In Canada, managing expenses while reaping rewards has become a priority for many. The Triangle Mastercard, offered by Canadian Tire Financial Services, stands out as a powerful tool for everyday shopping and savings.
With features like no annual fee, exclusive cashback opportunities, and seamless integration with the Triangle Rewards Program, this credit card has carved its niche among Canadian consumers.
Whether you’re a frequent Canadian Tire shopper or someone looking for value from daily purchases, this card delivers exceptional benefits.
In this article, we’ll explore everything you need to know about the Triangle Mastercard, from how it works to the perks and eligibility requirements, answering some of the most common questions along the way. Let’s dive in!
What is Triangle Mastercard?
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The Triangle Mastercard is a no-annual-fee credit card provided by Canadian Tire Bank. Designed for Canadians, this card focuses on helping users earn Canadian Tire Money (CT Money) through the Triangle Rewards Program.
Whether you’re shopping at Canadian Tire, its partner stores, or other retailers, this card ensures you get rewarded on every purchase.
Some of the primary highlights of the card include:
- Earn CT Money: Users earn 4% back in CT Money when they shop at Canadian Tire, Sport Chek, Mark’s, and other eligible stores.
- Gas Rewards: You can earn 5¢ to 7¢ back per litre when you fill up at Gas+ and participating Husky stations.
- No Annual Fee: The Triangle Mastercard charges no yearly fee, making it a cost-effective option for most Canadians.
- Rewards for Everyday Purchases: In addition to Canadian Tire stores, the card allows you to earn rewards on groceries and other expenses (excluding Costco and Walmart).
In essence, the Triangle Mastercard is tailored for everyday spending, helping Canadians maximize savings while participating in the robust loyalty program provided by Canadian Tire Financial Services.
What Are the Eligibility Criteria for a Triangle Mastercard?
Applying for the Triangle Mastercard is simple, but there are a few eligibility requirements that you need to meet to qualify. Understanding these criteria will help you determine whether this card is the right fit for you and ensure a smoother application process.
Basic Eligibility Requirements
- Age Requirement: You must be the age of majority in your province or territory to apply. For example, in most provinces in Canada, this means you must be at least 18 or 19 years old.
- Residency: Applicants must reside in Canada. This card is exclusively designed for Canadian residents, making it a localized solution for shopping and rewards.
- Credit Score: While there’s no official minimum credit score listed, a fair-to-good credit score is generally recommended for approval. A higher credit score can increase your chances of approval and may also affect the credit limit you’re offered.
Why These Requirements Matter?
Meeting these basic eligibility criteria ensures that you can manage the card responsibly while enjoying its benefits.
For first-time applicants or younger users, the no-annual-fee structure of the Triangle Mastercard makes it an excellent way to build or maintain a healthy credit history.
How Do You Apply for the Triangle Mastercard?
Applying for the Triangle Mastercard is designed to be convenient and hassle-free. Whether you prefer to apply online or in person, the process ensures that you can get started quickly and easily.
Online Application
- Visit the official Triangle Mastercard website.
- Fill out the application form with your personal information, such as your name, address, and financial details.
- Submit the application and wait for approval, which often comes within minutes.
In-Store Application
- If you prefer, you can apply for the card at participating Canadian Tire or partner stores.
- A customer service representative will guide you through the process and help you submit your application.
Approval Process
- For most applicants, the approval decision is quick, especially for online applications.
- Once approved, your Triangle Mastercard will be mailed to you within a few business days.
After Approval
Once you receive your card, you can activate it and start using it immediately to earn CT Money. The Triangle Rewards Program is integrated into the card, so every purchase will begin contributing to your rewards balance right away.
With these straightforward steps, the application process for the Triangle Mastercard is accessible to most Canadians, making it one of the easiest reward cards to apply for and use.
What Are the Interest Rates and Fees for the Triangle Mastercard?
While the Triangle Mastercard doesn’t charge an annual fee, it’s important to understand the associated interest rates and fees to manage your account effectively.
Standard Interest Rates
- Purchase Interest Rate: 19.99%
- Cash Advance Interest Rate: 22.99%
Late Payment Fees
- If you miss a payment, a $25 late fee may apply. This highlights the importance of making timely payments to avoid unnecessary charges.
