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Canadian Tire Triangle® World Elite® Mastercard® review

Canadian Tire Triangle® World Elite® Mastercard® review

3.5

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4% back in CT Money on almost everything at Canadian Tire, Sport Chek, Mark's and more

3% back in CT Money at grocery stores (on the first $12,000 per year; excludes Costco and Walmart)

1% CT Money everywhere else you shop

21.99% Purchase APR non-Quebec residents

22.99% Balance Transfer Rate non-Quebec residents

22.99% Cash Advance APR non-Quebec residents

$0 Annual Fee no annual fee

2.5% Foreign Transaction Fee

Good Recommended Credit Score

$80,000 Required Annual Personal Income

$150,000 Required Annual Household Income

3.5

Canadian Tire Triangle® World Elite® Mastercard® review

Quick overview

Quick overview of the Canadian Tire Triangle® World Elite® Mastercard®

The Canadian Tire Triangle® World Elite® Mastercard® is a terrific, no annual fee rewards credit card. If you're a regular shopper at Canadian Tire stores and want to maximize your Triangle® rewards, check out our review to see if this credit card is right for you.

Who's it for?

Who’s the Canadian Tire Triangle® World Elite® Mastercard® for?

The Canadian Tire Triangle® World Elite® Mastercard® is ideal for those who frequently shop at Canadian Tire and Triangle® Rewards stores, such as Sport Chek, Atmosphere, Party City, Pro Hockey Life and Mark’s, as it will help them earn more rewards as they shop.

That suitability is based on the cards earn rates which overwhelmingly favour Canadian Tire brands over "everyday" categories. Fortunately, that is somewhat solved by the cards impressive earn rate on groceries, but this is capped at $1,000 per year (and excludes larger box stores like Target, Costco and Walmart).

Pros and cons

Pros and cons

Pros

Pros

  • Flexible rewards program

  • Comes with concierge services

Cons

Cons

  • High income requirements

  • Low earn rate for non-Triangle store purchases

  • $12k earning cap on grocery category

Welcome bonus

Canadian Tire Triangle® World Elite® Mastercard® welcome offer

Currently, there’s no welcome offer for the Triangle® World Elite® Mastercard®.

How to earn rewards

How to earn rewards on the Canadian Tire Triangle® World Elite® Mastercard®

With the Canadian Tire Triangle® World Elite® Mastercard®, you can earn 4% back in Canadian Tire Money® (CT Money) for all purchases made at Canadian Tire and Triangle® stores such as, Mark’s, Sport Chek and Atmosphere. You can also earn 3% back at grocery stores (on the first $12,000 per year) and 1% back on all other purchases. You also earn f5 cents back per litre on regular fuel and 7 cents back on premium fuel at Gas+ locations. 

How to redeem

How to redeem rewards with the Canadian Tire Triangle® World Elite® Mastercard®

You can redeem your CT Money at any Triangle® Rewards store.The cash value of CT Money is 1:1, which means that you can easily use your accumulated rewards as you would use real cash. 

Key benefits

Canadian Tire Triangle® World Elite® Mastercard® key benefits

  • 24/7 concierge services: The Triangle World Elite comes with Canadian Tire’s 24-hour concierge services,  which allows you to purchase concert tickets, make restaurant reservations and much more
  • Basic insurance: The Triangle Mastercard World Elite provides basic insurance protections but does come with roadside assistance and car rental insurance. 
  • Solid rewards (at Canadian Tire): The card also offers impressive rewards for shopping at Canadian Tire brands and partner stores. Rewards outside of CT purchases aren't exceptional, but the bonus rate on groceries is very competitive (and especially so for a card with no annual fee).
Insurance

Canadian Triangle® World Elite® Mastercard® insurance coverage

  • Roadside assistance gold plan: Under this coverage, if your vehicle breaks down you can have it towed for a distance up to 250 km per service call to the destination of your choice (within Canada or the US)
  • Purchase security insurance: This coverage provides 90 days of protection in event of loss, damage or theft for any items you purchase using the Triangle® World Elite® Mastercard®
  • Car rental collision/loss damage waiver insurance: Enjoy up to 31 consecutive days of rental car coverage when you charge the entire cost of the rental vehicle to your Triangle® World Elite® Mastercard® 
What users say

What people have to say about this card

It’s an OK card, good if you shop at CT/Sport Chek/Atmosphere as it lets you accumulate CT Money. The main driver for me was the no fee and FREE roadside assistance. I cancelled my CAA membership after I got the Triangle® card.

