The Triangle World Elite Mastercard is a credit card offered by Canadian Tire, one of the most recognized retailers in Canada. Canadian Tire was founded on the 19th of September,1922 and has stood the test of time by ensuring that it reinvented itself a few times. One of their major changes was eliminating the physical form of Canadian Tire Money (CTM).
While some people were upset that Canadian Tire would be so brazen as to eliminate physical CTM, the new credit card modernizes the loyalty program by offering more rewards and benefits to its users. The Triangle World Elite Mastercard offers a number of benefits and rewards, including 4% in CTM at Canadian Tire, Sport Chek, Mark’s/L’Équipeur, Atmosphere, Party City, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores.
This means that for every $100 spent on these stores, cardholders will earn $4 in CTM. This is a great way for cardholders to earn rewards on their purchases at Canadian Tire and participating stores. This is especially valuable for cardholders who are frequent shoppers at these stores and want to earn rewards on their everyday purchases.
What does this card has to offer?
It is not impossible to say that frequent shoppers of all these outlets can get $1000 or more per year in CTM, thus giving you the option to treat yourself and your family to a wonderful Christmas! The Triangle World Elite Mastercard also offers 3% in CT Money on grocery purchases (up to $12,000), which is a great way for cardholders to earn rewards on their everyday expenses.
This is a great option for cardholders who want to earn rewards on their grocery purchases, but it is important to note that this rate excludes purchases made at Costco and Walmart. Additionally, the card offers 1% in CT Money on all other purchases, making it a great all-around rewards card.
The card also offers 7 cents per litre in CT Money on premium fuel, and 5 cents per litre on all other fuel types at Gas+/Essence+ locations, allowing cardholders to earn rewards on their fuel expenses. This is a great benefit for cardholders who frequently drive and want to earn rewards on their fuel expenses.
Benefits for cardholders
Another great feature of the card is that it has no annual fee. Unlike many other cards, the Triangle World Elite Mastercard cardholders do not have to pay an annual fee to maintain their card. This is a great benefit for cardholders who want to earn rewards without having to pay an additional fee.
Additionally, the card offers no interest financing for qualifying purchases over $200 at participating merchants. This is a great option for cardholders who want to make a large purchase but do not want to pay the full amount upfront. Instead, they can choose to pay their purchase over a period of time with no interest charged. This can help cardholders manage their cash flow and budget better.
The card also comes with a free Roadside Assistance Gold Plan, which provides cardholders with assistance in case of a breakdown or accident. This is a great benefit for cardholders who frequently drive for long distances – such as truckers or travelling salespeople – or have a long commute from their homes to places of work, worship or entertainment.
The Roadside Assistance Gold Plan includes services such as towing, lockout assistance, jump-starts, and flat tire changes. This can provide peace of mind to cardholders while they are on the road. The card also offers enhanced customer service at Canadian Tire stores, providing cardholders with priority queuing.
Its requirements
This means that cardholders will be able to receive assistance faster when they visit Canadian Tire stores. This is a great benefit for cardholders who frequently shop at Canadian Tire stores and want to receive assistance quickly. However, the card does have some drawbacks. One of the main drawbacks of the card is the high-income requirements to qualify for it.
The card requires a minimum personal income of $80,000 or a household income of $150,000 to qualify. This means that the card is not accessible to everyone and is more suitable for high-income individuals. This can be a disadvantage for those who do not meet the income requirements, thus making them unable to apply for the card.
Another drawback is the lack of a welcome bonus. Many credit cards offer a welcome bonus to new cardholders as an incentive to sign up, but the Triangle World Elite Mastercard does not offer this benefit. This can be a disadvantage for cardholders who are looking for a card with a sign-up bonus.
Additionally, the interest rate for purchases, cash advances, and balance transfers is 19.99%, which is on the higher side compared to other credit cards. This means that cardholders will have to pay a high-interest rate on any unpaid balance. Furthermore, residents of Quebec pay 21.99% interest for cash transactions, which can be a significant disadvantage for cardholders who reside in Quebec.
Rewars and more
Lastly, the card’s insurance coverage is limited, and it is not as comprehensive as other credit cards. This means that cardholders may have to purchase additional insurance to cover their purchases or travel. In conclusion, the Triangle World Elite Mastercard is a credit card offered by Canadian Tire, one of the most recognized retailers in Canada.
The card offers a number of benefits and rewards, including 4% in CT Money at Canadian Tire, Sport Chek, Mark’s/L’Équipeur, Atmosphere, Party City, Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey, and participating Sports Experts stores, 3% in CT Money on grocery purchases (up to $12,000).
Finals
And 7 cents per litre in CT Money on premium fuel, and 5 cents per litre on all other fuel types at Gas+/Essence+ locations. Additionally, the card offers no annual fee and no interest financing for qualifying purchases over $200 at participating merchants. However, the card does have some drawbacks.
These can be such as the high-income requirements, lack of a welcome bonus, and a high interest rate for purchases, cash advances, and balance transfers. Additionally, the card’s insurance coverage is limited. Despite these drawbacks, the card can be a great option for those who frequently shop at Canadian Tire and participating stores and want to earn rewards on their purchases.
