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Canadian Tire Triangle Mastercard Review 2023

If you shop at Canadian Tire and love collecting Canadian Tire Money (CT Money), you should consider getting one of their popular credit cards.

The Triangle Mastercard and its premium counterpart, the Triangle World Elite Mastercard, amplify the CT Money you earn when you shop online and in-store at Canadian Tire store locations.

These cards also allow you to save money when you purchase gas at Canadian Tire-affiliated gas stations, including Gas+ and Essence+ locations.

This Triangle Mastercard review covers its features, top benefits, and downsides.

Triangle Mastercard Overview

Triangle Mastercard

Entry-level credit card for Triangle rewards

Annual fee: $0

Rewards: Earn 4% cash back in Canadian Tire money at eligible stores. Earn 1.5% cash back in Canadian Tire money at grocery stores. Earn up to 5 cents per litre in Canadian Tire money. Earn 0.5% cash back in Canadian Tire money everywhere else.

Welcome offer: N/A

Interest rates: 19.99% on purchases, 22.99% on cash advances

Minimum income requirement: None.

Recommended credit score:


Triangle Mastercard

On Triangle’s website

  • Earn 4% cash back at Canadian Tire stores, including Canadian Tire, Sport Chek, and Mark’s.
  • Earn 5 cents per litre on other fuel at Gas+ and Essence+ gas stations.
  • Earn 1.5% cash back on groceries (up to $12,000 annually).
  • Earn 1% cash back everywhere else.
  • Access to no fee, no interest financing with equal monthly payments when you spend $150 or more on qualifying purchases at any Canadian Tire location and participating retailers.

No annual fee

Easily redeem at $1 CT Money for $1

Excludes Walmart and Costco from grocery earning rates

No insurance coverage

Redemption options are limited to retailers that accept Canadian Tire Money

The Triangle Mastercard is a great no-fee option for earning rewards if you shop at Canadian Tire, Marks, Sport Chek, L’Équipeur, Atmosphere, Party City, Pro Hockey Life, Sports Rousseau, Hockey Experts, and L’Entrepôt du Hockey.

Triangle Mastercard Rewards and Benefits

Cardholders can use the Triangle Mastercard to earn rewards under Canadian Tire’s Triangle Rewards program.

1. You get 4% in Canadian Tire Money when you shop at Canadian Tire, Sport Chek, Mark’s/L’Equipeur, Atmosphere, Sports Rousseau, Hockey Experts, and others. On groceries, you earn 1.5% Canadian Tire Money (excluding Costco and Walmart).

You can redeem the CT Money online or at any of these store locations and use it to pay for all or a portion of the cost of your purchases.

2. When you purchase gas at Gas+ and participating Essence+ gas stations, you collect 5 cents per litre.

3. Using the Triangle Mastercard, you can finance your purchases at a 0% interest rate through the Canadian Tire Bank. Eligible purchases must be at least $150 and can be financed, so you make 24 equal monthly payments without paying a fee.

4. Cardholders enjoy no-receipt returns when they pay for purchases at Canadian Tire stores using their Triangle Mastercard.

5. You receive access to member-only events as well as personalized offers. To maximize your earning power, you should download the Triangle App to view the weekly exclusive offers easily.

6. It is easy to qualify for this card, and you do not need to meet a high-income requirement, unlike the Triangle World Elite Mastercard.

Downsides of the Triangle Mastercard

The Triangle Mastercard is a base reward card with no insurance coverage.

Also, you only earn 0.5% CT Money on purchases not relating to Canadian Tire, its affiliated stores, and groceries.

Lastly, you can only redeem CT Money at Canadian Tire and its related stores.

Triangle Mastercard vs. Triangle World Elite Mastercard

The Triangle World Elite Mastercard is a no-fee card that offers a lot more benefits than the plain-vanilla alternative, the Triangle Mastercard.

The Triangle World Elite card has the following benefits:

  • 4% CT Money at Canadian Tire and affiliated stores
  • 3% CT Money on grocery purchases (on the first $12,000 in annual spend and excluding Walmart and Costco)
  • Offers up to 7 cents per litre when you purchase gas at Gas+ and Essence+ stations
  • Purchase security and extended warranty
  • Car rental insurance
  • 24/7 concierge service
  • Free Gold Plan roadside assistance

While it offers many more benefits, you need a personal income of at least $80,000 to qualify. Learn more in this Triangle World Elite Mastercard review.

Is the Triangle Mastercard Worth It?

If you find it challenging to qualify for the Triangle World Elite because of its high-income requirements, the Triangle Mastercard is worth looking at.

That said, there are other credit cards offering better rewards and flexibility with no annual fees.

A top contender is the Tangerine Money-Back credit card which has $0 annual fees and offers unlimited 2% cash back on up to three categories of spending.

To qualify for this card, you need to have at least $12,000 in income per year. Learn more in this review.

Tangerine Money-Back Credit Card

Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases.

Welcome offer: Get an extra 10% cash back on up to $1,000 in spending in the first 2 months ($100 value); 1.95% balance transfer rate for 6 months.

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Annual fee: $0

You can also take a look at the SimplyCash Card from American Express and earn a flat 1.25% cash back on most purchases and up to 2% cash back on groceries.

SimplyCash Card from American Express

Rewards and benefits: Earn up to 2% cash back on gas and groceries; 1.25% cash back on all other purchases; travel accident insurance.

Welcome offer: Earn a $10 statement credit each month you spend $300 in purchases on your Card in the first 10 months (up to $100 value).

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $0

Best Credit Offers in March 2023

Get the best no-fee cash back credit card in Canada ($100 bonus)

Earn 2% unlimited cash back in up to 3 spending categories.

Get a $100 welcome bonus after spending $1,000 in the first two months.

1.95% low-rate balance transfer and purchase protection insurance.

No annual fees to use the card; cashback is paid out monthly.

Get up to 5% cashback and grow your savings ($20 bonus)

Best free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Increase your credit score with optional credit building add-on.

Earn up to 2.00% interest on your entire balance.*

Earn up to 5% cash back at over 10,000 retail locations ($25 Bonus)

Get a $25 bonus when you are approved for the Card.

No annual account fees.

Earn up to 5% unlimited cash back at 10,000+ participating stores.

Guaranteed instant approval credit card.

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Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

2 thoughts on “Canadian Tire Triangle Mastercard Review 2023”

  1. Gravatar for Steven

    The Canadian Tire credit cards is nonsense. I applied for the card. I received the card, with a measily $500 credit limit. ( my other cards are $3500.00 and up) after using the card for 3 small transactions $78) thr card is cancelled and , I now have a closed credit line on my credit bureau . My credit score plunged as a result of this. I will now be suing canadian Tire for damages as a result of my damaged credit score. Why issue the card in the first place if they are going to play games like that ?

  2. Gravatar for Varun

    Canadian Tire triangle master card is the worst master card I ever used in my life. The total payment does not reflect my balance. Called the compains department. The lady of the complains department was very rude and in healpful. I will never buy anything from anywhere using this card. I will close the balance and never use this card ever again.Totally unprofessional customer service.

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  • No annual fees!
*Limited time offer. Terms and conditions apply.
Best No Annual Fee Cash Back Credit Card
Best No Annual Fee Cash Back Card
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