Reddit user wrx8888

Like this user points out, if you frequently shop at Canadian Tire locations, the Triangle® World Elite® is the perfect card to maximize your rewards. And with its added perks, you save money all around! 

How it compares

How the Canadian Tire Triangle® World Elite®​​ Mastercard® compares

Canadian Tire World Elite Mastercard vs MBNA Rewards World Elite Mastercard

MBNA Rewards World Elite® Mastercard®

Apply now

4.0

30,000 pts

Welcome offer

Good

Suggested credit score

Earn up to 30,000 bonus MBNA Rewards Points†† for cash back, gift cards and more.

Apply now

Pros

  • High earn rates: Up to 5 points per $1 on groceries, restaurants, digital media, memberships, utilities

  • Generous welcome bonus of up to 30,000 points, covering first-year annual fee

  • Points never expire, flexible redemption options including travel and statement credit

  • Birthday bonus: Up to 15,000 points annually, 10% of points earned in the previous year

  • Comprehensive benefits: Price protection, purchase assurance, extended warranty, travel insurance

Cons

  • High income requirements: $80,000 personal or $150,000 household income

  • Annual fee of $120 after the first year

  • Travel insurance package not as robust as other cards at similar price points

Eligibility

Recommended Credit Score

Good

Required Annual Personal Income

$80,000

Required Annual Household Income

$150,000

Pros

  • High earn rates: Up to 5 points per $1 on groceries, restaurants, digital media, memberships, utilities

  • Generous welcome bonus of up to 30,000 points, covering first-year annual fee

  • Points never expire, flexible redemption options including travel and statement credit

  • Birthday bonus: Up to 15,000 points annually, 10% of points earned in the previous year

  • Comprehensive benefits: Price protection, purchase assurance, extended warranty, travel insurance

Cons

  • High income requirements: $80,000 personal or $150,000 household income

  • Annual fee of $120 after the first year

  • Travel insurance package not as robust as other cards at similar price points

Eligibility

Recommended Credit Score

Good

Required Annual Personal Income

$80,000

Required Annual Household Income

$150,000

MBNA offers up to a 30,000-point welcome bonus

30,000

You get five points‡ per dollar spent on groceries, restaurants, digital media, memberships, and household utilities

5

All other purchases outside those categories earn one point per $1 spent.

1

Purchase APR

19.99%

Balance Transfer Rate

22.99%

Cash Advance APR

24.99%

Annual Fee

$120

Foreign Transaction Fee

2.5%

If you’re considering the Canadian Tire Triangle® World Elite® Mastercard®, you can also check out MBNA’s Rewards World Elite Mastercard. This credit card comes with a generous welcome offer and lots of great insurance perks, including common carrier accident insurance and travel medical insurance. The earn rates are also high for the MBNA Rewards World Elite Mastercard. The spending cap is also pretty generous. If you don’t frequently shop at Canadian Tire stores and don’t mind paying an annual fee, the MBNA Rewards World Elite Mastercard would be a better fit.

Disclosures:

  • Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
  • The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.

Canadian Tire World Elite Mastercard vs Tangerine Money-back Card

Tangerine Money-Back Credit Card

Apply now

4.0

Good

Suggested credit score

to receive the latest news, tips and offers by email

Apply now

Pros

  • No annual fee

  • Choose the spending categories where you want to earn the most cash back

  • Unlimited cash back—no maximum spending limit for any purchase category

  • Cash back is paid out monthly rather than annually

  • Periodically includes a special welcome offer where you can get extra cash back

  • 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*

Cons

  • Regular cash back rates are still lower than what you can get from a card with an annual fee

  • Limited extra perks or benefits beyond the cash back and balance transfer promotion

  • Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart

  • Tangerine does not have any physical bank branches

Eligibility

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

Pros

  • No annual fee

  • Choose the spending categories where you want to earn the most cash back

  • Unlimited cash back—no maximum spending limit for any purchase category

  • Cash back is paid out monthly rather than annually

  • Periodically includes a special welcome offer where you can get extra cash back

