Dollarwise

Triangle MasterCard Review

•7 views

[wpcode id=\"6346\"]






Mastercard > Triangle







Advertising disclosure









{{card.name}} Review







{{ranking}}

★★★★★











\"\"













Apply Now ->



















{{card.annualFee}}





Annual Fee







{{card.rewards}}





Annual Rewards







{{card.introOffer}}





Intro Offer









{{card.annualFee}}





Annual fee







{{card.rewards}}





Annual rewards







{{card.introOffer}}





Intro offer
























Pros











{{Pros}}

















Cons











{{Cons}}













Editorial Note: DollarWise may earn a commission on sales made from partner links on this page.





Performance test results





At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.





You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.





The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).









{{factor_score_rewards}}

















Rewards











{{factor_score_fee}}

















Fees











{{factor_score_perks}}

















Perks











{{factor_score_interest}}

















Interest rates













{{factor_score_insurance}}

















Insurance











{{factor_score_acceptance}}

















Acceptance











{{factor_score_approval}}

















Approval











The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.





These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.





This weighting allows us to judge cards on their merits and the customers they are designed for.





For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.





Rewards





With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:





Bills{{reward_bills}}
Pharmacy{{reward_drug}}
Gas{{reward_gas}}
Groceries{{reward_grocery}}
Restaurants{{reward_restaurant}}
Specific Stores{{reward_store}}
Travel{{reward_travel}}
All Other Spend{{reward_other}}




Calculating your annual rewards





We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.





Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.





We found that you'd earn this per category:





Bills{{bills_dollarrewards}}
Pharmacy{{drug_dollarrewards}}
Gas{{gas_dollarrewards}}
Groceries{{grocery_dollarrewards}}
Restaurants{{restaurant_dollarrewards}}
Specific Stores{{store_dollarrewards}}
Travel{{travel_dollarrewards}}
All Other Spend{{other_dollarrewards}}




\"\"




Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.





This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.





The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.





\"\"




We can compare this card to other options by looking at the earn rate by category.





This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.





For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.





In this example, that's a 10% earn rate on gas.





SpendThis CardAverage
Bills{{bills_earnrate}}{{averages.mean_bills_earnrate}}
Pharmacy{{drug_earnrate}}{{averages.mean_drug_earnrate}}
Gas{{gas_earnrate}}{{averages.mean_gas_earnrate}}
Groceries{{grocery_earnrate}}{{averages.mean_grocery_earnrate}}
Restaurant{{restaurant_earnrate}}{{averages.mean_restaurant_earnrate}}
Store{{store_earnrate}}{{averages.mean_store_earnrate}}
Travel{{travel_earnrate}}{{averages.mean_travel_earnrate}}
Other{{other_earnrate}}{{averages.mean_other_earnrate}}
Above, we've calculated the earn rate for the {{card.name}} for every spend category and compared it to the average for all Canadian credit cards.




Redemption methodAnnual rewards
Transfer to partner airlines{{transfer_airlines}}
Fixed points travel{{fixed_points_travel}}
Transfer to partner hotels{{transfer_hotel}}
Redeem for travel{{redeem_travel}}
Apply to statement credit{{statement_credit}}
Ticketmaster{{ticketmaster}}
Charity{{charity}}
Gift cards{{gift_cards}}
Amazon.ca{{amazon}}
Merchandise{{merchandise}}
Make investments{{investments}}
Enjoy experiences{{experiences}}
Car rentals{{car_rental}}
Vacations{{vacation}}
Attractions{{attractions}}
Cash rewards{{cash_rewards}}
Grocery rewards{{grocery_rewards}}
Restaurant rewards{{restaurant_rewards}}
Movie rewards{{movie_rewards}}
Apple / BestBuy{{apple_bestbuy}}
Flight rewards{{flight_rewards}}
Airlines Rewards (Charts){{airlines_rewards_chart}}
CIBC financial products{{cibc_financial_products}}
Air travel - redemptions (scheduled){{air_travel_redemptions_schedule}}
RBC travel{{rbc_travel}}
Transfer to WestJet{{transfer_westjet}}
Transfer to Hudson Bay{{transfer_bay}}
RBC financial products{{rbc_financial_products_rewards}}
Air Canada gift cards{{aircanada_gift_card}}
Air Canada vactions{{air_canada_vacations}}
Electronics gift cards{{electronics_gift_cards}}
Cash - World Elite{{cash_worldelite}}
Cash - Platinum Plus{{cash_platinumplus}}
Banking plans{{banking_plans}}
Desjardins financial products{{desjardins_financial_products}}
Expedia travel{{expedia_td}}
Educational rewards{{education_rewards}}
HSBC financial products{{hsbc_financial_products}}
Walmart{{walmart_rewards}}
Triangle (Canadian Tire){{triangle_rewards}}
Meridian travel{{meridian_travel}}
Direct deposit{{direct_deposit_rewards}}
Costco gift cards{{costco_gift_cards}}
Wireless Rogers rewards{{wireless_rogers_rewards}}
1 Rogers rewards{{1_roger_rewards}}
Other Rogers rewards{{other_roger_rewards}}
Other 1 Rogers rewards{{other_1_roger_rewards}}




