Working hard in the background...
Canadian Tire Cash Advantage Mastercard Review
The Canadian Tire Cash Advantage Mastercard, while affordable, features a confusing tiered rewards program based on spending. Even the higher tiers offer underwhelming returns, making it the weakest option for accumulating meaningful rewards.
Apr 25, 2026 12:01 AM
Written By
Lead Writer
Edited By
Credit Card Expert
Reviewed By
Credit Card Expert
The Bottom Line
Even at the highest spending level, the Canadian Tire Cash Advantage Mastercard fails to match the cash back rates offered by either Triangle credit card on Canadian Tire purchases.
Skip to: Detailed Review
APPLY NOW
on Canadian Tire's website
Welcome Bonus
N/A
Annual Fee
$0
Interest Rates
21.99% / 22.99%, for Quebec 21.99%
RECOMMENDED CREDIT SCORE
300Poor
560Fair
660Good
725⁎Very Good
760⁎Excellent
Card Details
Interest Rates
Purchase APR
21.99%
Cash Advance APR
22.99%, for Quebec 21.99%
Balance Transfer APR
22.99%
Fees
Annual Fee
$0
Additional Cards
0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Very Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee
- High Canadian Tire cashback
- No fee financing
Cons
- Complicated rewards tier system
- Limited rewards outside brand
- No insurance
- No benefits
Our Detailed Review
How to Earn Rewards with the Canadian Tire Cash Advantage Mastercard
When you own the Canadian Tire Cash Advantage Mastercard, you earn the following:
- 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
How to Redeem Rewards with the Canadian Tire Cash Advantage Mastercard
Your cash back is automatically deposited into your account each year.
Benefits and Perks
1 Benefit of the Canadian Tire Cash Advantage Mastercard
There 's really only one benefit worth noting when it comes to the Canadian Tire Cash Advantage Mastercard.
Drawbacks and Considerations
4 Downsides to the Canadian Tire Cash Advantage Mastercard
On the other hand, there are plenty of downsides to consider.
The Canadian Tire Cash Advantage Mastercard uses a tiered rewards system that boosts cash back as spending milestones are reached, with double the cash back earned at Canadian Tire stores, Canadian Tire gas bars, and Mark’s. However, the initial earning tier is extremely low, and even the higher tiers offer disappointing returns.
For a store credit card, it's a bit disappointing that this contender lacks any purchase protection or extended warranty insurance, at the very least.
This card also lacks added perks, lowering its value even further.
Compare to Similar Cards
To help loyal customers decide whether the Canadian Tire Cash Advantage Mastercard belongs in their wallet, we've compared it against other best Canadian Tire credit cards in Canada.
Canadian Tire
1.8
Canadian Tire
3.2
Canadian Tire
3.0
Annual Fee
$0
$0
$0
Welcome Bonus
—
—
—
Rewards
0.25% - 3%
1x - 4x CanadianTire Dollars
0.5x - 4x CanadianTire Dollars
Earn Rates
Insurance Coverage
Extra Benefits
Requirements
Canadian Tire Cash Advantage Mastercard vs Triangle World Elite Mastercard
The Triangle World Elite Mastercard stands out as one of the best Canadian Tire credit cards in Canada on account of its strong rewards, solid insurance coverage, and standout benefits. In fact, it ranks highly as one of the best store credit cards in Canada. Cardholders collect solid cash back in Canadian Tire dollars on nearly everything at Canadian Tire, Sport Chek, Mark’s, L’Équipeur, Party City, Pro Hockey Life, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores, plus decent cash back in Canadian Tire dollars on groceries (excluding Costco and Walmart). Unlike the Canadian Tire Cash Advantage Mastercard, this competitor comes with purchase protection and car rental damage and theft insurance. For perks, expect gas discounts, concierge services, and roadside assistance. Just watch out for those high annual income requirements.
Verdict: The Triangle World Elite Mastercard is the best Canadian Tire credit card available, as long as you meet its annual income requirements.
Canadian Tire Cash Advantage Mastercard vs Triangle Mastercard
The Triangle Mastercard delivers the same strong Canadian Tire dollar cash back on purchases made at Canadian Tire and its affiliated retailers, including Sport Chek, Mark’s, Atmosphere, and Sports Experts. However, compared to the Triangle World Elite Mastercard, it earns roughly half the cashback on grocery purchases and a lower base rate on all other spending. While it doesn’t include any insurance coverage, cardholders still benefit from fuel discounts on premium and regular gas at Gas+ and Petro-Canada locations.
Verdict: The Triangle Mastercard is a solid option for customers who don’t meet the income requirements of the World Elite version.
Frequently Asked Questions
No. In fact, the Canadian Tire Cash Advantage Mastercard is probably the weakest Canadian Tire credit card out of the three available. For the best rewards, perks, and coverage, check out the Triangle World Elite Mastercard. If you don't qualify for the World Elite, try the Triangle Mastercard instead.
No. If you want a better no-fee Canadian Tire credit card, apply for the Triangle Mastercard.
The Canadian Tire Cash Advantage Mastercard uses a tiered rewards system that increases cash back rates as spending milestones are reached, with double the cash back available at Canadian Tire stores, Canadian Tire gas bars, and Mark’s.
About the author
Sara Skodak
Lead Writer
Since graduating from the University of Western Ontario, Sara has built a diverse writing portfolio, covering topics in the travel, business, and wellness sectors. As a self-started freelance content ...
SEE FULL BIOAbout the editor
Kevin Shahnazari
Credit Card Expert
Kevin started FinlyWealth and juggles a bit of everything—digging into data, running our marketing, and keeping the finances on track. Before this, he spent years as a data scientist at tech companies...
SEE FULL BIOAbout the reviewer
Abid Salahi
Credit Card Expert
Abid leads the design and engineering of the FinlyWealth website, making sure everything runs smoothly and looks great. He’s a seasoned software engineer who follows best practices and designs interfa...
SEE FULL BIOOn this page
Get personalized rewards estimates — see exactly how much you could earn.
Canadian Tire Cash Advantage Mastercard Cash Back Calculator