Canadian Tire's Triangle Rewards is your ticket to savings on home furnishings, DIY projects, sporting goods and more.
Who doesn’t have a few old Canadian Tire Money bills in their car or sitting in a drawer at home? The paper money may be long gone but the new, digital Triangle Rewards and CT Money are still a rewards currency worth paying attention to.
Best Triangle Rewards credit cards
What is the Triangle Rewards Program?
Canadian Tire is an iconic Canadian brand and the company’s Canadian Tire Money was one of Canada’s most beloved loyalty programs. To appeal to a younger and more-digitally minded demographic, Canadian Tire launched a new loyalty program in 2018 called Triangle Rewards, with paper CT Money discontinued after 2020.
The Triangle Rewards program allows members to collect and redeem Canadian Tire Money (also known as CT Money) online and in-store at Canadian Tire and a variety of other retailers, or when making a purchase with a Triangle Mastercard credit card (Canadian Tire offers 3 unique cards, more on them below).
Who can benefit most from the Triangle Rewards Program?
Canadian Tire Triangle Rewards might be fairly new, but Canadian Tire Money is a currency with a long history of satisfied customers. The Triangle Rewards program is ideal for anyone who does a majority of their weekly spending with Canadian Tire brands, such as commuters who get their gas at Gas+. Additionally, parents with kids in sports is likely to find considerable value with Triangle Rewards, especially given the huge number of sports brands under the CT umbrella. The same thing goes for people who frequently shop at Canadian Tire department stores.
The program isn't right for everyone, however. Canadian Tire doesn't have a huge grocery presence, with only snacks and beverages for sale. This limitation means the program isn't ideal if you are looking to maximize grocery savings, although given the program's free nature, it's hardly a major concern.
Canadian Tire Rewards pros and cons
Pros
-
Earn rates: Canadian Tire credit cards offer solid earn rates across a number of categories.
-
Large number of eligible brands: CT Money applies to over ten brands, including Sport Chek, Mark's, Atmosphere, Gas+ and more.
-
Bonus offers: Canadian Tire Rewards often provides bonus offers valued at up to 50x points back in CT Money. These offers can significantly increase your rewards total.
Cons
-
Rewards expire: CT Money expires after 18 months of account inactivity.
-
Limited redemption options: CT Money can only be spent at Canadian Tire partner brands.
How to join CT Triangle Rewards
Signing up for the Triangle Rewards program is very quick and easy:
- Go to the Canadian Tire Triangle Rewards website (www.triangle.canadiantire.ca)
- Click “Join Triangle Rewards”
- Provide basic information, including name, address and phone number
- Create a username and password
Once you’ve joined, you can register your card immediately on the same page. You can also sign up directly on the spot at any Canadian Tire store or through the Triangle Rewards mobile app (available in the App Store and Google Play Store).
Triangle Rewards tiers
Canadian Tire Triangle Rewards
The Triangle Rewards program consists of two tiers: a free tier and a premium version. The first tier is what most Canadians think of when you imagine Triangle Rewards; that is, it's what you get when you sign up for free at Canadian Tire or through the website or mobile app. The base tier of CT Triangle Rewards is free to join and offers a 0.4% everyday rewards base earn on purchases with Canadian Tire companies.
Canadian Tire Triangle Select
Canadian Tire introduced a premium tier to its Triangle Rewards in 2023. Canadian Tire Triangle Select is a $89 per year tier that provides enhanced cash back on Canadian Tire purchases, in-store “brand boosts” on select names in select categories like apparel, home and outdoor living, and a gift card welcome bonus.
Triangle Select members with a CT Triangle Mastercard stand to earn even more rewards. According to the bank, almost 70% of Select members had one of Canadian Tire's credit cards, so you know it's good.
Triangle Select more than pays for itself with the additional points, welcome gift, and discounts tabulated, but it's not for everyone. If you only shop with CT brands periodically, you might not find value in the elite tier. In these instances, it's simpler (and more rewarding) to get a Canadian Tire Financial credit card, especially given the lack of an annual fee, enhanced earning rates, and bonuses.
