Canadian Tire rebranded its loyalty program by introducing Triangle Rewards and two main credit cards – the Triangle Mastercard and Triangle World Elite Mastercard.
While Canadian Tire Money remains the currency for the new Triangle Rewards program, you can now earn rewards faster and redeem them at more places than before.
The Triangle World Elite Mastercard is one of only a few credit cards to offer free roadside assistance, and it makes it to my list of the best no-fee cash back cards in Canada.
Triangle Rewards Program
Canadian Tire’s Triangle Rewards program makes it easier to earn and redeem your Canadian Tire Money at several popular retailers, including:
- Canadian Tire
You can easily collect the e-Canadian Tire Money (CT Money) using the Canadian Tire (Triangle) mobile app or rewards card and pay with any credit card, debit, or cash (except for Gas+ purchases). For even more CT Money, pay with a Triangle credit card (more on this below).
Benefits of the Triangle Rewards program are:
- Exclusive CT Money earning opportunities through personalized offers
- No receipt returns
- Collect 3-4.5 cents per litre in CT Money at Gas+ locations when you pay with debit or cash
Triangle World Elite Mastercard
The Triangle World Elite Mastercard is a no-annual-fee card with many great benefits.
- No annual fee
- 4% cash back (CT Money) when you shop at Canadian Tire, Sport Chek, Mark’s/L’Equipeur, and Atmosphere stores
- 3% in CT Money when you spend on groceries (up to $12,000 per year and excluding Costco and Walmart
- 1% CT Money on all other purchases
- Earn up to 7 cents per litre when you purchase fuel at Gas+ and participating Husky stations
- Free roadside assistance (Gold Plan)
- No fee, no interest financing on purchases of $200 or more for up to 24 months
- Car rental collision/loss damage waiver insurance
- Purchase security and extended warranty
The Triangle World Elite saves me more than $100 (including taxes) per year with their free Gold Plan roadside assistance, which offers either a vehicle plan (service to one specific vehicle) or a member plan (coverage for any vehicle you are in).
The roadside assistance includes:
- 24-hour service across Canada and the U.S. for towing, fuel and delivery, flat tire changes, battery boost, lock-out service, and extrication/winching.
- 5 service calls of up to 250 km and unlimited tows to any Canadian Tire Auto Service centre within your towing limits
You can simply discontinue your CAA membership with this card. The 4% earn rate on purchases made at participating stores and 3% on grocery purchases is pretty sweet, especially considering that this card has no annual fee.
We do most of our grocery shopping at the Superstore using the PC Financial World Elite Mastercard, so the fact that Walmart and Costco grocery purchases do not qualify does not matter much to us.
The bonus of 5 cents per litre on regular and mid-grade fuel, or 7 cents per litre on premium gas when you fill up at Gas+ is also worth noting.
Note that you need a minimum personal income of $80,000 per year to qualify for this card.
The Triangle Mastercard is the entry-level credit card offered by Canadian Tire and has no annual fee. It offers:
- 4% back in CT Money (Triangle Rewards) when you shop at Canadian Tire, SportChek, Mark’s, and Atmosphere
- 5 cents per litre when you buy gas at Gas+ or participating Husky stations
- No fee, no interest financing on purchases of $250 or more for up to 24 months
- 0.8% back in CT Money on all other purchases
Canadian Tire Financial Services also has a Triangle World Mastercard that offers 4% in CT Money on purchases at participating stores, up to 7 cents per litre on gas, and three different types of insurance coverage. This card is available by invitation only.
Is the Triangle World Elite Mastercard Worth It?
My review of the Triangle World Elite Mastercard is positive. I particularly like that it saves me the cost of a CAA membership ($100 plus tax) every year, and I can earn 4% in CT Money when I shop at Canadian Tire and Sport Chek.
Returns to participating stores are much easier since a receipt is no longer required. So, if you shop regularly at Canadian Tire and its affiliated stores, this card is a must-have.
A few downsides to the card include their exclusion of Walmart and Costco from the list of grocery stores from which you can earn 3% in rewards. Also, you need a high personal income of $80,000 or $150,000 in household income to qualify for the card.
If you do not meet the income eligibility, you can consider going for the Triangle Mastercard or looking at excellent no-fee cash back cards like the Tangerine 2% Money-Back credit card or SimplyCash Card from American Express.
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 15% cash back on up to $1,000 in spending in the first 2 months ($150 value).
Interest rates: 19.95% for purchases, balance transfers, and cash advances.
Annual fee: $0
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
- Scotiabank Gold American Express Review (best overall card for travel rewards)
- Scotiabank Passport Visa Infinite Card Review (top card for no foreign transaction fees and travel rewards)
- Tangerine World Mastercard Review (top no-fee cash back card)
- Best Credit Cards for Groceries
Triangle World Elite Mastercard Review
Triangle World Elite Mastercard offers up to 4% Canadian Tire Money rewards, free roadside assistance, and no annual fees. This Triangle World Elite Mastercard review covers what you need to know.