Credit cards today are pulling out all the stops with cash back, and if that’s what you’re after, a Canadian Tire Mastercard might be for you. In a time when cashless payments and online shopping are more popular than ever, it’s important to have a reliable card that rewards.
When you get a Canadian Tire credit card, you can make the most out of your transactions through cashback and savings, as long as you spend in qualified establishments and merchants.
We decided to take a closer look at the Canadian Tire Mastercard to find out what it’s really all about. In particular we examined the Cash Advantage Credit Card. If you want to know more about what this card offers, you’re going to want to continue reading down below.
Canadian Tire Cash Advantage Credit Card Features and Benefits
The most important feature of this card is its cashback program, which lets you earn up to 3% every time you spend at Canadian Tire stores and gas bars. This rate is also applicable for purchases at Marks.
When you are not spending on these establishments, you can still earn up to 1.5% cashback on eligible transactions. This includes groceries, dining & entertainment, and other purchases. This program lets you earn up to $120 in a year.
Aside from cashback, you can also expect a variety of benefits from this card. Equipped with Tap & Go, you can settle your transactions faster using your Cash Advantage card. You also can manage your account and statements online.
Application Process & Requirements
If you are interested in owning this credit card, it is important that you know the eligibility requirements for it. To be able to apply, you must be a Canadian resident of at least the age of majority in your province.
A source of income is a must. For this card, you should be currently employed or are receiving retirement benefits. Be ready to have your financial and credit background evaluated. This will help the bank determine the best rates for you.
As you proceed with your application, know that you will be required to provide your contact details including your name, home or phone number, email address. To make the process go faster, have a copy of your latest bank statement, payslips and the proof of identity ready.
Now head on to their website and pick the right card that fits your needs and lifestyle.
Rates & Charges
- Annual Fee – none
- Interest Rate – 25.99% for non-Quebec residents, 21.99% for Quebec residents.
- Cash Advance – 27.99% for non-Quebec residents, 21.99% for Quebec residents with a fee of $4.
Bank Contact Info
To know more about this offer, get in touch with a representative by calling the Credit Card Customer Service at 1-800-459-6415 or 905-735-7256. You can also send them a message by heading to their support page and using their Send Us a Message form.
If you spend a lot of time at Canadian Tire buying goodies for your vehicle and home then the Canadian Tire Cash Advantage card will help you feel better about it. You not only get to buy what you want, but you also get up to 3% cashback when you shop at Canadian Tire stores.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank’s Terms and Conditions page before agreeing to anything