How to earn CT Money in Triangle Rewards
One of the best features of Triangle Rewards is the many ways you can earn rewards. You simply show your membership card or have the cashier scan your Triangle app (available for Android and iOS—more on the app below).
Earn with Canadian Tire brands
The simplest way to earn CT Money is by making purchases with eligible Canadian Tire companies. Triangle Rewards members earn a base rate of 0.4% cash back in the form of CT Money when shopping at eligible CT locations.
You can also earn CT Money when making select online purchases at canadiantire.ca.
Canadian Tire Rewards ineligible purchases
You can’t collect CT Money on things like gift cards, lottery tickets, hunting and fishing licenses, labour (other than labour for automobile repairs), prepaid cards, phone cards and tobacco products. A full list of prohibited products is available on the Canadian Tire website.
Earn CT Money with Petro-Canada
Triangle Rewards members now have more ways to save thanks to a partnership between CT and Petro-Canada's Petro‑Points™. Members can link their Petro‑Points and Triangle Rewards accounts. This process allows them to earn both currencies with each fuel transaction at Gas+ or Petro-Canada locations nationwide.
Earn with a Canadian Tire Triangle Rewards credit card
The other and much more lucrative way to earn Canadian Tire Money is by shopping at participating retailers with a Triangle Rewards credit card. There are three Triangle credit cards available: The Triangle™ Mastercard®, the Triangle™ World Elite Mastercard®, and the Triangle™ World Mastercard®.
You can also sign up for the program using the Triangle Rewards app, which is available on both Android and Apple devices. The app also makes it easy to use your membership because you don’t have to worry about memorizing your membership rewards number or carrying around a card and retailers can just scan your app.
Canadian Tire Triangle Rewards credit cards
$0
First Year Value
$0
Annual Value
Get this card if you...
-
frequently shop at Canadian Tire stores
-
want to earn cash back without paying an annual fee
-
value purchase protection and extended warranty coverage
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.99%
Cash Advance
Our Take
The Canadian Tire Cash Advantage® Mastercard® is a no-annual-fee credit card that offers cash back on purchases, with higher rates for spending at Canadian Tire and its affiliated stores. Cardholders can also access promotional financing options for eligible in-store purchases, providing flexibility for larger expenses.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Up to 3% cash back with no caps
-
Special in-store promotional financing options
Cons
-
Limited insurance coverage
-
No welcome bonus for new accounts
-
No gas discounts like other Canadian Tire credit cards
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
Fees
$0
Annual Fee
2.50%
Foreign Transaction
Rewards cash back
3%
up to 3% cash back at Canadian Tire and Canadian Tire companies such as Mark’s, Atmosphere, Party City, Sport Chek and more.
1.5%
cash back on eligible purchases
Our Take
The Canadian Tire Cash Advantage® Mastercard® is a no-annual-fee credit card that offers cash back on purchases, with higher rates for spending at Canadian Tire and its affiliated stores. Cardholders can also access promotional financing options for eligible in-store purchases, providing flexibility for larger expenses.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Up to 3% cash back with no caps
-
Special in-store promotional financing options
Cons
-
Limited insurance coverage
-
No welcome bonus for new accounts
-
No gas discounts like other Canadian Tire credit cards
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
Fees
$0
Annual Fee
2.50%
Foreign Transaction
Rewards cash back
3%
up to 3% cash back at Canadian Tire and Canadian Tire companies such as Mark’s, Atmosphere, Party City, Sport Chek and more.
1.5%
cash back on eligible purchases
The Canadian Tire Cash Advantage Mastercard is the ideal Canadian Tire credit card for anyone who prefers cash back rewards to points or miles. The card’s up to 3% back in Canadian Tire Money® (CT Money) with any of the brands that are part of the Canadian Tire family of companies is excellent, though the rewards may be lacking if your shopping habits involve anything outside of Canadian Tire (which it likely does). All those purchases earn 1.5% cash back.
$198
First Year Value
$0
Annual Value
Get this card if you...
