Credit Card Reviews

Canadian Tire Options MASTERCARD Consumer Reviews

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(72 reviews)
Canadian Tire Options MASTERCARD
2.1 out of 5 stars:
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25.9% interest will murder me

by Desperate on Sep 26, 2021
1 out of 5 stars

25.9% interest is piracy, I would like to negotiate a better rate to help me pay off the balance. I didn't buy toys, I staved off homelessness while working full time this entire pandemic. I would appreciate at least the opportunity to seriously discuss a lowering of my rate to ensure I can pay you off in the most expedient manner. Let's talk.

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Sketchy company

by CD on Oct 7, 2020
1 out of 5 stars

Usually rude on the phone, high interest rates, don't work with you to get a lower interest rate when you have a zero balance. Do not get entrap with this card because you'll never be able to pay it down if you lose your job due to the high interest and penalties. If you going to get a MC or Visa go to the bank, not through stores. Say for example your bill says you owe 100.00 monthly payment and you put an 800.00 onto it. They will take off the 100.00 payment and 3-4 days later take another 50.00. I feel they are commenting on fraud.

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This is for April 2020

by krinklez on May 9, 2020
4 out of 5 stars

One and a half years ago my husband lost a job. He called Canadian Tire and they turned off the card for six months to stop interest from accumulating and we were able to pay just about the whole card off and then our card was turned back on and then we paid off in full. They were very helpful to us.

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Scotiabank® Gold American Express® Card

Scotiabank® Gold American Express® Card

Earn up to 40,000 bonus Scotia Rewards points in your first year (that's up to $400 towards travel). What else will you get:

 

  • Earn 5 Scotia Rewards points for every $1 you spend at eligible grocery stores, dining and entertainment
  • Earn 3 Scotia Rewards points for every $1 you spend at eligible gas stations, daily transit, and select streaming services
  • Earn 1 point for every $1 you spend on all other eligible everyday purchases
  • Complimentary Concierge Services 24/7
  • Comprehensive Travel Insurance coverage with 25 days of travel medical insurance for eligible persons under age 65

Get this card / Apply online

Just say no to a CDN Tire MC

by Vinnny on Apr 10, 2020
2 out of 5 stars

I currently was on hold waiting for a representative for over 45 mins. I finally got a hold of someone and expressed that I have recently lost my job and can’t make my minimum is there anything they can assist with? Lower interest rate, etc? She didn’t even look at my file for more than a minute and told me no. I feel if you want to have a credit card company that cares in a crisis switch to another one!

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Rates During COVID-19

by Kevin on Apr 7, 2020
1 out of 5 stars

I just got off the phone with the Canadian Tire option credit card. During this time where everyone is looking for how to help our fellow Canadians, Canadian tire just looks that keep gouging it’s clients. Even the big banks have slashed their rates by half, Canadian tire isn’t very Canadian at this time. In the future I recommend people look at companies that are helping Canadians not pushing Canadians farther in debt to line their own pockets! Get with the program Canadian tire, be better, and support your fellow Canadians in this these hard times, you’ll get your chance to make millions after it’s all done

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Not worth it

by Charlie on Dec 20, 2019
1 out of 5 stars

I cancelled my card after a couple of months. Interest rates are uncompetitive, customer service is lousy, merchandise is limited (no groceries) and their gas stations are few and far between.

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Scotia Momentum VISA Infinite Card

Scotia Momentum VISA Infinite Card

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350. What else will you get:

 

  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • 1% cash back on all other eligible everyday purchases
  • Complimentary Concierge Services 24/7 Visa Infinite Dining Series Visa Infinite Music Series Wine Country Wonders Luxury Hotel Privileges
  • Comprehensive Travel Insurance & New Mobile Device Insurance coverage

Get this card / Apply online

Avoid this card like a plague

by FamilyGuy41 on Apr 2, 2019
1.5 out of 5 stars

Where do I begin? I started with $500.00 credit limit and had a $20,000 6-7 years later. The interest will kill you from ever being able to pay it off. When I signed up, it was at 10% interest, they increased it. No warning at all till it hit 24% to 25% - that's where they get you on big purchases. Fortunately, I paid off my card. Then they start increasing your limit without your permission again. I got mine decreased and asked if I could get a lower interest rate as my card was paid off. They wouldn't decrease my interest rate because I lowered the credit limit on my card or else they would have. So I cancelled and went with Visa.

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They Lost Me Too

by Steve on Nov 9, 2018
1 out of 5 stars

I got my first CT card in the 1980s. I didn't use it much because of their high interest rate. It never dropped in the 1990s, when they switched to MC. I used it, but have not been a fan of the interest rates credit card companies charge. They have an automated email answering system, so it's pointless to use. That's one way CTC avoids having to deal directly with customers. Get on the phone with them if you have problems. I switched to VISA about 20 yrs ago because their interest rate is half of what CTMC charges. CTC used to be a good company, but they import more junk than before, and their prices have risen to the point where it is better to shop at Princess Auto or Walmart for many items. Add their exorbitant interest rate, and it's a no-brainer: Dump CTC!

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lost me after 22years

by fed-up on Oct 18, 2018
1 out of 5 stars

I have been a C/T MC user for over 22 years and never had a complaint. Then out of nowhere, they closed my acc. and stopped my automatic payments to my insurance for my car and house, costing me 75$ for each acc. When I contacted them they said that they had sent me new cards as they are re-branding and I had not activated them, so they closed my acc. I pay my bill every month and my card was good to 2020. Never received cards to this day. Can't trust them now! What would I have done if I had gotten in an accident or my house had burnt down and my insurance wouldn't pay because they [ C/T MC ] stopped my payments? So Long and Good Riddance !!!

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Scotia Momentum Visa Infinite Card

Scotia Momentum Visa Infinite Card

Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350. 

Get this card / Apply online

Stay away

by Shom on Sep 27, 2018
1 out of 5 stars

You walk in the Canadian Tire store. You see everyone at special booth playing with a screen. You wait in line to find out what's the big deal, then wait, you participate in silly saving vouchers, better see a promotion on flyers. But by this time, they have you convinced, devoted, committed in their game that you save more if you apply for Canadian Tire MasterCard. Given the highest interest rate, you buy your new toys, later see the bill and regret it. You do the math, you realize you should have used another credit card. So like many others, your put focus HOW DO I PAY OFF CANADIAN TIRE MASTERCARD FIRST? And if you are one of those who took disability plan with their credit card, all the best of luck.

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