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Wondering if you should apply for the Triangle Mastercard? 

Find out the benefits and drawbacks of a Triangle Mastercard and whether you have the requirements to qualify for one. 

Triangle Mastercard Overview

Annual Fee$0
Purchase Rate– For those approved for lower rates: 20.99%
– For those not approved for the above rates: 25.99% (21.99% for QC residents)
Cash advance Rate– For those approved for lower rates: 22.99%
– For those not approved for the above rates: 27.99% (21.99% for QC residents)
FeesCash advance fee: $4
– Foreign currency transaction fee: 2.5%
NSF/Dishonoured payment fee: $25
Earn rate– Collect 4% on almost everything at Canadian Tire and other select stores.
– Collect 1.5% on groceries.
– Collect 5 cents/litre on gas.
– Collect 0.5% on everything else.
Extra Benefits– 0% interest financing on eligible purchases
– Returns without a receipt
– Member-only events

Triangle Mastercard 

The Triangle Mastercard is Canadian Tire’s loyalty credit card. It allows you to earn Canadian Tire Money, which can be used to make purchases from Canadian Tire and its other brands. Canadian Tire Money can be earned whenever you make a purchase with your Mastercard. But you’ll earn more Canadian Tire Money when you use your mastercard at a Canadian Tire store or other stores in the Canadian Tire family. Read on to see if this credit card is for you.

Triangle Mastercard

How Much Can You Earn With The Triangle Mastercard Earning?

The rate at which you can earn Canadian Tire Money depends on where you’re shopping. Note that your earnings depend on the pre-tax amount of your purchase,

  • 4% – At Canadian Tire and its other brands.
  • 1.5% – On the first $12,000 of grocery purchases per year, excluding Costco and Walmart.
  • 5 cents/litre – At Canadian Tire Gas+ and participating Husky stations.
  • 0.5% – Everywhere else.

Triangle Mastercard Canadian Tire Money Value

Every $1 in Canadian Tire Money earned by the Triangle Mastercard is worth $1 at the brick-and-mortar and online stores of Canadian Tire and its other brands including Sport Chek, Mark’s/L’Équipeur, Atmosphere, Party City, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores. 

Note: Your Canadian Tire Money may expire if your card has been inactive for 18 months or more, so make sure you use your Triangle Mastercard at least once within that time so you don’t lose your hard-earned rewards.

What Can You Redeem Your Canadian Tire Money On? 

You can redeem the Canadian Tire Money on your Triangle Mastercard by presenting your card anywhere Canadian Tire Money is accepted and ask that it be used toward your purchase. 

Canadian Tire Money is not automatically applied toward the cost of your transaction.

Triangle Mastercard Extra Features

Here are some added features of the mastercard: 

No-receipt returns

Like Costco’s return policy, this mastercard allows you to make returns without a receipt, which is useful when you’ve lost your receipt or left it at home.

Access to member-only events

As a Triangle Mastercard cardholder, you have access to exclusive member-only events that will save you money by discounting your purchases.

Personalized offers

You get weekly personalized offers from Canadian Tire, Mark’s, and Sport Chek. These offers can be viewed in the Triangle app.

Purchase financing

At participating stores, your mastercard allows no fee, no interest financing on certain purchases of $150 or more. You can pay for your purchases with 24 monthly payments.

Online Account Servicing

With an online Triangle account, you can manage your account virtually from your computer or mobile device and do all of the following:

  • View your account and reward balances
  • Enrol to receive electronic statements
  • Check out current cardmember perks
  • Manage upcoming payments
  • Sign up for account notifications 
  • Put your card on hold 

Benefits Of The Triangle Mastercard

Let’s take a look at the benefits of the mastercard now that you know the basics:

  • No income requirement – You don’t need to earn a certain annual income to get the Triangle credit card.
  • No annual fee – The Triangle credit card has no annual fee, meaning that you have more money to spend elsewhere.
  • 24/7 customer service – You have access to the 24/7 Triangle Mastercard customer service line as a Triangle Mastercard cardholder.
  • Earn rewards everywhere – You can earn Canadian Tire Money with your Triangle credit card no matter where you shop.

Drawbacks of The Triangle Mastercard

The Triangle Mastercard has some drawbacks that you should consider before applying for it:

  • No insurance coverage – The Triangle Mastercard doesn’t offer any insurance coverage.
  • Low rewards earn rate – The earn rate for purchases not made at Canadian Tire or its other brands is low (0.5% Canadian Tire Money for everyday purchases).
  • Rewards are earned only on pre-tax amounts – The 4% rewards rate earned at Canadian Tire stores and those of its other brands is calculated only on the pre-tax amount. For a $100 purchase with 13% tax, you would earn 4 Canadian Tire dollars, not 4.52 Canadian Tire dollars. Other rewards credit cards calculate their rewards based on after-tax amounts,
  • Rewards have limited usage – While you can earn Canadian Tire Money at Canadian Tire Gas+ and participating Husky stations, it cannot be redeemed for fuel. It also cannot be redeemed as cash or used to pay off the balance of your Triangle Mastercard.