-
frequently shop at Canadian Tire stores
-
want to earn rewards without paying an annual fee
-
want to take advantage of the 0% financing option
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Our Take
The Canadian Tire Triangle® Mastercard® is a no-annual-fee credit card that allows cardholders to earn Canadian Tire Money® (CT Money) on everyday purchases, with elevated rates at Canadian Tire and participating stores such as Sport Chek, Party City, and Mark's. It also offers benefits like savings on fuel at Gas+ and Petro-Canada locations, as well as access to promotional financing options for eligible in-store purchases, making it an ideal choice for frequent shoppers of Canadian Tire and its affiliated brands.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Up to 4% cash back on purchases
-
5¢ back per litre of fuel at select gas partners
Cons
-
Rewards are geared towards Canadian Tire brands
-
Existing customers note lackluster customer service support
-
Limited insurance coverage
Annual Interest Rates
21.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$4
Cash Advance
$25
Return Penalty
Rewards Triangle Rewards
4%
back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more
1.5%
back in CT Money at grocery stores
0.5%
CT Money everywhere else you shop
5¢
per litre back in Canadian Tire Money every time you fill up at Gas+ and Petro-Canada locations
Our Take
The Canadian Tire Triangle® Mastercard® is a no-annual-fee credit card that allows cardholders to earn Canadian Tire Money® (CT Money) on everyday purchases, with elevated rates at Canadian Tire and participating stores such as Sport Chek, Party City, and Mark's. It also offers benefits like savings on fuel at Gas+ and Petro-Canada locations, as well as access to promotional financing options for eligible in-store purchases, making it an ideal choice for frequent shoppers of Canadian Tire and its affiliated brands.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Up to 4% cash back on purchases
-
5¢ back per litre of fuel at select gas partners
Cons
-
Rewards are geared towards Canadian Tire brands
-
Existing customers note lackluster customer service support
-
Limited insurance coverage
Annual Interest Rates
21.99% - 25.99%
Purchase
22.99% - 27.99%
Cash Advance
22.99% - 27.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$4
Cash Advance
$25
Return Penalty
Rewards Triangle Rewards
4%
back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more
1.5%
back in CT Money at grocery stores
0.5%
CT Money everywhere else you shop
5¢
per litre back in Canadian Tire Money every time you fill up at Gas+ and Petro-Canada locations
The Triangle Mastercard from Canadian Tire offers enhanced cash abc without an annual fee. The Canadian Tire Triangle Card offers 4% cash back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more and 1.5% back at grocery stores (up to $12,000 per year) (and 0.5% on everything else).
Like other Canadian Tire credit cards the Canadian Tire Triangle Mastercard also offers special promotional financing on select purchases. Canadian Tire Financial offers interest-free for 24 months on purchases of $150 or more at participating Canadian Tire partner brands.
$0
First Year Value
$0
Annual Value
Get this card if you...
-
are a high earner, who frequently shops at Canadian Tire stores
-
want to earn rewards without paying an annual fee
-
value roadside assistance and rental car insurance
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Canadian Tire Triangle® World Elite® Mastercard® is a premium, no-annual-fee credit card designed for frequent shoppers at Canadian Tire and affiliated stores, offering elevated earn rates on purchases at these retailers. Cardholders benefit from perks such as 24/7 concierge services, roadside assistance and car rental insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Flexible rewards program
-
Comes with concierge services
Cons
-
High income requirements
-
Low earn rate for non-Triangle store purchases
-
$12k earning cap on grocery category
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$4
Cash Advance
$25
Return Penalty
Rewards Triangle Rewards
4%
back in CT Money on almost everything at Canadian Tire, Sport Chek, Mark's and more
3%
back in CT Money at grocery stores (on the first $12,000 per year; excludes Costco and Walmart)
1%
CT Money everywhere else you shop
Insurance Benefits
$65,000
Rental car insurance amount
Our Take
The Canadian Tire Triangle® World Elite® Mastercard® is a premium, no-annual-fee credit card designed for frequent shoppers at Canadian Tire and affiliated stores, offering elevated earn rates on purchases at these retailers. Cardholders benefit from perks such as 24/7 concierge services, roadside assistance and car rental insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Flexible rewards program
-
Comes with concierge services
Cons
-
High income requirements
-
Low earn rate for non-Triangle store purchases
-
$12k earning cap on grocery category
Annual Interest Rates
21.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$4
Cash Advance
$25
Return Penalty
Rewards Triangle Rewards
4%
back in CT Money on almost everything at Canadian Tire, Sport Chek, Mark's and more
3%
back in CT Money at grocery stores (on the first $12,000 per year; excludes Costco and Walmart)
1%
CT Money everywhere else you shop
Insurance Benefits
$65,000
Rental car insurance amount
The Canadian Tire Triangle® World Elite® Mastercard® is Canadian Tire Financial's “premium” card, though given the $0 annual fee it’s better to classify it as “freemium.” The card earns 4% back on all purchases made at Canadian Tires, 3% back at grocery stores (on the first $12,000 per year) and 1% back on all other purchases.
