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Canadian Tire review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Canadian Tire's credit card suits Canadian shoppers who clear their balance and spend at partner stores, with an annual fee of CAD 0. Rewards of 4% in CT Money at partner stores add value, while the cost of carried balances and foreign purchases is where it falls short.

Key facts

Best for
A free annual fee credit card for Canadian shoppers who pay in full and shop at Canadian Tire stores.
Annual fee
CA$0↗
APR
21.99%↗
Currency conversion fee
2.5%↗
Rewards type
Cashback↗
Rewards rate
4% in CT Money at partner stores↗
Card kind
Credit↗
Legal entity
Canadian Tire Corporation, Limited↗
Headquarters
Canada↗
Founded
1922↗
Support channels
Phone↗
Pricing model
No annual fee
Features
Rewards
Official website
canadiantire.ca

Facts checked September 26, 2026, 4 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Rewards of 4% in CT Money at partner stores on partner store spending, the main reason to hold the card.
  • An annual fee of CAD 0 on a credit card, so keeping it in the wallet costs nothing.
  • bunq, Varo Believe Secured Credit Card and Wise also show annual fees of €0, $0 and £0, so the fee alone does not decide it.

Cons

  • An APR of 21.99% makes a carried balance expensive, so the card only works for people who pay in full.
  • A currency conversion fee of 2.5% applies to foreign purchases, so the card is costly abroad.
  • Support runs on phone only, with no listed email or chat route.
Canadian Tire

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Scored 9.0 / 10 by SumCue.

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Who it suits

  • Canadian shoppers who clear their balance every month and spend at Canadian Tire partner stores.
  • Anyone wanting a credit card with an annual fee of CAD 0 and store cashback rather than travel perks.
  • People who rarely buy abroad, since the conversion fee of 2.5% only matters on foreign purchases.

Who should look elsewhere

  • Wise, for spending across several currencies, because a conversion fee of 2.5% applies to foreign purchases.
  • bunq, whose annual fee of €0 is in euro and belongs with a bank account rather than a store rewards card.
  • Varo Believe Secured Credit Card, for building credit with a secured card rather than earning 4% in CT Money at partner stores at partner stores.

Fees and FX

This credit card charges an annual fee of CAD 0, so nothing is owed for holding it. A balance left on the statement is charged at an APR of 21.99%, and any purchase converted into another currency adds 2.5%. In practice the running cost is the interest, not the yearly charge, and the FX line is what costs extra abroad.

How it compares on our data

On annual fee, Canadian Tire sits at 1 of 312 brands compared, which is the strongest of these measures. On APR it ranks 79 of 138, and on the currency conversion fee 130 of 186, so the cheap fee does not carry the rest of the cost picture.

How Canadian Tire compares

Where Canadian Tire is available

Available
Canada

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there an annual fee on this credit card?+

The annual fee is CAD 0 and the product is listed as no annual fee. The card is a credit card, so the yearly charge is nil but interest still applies to any balance carried from a statement to the next.

What rate do I pay on a carried balance?+

The purchase APR is 21.99%, which is high for a card whose annual fee is CAD 0. Interest only applies once a balance is carried, so clearing the statement in full is what keeps this card cheap to hold.

What does it cost to use the card abroad?+

A currency conversion fee of 2.5% applies to foreign purchases, on top of the exchange rate you are given. Anyone spending across several currencies may prefer a multi-currency card such as Wise, whose annual fee is £0.

What do I earn for spending?+

The rewards rate is 4% in CT Money at partner stores and the reward type is cashback. The reward is tied to partner stores, so the card pays most for shoppers who already spend there and offers little extra for purchases made elsewhere.

Is it a debit or a credit card?+

It is a credit card from Canadian Tire Corporation, Limited, so a statement balance builds up and is repaid each cycle. Account questions go through support on phone, which is the only channel listed for the card.

Who issues the card?+

The issuer is Canadian Tire Corporation, Limited, founded in 1922 and headquartered in Canada. It is a retailer rather than a bank, and the card is aimed at shoppers of its own stores.

How does it rank on cost?+

On annual fee, Canadian Tire sits at 1 of 312 brands compared. On APR it is 79 of 138, and on the currency conversion fee 130 of 186, so the fee is the strong part.

How do I get help with the account?+

Support runs on phone. No email or chat route is listed, so a statement question, a reward query or a fee question all mean a phone call rather than a written answer.

Sources

Compiled from 4 source pages, checked September 26, 2026. We did not open an account.

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