1.8
/5
Canadian Tire
Canadian Tire Cash Advantage MastercardCash Back Calculator
Our Take
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 SimplyCash® Card from American Express might be better suited to your needs.
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
Card Type
Credit
Our 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
Annual Rewards Breakdown
Annual Rewards Summary
Point Redemptions
Redemption Method
Net Value (After Annual Fee)
Insurance & Benefits
Insurance
No insurance coverage is bundled with this card.
Benefits
No additional benefits listed for this card.
Pros & 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