The real value with the Triangle World Elite Mastercard is the roadside assistance package. Cardholders receive CT’s gold plan, meaning if your vehicle breaks down, you can have it towed for a distance of up to 250 km per service call to the destination of your choice (within Canada or the US) at no extra charge.
What is Canadian Tire Money worth?
CT Money has a very simple value: each CT cent is worth 1 cent. Canadian Tire Money‘s redemption value is very straightforward: one CT Money dollar is equal to $1 in real money.
Does Canadian Tire Money expire?
Yes. CT Money will expire after 18 months of inactivity on your account. Fortunately, keeping your account active is as easy as using your card (or Canadian Tire account) to make a purchase.
Tips for maximizing Canadian Tire Money
- 1 Use a Canadian Tire credit card: The simplest way to amass a huge amount of CT Money is by using a Canadian Tire Financial credit card. CT credit cards can help you accelerate your rewards when shopping at any Canadian Tire brand.
- 2 Look for bonus offers: Canadian Tire Rewards often offers bonuses for members. Look out for bonus offers on the Canadian Tire mobile app where special earn bonuses of 25x or 50x on select products isn't uncommon.
- 3 Combine purchases at Canadian Tire: Combining your spending to ensure you are maximizing your spend at Canadian Tire is another way to quickly amass a ton of CT Money. If you frequently purchase gasoline, consider switching to Canadian Tire brands like Gas+ or Husky locations across Canada.
Alternative credit cards to maximize your Canadian Tire purchases
If you don’t want a Triangle Rewards branded card there are still ways to get the most out of a shopping excursion to Canadian Tire with one of these cards.
$484
First Year Value
$0
Annual Value
Get this card if you...
-
want flexible cash back categories
-
want unlimited cash back
-
want to avoid paying an annual fee
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
Our Take
The Tangerine Money-Back Credit Card is a no-annual-fee cash back card that allows cardholders to earn a higher cash back rate in two spending categories of their choice, such as groceries, gas, or restaurants, and a lower rate on all other purchases. By opening a Tangerine Savings Account and directing cash back earnings there, a third higher rate cash back category can be added. Additional benefits include purchase assurance and extended warranty protection, with cash back rewards automatically applied monthly.
Eligibility
Good (620 - 670)
Recommended Credit Score
$12,000
Required Annual Personal Income
Pros
-
No annual fee
-
Choose the spending categories where you want to earn the most cash back
-
Unlimited cash back—no maximum spending limit for any purchase category
-
Cash back is paid out monthly rather than annually
-
Periodically includes a special welcome offer where you can get extra cash back
-
1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*
Cons
-
Regular cash back rates are still lower than what you can get from a card with an annual fee
-
Limited extra perks or benefits beyond the cash back and balance transfer promotion
-
Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart
-
Tangerine does not have any physical bank branches
Annual Interest Rates
19.95% - 24.95%
Purchase
19.95%
Cash Advance
1.95% - 19.95%
Balance Transfer
1.95%
Balance Transfer (Introductory)
24.95%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
$3.5
Cash Advance
$25
Over The Limit Penalty
$25
Return Penalty
Rewards cash back
2%
Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)
3
Get a Tangerine Savings account and add a 3rd 2% cash back category.
0.5%
Earn 0.50% on all your other everyday purchases.
The no-fee Tangerine Money-Back Credit Card is one of the best no-fee cards in the country. Cardholders get 2% cash back on two categories (you get to pick the categories you want out of a selection of 10). This cash-back powerhouse also comes with nice perks like a balance transfer promotion rate.
