New Canadian Tire branded Triangle World Elite Mastercard | Credit card reward programs | Discussion forum

Nehpets said

Perhaps, but in my view, the rewards are far too restrictive, mainly because CDN Tire is generally overpriced unless what you need happens to be on "sale" there, which brings the price down to a more realistic and competitive level.
  

And watch those yellow tags. They make it look like the item is on sale.... but lift it up.......same price below. Such a deceiving way of doing business. Another place not to trust.

Loonie said
I agree; their prices are high. I only shop there when I have to, but, still, I do end up shopping there several times a year.

Their proprietary MasterCraft tools used to have a lifetime guarantee, and they would replace them for free. I'm not sure if this is still true. However, if it is, that may be worth considering as something you could buy there.  

Once again both CT Mastercraft and Sears Crafstman had good tools. But you paid double the price to cover the odd free replacement. Sears USA then stopped replacing some items and replaced refurbished items with new parts....ie ratchets. Sears Canada changed the sourcing of some of the Craftsman tools from made in USA to the lesser quality made In China items.

So the days of 50% off was the “only” time to buy tools, paint, or bed sets etc.

But today for tools there are much cheaper and better designed tools at Princess Auto and Harbor Freight in the US.

Ps. Just checked a few retailer tool warranties.....they seem to be all different.

The 5¢/L back seems to be at their Gas+ pumps only.

This is some of the fine print from Triangle World Elite Mastercard with more details. Interestingly, any Costco or Walmart stores that have grocery store MCC 5411 are specifically excluded from the 3% back for grocery store purchases:

Earn 3%² back in CT Money when you stock up at grocery stores (on the first $12k per year)

Earn 4%^† in CT Money at Canadian Tire, Sport Chek, Mark's/L'Equipeur and Atmosphere stores

Collect 5¢ back¹ per litre in CT Money on regular/mid-grade fuel and 7¢ per litre on premium fuel at Gas+ pumps

^† The Triangle Rewards Program is owned and operated by Canadian Tire Corporation, Limited. The Triangle Mastercard and Triangle World Elite Mastercard are issued by Canadian Tire Bank. Rewards are in the form of electronic Canadian Tire Money® (CT Money® ). Not all items sold at Canadian Tire, Sport Chek and participating Mark’s/L’Equipeur, Atmosphere and other partner locations are eligible to earn CT Money or to be redeemed for. Certain Mark's/L'Equipeur and Atmosphere stores may not participate. Conditions apply. Visit Program Rules for full program rules and Partners for partner location information including which locations do not participate. The offered rate is exclusive of any bonus or promotional offers or redemption transactions. CT Money is collected on the pre-tax amount of the purchase at Canadian Tire, Sport Chek, Atmosphere and Mark's/L'Equipeur.

¹ CT Money is collected on the number of whole litres of fuel purchased when you show your Triangle card, mobile App or key fob and pay with cash or debit. Rate subject to change and could vary by location, see local gas bar for details. Not all Gas+ locations have premium fuel. Must go inside kiosk to collect rewards with App or key fob.

² 3% earn rate applies to the first $12,000 in annual spend at grocery stores with Mastercard merchant code 5411. Excludes purchases at Walmart, Walmart Superstore and Costco. After that, your earn rate will be 1%. For examples of qualifying grocery merchants, visit triangle.com/merchants. Annual spend is based on a calendar year of January 1 - December 31.

Not clear what the earn rate for other purchases is. Might be something like 0.4%, the regular CT Money earn rate at their stores.

Have you determined whether the CDW is primary or secondary insurance? I would be looking for primary. The cheaper credit cards tend to offer secondary.
I don't know anything about the Roadside assistance with this card, but some of the flaws in others' include short towing distances and limited number of calls for tows and help. Again, usually the cheaper cards offer less. Still, their strong psychological association with auto transport might mean that they have a better plan.
I find that it's often difficult to get these details ironed out before applying for a card. Even if they're free, I want to know before I put my credit rating at risk. If they won't or can't tell me and the feature is important to me, I look elsewhere.

I wasn't able to find a copy of the certificate of insurance for the various insurance policies to see if the coverage would be primary or secondary. Just this footnote #6 giving the insurance company and the group policy number:

⁶ Purchase Security, Extended Warranty and Car Rental Collision/Loss Damage Waiver Insurance are insurance coverages underwritten by American Bankers Insurance Company of Florida (ABIC) under Group Policy CTB0418, issued by ABIC to Canadian Tire Bank. Details of the coverage, including definitions, benefits, limitations and exclusions, are outlined in the Certificate of Insurance included in the Triangle World Elite Mastercard welcome kit. ABIC, ASCI, its subsidiaries, and affiliates carry on business in Canada under the name of Assurant®.

You can also often get gift cards for various gas stations which are on discount at other retailers such as grocery and drug stores. The discounts come in the form of either cash discounts or AirMiles normally. These are normally worth more than 5 cents/L., plus you can get whatever cashback on the CC you used to buy them, which may be staggered in your favour, depending on where you bought and which CC you have.

There is also, in Ontario at least, the Shell discounts available from receipts for buying your groceries at Sobey's, which vary according to how much you spent. Sobey's is not the cheapest grocery store but you may need them to get things you can't buy elsewhere or if you are in a town which has few options. I get them donated by an elderly relative who shops there regularly but doesn't drive.

Norman1 said
The 5¢ per liter back is not as much as it sounds. Esso gives an extra 2¢ per liter back when paying by PC MasterCard on top of the usual 1% back. Petro Canada gives an extra 3¢ per liter back when paying by the RBC credit or debit card linked to the Petro-Points card.  

Right but this is 5¢ per liter. Considering I have to drive to work everyday, the 5 cents would give me a $10 discount monthly. I won't say no. And as you said, the roadside is enough to get this card (specially as I drive a lot to nowhereS)!

Save2Retire@55 said

Right but this is 5¢ per liter. Considering I have to drive to work everyday, the 5 cents would give me a $10 discount monthly. I won't say no. And as you said, the roadside is enough to get this card (specially as I drive a lot to nowhereS)!  

That will be the case if one was going to fill up at the Canadian Tire Gas+ station anyways.

In my case, the savings is not as certain. The price of gas in the part of town near work, with Shell and Esso stations, is often lower than the prices in the area I pass through where the Canadian Tire station is at.

As well, for some reason, the price of gas drops as it gets later into the evening. By that time, the Canadian Tire station is closed. I've been able to fill up at a lower price at an Esso or Petro Canada station in the same area than I could at the Canadian Tire station earlier when it was open!

It should be 100% no approval.

Canadian Tire Bank would be in serious trouble if it was caught issuing World Elite MasterCards to those who don't meet the minimum $80,000 personal or $150,000 family income requirement set by MasterCard Canada.

According to GreedyRates: MasterCard Increases Minimum Income Requirement On All World Elite Credit Cards, the current limits were effective December 2016.

Such limits were designed to stop card issuers from upgrading all their cards to premium cards, like the World Elite MasterCard, to collect the higher interchange fees from the merchants.

The incentive for issuers to do so is substantial. For example, the regular interchange for an electronic card-is-present charge to a regular MasterCard is 1.44%. The same charge to a World Elite MasterCard is 2.06% or 43% more!