For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.





That's equivalent to a {{total_earn_rate}} return on spending.





The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.





This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.





In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.





Fees





The {{card.name}} has a {{card.annualFee}} annual fee.





The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.





Perks





\"\"




We manually review the perks of each credit card to determine how they compare to other cards.





The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.





The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.





Interest Rates





Purchase{{purchase_interest_rate}}%
Cash Advance{{cash_advance_interest_rate}}%
Balance Transfer{{balance_transfer_interest_rate}}%




The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.





For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.





Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.





Insurance coverage





InsuranceThis CardAverage
Extended Warranty{{warranty}}{{averages.median_warranty}}
Purchase Protection{{purchase_protection}}{{averages.median_purchase_protection}}
Travel Accident{{travel_accident}}{{averages.median_travel_accident}}
Emergency Medical Term{{emergency_medical_term}}{{averages.median_emergency_medical_term}}
Emergency Medical over 65{{emergency_medical_65}}{{averages.median_emergency_medical_65}}
Trip Cancellation{{trip_cancellation}}{{averages.median_trip_cancellation}}
Trip Interruption{{trip_interruption}}{{averages.median_trip_interruption}}
Flight Delay{{flight_delay}}{{averages.median_flight_delay}}
Baggage Delay{{baggage_delay_insurance}}{{averages.median_baggage_delay_insurance}}
Lost or Stolen Baggage{{stolen_baggage}}{{averages.median_stolen_baggage}}
Event Cancellation{{event_cancel}}{{averages.median_event_cancel}}
Rental Car Theft & Damage{{rental_theft_damage}}No
Rental Car Personal Effects{{rental_personal}}{{averages.median_rental_personal}}
Rental Car Accident{{rental_accident}}{{averages.median_rental_accident}}
Hotel Burglary{{hotel_burglary}}{{averages.median_hotel_burglary}}
Mobile Phone Insurance{{mobile_insurance}}{{averages.median_mobile_insurance}}
Personal Effects Insurance{{personal_effects}}{{averages.median_personal_effects}}
Price Protection Insurance{{price_protection}}{{averages.median_price_protection}}




We scored it {{factor_score_insurance}} out of 5 for insurance.





It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.





Approval and qualifying







Do I qualify?
Estimated Credit Score{{credit_score_low}} - {{credit_score_high}}
Personal Income{{personal_income}}
Household Income{{household_income}}






Fees
Annual Fee{{card.annualFee}}
Extra Card Fee$0
Card type{{card_type}}






We scored it {{factor_score_approval}} out of 5 for approval.





We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.





This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.





The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.





This puts it in the {{decile.personal_income}} of cards by the income required to qualify.





The Triangle Mastercard credit card has become a popular choice for Canadians due to its mix of features and rewards. In this review, we will break down the earning potential, benefits, drawbacks, and other relevant information for prospective cardholders.





Earning potential





Cardholders earn Canadian Tire Money (CTM) with the Triangle Mastercard. They receive 4% back in CTM on qualifying purchases at Canadian Tire, Sport Chek, and participating Mark’s stores.





In addition, 1.5% cash back is earned on eligible grocery purchases (excluding Walmart and Costco) up to $12,000 annually. All other qualifying purchases earn 0.5% back in CTM.





It is worth noting that CTM can only be redeemed at Canadian Tire stores or through the Triangle Rewards program.





Benefits






  1. No Annual Fee: The Triangle Mastercard has no annual fee, making it a cost-effective option for those looking to earn rewards without incurring additional expenses.




