Pros & cons
Pros
- Earn up to 1.5% cash back on purchases.
- 2x the cash back at Canadian Tire.
- No annual fee.
Cons
- Complicated tier system for rewards, where you only start out by earning 0.25% cash back.
- No insurance included.
Your rewards
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Canadian Tire Cash Advantage Mastercard, here's how you earn rewards:
- 0.25% up to $1,500 spent annually
- 0.5% between $1,500 and $3,000 spent annually
- 1% between $3,000 and $24,000 spent annually
- 1.5% over $24,000 annually
- 2x cash at Canadian Tire stores and gas bars
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For Canadian Tire Cash Advantage Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Statement credits | $232 |
Calculating your annual rewards
$24,000 annual spending x 0.97% return on spending = $232 annual rewards
$232 annual rewards − $0.00 annual fee = $232 net annual rewards
Top related credit cards
Compare similar cards side-by-side.
1x Award Winner
Details and eligibility
- Estimated Credit Score
- 760 - 900
- Personal Income
- N/A
- Household Income
- N/A
- Annual Fee
- $0.00
- Extra Card Fee
- $0
- Card type
- Credit
- Purchase
- 21.99%
- Cash Advance Δ
- 22.99%
- Balance Transfer
- 22.99%
Genius Rating
Canadian Tire Cash Advantage Mastercard's 3.2 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Top cards from Mastercard
GC: $125 + $60
$185 GC Boost + Exclusive: Up to $480 bonus cash back + First year fee waived.*GC: $200
$200 GeniusCash + Up to 30,000 bonus points + birthday bonus worth up to 15k points.*GC: $200
$200 GeniusCash + Up to 20,000 bonus points + Annual bonus worth up to 15k points.*Our review
A no fee, cash back card that earns you bonus rewards at Canadian Tire stores, the Canadian Tire Cash Advantage Mastercard will reward you for being a loyal shopper with Canadian Tire.
What can you earn? It's a little complicated. This card has a lot of tiers to mess with, so even though it advertises you can earn 1.5% cash back, it takes a lot of spending just to get to that point:
- 0.25% on your first $1,500 spent,
- 0.50% between $1,500 to $3,000,
- 1% between $3,000 to $24,000, and
- 1.5% on anything you spend over $24,000.
When you shop at Canadian Tire stores, you'll earn double cash back on the tier you're currently in. So for Canadian Tire stores, you'll earn between 0.5% to 3% back on your purchases.
Depending on how much you spend on the card, you might not earn much for cash back.
One nice feature of this card, however, is that you can get no fee, interest free financing on purchases of over $200 at Canadian Tire stores. You'll be able to break up any purchase into 12 smaller monthly payments.
One downside? There's no insurance included, which could be a deal-breaker if insurance is something that's important to you.
Alternative cards to consider
To keep things simple, here are 2 cards that have a high flat rate on all purchases, with no tiers, and also have no annual fee.
The first is the
Another top alternative is the
People also viewed
Key benefits
User reviews
Reviewed by 5 Canadians
Thank you for your review!
Hang tight while we verify and approve it.
If you want to see your review right away...
Create an account:
It's a really good card if it's ur first time of owning a credit card
Dont waste your time with this card, it's worth It to have the canadian tire mastercard that you get points from for spending at canadian tire only !!!
Very decent. Cashback is what it is. Good Canadian Tire Perks
Have had an ok experience with this card, nothing exceptional however.
I never successfully was able to access the on-line transaction feature. The website is confusing, password access is problematic and there is a bewildering array of product offerings to bypass in order to reach the credit card transaction data.
$100 GeniusCash + Earn up to 15,000 Welcome Bonus Membership Rewards® Points.*