Canadian Tire Cash Advantage Mastercard Review



Annual Fee


Annual Rewards


Intro Offer


Annual fee


Annual rewards


Intro offer


  • Earn Canadian Tire Money: Get cash back in the form of Canadian Tire Money (CTM) on eligible purchases made with the card.
  • Generous cash back rate: Earn up to 1.5% cash back on eligible purchases.
  • No annual fee: Enjoy the benefits of this credit card without having to pay an annual fee.
  • Welcome bonus: New cardholders receive a bonus of up to 15 Canadian Tire Money after their first eligible purchase.
  • Gas discounts: Save up to 5 cents per litre at Canadian Tire gas bars when paying with this card.


  • Limited redemption options: CTM can only be redeemed at Canadian Tire, Sport Chek, and participating Mark’s/L’Équipeur, Atmosphere, and other affiliated stores.
  • High interest rate: The card carries a higher-than-average interest rate for purchases and cash advances (19.99% for purchases and 22.99% for cash advances).
  • No travel rewards: This credit card does not offer any travel benefits or rewards.
  • Limited cash back categories: The high cash back rate applies only to purchases made at Canadian Tire, Sport Chek, and affiliated stores; other purchases earn a lower rate of 0.5% cash back.
  • Earning cap: The cash back rate will be capped on spending of over $12,000 in a calendar year; after that, the rate will be reduced to 0.5% for the remaining spending in that year.

How you earn rewards

Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With Canadian Tire Cash Advantage Mastercard, here’s how you earn rewards:

Specific Stores1%

How much your rewards are worth

The dollar value of your rewards depends on the specific Canadian Tire rewards program and what you choose to redeem your points for.

For Canadian Tire Cash Advantage Mastercard in particular, if you spend $2,000 per month, here’s our estimated rewards earned depending on which reward you choose:

Redemption methodAnnual rewards
Apply to statement credit$12

Calculating your annual rewards

$24,000 annual spending x {{max_earn_rate}}% return on spending = $12 annual rewards

$12 annual rewards – $0 annual fee = $$12 net annual rewards

Details and eligibility

Do I qualify?
Estimated Credit Score760 – 900
Interest Rates
Cash Advance22.99%
Balance Transfer22.99%
Card typeMasterCard

Insurance coverage

Canadian Tire Cash Advantage Mastercard Review

The Canadian Tire Cash Advantage Mastercard is a popular option for Canadian consumers looking for a credit card that offers cash back rewards. In this review, we will outline the earning potential of the card, detail four key benefits, discuss two noteworthy drawbacks and provide additional relevant information for prospective users.

Earning potential with the card

The Canadian Tire Cash Advantage Mastercard offers cash back rewards on every purchase, with higher rates available depending on your annual spending. The reward rates are as follows:

  • 0.25% cash back on the first $1,500 of annual spending
  • 0.50% cash back on annual spending between $1,500.01 and $3,000
  • 1% cash back on annual spending above $3,000

It is important to note that the reward rates are based on total annual spending and not specific spending categories like dining, travel, or groceries.


  • Simplified Cash Back Earning Structure: The first major advantage of this card is its straightforward cash back earning structure. Unlike other cards that offer tiered rewards based on spending categories, the Canadian Tire Cash Advantage Mastercard provides cash back based on your overall annual spending, making it easy to understand and manage.
  • No Annual Fee: The second major advantage is the card’s lack of an annual fee. This is a great benefit for cardholders who want to maximize their cash back earnings without worrying about having to pay a fee each year.
  • Ability to Redeem Rewards at Canadian Tire and Partner Stores: The third major advantage is the card’s reward redemption options. Cardholders can use their earned rewards at Canadian Tire retail locations and other partner stores, offering flexibility when it comes to using their cash back.
  • Optional Balance Transfer Offer: The fourth major advantage of the Canadian Tire Cash Advantage Mastercard is the optional balance transfer offer. Cardholders may qualify for a promotional balance transfer rate for the first six months, allowing them to save on interest charges while consolidating any existing debt.
  • Low Reward Rate on Low Spending: One significant drawback of the Canadian Tire Cash Advantage Mastercard is the low cash back reward rate of 0.25% on the first $1,500 of annual spending. This can limit earning potential for lower spending cardholders and may not be as competitive when compared to other cash back cards in the market.

    Another notable drawback is that the cash back rewards can only be redeemed at Canadian Tire retail locations and partner stores. While this offers a unique redemption option, it may not be as flexible as other cards that provide statement credits, direct deposits, or other redemption options.

Additional information

In conclusion, the Canadian Tire Cash Advantage Mastercard is a viable choice for Canadian consumers looking for a no-annual-fee cash back card, especially for those who frequently shop at Canadian Tire and partner stores.

The simplified cash back earning structure and rewards redemption options make it an easy-to-use option. However, cardholders should be aware that the initial cash back rate is low for the first $1,500 of annual spending and are limited in their redemption options. Do your research and compare with other cash back cards to ensure it is the right choice for you.

Is the Canadian Tire Cash Advantage Mastercard not convincing you? Consider the Walmart Rewards Mastercard or the Triangle Mastercard. Still not the right credit card? Make sure not to miss the Vancity enviro Gold Visa (Low Rate Rewards).


With the Canadian Tire Cash Advantage Mastercard, you can redeem your points for Canadian Tire Money, which is a rewards currency that can be used for purchases at Canadian Tire stores, Canadian Tire Gas+ locations, SportChek, Atmosphere, Sports Rousseau, Hockey Experts, and L’Entrepôt du Hockey.

This provides you with a wide range of options to spend your rewards on products such as car accessories, tools, home improvement items, sports equipment, and outdoor gear.

The Canadian Tire Cash Advantage Mastercard credit card does indeed charge foreign transaction fees. When cardholders make purchases in a foreign currency using this card, they will be subject to a foreign currency conversion fee.

This fee is typically set at 2.5% of the transaction amount, so it’s important to consider these costs when using the card in foreign countries or when making online transactions with international merchants.

The Canadian Tire Cash Advantage Mastercard does not have a specific minimum income requirement for applicants. However, creditworthiness and an applicant’s overall financial situation will be considered during the approval process.

Key benefits

  • No annual fee: Enjoy cost-effective credit card membership.
  • Premium cash back opportunity: Earn up to 1.5% on eligible expenditures.
  • Welcome reward: Benefit from up to 15 CTM bonus for new cardholders.
  • Exclusive gas savings: Receive up to 5 cents/litre discount at Canadian Tire gas stations.
  • Specific merchant cash back: Maximize rewards at Canadian Tire, Sport Chek, and partner businesses.
  • Dynamic CTM redemptions: Utilize rewards across a range of affiliated stores.
  • Capped earning potential: Encounter limitations after $12,000 calendar year spending.
  • Restricted cash back opportunities: Limited high-yielding categories; 0.5% cash back on other expenditures.
  • Narrow redemption options: Confined to Canadian Tire, Sport Chek and associated outlets.
  • Elevated interest rates: Expect 19.99% on purchases and 22.99% on cash advances.
  • Absence of travel incentives: Lacks travel-related benefits as part of rewards system.

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