Do You Qualify For A Triangle Mastercard? 

To be eligible for the Triangle Mastercard, you must be:

  • A Canadian resident
  • At least the age of majority in the province or territory where you live

Are There Income Requirements? 

There is also no income requirement for the Triangle Mastercard. Because of these relatively low barriers to entry, it’s easy for most people to get this card should they choose to do so.

Does The Triangle Mastercard Require A Credit Check?

When you apply for the Triangle Mastercard, your credit information will be obtained from the credit bureau to help the credit card issuer verify your ID and assess your creditworthiness. However, there is no additional information about any minimum credit score requirements. 

To help the creditor access your credit report, you will be asked to provide your social insurance number (SIN). However, this step is optional. 

How To Apply For The Triangle Mastercard

You can apply for the Triangle Mastercard on the Canadian Tire Triangle website. You must agree to their terms and provide your contact, personal, residential, and financial information on the website so that you can be considered for the credit card. It takes about one business day for your application to be processed.

To apply for the Triangle Mastercard, follow these steps:

Step 1: Provide Your Personal Information

Input information about yourself, including the following:

  • Full name
  • Birthdate
  • Email address
  • Telephone number 
  • Social insurance number (optional)

Step 2: Provide Your Address

Enter details about your living situation, including the following:

Step 3: Provide Your Employment and Income Information

Enter information about your job, including the following:

  • Employer contact information
  • Job description
  • Personal and household income annual

Step 4: Choose Your Statement Preferences

Select whether you’d like your credit card statements delivered electronically or through the mail. You’ll also be asked to enter your Triangle Rewards Account Number if you have one already, or you can ask for one to be provided. 

Step 5: Choose An Optional Protection Plan

You can add Triangle Credit Protector Life and Disability, which is a group creditor insurance coverage for your credit card. However, this is optional. This additional coverage costs $1 for every $100 of your average daily card balance.  

Step 6: Review And Accept The Agreement

Check off the box that indicates that you have read and agree to the terms and conditions, including the collection and use of your personal information. Then simply submit your application and wait for a response. 

Triangle Mastercard vs. The Triangle® World Elite Mastercard®

Both the Triangle Mastercard and the Triangle World Elite Mastercard allow you to earn Canadian Tire Money without paying an annual fee, but there are a few key differences between the two. 

With the Triangle World Elite Mastercard, you’ll be earning CT money at a higher rate for grocery, gas, and all other everyday purchases. Similarly, you’ll receive extra benefits like car rental insurance, extended warranty and roadside assistance. 

While both cards have no annual fee, the eligibility requirements for the two vary. In particular, the Triangle World Elite Card has an income requirement of $80,000 individually or $150,000 as a household. 

Triangle MastercardTriangle World Elite Mastercard
Annual Fee$0$0
Rewards– Earn 4% in Canadian Tire Money on eligible purchases
– Earn 1.5% in Canadian Tire Money at grocery stores
– Earn 5¢/L back on fuel at Canadian Tire Gas+ and Essence+ stations
– Earn 0.5% in Canadian Tire Money everywhere else
– Earn 4% in Canadian Tire Money on eligible purchases
– Earn 3% in Canadian Tire Money at grocery stores
– Earn 7¢/L back on premium fuel or 5¢/L back on other types of fuel at Canadian Tire Gas+ and Essence+ stations
– Earn 1% in Canadian Tire Money everywhere else
Perks– Weekly personalized offers
– No fee or interest financing on eligible purchases of at least $150 at participating retailers
– No receipt return
– Weekly personalized offers
– No fee or interest financing on eligible purchases of at least $150 at participating retailers
– No receipt return
– Extended warranty insurance for most items within 90 days of purchase
– Car rental damage waiver insurance
– Roadside assistance Gold Plan
– Personal 24/7 concierge services

Is The Triangle Mastercard Worth it?

The Triangle Mastercard is worth it if you’re making regular purchases at Canadian Tire and other specific stores within the high earn rate category. Otherwise, there are other loyalty cards that have higher reward rates for everyday purchases. You would be better off finding cards with higher reward rates or cards with rewards that can be used in more places.

Triangle Mastercard FAQs

How long does it take to apply for the Triangle Mastercard?

It takes less than 5 minutes to apply online for the Triangle Mastercard. 

Does the Triangle Mastercard have an interest-free grace period?

Yes, there is a minimum 21-day interest-free grace period (26 days for Quebec residents) on new purchases if payments are made in full by the payment due date.

How does the Triangle app work?

The Triangle app lets you use your mobile device to collect and redeem Canadian Tire Money and to manage your Triangle Rewards and credit card account. Just download the Triangle app on your phone and log into your account. 
Matthew Taylor avatar on Loans Canada
Matthew Taylor

Matthew joined the Loans Canada writing team in 2021 while was finishing up a Bachelor's degree at the University of Saskatchewan. It was there that he discovered his love of writing. His work has appeared in several publications, including the Canadian Student Review and In his spare time, Matthew enjoys reading, geocaching, and spending time with his family and pets.

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