto insurance plans, including insurance for yourself and your car and/or other people and their cars if you are at fault in an accident. Types of car insurance in Canada include: Liability insurance. This is the minimum required insurance in Canada. It covers you if you injure someone or damage their car. The required minimum coverage varies by province. As a rule, Canadians choose coverage in the range of 1-2 million dollars. It's important to have enough coverage so that you don't have to pay extra out of pocket if you get into an accident. Collision cover. This coverage is optional but recommended because it covers the cost of repairing or replacing your vehicle if you are at fault in an accident. A deductible is required, which means you will have to pay a certain amount before the insurer covers the rest of the costs. You can choose the deductible amount. Common deductions are $500, $1,000, and $2,000. Comprehensive coverage. It protects your vehicle when you are not driving, for example in the event of theft or damage while parked (eg due to bad weather). This coverage also requires a deductible, which you may choose to own. Usually a wide range of quotes can be obtained from different insurers. Subscribe to our Telegram channel, where you can quickly find out all the latest news. You may want to contact an insurance broker for help. Insurance brokers have a duty to look after your best interests. You can search for insurance brokers on Google or ask relatives and friends for recommendations. You can also enter your details on the websites of various insurance aggregators, as well as the insurers themselves, to get real-time settlement quotes. Ultimately, to get a final offer, you will need to talk to your insurer over the phone. After you take out insurance, the insurer will send you a confirmation of coverage by email or in your mailbox. This proof must be taken with you to the Provincial or Territory Department of Transportation in order to complete the vehicle registration process.
Step 4: Register your vehicle If you buy a vehicle from a dealer, they usually complete the registration process with your provincial or territorial government. If you buy a car from a private seller, you will have to register the car yourself with the government. You need to bring the following with you:
Each province and territory has its own rules regarding the steps to be taken to register a privately sold used vehicle. Carfax provides an overview of regulations across Canada. If you do not have a license plate for your car, you can purchase one at registration. Your province or territory will also calculate and levy sales tax on you based on the purchase or wholesale value of the vehicle, although again the rules vary by jurisdiction. Enjoy your first car in Canada! After all, buying a car in Canada is not that hard. Now you can explore the 7 best road routes in maple leaf country. It's worth it, believe me 🙂 Source Rate the article on a 5-point scale Average rating 0 / 5.  |
