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The Triangle Mastercard is a good choice if you’re looking for a straightforward credit card with a straightforward rewards program. This credit card provides 4% cash back in Canadian Tire Money (a digital version of the modernized version of Canadian money) at a select few retailers and 5% at grocery stores. However, the rewards drop off to 0. 5% for purchases made outside of the Canadian Tire network. The Triangle Mastercard receives points for having no annual fee and a decent 1:1 earnings ratio, but it falls short in terms of flexibility because the cash back is only available in CT Money, which can only be used at partner locations and cannot be exchanged for cash.
Given that it has been in business for almost a century, it is safe to assume that the venerable Canadian Tire has some insight into loyalty. Although its clients may no longer have mountains of paper Canadian Tire Money accumulating in their junk drawer, the digital equivalent—stored on the Triangle Mastercard—is just as beneficial and simpler to monitor.
The Triangle Mastercard is an entry-level credit card without an annual fee. It is ideal for those who don’t require all of the perks typically associated with premium credit cards.
On daily purchases made at Canadian Tire and a small number of other participating retailers, cardholders will receive 4% cash back in the form of Canadian Tire Money, 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.
You can stack CT Money with bonus offers to earn even more CT Money on your spending, just like you can with paper Canadian Tire Money. Weekly offers and bonus events that yield 30 times more earnings per dollar spent are available to cardholders. Additionally, any Canadian Tire store will allow you to exchange any old physical Canadian Tire Money bills you may have for digital money.
Looking for an easy-to-get credit card with exclusive benefits? Look no further than the Triangle Mastercard! This card offers a 4% cash back rate on purchases at Canadian Tire and participating retailers, 15% back on groceries, and 0.5% back on all other spending Plus, there’s no annual fee and no income requirements.
We’ll examine the Triangle Mastercard in more detail in this post to determine whether it’s the best credit card for you.
Highlights
- 4% cash back on purchases at Canadian Tire and participating retailers
- 1.5% cash back on groceries
- 0.5% cash back on all other spending
- No annual fee
- No income requirements
The Triangle Mastercard is a great option for anyone looking for an easy-to-get credit card with exclusive benefits. This card is perfect for frequent shoppers at Canadian Tire and other participating retailers, as well as those who want to earn cash back on their everyday spending.
At a glance
- No annual fees or income requirements
- Earn cash back in CT Money on everyday purchases: Collect 4% on purchases from participating retailers, 1.5% on groceries, $0.5 per litre at select gas stations and 1.5% when you shop everywhere else.
- Every dollar in CT Money equals a dollar to redeem at Canadian Tire and its partner retailers.
Best Use of the product
Earning rewards
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.
Redeeming Rewards
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.
Triangle Mastercard Benefits
- No Fee Financing: Get interest-free financing with no upfront fees on qualifying purchases of more than $150.
- Easy Returns: Return items to participating stores with no receipt.
- Bonus Rewards: Stack your credit card rewards with bonus offers to earn more cash back overall.
Fine Print
- Interest Rates: Regular APR Min: 19.99%, Regular APR Max: 27.99%
- Fees: Cash Advance: 22.9%, Foreign Transaction Fee: 2.5%, Annual Fee: $0
How the Triangle Mastercard Stacks Up
- Triangle Mastercard vs. Triangle World Mastercard: 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.
- Triangle Mastercard vs. Triangle World Elite Mastercard: 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.
- Triangle Mastercard vs. CIBC Costco Mastercard: 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.
Methodology
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.
Is the Triangle Mastercard right for you?
Getting compensated for the things you already purchase is a great way to earn free money, even if it bears the Canadian Tire logo. Should you regularly purchase goods at Canadian Tire and its affiliated stores, the Triangle Mastercard provides benefits with minimal to no danger. There are no annual fees that might surprise you on your credit card bill, and you don’t have to meet any income requirements in order to be approved. Anyone who enjoys the outdoors or sports could profit from receiving cash back on the pricey gear needed for an active lifestyle. But, you will gain far more and have far more flexibility with your daily spending if you have a second cash back card with higher earn rates.
Related: Best Credit Cards to have in Canada
Frequently Asked Questions (FAQs)
What is the Triangle Mastercard credit limit?
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.
How do you increase the Triangle Mastercard limit?
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.
What credit score do you need for the Triangle Mastercard?
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.
What stores accept Triangle Mastercard?
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.
How to use Triangle Mastercard points?
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’Entrep√¥t du Hockey, and participating Sports Experts stores.
The Triangle Mastercard is a great option for anyone looking for an easy-to-get credit card with exclusive benefits. This card is perfect for frequent shoppers at Canadian Tire and other participating retailers, as well as those who want to earn cash back on their everyday spending.
If you’re interested in learning more about the Triangle Mastercard, be sure to visit the Canadian Tire website or your local Canadian Tire store.
How the Triangle Mastercard Stacks Up
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. The same structure applies to cash back rewards, with a minor 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; however, not everyone may find this small increase to be worthwhile.
Frequently Asked Questions (FAQs)
Your credit score, credit history, and payment history with other Canadian Tire credit cards are taken into account when determining your Triangle Mastercard credit limit. You will be notified of the credit limit when your application is approved.