No Hidden Fees
- There are no additional charges for owning the card, such as annual or maintenance fees, making it an ideal option for Canadians looking for a straightforward, budget-friendly credit card.
Managing Costs Responsibly
To avoid incurring extra charges, it’s essential to pay your balance in full each month. This ensures you get the most out of the rewards and benefits without paying extra for interest or late fees.
By understanding these terms, cardholders can enjoy all the benefits of the Triangle Mastercard without the worry of unexpected expenses.
How Does the Triangle Mastercard Rewards Program Work?
The Triangle Rewards Program is at the heart of the Triangle Mastercard, allowing cardholders to accumulate Canadian Tire Money seamlessly.
Key Features of the Rewards Program
1. CT Money Earning Rates:
- Earn 4% back in CT Money on purchases made at participating stores, including Canadian Tire, Sport Chek, Mark’s, and Atmosphere.
- Earn 5¢ to 7¢ per litre of fuel at Gas+ and participating Husky stations.
2. Everyday Spending Rewards:
- While grocery purchases qualify for rewards, items bought at Walmart and Costco are excluded.
- This makes the Triangle Mastercard ideal for households looking to maximize benefits on daily shopping.
- No Expiry of Rewards: Unlike some programs, your CT Money never expires, making it convenient to save for larger purchases over time.
- Redemption Flexibility: CT Money can be redeemed at participating Canadian Tire stores, Sport Chek, Mark’s, and other partners, making it easy to use rewards for items you truly need.
By integrating seamlessly with the Triangle Rewards Program, the Triangle Mastercard allows customers to enjoy savings on their favourite products and services effortlessly.
What Are the Benefits of the Triangle Mastercard?
The Triangle Mastercard offers numerous advantages for its cardholders, making it one of the best no-annual-fee credit cards in Canada. Here are some of its key benefits:
Exclusive Rewards
- Canadian Tire Money: Earn 4% back on qualifying purchases at Canadian Tire and partner stores.
- Gas Savings: Save between 5¢ and 7¢ per litre at Gas+ and Husky gas stations.
- Everyday Purchases: Get rewarded for regular spending like groceries, clothing, and dining.
Financial Flexibility
- No Annual Fee: This card is completely free to own, with no hidden costs or yearly charges.
- Flexible Payment Options: Users can take advantage of interest-free financing on larger purchases over a set period.
Additional Features
- Triangle App: Monitor your CT Money, track transactions, and manage your card easily with the Triangle app.
- Instant Rewards: Unlike some reward cards that require waiting periods, you earn CT Money immediately on purchases.
- Supplementary Cards: Add authorized users to your account to accumulate rewards faster.
Overall, the card’s primary advantage lies in its ability to offer value on everyday spending without incurring extra fees.
Does the Triangle Mastercard Have an Annual Fee?
One of the standout features of the Triangle Mastercard is its no-annual-fee structure. While many credit cards charge an annual fee for premium rewards, the Triangle Mastercard provides its benefits entirely for free.
This makes it particularly attractive to Canadians looking for a simple, hassle-free way to earn rewards. It’s perfect for:
- Students or first-time credit card users who want to avoid fees.
- Budget-conscious individuals who want a cost-free way to accumulate rewards.
- Families looking to save money on groceries, gas, and other daily expenses.
With no hidden fees or subscription costs, you can enjoy the full range of features without worrying about extra charges.
How Can You Earn Canadian Tire Money with the Triangle Mastercard?
Earning Canadian Tire Money is effortless with the Triangle Mastercard. Here’s how you can maximize your earnings:
- At Canadian Tire and Partner Stores: Earn 4% back on eligible purchases made at Canadian Tire, Mark’s, Sport Chek, and Atmosphere.
- At Gas Stations: Save 5¢ to 7¢ per litre when you fuel up at participating Husky and Gas+ stations.
- On Grocery Shopping: Earn rewards for grocery purchases, excluding those made at Walmart or Costco.
- On Bill Payments: Some recurring payments, such as phone bills or subscription services, may also help you earn rewards.
These benefits make it simple to earn CT Money on both planned and spontaneous purchases.
Where Can You Use Your Triangle Rewards?
One of the most appealing aspects of the Triangle Rewards Program is its flexibility. The CT Money you earn with the Triangle Mastercard can be redeemed at a variety of locations, making it easy to save on items you need.