  2. Financing Options: This card offers attractive financing options for Canadian Tire shoppers. Cardholders have the opportunity to participate in no-interest financing promotions at Canadian Tire, giving them the flexibility to spread their payments over time.




  3. No Foreign Transaction Fees: The Triangle Mastercard does not charge foreign transaction fees, making it a budget-friendly option for international travel or online shopping in foreign currencies.




  4. Roadside Assistance: The card also includes membership in the Canadian Tire Roadside Assistance program, providing added peace of mind when driving in Canada and the United States.





Drawbacks






  1. Limited Redemption Options: CTM earned with the Triangle Mastercard can only be redeemed at Canadian Tire stores and through the Triangle Rewards program. This limits the flexibility of cash back rewards compared to cards that allow for direct cash back or redemption through other retailers.




  2. Lower Reward Rates for Other Categories: While the 4% back in CTM on Canadian Tire purchases is attractive, the 0.5% cash back rate on other spending categories may be less appealing to users with diverse spending habits than alternative rewards cards with higher rates in these categories.





Additional information





It’s also worth mentioning that the Triangle Mastercard provides purchase assurance, extended warranty benefits, and car rental collision/loss damage waiver benefits. These additional features add value for cardholders while enhancing the overall card experience.





In summary, the Triangle Mastercard is an excellent option for those who frequently shop at Canadian Tire, Sport Chek, and participating Mark’s stores. The no annual fee and no foreign transaction fees make the card a cost-effective choice, while the additional perks and financing options further contribute to its appeal.





However, potential cardholders should consider whether the limited redemption options and lower cash back rates on non-Canadian Tire purchases will suit their needs before applying for this card.





Not the right fit? You could consider the Stack Prepaid Mastercard. Or, if you’re looking for other options check out the Mogo Visa Platinum Prepaid Card, and the Amazon.ca Rewards Mastercard.





FAQ







With the Triangle Mastercard, you can redeem your points for numerous items and experiences. The primary categories include:






  • Canadian Tire Money: Redeem your points for Canadian Tire Money, which can be used in Canadian Tire, SportChek, Atmosphere, and participating Mark’s/L’Équipeur, and Party City stores across Canada.




  • Gas: Use your points to pay for gas at Canadian Tire Gas+ locations, including snacks and car washes.




  • Travel Rewards: Save on flights, hotels, and vacation packages, or even redeem your points for gift cards from a wide variety of retailers and restaurants in the Triangle Rewards program.




  • Maintenance and Services: Take care of your vehicle by redeeming your points to pay for automotive services like oil changes, tire installations, repairs, and more at Canadian Tire and PartSource locations.




  • Financing Purchases: Save money by using your points to make payments on qualifying purchases from participating retailers, like the Canadian Tire Bank Equal Payments Plan, No-Interest Financing, or Pay-in-Installments promotions.




  • Experiences: Redeem your points for unique experiences such as workshops, classes, and events that interest you.





Remember that the redemption options and value may vary across different merchants and promotions. It is always a good idea to review the Triangle Rewards program’s terms and conditions to know the latest options and exclusions.







The Triangle Mastercard does not charge any foreign transaction fees. This means that when cardholders make purchases while travelling outside of Canada or with international merchants, no additional fees will be assessed on top of the standard exchange rate.





This saves cardholders money compared to other credit cards that might charge a foreign transaction fee, typically around 2.5%-3% of the purchase amount.







The Triangle Mastercard credit card does not have a minimum income requirement. This makes it accessible to a wider range of applicants, as there are no strict income requirements to be met in order to be eligible for this card.







Key benefits






  • Zero yearly membership cost




  • Accumulate Canadian Tire currency with each transaction




  • Save 5¢/liter on fuel at eligible stations




  • Generous 4% cashback at Canadian Tire, Sport Chek, and more




  • 1.5% cashback for groceries, some exclusions apply




  • Full protection from unauthorized expenditures




  • Customizable in-store payment plans available




  • Convenient digital account maintenance




  • Absent travel rewards and insurance perks




  • Modest cashback for non-Canadian-Tire spending




  • Foreign purchase surcharge of 2.5%




  • Grocery cashback restrictions, excluding Walmart and Costco




  • Potential elevated financing plan interest rates




  • Acceptance restrictions compared to Visa, Mastercard



Related Articles

Related posts will be displayed here in the next update.