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Canadian Tire review

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

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Our verdict

Canadian Tire's credit card charges an annual fee of CAD 0 and pays cashback of 4% in CT Money at partner stores, which suits households already shopping at partner stores. The trade-off is an interest rate of 21.99% on a revolving balance and a currency conversion fee of 2.5% on spending abroad.

Key facts

Best for
Store spending with no annual fee and cashback at partner outlets.
Annual fee
CA$0 (Source, checked September 26, 2026)
APR
21.99% (Source, checked September 26, 2026)
Currency conversion fee
2.5% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
4% in CT Money at partner stores (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Canadian Tire Corporation, Limited (Source, checked September 26, 2026)
Headquarters
Canada (Source, checked September 26, 2026)
Founded
1922 (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Official website
canadiantire.ca

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Annual fee of CAD 0, so there is no charge for holding the card.
  • Cashback of 4% in CT Money at partner stores, and the rewards type is cashback rather than points.
  • Issued by Canadian Tire Corporation, Limited, a Canadian retailer founded in 1922.

Cons

  • An interest rate of 21.99% on a revolving balance is the main cost of this card.
  • A currency conversion fee of 2.5% applies to purchases made in another currency.
  • Cashback of 4% in CT Money at partner stores is tied to partner stores, so spending elsewhere does not earn the same rate.
Canadian Tire

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Who it suits

  • Shoppers who spend regularly at Canadian Tire partner stores and want money back.
  • Anyone who clears the balance each period, since the annual fee is CAD 0.
  • Canadian residents whose spending is mostly in Canadian dollars.

Who should look elsewhere

  • Anyone who expects to carry a revolving balance, because the interest rate of 21.99% outweighs the annual fee of CAD 0.
  • People after a secured card to build a credit record, since Varo Believe Secured Credit Card is secured and has an annual fee of $0.
  • Anyone spending mostly outside Canada, since foreign purchases add a currency conversion fee of 2.5% and Bitpanda, with an annual fee of €0, is worth a look instead.

Fees and FX

Canadian Tire's credit card charges an annual fee of CAD 0, so holding the account is the cheap part. Money leaves in two other places. Revolving a balance costs an interest rate of 21.99%, which is high for a store rewards card. Spending outside Canada adds a currency conversion fee of 2.5% on each purchase in another currency.

How Canadian Tire compares

Where Canadian Tire is available

Available
Canada

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

Frequently asked questions

Does Canadian Tire's credit card charge an annual fee?+

The annual fee is CAD 0, so keeping the account open costs nothing in fees. Money still leaves through interest and currency conversion. Anyone budgeting month to month should clear the balance each period and keep foreign spending low.

What interest rate applies if I carry a balance?+

The APR is 21.99%, and this is a credit card, so unpaid balances accrue interest at that rate. The cashback only makes sense on spending you would have made anyway. Paying the balance in full each period leaves the annual fee of CAD 0 as the only cost.

How much cashback does the card earn?+

The rewards rate is 4% in CT Money at partner stores. The rewards type is cashback, so the reward is money rather than points waiting to be exchanged. The rate applies at partner stores, which is the part to weigh before applying.

What does spending in another country cost?+

Each purchase in a foreign currency carries a currency conversion fee of 2.5%, added on top of the annual fee of CAD 0. Paying in Canadian dollars avoids it, so a short trip abroad can cost more in fees than the cashback returns.

Who issues the card and where is it based?+

The card comes from Canadian Tire Corporation, Limited, a company based in Canada and founded in 1922. That sits alongside an annual fee of CAD 0 for anyone weighing a long running store rewards card.

Is this a debit or a credit card?+

It is a credit card, so it runs on a statement and a payment date rather than drawing straight from a bank account. That means an interest rate of 21.99% can apply to a revolving balance. It suits people comfortable paying off a card each period.

How does it compare with secured cards from Varo or Chime?+

Both alternatives charge an annual fee of $0 and $0, so fees alone do not separate them. The difference is purpose: a secured card is aimed at building a record, this one at cashback at partner stores.

Sources

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Canadian Tire

Canadian Tire

Store spending with no annual fee and cashback at partner outlets.

9.4/10See alternatives