This means you don’t have to worry about being restricted to one type of store, and you can use your rewards at a wide range of partner locations across Canada.
Redeem Your CT Money at These Locations
1. Canadian Tire Stores
Use your rewards to buy everything from automotive tools to home essentials, outdoor equipment, sports gear, and even seasonal décor.
Whether you’re upgrading your vehicle or planning a DIY home improvement project, Canadian Tire has plenty of products to spend your CT Money on.
2. Sport Chek
Perfect for sports enthusiasts and fitness lovers, Sport Chek offers a range of activewear, sports equipment, and outdoor gear.
You can use your CT Money here to save on everything from running shoes to hockey sticks, ensuring you’re always equipped for your favourite activities.
3. Mark’s
Mark’s specializes in casual and professional clothing, making it an excellent place to redeem your rewards. From durable workwear to comfortable everyday attire, CT Money can help offset the cost of your next wardrobe upgrade.
Participating Partner Stores
The Triangle Rewards Program extends beyond Canadian Tire-owned brands. You can also redeem your rewards at participating partner stores, including Atmosphere for outdoor adventure gear and Party City for all your celebration needs.
With this level of flexibility, your CT Money can be used to offset the cost of essential purchases or even treat yourself to something special.
Whether you’re preparing for the holiday season, tackling a big home project, or simply restocking your wardrobe, the Triangle Rewards Program ensures you get more value for every dollar spent.
Are There Cashback or Gas Savings Features with the Triangle Mastercard?
Yes, the Triangle Mastercard provides some of the best cashback and gas savings features for Canadian consumers. While the rewards aren’t technically labelled as “cashback,” the CT Money you earn works like cash, making it highly practical for everyday savings.
Gas Rewards
- With the Triangle Mastercard, you can save 5¢ to 7¢ per litre of gas when you fill up at Gas+ and participating Husky stations.
- This is especially valuable for families or individuals who commute frequently or take road trips, as the savings quickly add up over time.
Everyday Purchases Rewards
- The CT Money you earn from purchases can be redeemed just like cash at Canadian Tire, Sport Chek, and other participating stores.
- For example, if you shop frequently at Canadian Tire or partner retailers, the rewards earned can easily cover small purchases or contribute to larger ones, reducing your out-of-pocket expenses.
Alternative to Traditional Cashback
Unlike many cashback credit cards, the Triangle Mastercard allows you to see immediate benefits. Instead of waiting for monthly or yearly cashback payouts, your CT Money is available to redeem right after earning it. This makes it ideal for shoppers who want to use their rewards for immediate savings.
With these features, the Triangle Mastercard is a great choice for Canadians who regularly spend on fuel, groceries, or at participating partner stores, as it offers tangible savings and flexibility without any additional cost.
Conclusion
The Triangle Mastercard is a standout choice for Canadians who value rewards, convenience, and affordability. With no annual fee, a robust rewards program, and practical perks like gas savings and flexible redemption options, it’s designed to make everyday spending more rewarding.
Whether you’re a frequent shopper at Canadian Tire or looking to save on groceries, gas, or clothing, the Triangle Mastercard offers something for everyone.
Its ease of application, lack of hidden fees, and seamless integration with the Triangle Rewards Program make it an excellent financial tool for households, students, and individuals alike.
If you’re in Canada and want to turn your purchases into meaningful rewards, the Triangle Mastercard is a card worth considering.
FAQs
Can I use the Triangle Mastercard outside of Canada?
Yes, the Triangle Mastercard is accepted anywhere Mastercard is accepted, including international locations.
How do I check my CT Money balance?
You can check your balance through the Triangle app or by logging into your account online.
Can I add authorized users to my Triangle Mastercard?
Yes, you can add authorized users, and their spending will also contribute to your rewards balance.
Does the Triangle Mastercard offer purchase protection?
Yes, the card includes purchase protection and extended warranty benefits.
Can I redeem CT Money for gift cards?
No, CT Money cannot be used to purchase gift cards.
Is the Triangle Mastercard a good card for students?
Yes, it’s ideal for students as there is no annual fee and rewards are easy to accumulate.
Are there any limits to earning CT Money?
No, there’s no limit to how much CT Money you can earn.
What happens if I miss a payment?
Missing a payment may result in late fees and interest charges. It’s best to pay the full balance on time.
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