Canadian Tire Triangle World Mastercard – A 2020 Review

Welcome Bonus	0
Rewards Program	10
Earn Rates	4
Travel Benefits	0
Annual Benefits vs. Annual Fee	0
Referral Program	0
Travel Insurance	5
Purchase Coverage	10
Foreign Transaction Fees
Customer Service & Online Experience
Total

You can only get the Canadian Tire Triangle World Mastercard by INVITE-ONLY.

Features & Benefits of the Canadian Tire Triangle World Mastercard Card

Earn Rate on Canadian Tire, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey and participating Mark’s/L’Équipeur and Sports Experts stores.	4% CTM
Earn Rate on all other purchases	1% CTM
Earn Rate on premium fuel at Gas+/Essence+ locations and participating Husky stations	7¢ CTM/litre
Earn Rate on all other fuel grades at Gas+/Essence+ locations and participating Husky stations	5¢ CTM/litre
Foreign Transaction Fee	2.5%
Annual Fee	$0
Easy Financing	✔
Easy Returns without a receipt at selected Canadian Tire stores	✔
Enhanced Customer Service (Priority Queuing)	✔
Purchase Security & Extended Warranty	✔

#1 Welcome Bonus

The Canadian Tire Triangle World Mastercard is an invite-only card. Similar to the concept of Amex Centurion card otherwise known as Amex Black card, you can’t apply for the Triangle World Mastercard.

As a no-fee invitation only card, this card doesn’t offer a welcome bonus.

Canadian Tire Triangle World Mastercard Card Welcome Bonus Score: 0/10

#2 Rewards Program

The Triangle World Mastercard is a part of the Triangle Rewards loyalty program, which is a well-known name in Canada with one of the oldest in-store loyalty programs (remember Canadian Tire Money?). Canadian Tire Money otherwise known as CTM is usable at any Canadian Tire, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey and participating Mark’s/L’Équipeur and Sports Experts stores.

As a Canadian Tire Triangle World Elite Mastercard cardholder, you will be automatically enrolled in the Triangle Rewards program so you can collect CTM. The value of CTM depends on the purchase type – the highest earn rate is 4% which you earn (pre tax amount) at Canadian Tire and participating stores. Here is a breakdown of how much CTM you earn for your purchase:

Purchase Amount	$100
CTM Earned	$4
Average Sales Tax in Canada	13%
Total Cost Including Tax	$113
Real % of CTM Earned	3.53%

If your purchase costs $100, you’ll earn $4 in CTM. And with an average sales tax of 13% in Canada, the total purchase comes to $113, which means the $4 in CTM you earn is 3.53% of the total purchase paid. Even though the real earn rate is 3.53%, not 4%, it’s still nearly a 10x step up from the 0.4% cashback Canadian Tire used to offer. 

CTM never expires: it stays with you, even if you don’t use it, for as long as you like. Your CTM can’t be transferred to other rewards programs, and it can only be redeemed at Canadian Tire stores. You can also donate your CTM to charities or community groups if you choose.

Canadian Tire Triangle World Mastercard Card Rewards Program Score: 10/10

#3 Earn Rates

Spending Category	CTM Earned Per Dollar Spent
Travel	1%
Food & Drinks	1%
Gas	7¢ CTM/liter for premium fuels 5¢ CTM/liter for other fuel grades at Gas+/Essence+ locations and participating Husky stations
Groceries	1%
Other	1%

On whole, the earn rates are less than average for Triangle World Mastercard in the regular categories mentioned above at just 1% CTM. However, the earn rate is highest (4%) at Canadian Tire, Canadian Tire, Sport Chek, Atmosphere, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey and participating Mark’s/L’Équipeur and Sports Experts stores. 

If you are an active Canadian Tire shopper, then you would be keen on the Triangle World Mastercard card. 

Another great way to earn CTM with this card is by filling up your tank at Gas+/Essence+ and participating Husky gas stations. 

This is an upgrade feature from the Triangle Mastercard to Triangle World Mastercard. If you are a premium fuel user, you would receive 7¢/litre in CTM and for all other types of fuel, you would receive 5¢/litre in CTM. Considering that the average price of premium 95-octane fuel in Canada during the first trimester of 2020 was around $1.25/litre, this earn rate works up to an astounding average 5.6%. Lower-grade fuel averaged around $0.9/litre, so the 5¢ you get back are also equal to an average of 5.6%. 

This level of return on fuel is almost unparalleled, so if you use your car frequently, or like to travel by road, this card is a Godsend.

Canadian Tire Triangle World Mastercard Card Earn Rates Score: ___/10

#4 Travel Benefits

The Canadian Tire Triangle World Mastercard card has poor travel benefits where it has almost nothing to offer for even the occasional traveller unless you are looking to earn 1% CTM for purchases outside Canadian Tire and pariticpanting stores.  

Companion Tickets
Hotel Status
Hotel Benefits/Upgrades
Annual Travel Credit
Airport Lounge Access
Airport VIP
Concierge
Other Travel Benefits

Canadian Tire Triangle World Mastercard Card Travel Benefits Score: 0/10

#5 Annual Benefits vs. Annual Fee

There is no annual fee for the Canadian Tire Triangle World Mastercard. However, you can only be entitled to this card on an invite-only basis.

