Canadian Tire Cash Advantage Mastercard
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The Cash Advantage Mastercard from Canadian Tire offers up to 3% cash back at Canadian Tire stores and up to 1.5% cash back on other eligible purchases. This card has no annual fee, making it a great option for those looking to earn cash back on everyday spending without additional costs.
Welcome Offer
No specific welcome offer is mentioned for this card.
Summary
- Annual Fee: None
- Purchase Rate: 19.99%
- Cash Advance Rate: 22.99%
Rewards
- Up to 3% cash back at Canadian Tire stores, gas bars, and Mark’s
- Up to 1.5% cash back on other eligible purchases
Benefits
- No annual fee
- Automatic cash back applied yearly
- Contactless payments with Tap & Go technology
- Online account management with eStatements
Insurance
- Purchase security and extended warranty coverage
Editor’s Review
Cash Advantage Mastercard Review
The Cash Advantage Mastercard from Canadian Tire offers a simple and rewarding cashback program, perfect for frequent shoppers at Canadian Tire and associated stores. With no annual fee, this card provides up to 3% cashback on Canadian Tire purchases and up to 1.5% on other eligible purchases.
Key Features and Benefits
- Interest Rates:
- Purchase Rate: 19.99%
- Cash Advances: 22.99%
- Rewards Program:
- Up to 3% cashback at Canadian Tire, Canadian Tire Gas+, and Mark’s
- Up to 1.5% cashback on other eligible purchases
- Fees:
- Annual Fee: None
- Benefits:
- No annual fee
- Automatic annual cashback
- Special financing options for in-store purchases over $150
- Security Features:
- Tap & Go® technology for quick payments
- Visa Zero Liability Policy
Pros and Cons
Pros:
- No annual fee
- Generous cashback on Canadian Tire purchases
- Automatic cashback application
Cons:
- Limited to higher cashback at specific stores
- Higher interest rates compared to some competitors
Who is this card for?
This card is ideal for loyal Canadian Tire customers who want to maximize cashback on their purchases at Canadian Tire stores, gas bars, and Mark’s. It’s suitable for those who prefer a no-annual-fee card with straightforward cashback rewards.
Comparison Table
| Feature | Cash Advantage Mastercard | CIBC Select Visa Card | Scotia Momentum Visa Infinite Card |
|---|---|---|---|
| Annual Fee | None | $29 (first year waived) | $120 |
| Purchase APR | 19.99% | 13.99% | 20.99% |
| Balance Transfer Rate | 22.99% | 0% for 10 months (1% fee) | 3.99% for 9 months (1% fee) |
| Cashback | Up to 3% at Canadian Tire, 1.5% others | N/A | 4% on groceries, recurring bills; 2% on gas, daily transit; 1% others |
| Purchase Protection | Yes | No | Yes |
| Extended Warranty | Yes | No | Yes |
| Travel Insurance | No | Common Carrier Accident Insurance | Yes |
| Minimum Income Requirement | None | $15,000 household | $60,000 (personal) or $100,000 (household) |
Final Verdict
The Cash Advantage Mastercard scores an 8.3/10. It stands out with its no annual fee and attractive cashback rates for frequent Canadian Tire shoppers. The automatic cashback feature and easy in-store financing options add to its convenience. However, higher interest rates and limited higher cashback rewards to specific stores might be a downside for some users. Overall, it’s an excellent choice for Canadian Tire loyalists and those looking for straightforward cashback without an annual fee.
Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute professional and/or financial advice.
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