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Card Details
Interest Rates
Purchase: 21.99%
Cash Advance: 22.99%, for Quebec 21.99%
Balance Transfer: 22.99%
Annual Fees
Main Card: $0
Additional Cards: 0
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
300Poor
560Fair
660Good
725Very Good
760Excellent
Welcome Bonus
N/A
Finly Rating
1.8/5
Institution
Canadian Tire
How You Earn Rewards
- 0.25% cash back up to $1,500 spent per year
- 0.5% cash back between $1,500 to $3,000 spent per year
- 1% cash back between $3,000 and $24,000 spent per year
- 1.5% cash back over $24,000 spent per year
- 2x cash back (from brackets above, up to 3%) on purchases at CanadianTire stores, Canadian Tire gas bars, and Marks
Rewards Breakdown
Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
No insurance coverage information available for this card.
No additional benefits available for this card.
Pros & Cons
Pros
- High cash back potential at Canadian Tire: Earn double cash back (up to 3%) on purchases at Canadian Tire and associated stores.
- No annual fee: You can enjoy cash back rewards without paying a fee to keep the card.
- No fee financing at Canadian Tire: Interest-free financing for 12 months on purchases over $200 at Canadian Tire stores.
Cons
- Complicated tier system: Rewards increase with spending, but you start with a low 0.25% cashback rate.
- Limited rewards at non-Canadian Tire stores: The base earn rate is quite low at 0.25%–1.5%.
- No insurance included: The card lacks any insurance coverage, which is commonly found on many other cards, even those without annual fees.