We mentioned a few weeks back that Canadian Tire had started to roll out a digital system for Canadian Tire money, starting with Nova Scotia. Tomorrow, the program rolls out to all provinces.
While you can still collect paper Canadian Tire money if you pay by cash or debit, the My Canadian Tire Money program has some great advantages
- Collect e-Canadian Tire ‘Money’ on automotive services.
- Personalized offers sent right to your Canadian Tire App and online account.
- Collect 10X e-Canadian Tire ‘Money’ every day when you pay with a Canadian Tire Options MasterCard at Canadian Tire stores.
- Collect e-Canadian Tire ‘Money’ at participating Canadian Tire gas bar locations.
- Collect e-Canadian Tire ‘Money’ when using other credit cards, not just cash, debit and Canadian Tire branded credit cards at Canadian Tire stores.
- Easier returns with no paper receipt.
Plus the money never expires and is much harder to lose than the paper money. I love that I can now use my regular credit card and earn Canadian Tire money and points on my credit card too.
You don’t need to have a smartphone either, you can sign up online with a physical card that you pick up in-store starting tomorrow.
I wish I could figure it out. I bought an item in store for $175 and got $.69 e-money. Them spent $40 on gas and got $1.00, does this make sense to anyone?
They often have bonus offers on gas
Yes, the markup percentage of fuel is much less than store items, if you notice most of CT items go on sale for as much as 70% off.
As I understand the new “system,” CT reduced the familiar one point for each dollar spent to 0.6 points for each dollar spent. That means that CT has reduced their bonus by 40% on the dollar, so, if the CT customer thinks that they are getting $10.0 in points for every $1000.00 spent, they are mistaken. They are actually getting $6.00. In today’s promotion, where the customer gets 30X the points, if they use the CT M/C and “Money” card, the customer may think that he/she is getting 30 cents on the dollar,which is an impressive 30% off on all CT purchases. In fact, the customer is getting 18% off which is not bad, but, not the impressive 30% which is believed.
If you notice your receipt, it no longer tells you how many points you get with your purchase. I assume there is a strategy for dropping the number of points from the receipt, as, anyone can figure that they are not getting a 1:1 ratio (1 point for 1 dollar).
I have been a CT customer for a lot of years and have spent a lot of money there, but, frankly, I am disappointed in CT for not being open about their change.
I don’t have the credit card to know if that offers a different percentage but it has been 0.5% for a while now if you pay cash