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Email this3:18 pm
October 21, 2013
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http://www.thestar.com/busines.....ogram.html
Be sure to read the print below, not just watch the video, as there is more info there.
4% - not too shabby.
Time for Costco and others to step up to the plate!
4:28 pm
August 28, 2013
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Excuse me but 4% is useless.
"Also beginning in October, customers who pay using the Canadian Tire Options Mastercard at Mark’s, Sport Chek, PartSource, L’Equipeur and on Canadian Tire Home Services will get ten times the rewards – four per cent of purchases."
How often you buy hardware (not computer), pay for house cleaning/maintenance or buy auto parts???
Unless I can get 4% ANYWHERE this is not of much use for me.
6:00 pm
December 23, 2011
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JustMe said
Excuse me but 4% is useless.
"Also beginning in October, customers who pay using the Canadian Tire Options Mastercard at Mark’s, Sport Chek, PartSource, L’Equipeur and on Canadian Tire Home Services will get ten times the rewards – four per cent of purchases."How often you buy hardware (not computer), pay for house cleaning/maintenance or buy auto parts???
Unless I can get 4% ANYWHERE this is not of much use for me.
I agree. 
I wonder how many of the companies on the 4% list are under one umbrella? Look here at posting 33 34 and 35. https://www.highinterestsavings.ca/forum/credit-card-reward-programs/amex-costco-card/page-2/
It is like Canadian Tire, Tim Hortons and Costco are putting their twist on the Visa's, Mastercard's and Amex's to make them their "in house" credit card like a Bay card. I would be wary ...... I like an overall card that benefits me for all purchases. Or like I say, maybe some of us would like to go back to cash (not cheque or debit card) ...plain old paper or ooops plastic money for a 5% reduction at point of purchase.
I rarely shop at Canadian Tire as they often don't have the advertised product, they aren't there to handle your purchase, and they put up "special" tags and if you flip them up you will see it is "regular price". The only thing I buy there is car batteries as their warranty is pretty good. Since I usually use credit the CT money was never a consideration to shopping there and the odd time I use cash, the CT money goes in the donation jar. 
7:43 pm
August 5, 2014
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Kanaka, you are right. They are trying to tie everyone down to their store and reduce choice through their specific store credit cards.
Home Depot and Target got caught up in that big hacking of cardholder information and this is another possible disadvantage of having a store credit card for many stores.
Also, the extra hassle of paying more and more bills. Cash is king for consumers that have it and I think they don't want people to use cash as much so they are limited to spending at their stores.
Also, they know using credit boosts their sales by 10% to 20% depending on which research you believe.
10:42 pm
October 21, 2013
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JustMe, if you know somewhere where you can get 4% on ALL purchases on an ongoing basis, please let me know.
It will be useful for some people, and not for others, like all store cards. Depends on where you shop. I find CT generally does not have any real bargains, so tend to avoid it personally, but at least they are now giving people who do use their card at their stores a better bang for their buck than they used to give.
11:19 pm
August 5, 2014
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Loonie, like you said you have to compare their prices with other stores. It maybe that they have 4.00% higher prices on commonly used products and this is why they are offering a 4.00% rewards on all purchases.
On another note, they did lower their Canadian Tire Bank TFSA savings account from 1.90% to 1.60% which is $3.00 interest per year less per $1,000 TFSA balance. Also their 5 year GIC's on investments from $500 to $19,999 is only 2.25% which is pretty low as well, http://www.myctfs.com
11:35 am
October 21, 2013
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Jack Manning said
Loonie, like you said you have to compare their prices with other stores. It maybe that they have 4.00% higher prices on commonly used products and this is why they are offering a 4.00% rewards on all purchases.
Good point. It's never worthwhile to collect points or cashback or whatever if you have to pay extra for it in the first place.
8:14 pm
August 5, 2014
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Loonie, good comparison shopping using weekly flyers to find specials and any other ways like online promos is the way to go.
If someone can use their credit card, debit card or cash to boost their savings in the process then it is just a bonus on top of any savings found.
8:36 pm
October 21, 2013
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The new flyer from No Frills says that you can now get PC Points at No Frills (as well as Superstore, Loblaws, and I don't know where else.) You can also "price match" at No Frills (and at Superstore) - just show the cashier a current flyer from a major competitor. As far as I know, No Frills is the only discount supermarket where you can collect points, so far, and it is often the cheapest store.
8:40 pm
August 5, 2014
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Loonie, I think I saw that No Frills is giving now $40 of free groceries for new consumers increased from $25 for PC Financial credit card users. It looks like they want more loyalty to their stores and to PC Financial.
9:01 pm
October 21, 2013
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Jack Manning said
Loonie, I think I saw that No Frills is giving now $40 of free groceries for new consumers increased from $25 for PC Financial credit card users. It looks like they want more loyalty to their stores and to PC Financial.
I think it's good for consumers that there seems to be more competition right now for their loyalty. Perhaps this is occasioned by our unwillingness to spend, spend, spend.
However, I won't be getting their credit card. I get a better return with my current credit card, and it's not worth disturbing my credit rating for $40.
9:36 pm
August 5, 2014
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Yes, Loonie, you are right. Every time you get a new store credit card that does lower your credit score which is probably why they increased the free groceries to $40 so people that are not as informed would take them on their credit card offer.
12:06 am
October 21, 2013
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A better current deal is the Amex Airmiles card promo which is currently offering 1500 free Airmiles and first year fee-free. 1500 Airmiles are worth at least $150, depending what you use them on; probably more if you use them on plane travel. This is a 1% income boost for one year for anyone who is earning the minimum requirement of $15,000 - more than a lot of people are getting in annual raises right now. Offer good til end of Oct, I think.
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