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Canadian Tire Bank Gas Advantage Mastercard®
Credit cards

Canadian Tire Bank Gas Advantage Mastercard®

Updated 30.11.2022

About Gas Advantage Mastercard

The Gas Advantage Mastercard issued by Canadian Tire Bank offers drivers a savings opportunity with the Gas Advantage® Mastercard® Rewards Program.

The cardholders are entitled to a discount on each litre of gasoline or diesel fuel purchased at Canadian Tire Gas Bars with their Gas Advantage Mastercard.

Gas Advantage Mastercard features

The Gas Advantage Mastercard helps customers save their money for making purchases at eligible gas stations. All customers need to do is pay for the fuel at Canadian Tire Gas Bars with their card. The more they use their card for everyday purchases, the more they save, as the discount depends on the amount of the net new purchases posted:

  • Spending of $2,000 or greater this month: next month's savings of 10¢/litre

  • Spending of $1,000-$1,999.99 this month: next month's savings of 8¢/litre

  • Spending of $550-$999 this month: next month's savings of 5¢/litre

  • Spending of $0-$499this month: next month's savings of 2¢/litre

Moreover, customers can earn their discount faster. Regular purchases at Canadian Tire stores, Canadian Tire catalogue, Canadian Tire online, and Mark’s Work Wearhouse/L’Équipeur stores are doubled for calculating the discount per litre towards the next gas savings level.

Moreover, this credit card has no annual fee and no interest financing. However, such perks are only available for customers who spend $150 or more in-store at Canadian Tire using their Gas Advantage Mastercard. In addition, the interest rates on this credit card are standard-high: 19,99% on purchases and 22,99% on cash advances. 

Furthermore, customers will have access to additional perks provided by Canadian Tire Bank. These online accounts let customers manage and track their cards and expenses without visiting the office or eStatements that replace physical statements and are delivered via email. Also, they can find additional usable products such as Credit Protector and Identity Watch services.

However, this credit card doesn’t offer many unique benefits to cardholders. For example, customers will have no travel perks, insurance services, or cash back.

Pros and cons

Below you can see the key benefits of the Gas Advantage Mastercard:

  • Customers don’t have to pay an annual fee for this card;

  • Customers can earn discounts on fuel;

  • Free online account;

  • Several protection services;

  • A sign-up bonus of a $0.10 / L discount at Canadian Tire gas stations for the first 30 days of card membership;

  • Customers can increase their discounts.

However, Gas Advantage Mastercard's weak sides must also be taken into account:

  • Customers don’t receive cash back;

  • Limited perks available;

  • A limited redemption period;

  • No insurance services are offered. 

How to apply for a Gas Advantage Mastercard

Applying for the Canadian Tire Bank Gas Advantage Mastercard requires visiting the bank’s website. The application can be made online within 5 minutes. First of all, you need to find the Gas Advantage Mastercard webpage and visit it. On that page, you will see the “Apply Now” button that must be clicked. On the next step, you will be redirected to the application page. You must read the eligibility rules and click on the “Let’s Get Started!” button. Next, you will see the disclosures list that must be investigated precisely and if you agree with the terms, click on the “I Agree” button. Finally, you will be redirected to the application webpage, where you should enter the required data:

  • About Me: Your name, date of birth, email address, preferred language, phone number, and SIN (optional).

  • My Address: Your residential address where the bank will deliver your card, home type, mortgage amount, and how long you have lived there. 

  • My Work: Your occupation, industry, income, employment status, and some data depending on your status.

Afterward, you must enter your preferences and all the required information in the Credit Protector section. Once all fields are filled out, you must check and submit all the information.

Am I eligible for a Gas Advantage Mastercard?The eligibility rules of Gas Advantage Mastercard are not very strict. For example, the card has no minimum income requirements. However, the potential cardholder must be a resident of Canada and be over the age of majority in their province. In addition, according to reviews, a good credit score is required.
What purchases qualify for the Gas Advantage® Mastercard® Rewards Program?To earn a discount on each litre of gasoline or diesel fuel, you can make any purchases with your Gas Advantage Mastercard. To double the speed towards a more significant discount, all purchases at Canadian Tire stores, Canadian Tire catalogue, Canadian Tire online, and Mark’s Work Wearhouse/L’Équipeur stores qualify.
Can I lose my Gas Advantage discount?Yes, you can lose your Gas Advantage discount. You will lose it if the bank has terminated your right to use your Gas Advantage Mastercard as a result of a default by you under your Cardmember Agreement.
Rate
i

Effective interest rate on the product

19.99% - 22.99%

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