  • 1.95% interest on balance transfers for the first 6 months (1% transfer fee applies)*

Cons

  • Regular cash back rates are still lower than what you can get from a card with an annual fee

  • Limited extra perks or benefits beyond the cash back and balance transfer promotion

  • Generally not a good fit for shopping at warehouse clubs or wholesale grocers like Costco or Walmart

  • Tangerine does not have any physical bank branches

Eligibility

Recommended Credit Score

Good

Required Annual Personal Income

$12,000

Earn 2% cash back on 2 categories of your choice (e.g. groceries, recurring bills, gas, drug stores, etc.)

2%

Get a Tangerine Savings account and add a 3rd 2% cash back category.

3

Earn 0.50% on all your other everyday purchases.

0.5%

Variable APR

19.95% - 24.95%

Balance Transfer Rate

1.95%

Cash Advance APR

19.95%

Annual Fee

$0

Foreign Transaction Fee

2.5%

The Tangerine Money-Back Card is an amazing no-fee cash back card that comes with flexible rewards categories, making it more versatile than the Triangle® World Elite® Mastercard®. You can earn 2% cash back in up to three categories of your choice. Best of all, it comes with a generous welcome offer, which immediately maximizes your rewards potential. The Tangerine Money-Back credit card also has a low income requirement as compared to the Triangle® World Elite®.

Canadian Tire World Elite Mastercard vs Canadian Tire Triangle Mastercard

Canadian Tire Triangle® Mastercard®

2.8

Good

Suggested credit score

to receive the latest news, tips and offers by email

Read review

Pros

  • No annual fee

  • Up to 4% cash back on purchases

  • 5¢ back per litre of fuel at select gas partners

Cons

  • Rewards are geared towards Canadian Tire brands

  • Existing customers note lackluster customer service support

  • Limited insurance coverage

Eligibility

Recommended Credit Score

Good

Pros

  • No annual fee

  • Up to 4% cash back on purchases

  • 5¢ back per litre of fuel at select gas partners

Cons

  • Rewards are geared towards Canadian Tire brands

  • Existing customers note lackluster customer service support

  • Limited insurance coverage

Eligibility

Recommended Credit Score

Good

back in Canadian Tire Money (CT Money) at Canadian Tire, Sport Chek, Party City, Pro Hockey Life and more

4%

back in CT Money at grocery stores

1.5%

CT Money everywhere else you shop

0.5%

per litre back in Canadian Tire Money every time you fill up at Gas+ and Petro-Canada locations

5¢

Variable APR

21.99% - 25.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99% - 27.99%

Annual Fee

$0

Foreign Transaction Fee

2.5%

Canadian Triangle® World Elite® Mastercard® vs. Canadian Triangle® Mastercard®

If you’re considering both the Canadian Tire Triangle® Mastercard® and the Canadian Tire Triangle® World Elite® Mastercard® and you have a high annual income, you’re better off with the World Elite® as it comes with more perks for the same no annual fee benefit.  But if you don’t meet the income requirements for the Triangle® World Elite® Mastercard®, then you can consider the Triangle® Mastercard® or other worthwhile no annual fee cards in Canada. 

Is it worth it?

Is the Canadian Tire Triangle® World Elite® Mastercard® worth it?

The Canadian Tire Triangle® World Elite® Mastercard® is perfect for Canadian Tire and Triangle® store shoppers as you can accumulate CT Money on all of your regular purchases, without having to worry about an annual fee. Best of all, you get additional perks such as roadside assistance and 24-hour concierge services. 

Eligibility

Canadian Tire Triangle® World Elite® Mastercard® eligibility criteria

To qualify for the Triangle® World Elite® Mastercard®, you’ll need a minimum $80,000in annual income or $150,000 in total household income.

Lubna Umar Content Strategist

Lubna Umar has worked in the field of personal finance for over 5 years. She has produced a wide variety of content including personal finance guides and insurance reports for brands like RATESDOTCA and the Financial Post. In her free time, she can be found writing fiction or exploring the café culture in Toronto or any other major city.

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