Disclosures:
- Terms and Conditions apply
up to 10,000 points
Welcome Bonus
$860
First Year Value
$360
Annual Value
Welcome Bonus: Earn 4 points per $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases until $10,000 is spent annually. Plus, earn up to 10,000 bonus points†.
Get this card if you...
-
want to earn rewards on everyday purchases such as groceries
-
value flexible redemption options
-
want to avoid paying any annual fees
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The MBNA Rewards Platinum Plus® Mastercard® is a no-annual-fee credit card that allows cardholders to earn rewards points on everyday purchases, with accelerated rates in categories such as groceries, restaurants, digital media, memberships, and household utilities. These points can be redeemed flexibly for travel, merchandise, gift cards, or cash back, providing versatility to suit various spending habits and preferences.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Accelerated rewards on groceries, restaurants, and more
-
Simple point structure with flexible redemption options
-
Generous introductory bonus of up to 10,000 points
-
No cap on total points earned
Cons
-
Lower cash back redemption rate compared to designated cash back cards
-
Limited benefits beyond rewards
-
Points system may not appeal to cash back enthusiasts
-
Higher earning categories have a spending cap of $10,000 annually
-
Better suited for travel rewards than cash back
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards MBNA Rewards
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Insurance Benefits
$1,000
Mobile device insurance amount
For the first 90 days of account opening, new cardholders will earn an additional 2 points/$1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (on top of the regular earn rate of 2 points/$1 spent) until $10,000 is spent annually in each category.
Plus, new cardholders can get up to 10,000 bonus MBNA Rewards points †† when they sign up for paperless e-statements (5,000 points†) and make $500 or more in purchases within the first 90 days (another 5,000 points†).
Our Take
The MBNA Rewards Platinum Plus® Mastercard® is a no-annual-fee credit card that allows cardholders to earn rewards points on everyday purchases, with accelerated rates in categories such as groceries, restaurants, digital media, memberships, and household utilities. These points can be redeemed flexibly for travel, merchandise, gift cards, or cash back, providing versatility to suit various spending habits and preferences.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
No annual fee
-
Accelerated rewards on groceries, restaurants, and more
-
Simple point structure with flexible redemption options
-
Generous introductory bonus of up to 10,000 points
-
No cap on total points earned
Cons
-
Lower cash back redemption rate compared to designated cash back cards
-
Limited benefits beyond rewards
-
Points system may not appeal to cash back enthusiasts
-
Higher earning categories have a spending cap of $10,000 annually
-
Better suited for travel rewards than cash back
Annual Interest Rates
19.99%
Purchase
24.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards MBNA Rewards
10,000
Get up to 10,000 MBNA Rewards points†† as an introductory bonus (see details below)
Insurance Benefits
$1,000
Mobile device insurance amount
For the first 90 days of account opening, new cardholders will earn an additional 2 points/$1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases (on top of the regular earn rate of 2 points/$1 spent) until $10,000 is spent annually in each category.
Plus, new cardholders can get up to 10,000 bonus MBNA Rewards points †† when they sign up for paperless e-statements (5,000 points†) and make $500 or more in purchases within the first 90 days (another 5,000 points†).
It’s not often you can get a no-fee platinum card! The MBNA Rewards Platinum Plus® Mastercard® starts off with a generous welcome bonus. After the bonus ends, you’ll earn 2 MBNA Rewards points on groceries, dining, streaming, memberships and recurring bills (up to a spending cap of $10,000 per year). All other purchases earn you 1 MBNA Rewards point on all other purchases. The card also features mobile device insurance**, purchase assurance and extended warranty protection and a discount on select rental cars.
Disclosures:
-
‡, ††, ✪, ***, Terms and Conditions apply.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
bonus 10% cash back
Welcome Bonus
$742
First Year Value
$492
Annual Value
Welcome Bonus: Earn a bonus 10% cash back on purchases in your first 3 months (up to $2,000 in purchases).
Get this card if you...
