Triangle World Elite Mastercard
The Triangle World Elite Mastercard gives cardholders up to 4% back and all the benefits of a World Elite Mastercard, with no annual fee.
- Annual Fee
- Extra Card Fee
- Card Type
- Cash Advance
- Balance Transfer
- Personal Income
- Household Income
|Extended Warranty||1 year|
|Purchase Protection||90 days|
|Rental Car Theft & Damage||Yes|
Please review your insurance certificate for details, exclusions and limitations of your coverage.
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Canadian Tire's premium card offering, the Triangle World Elite Mastercard, offers great rewards, perks, and no annual fee.
It's a Canadian Tire Triangle card, so you'll be earning Canadian Tire Money on all purchases you make on the card.
What will you earn? Here's the breakdown:
- 4% back at Canadian Tire stores, including Mark's Work Wearhouse, SportChek, and Atmosphere,
- 3% back at grocery stores (up to $12,000 spent per year),
- 5 - 7 cents per litre of fuel at Canadian Gas+ and Husky locations (depending on the grade of fuel), and
- 1% back on all other purchases.
These are some great earn rates, but there's a couple of things to address.
The real earn rates
First, how much you earn at Canadian Tire stores. 4% back sounds great, but there are 2 things to consider:
- it's earned on the pre-tax amount, and
- includes what base Triangle Rewards members earn.
What this means is it's an inflated number compared to what other credit cards will earn.
The actual value is 3.19%, if you assume an average sales tax rate of 13% in Canada. It's still great, but not what's advertised.
As for the grocery store earn rate, 3% is great for a no fee card. But, it's capped at $12,000 per year (or $1,000 per month).
Plus the bonus earn rate doesn't work at Walmart Supercentres. Though Mastercard considers Walmart Supercentres to be grocery stores, Canadian Tire has specifically excluded them from earning 3%.
Some other perks
This card has a perk that's fairly rare on credit cards – roadside assistance. Just for having the card, you'll have the Canadian Tire Gold roadside assistance plan. You'll get to choose between covering any vehicle you drive or covering a specific vehicle. It's an annual value of $99.95 plus tax.
The card will also provide some limited insurance coverage. You can see the details by clicking on the insurance tab above.
And finally, if you make purchases over $200 at Canadian stores, you can request 12 months no fee and no interest financing on your purchase.
Alternatives to consider
There's a lot to like about the Triangle World Elite Mastercard. But if you want more rewards on everyday purchases, here are a couple of cards to consider in its place (or to pair with).
Another top option is the