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Canadian Tire Cash Advantage Mastercard Review
The Bottom Line
The Canadian Tire Cash Advantage Mastercard is a solid choice for frequent shoppers at Canadian Tire stores. However, it may not be the best option for those looking for higher cashback or rewards on purchases outside of the Canadian Tire family of stores. The tiered rewards system and lack of insurance are notable downsides. If simplicity and more comprehensive rewards are what you're after, alternatives like the SimplyCashĀ® Card from American Express might be better suited to your needs.
APPLY NOW
on Canadian Tire's website
Welcome Bonus
N/A
Rewards Rate
0.25% - 3%
Cash Back
Annual Fee
$0
Interest Rates
21.99% / 22.99%, for Quebec 21.99%
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
Eligibility
Credit Score
Very GoodAnnual Income
N/A
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 Back
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%ā1.5%.
- No insurance included: The card lacks any insurance coverage, which is commonly found on many other cards, even those without annual fees.
Get personalized rewards estimates ā see exactly how much you could earn.
Canadian Tire Cash Advantage Mastercard Cash Back Calculator
APPLY NOW
on Canadian Tire's website