Now this might be confusing if you are reading up on Triangle Mastercard and Triangle World Elite Mastercard and wondering why is it Triangle World Mastercard is invitation-only while you can apply for Triangle World Elite Mastercard which comes with better features and benefits in comparison. Triangle World Mastercard is meant to be a slightly enhanced card from Triangle Mastercard in terms of:

• Accelerated cash back on premium fuels at Gas+ and Husky stations,  
• Purchase security, 
• Extended warranty
• Car rental insurance
• Priority queuing

As such, Canadian Tire requires you to meet a minimum spending requirement to qualify for an invitation to upgrade to Triangle World Mastercard. If you do qualify, you will receive a call or email from Canadian Tire on the upgrade from Triangle Mastercard to Triangle World Mastercard. 

Canadian Tire Triangle World Mastercard Card Annual Benefits vs. Annual Fee Score: ____/10

#6 Referral Program

Being an invite-only credit card, Canadian Tire Triangle World Mastercard card does not have a referral program. 

Canadian Tire Triangle World Mastercard Card Referral Program Score: 0/10

#7 Travel Insurance

Emergency Medical Insurance (Out of province/country)	N/A
Travel Accident Insurance	N/A
Trip Cancelation Insurance	N/A
Trip Interruption Insurance	N/A
Baggage Delay & Flight Delay Insurance	N/A
Lost or Stolen Baggage Insurance	N/A
Hotel/Motel Burglary Insurance	N/A
Car Rental Theft and Damage Insurance	$65,000

The Canadian Tire Triangle World Mastercard is clearly not targeted for travel benefits considering the poor selection given. It only has Car Rental Collision/Loss Damage Waiver Insurance claimable up to $65,000. To qualify for this insurance benefit,

• you have to use your Canadian Tire Triangle World Elite Mastercard to charge the car rental fully and decline the rental agency’s damage waiver.
• the car rental has to be in your name even if the rental has been charged to your Canadian Tire Triangle World Elite Mastercard
• the car rental period must not exceed 31 consecutive days.

While the travel insurance may not be as comprehensive, the car rental theft and damage insurance is pretty handy especially when this insurance type usually costs $20 / day of the car rental. However, the coverage sum is not as extensive as other cards such as Amex Cobalt which has car rental insurance which coverage up to $85,000 for 48 consecutive days.

Canadian Tire Triangle World Mastercard Card Travel Insurance Score: 2/10

#8 Purchase Coverage

For the frequent yet cautious shopper, the great news about Canadian Tire Triangle World Mastercard is it has good purchase coverage. It has both Purchase Security and Extended Warranty coverage.

If you pay for your purchases fully with your card, your purchase will be protected for ninety (90) days from the date of purchase against loss, damage or theft anywhere in the world. In terms of the extended warranty coverage, you can receive double the period of repair services otherwise provided by the Original Manufacturer’s Warranty to a maximum of one (1) full year. This is valid without any registration required as long as the original warranty is 5 years or less and valid in Canada or the United States.

Canadian Tire Triangle World Mastercard Card Purchase Coverage Score: 10/10

#9 Foreign Transaction Fees

This card charges a pretty standard Foreign Transaction fee, but the Foreign Cash Advance fee is somewhat lower than its nearest competitors. The 2.5% charged on all foreign transactions is almost an industry standard, with very few cards charging more, and very few charging less. Most credit cards charge a $5 fee on cash advances in foreign currency, but this one only charges $4, making it only second to the Desjardins Classic Visa, which doesn’t charge a fee on cash advances.

Canadian Tire Triangle World Mastercard Card Foreign Transaction Fees Score: 5/10

#10 Customer Service & Online Experience

Canadian Tire has customer service accessibility via phone and email contact only. This credit card customer service is available 24 hours for 7 days a week.

Canadian Tire Triangle World Mastercard Card Customer Service & Online Experience Score: 5/10

Alternatives To The Canadian Tire Triangle World Mastercard Card

This card is not for frequent travellers or those expecting great cashbacks for daily/monthly essentials such as groceries, bill payments etc. You can consider the below cards as possible alternatives:

Scotiabank Gold Amex

Sentences 1 and 2: Describe the main features and benefits this card has to offer and why is it better than the one this post is about.

Sentence 3: Suggest to read our post on this card and make sure to add the link.

Canadian Tire World Elite Mastercard

With Canadian Tire World Elite Mastercard, you can additionally enjoy 3% CTM on groceries spent, receive airport lounge access via Loungekey program and enjoy concierge services at your convenience. To top if off, it is at $0 annual fee cost. For further details on this card, you can read our Canadian Tire World Elite Mastercard review >tag post>.

Who Should Get The Canadian Tire Triangle World Mastercard Card?

This is a good upgrade to get from Canadian Tire Triangle Mastercard to Canadian Tire Triangle World Mastercard to enjoy better purchase security, better returns on premium fuel use and to enjoy car rental insurance coverage with no annual fee. If you are below income bracket of $80,000 (individual) annual income (the minimum requirement to qualify for Canadian Tire Triangle World Elite Mastercard), then this card would be suitable for you to aspire being invited by Canadian Tire.

However, if you are looking for a card with fancy earn rates for groceries or comprehensive travel insurance and travel benefits, this is not your card pick. There are other options that are better suited.

To qualify for the Triangle World Mastercard, first, you need to own a Canadian Tire Triangle Mastercard and achieve a minimum spending requirement at Canadian Tire or participating stores. After this, you can be invited to own a Triangle World Mastercard.