-
want to earn cash back faster
-
need comprehensive insurance benefits
-
want a generous welcome offer to maximize rewards
Annual Fee & Annual Interest Rates
$119.88
Annual Fee
21.99%
Purchase
21.99%
Cash Advance
Our Take
The SimplyCash® Preferred Card from American Express is a cash back credit card offering elevated earn rates on eligible gas and grocery purchases in Canada, with a standard rate on all other purchases. Cardholders benefit from a welcome bonus, as well as additional perks such as rental car insurance and travel accident coverage; however, the card carries a monthly fee, and cash back is redeemed annually each September.
Eligibility
Excellent (740+)
Recommended Credit Score
Pros
-
Competitive cash back rates: Up to 4% on gas and groceries, and more
-
Refer-a-friend bonus up to $750 annually
-
Extra benefits like rental car insurance and travel accident coverage
-
Manufacturer's warranty doubled on purchases
Cons
-
$9.99/month fee ($119.88 annually)
-
Cash back redeemed annually in September
-
Not all benefits may be relevant to all users
-
Limited to American Express acceptance
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$119.88
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
Rewards cash back
4%
cash back on eligible gas station purchases in Canada
4%
cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually)
2%
cash back on all other purchases
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$100,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn a bonus 10% cash back on purchases in your first 3 months (up to $2,000 in purchases). That’s on top of your everyday cash back earn rates.
Plus, earn a $50 statement credit* when you make a purchase in month 13.*
This could add up to $250 in bonus value in your first 13 months.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Our Take
The SimplyCash® Preferred Card from American Express is a cash back credit card offering elevated earn rates on eligible gas and grocery purchases in Canada, with a standard rate on all other purchases. Cardholders benefit from a welcome bonus, as well as additional perks such as rental car insurance and travel accident coverage; however, the card carries a monthly fee, and cash back is redeemed annually each September.
Eligibility
Excellent (740+)
Recommended Credit Score
Pros
-
Competitive cash back rates: Up to 4% on gas and groceries, and more
-
Refer-a-friend bonus up to $750 annually
-
Extra benefits like rental car insurance and travel accident coverage
-
Manufacturer's warranty doubled on purchases
Cons
-
$9.99/month fee ($119.88 annually)
-
Cash back redeemed annually in September
-
Not all benefits may be relevant to all users
-
Limited to American Express acceptance
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$119.88
Annual Fee
2.50%
Foreign Transaction
$29
Over The Limit Penalty
Rewards cash back
4%
cash back on eligible gas station purchases in Canada
4%
cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually)
2%
cash back on all other purchases
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$100,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn a bonus 10% cash back on purchases in your first 3 months (up to $2,000 in purchases). That’s on top of your everyday cash back earn rates.
Plus, earn a $50 statement credit* when you make a purchase in month 13.*
This could add up to $250 in bonus value in your first 13 months.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
For a $119.88 annual fee ($9.99 per month. Additional cards are free.), you can earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back) and 2% cash back on all other purchases with the SimplyCash® Preferred Card from American Express with no caps on earnings at the base rate.
Disclosures:
-
Contact American Express for the most up-to-date referral bonus figures.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.
Final thoughts on Triangle Rewards
So, is it worthwhile to join Canadian Tire Triangle Rewards? That depends on your location and spending habits, but given the free nature of the basic tier, the answer is probably "yes." First, a quick refresher on the basics of Triangle Rewards:
Canadian Tire is one of Canada's most trusted brands, according to Ledger, and it's easy to see why. The Triangle Rewards program is a good program but only if you frequently shop at Canadian Tire or other participating retailers. The Triangle credit cards certainly help boost earnings at Canadian Tire stores and eligible retailers but don’t offer as many rewards as other of the best credit cards or rewards programs. Still, if you are a Canadian Tire regular Triangle Rewards is worth checking out.
Triangle Rewards FAQs
Sources:
- Canadian Tire enhances Triangle Rewards with subscription program Triangle Select
- Leger’s Top 10 Most Reputable Companies in Canada
Sandra MacGregor has been writing about finance and travel for nearly a decade. Her work has appeared in a variety of publications like the New York Times, the UK Telegraph, the Washington Post, Forbes.com and the Toronto Star.
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.
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