The Triangle Mastercard, linked to Canadian Tire, provides several benefits for everyday shoppers and regular Canadian Tire customers.
With no annual fee, this credit card is an affordable way for individuals to earn rewards on their everyday purchases.
Pros and Cons of the Triangle® Mastercard® Card
The Triangle Mastercard is a popular choice among Canadian customers, especially those who frequent Canadian Tire and its affiliate stores. With a range of benefits tailored to everyday shopping needs, this card offers attractive rewards and saving opportunities. However, like any financial product, it also comes with its own set of drawbacks.
Pros:
- No Annual Fee: the Triangle Mastercard typically comes with no annual fee, offering a budget-friendly option for cardholders;
- Canadian Tire Money Rewards: cardholders earn Canadian Tire Money on eligible purchases, with bonus rewards often available for transactions made at Canadian Tire, Mark’s, SportChek, and affiliated stores;
- Flexible Redemption Options: accumulated Canadian Tire Money can be flexibly redeemed, allowing cardholders to offset their purchases at Canadian Tire and affiliated stores.
Cons
- Limited Acceptance: While the Triangle Mastercard offers rewards for everyday purchases, its utility is primarily focused on Canadian Tire and affiliated stores, potentially limiting its acceptance compared to more universally accepted credit cards.
- No Travel Benefits: Unlike some other credit cards, the Triangle Mastercard does not provide travel-related perks such as travel insurance, rental car insurance, or travel rewards.
- No Sign-Up Bonus: many credit cards offer a sign-up bonus as an incentive, but the Triangle Mastercard does not currently include this benefit.
App Features
The Triangle App presents a seamless and intuitive platform for managing your Triangle Mastercard, enabling access to rewards, account management tools, and exclusive offers at Canadian Tire and partner stores.
- Transaction Monitoring: stay updated with real-time notifications for purchases made using your Triangle Mastercard;
- Bill Payments: pay your credit card bills directly through the app, ensuring timely payments;
- Reward Redemption: easily redeem earned Triangle Rewards for purchases at Canadian Tire and other affiliated stores;
- Personalized Offers: with one tap, the customer can activate offers from all their favorite stores.
About the Issuing Bank
Canadian Tire Bank, a subsidiary of Canadian Tire Corporation, Limited, is responsible for issuing the Triangle Mastercard credit card. Since its founding in 1961, Canadian Tire Bank has offered a range of financial products and services, focusing on providing value and convenience to Canadian customers through its banking operations.
Fees of the Triangle® Mastercard® Card
- The annual fee for this card is $0;
- The annual interest rate is 21,99%;
- The purchase rate is 21,99%;
- The minimum payment involves interest and fees shown on the statement, the greater of any amount past due or any balance over your credit limit, plus the amount of any equal payments plan installments then due, plus $10;
- If you are a Quebec resident, the minimum payment will be the sum of the greater of interest and fees shown on your statement plus $10 or 5% of the New Balance, excluding amounts on special payment plans, plus any balance over your credit limit, plus any amounts past due, plus the amount of any equal payments plan installments then due;
- All transactions in a foreign currency are converted to Canadian dollars at the current Mastercard conversion rate, plus 2.5% for charges to your account or minus 2.5% for credits to your account;
- Additionally, there is the credit balance administration fee, which is the lesser of $2 or the amount of your credit balance. This fee is charged on the last day of a billing period if your account has a credit balance and has been inactive (apart from any credit balance fees) for the previous two billing periods.
Why Apply for This Card?
The Triangle® Mastercard® offers several benefits that make it an attractive option for shoppers looking to maximize their rewards and savings.
One of the main advantages is that it comes with no annual fee, making this card a cost-effective choice for budget-conscious customers. Moreover, you can earn Canadian Tire Money ® on all your purchases, not just at Canadian Tire Stores, but also at participating retailers. This card also gives you access to exclusive offers and promotions available only to cardholders.
The user-friendly Triangle App lets the client manage their account, track their rewards, and take advantage of interesting features directly from their smartphone.
Are you interested in this credit card and want to know how to apply? Click the button below.
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