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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Canadian Tire Bank

Advertiser Disclosure

About

Canadian Tire Bank (CTB) is a financial services branch of Canadian Tire Corporation, Ltd.  It was established in 2003 and acquired the MasterCard Portfolio from Canadian Tire Financial Services Limited. CTFSL was established in 1961 as a financial service company that provided third-party credit processing for local retailers.

Now CTB is mostly concentrated on the Triangle credit card portfolio and provides it to four million cardholders, but it also offers other financial products and services. Has offices in Welland, St. Catharines, and Oakville, Ontario.  

Features

  1. CTB is a financial service company, a subsidiary of Canadian Tire Company, known for its loyalty program, Canadian Tire money (CT Money), launched in 1958. Customers could use it to buy anything at the participating stores. It's a well-organized program replaced by Triangle Rewards that has been operating and evolving in the long run. The paper coupons are still issued and accepted, however, at a lower rate than plastic reward cards have. 

  2. The company is focused on a rewards program and credit cards that allow you to earn cashback using a rewards card, credit card, mobile app, or even paper coupons and redeem them mostly for anything you want at the wide range of stores offline and online. But you can't obtain services like loans, mortgages or chequing accounts, RESP, RRSP, investments, and business accounts. 

  3. Canadian Tire Bank is a developing company that implements new products such as a mobile application and getting to offer a wider range of options like deposit accounts for existing and new clients. You may use their online and in-store services for your convenience. 

Pros and cons 

Pros 

  • Effective and favorable rewards program

  • A long history

  • Online account to manage your funds

  • Mobile App to manage your Triangle Rewards and credit card accounts

  • High-interest rate

  • No fee products

Cons

  • A limited choice of products 

  • No business products and services 

  • No USD accounts

  • No promo offers and benefits 

  • Deposit accounts aren't available in Quebec 

  • Rewards are redeemed in the Canadian Tire chain and partners only

Products

  1. Triangle Mastercard with no annual fee, its requirements are easy to meet, and there is a convenient ability to collect and redeem Triangle rewards. 

  2. Triangle World Elite Mastercard allows you to earn rewards faster and provides premium rates, benefits, and services like the Roadside assistance Gold Plan. 

  3. Triangle App is made to manage your Triangle Rewards account and Triangle credit card accounts in one single place: view balance and transaction, pay your credit card statement, and activate offers. 

  4. Canadian Tire High-Interest Savings Account and Canadian Tire Tax-Free High-Interest Savings Account with a 2.40% annual rate and no minimum balance. 

  5. Canadian Tire GICs and Tax-free GIC account with high-interest rates and a minimum deposit of $1,000.

  6. My Online account allows you to manage and review your Canadian Tire credit cards and deposit accounts. You may activate cards, pay bills, view account details, balance, and many more. 

Services 

  1. Triangle Rewards Program is made to collect and redeem Canadian Tire Money with a credit card, plastic reward card, or mobile app at eligible locations.

  2. Canadian Tire deposit accounts: High-Interest Savings Account, TFSA, GICs with no monthly fees and high-interest rate manageable through an online account. 

  3. Canadian Tire credit cards: Triangle Mastercard, Triangle World Elite Mastercard, which allow you to collect and redeem Triangle rewards mostly anywhere for any eligible purchases, Gas Advantage Mastercard with special rewards for drivers, and Cash Advantage Mastercard with higher cashback for all purchases. CT credit card services without an annual fee and without interest financing on qualifying purchases with the additional no-receipt easy return.  

  4. An Online account and the mobile app help to manage your credit card and reward card transactions and balance. But there is no mobile app to use for deposit account holders. 

Canadian Tire Bank

FAQ

Is Canadian Tire Bank legitimate?

Yes, it's a retail company Canadian Tire Corporation, Ltd. subsidiary, with total assets of $19.518 billion. CTB was established in 2003 to provide financial services, work with Mastercard credit card portfolios and develop new banking products. It's an operating name of Canadian Tire Financial Services Limited. The bank is listed on OPENGOVCA, and its ID is 3164187.

How can I collect Canadian Tire Money?

To collect Canadian Tire Money, purchase Canadian Tire, Sport Chek, Mark's, L’Équipeur, Party City, Gas+, Pro Hockey Life, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts locations across Canada, including online purchases at CanadianTire.ca, Marks.com, partycity.ca, SportChek.ca, prohockeylife.com, Atmosphere.ca, and sportexperts.ca. Show your Triangle App, Triangle Rewards card, or key fob upon checkout or by simply paying with a Triangle credit card.

Can I apply for Canadian Tire products if I'm a Quebec resident?

Yes, you could apply for Canadian Tire credit cards with a lower interest rate. But CTB deposit accounts are currently unavailable for Quebec residents.

Company documents

Voluntary Commitments and Codes of Conduct CBA Code of Conduct for Authorized Insurance Activities

As the financial services arm of Canadian Tire Corporation, Ltd., Canadian Tire Bank (CTB) is primarily engaged in marketing the Triangle™ Credit Card portfolio to four million cardmembers. Triangle credit cards are is accepted at more than 24 million locations worldwide, and offers its customers the ability to collect Canadian Tire Money®, the faster way to collect Canadian Tire Money.

© Canadian Tire Bank (CTB)

Canadian Tire Bank service available provinces

  • Ontario
  • Quebec
  • Nova Scotia
  • New Brunswick
  • Manitoba
  • British Columbia
  • Prince Edward Island
  • Saskatchewan
  • Alberta
  • Newfoundland and Labrador
  • Northwest Territories
  • Yukon
  • Nunavut
Canadian Tire Bank service available provinces

Financial products

Canadian Tire Bank
Canadian Tire Bank Cash Advantage Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 22.99%
Canadian Tire Bank
Canadian Tire Bank Gas Advantage Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 22.99%
Canadian Tire Bank
Triangle Mastercard®
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 27.99%
Canadian Tire Bank
Canadian Tire Tax Free High Interest Savings*® Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Rate
i

Effective interest rate on the product

3.00%
Canadian Tire Bank
Canadian Tire Guaranteed Investment® Certificate (GIC)
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$1,000 minimum initial investment
Term
i

Loan term for the financial product

1-5 years
Canadian Tire Bank
Canadian Tire High Interest Savings*® Account
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

$0 monthly fee
Rate
i

Effective interest rate on the product

3.00%
aggregation.company.all-products

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