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Canadian Tire Bank is at the top of the chart?
August 17, 2020
6:38 pm
savemoresaveoften
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Loonie said

You're welcome to your 365day CC, but there are tons of those out there and I choose the ones that give cashback and don't require me to shop at their store. I rarely shop at CT anyway, maybe twice a year, and don't spend much when I do go.

The only reason this issue came to my attention is because my mother has a CT card with about $500 points credit that she can't use now that she's living in a retirement home, and there is nothing we can do with them.   

Not advocating using the CT CC daily cuz I don’t. It’s only used when I pay utility bills, or at CT / Sport Chek etc where the cash rebate is better than other CC. I have the WE which includes roadside assistance, and the card has no AF. That’s hard to beat.

CT sells household items like tissue paper, dishwashing detergents, among other things. May not be the best price and no clue if retirement home supplies those items. But those are the things ur mother can redeem her CT pts for.

Bottom line it is not the best CC but it does have its value and not as bad as one thinks.

August 17, 2020
8:11 pm
Loonie
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They all have their strengths - or at least most of them do.

Unfortunately, mum is in her 100th year and could never use up $500 on what they sell at CT. It would be quite difficult for her to use up even $50. And it's very difficult to get her out to a store she's no longer interested in. C'est la vie!

August 17, 2020
9:23 pm
Norman1
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Are you sure she would not be able to find something of interest at Canadian Tire to spend the $500 of Canadian Tire money on?

Some small appliance for gift giving. Perhaps an assistive device:

August 18, 2020
3:25 am
3oakwest
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I agree with savemore. It also has 3% at grocery stores, as well as 4 percent at the stores it ownes, such as Mark's, Sport Check, and a great 5 cents per litre at their gas stations and at Husky.
It's not the "be all" but for me it's the best from what's available at this time. Of course, it will not be the best for all!

August 18, 2020
7:46 am
savemoresaveoften
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or just buy household appliances like mini oven, airfryer, coffee pot etc etc as gifts for christmas etc. Or even a lawn mover !!
There must be a way for her to use it up and not a mission impossible.

August 18, 2020
3:11 pm
Loonie
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Thanks for trying to help. I'm not being difficult, but, honestly, she has no use for these items, for various reasons.
She hasn't given gifts for years. I am her only relative and the one friend she used to send things to has died.

She has all the assistive devices she needs and doesn't pay for them anyway as she has excellent insurance. She was recently given a new walker, wheelchair and commode. She doesn't even want the commode and I haven't told her about the wheelchair yet (It was delivered to my house) as she will probably say she doesn't need it (not true!).
Arthritis, not to mention covid, makes it difficult to get her out to stores, and there are other destinations that are more pressing priorities.

What she needs is a cashback conversion. Even a CT gift card would do as then I could use it up eventually perhaps, but they refuse to convert it to a gift card.

I tried to tell her a few years back that she should switch to another card as I could see it was unlikely she would ever use up these points, but she was sucked in by the return on grocery shopping without realizing she would never see it.

August 18, 2020
3:50 pm
Vatox
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Doug said

Yeah, it won't last. When it, and MAXA Financial, drops, it'll drop hard (by at least 30 bps, by my own logical supposition and reasonable speculation). It, MAXA Financial, and Bridgewater Bank tend to be laggards, or trailing indicators, in the HISA rate race chase. 😉

Cheers,
Doug  

And those GIC rates are a definite indicator of that future. I love that one year rate!sf-frown

August 18, 2020
5:30 pm
Patch002
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Loonie said
Thanks for trying to help. I'm not being difficult, but, honestly, she has no use for these items, for various reasons.
She hasn't given gifts for years. I am her only relative and the one friend she used to send things to has died.

She has all the assistive devices she needs and doesn't pay for them anyway as she has excellent insurance. She was recently given a new walker, wheelchair and commode. She doesn't even want the commode and I haven't told her about the wheelchair yet (It was delivered to my house) as she will probably say she doesn't need it (not true!).
Arthritis, not to mention covid, makes it difficult to get her out to stores, and there are other destinations that are more pressing priorities.

What she needs is a cashback conversion. Even a CT gift card would do as then I could use it up eventually perhaps, but they refuse to convert it to a gift card.

I tried to tell her a few years back that she should switch to another card as I could see it was unlikely she would ever use up these points, but she was sucked in by the return on grocery shopping without realizing she would never see it.  

May I suggest buying and gifting a:
TV (this is what I'm saving up for)
Dehumidifier
Tires (this is option #2)
Mini fridge
vacuum cleaner

August 18, 2020
10:03 pm
Loonie
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The only person appropriate for her to give gifts to would be me, and I don't need any of these things in the models CT sells.
We will need new tires next summer. Perhaps, if she is still living and able to get out, we can find some there but I will not compromise on the quality I want.
About five years ago she got a very small freezer with her points.

August 18, 2020
11:03 pm
Vatox
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You can get a set of 4 Michelin tires under $500. Buy them now. Why wait until your mum may be gone? It’s free, unless they restrict what you can spend the money on.

August 19, 2020
4:55 am
Loonie
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I wouldn't buy them in advance. Tires are good for five years, according to the mechanic, regardless of usage, so they would have lost one year already by next summer. And it would be a nuisance to try tp find a suitable place to store yet another set of tires - although would only need to do so until November as the current summer tires will be discarded then.
I just can't bring myself to waste a year's usage intentionally.
I will be looking for year-round tires with snow designation next time. We don't drive enough to justify two sets and aren't obligated to drive in very bad weather. The last time I considered these, best quality selection was very limited. I will have to research it again when the time comes.

I think the car might be needing a new battery next year too, so that is another option.

However, I don't trust their shop. I"d have to haul these things elsewhere for installation.

When I have time, I'll see if there is anything else they sell that we can use. I normally only buy small things like a package of batteries there. We only buy small appliances when one dies, which is rarely. Generally, I find their prices high, and their selection never seems to include the models we want of anything I want. I went looking for an electric kettle yesterday, as that is something she could use, but they don't have any models that would be suitable for her. Not my favourite store!

Does anyone know if you can use points to purchase items for delivery? If so, the problem of bringing mum to store could be avoided.

August 19, 2020
5:15 am
krwilson
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You can redeem your Canadian Tire Money for purchases in stores or online at: Canadian Tire, Sport Chek, and. Participating Mark's and Atmosphere stores.Jul 2, 2020

Above is according to Google....I have never tried it.

August 19, 2020
7:49 am
savemoresaveoften
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krwilson said
You can redeem your Canadian Tire Money for purchases in stores or online at: Canadian Tire, Sport Chek, and. Participating Mark's and Atmosphere stores.Jul 2, 2020

Above is according to Google....I have never tried it.  

I did an online purchase 2 months ago and there was no options to redeem CT money balance, only way to do it was in stores.

Since your quote is after my purchase last time, may be they finally have that capability, which is something they should have in the first place.

August 19, 2020
8:20 am
Loonie
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Their website does not exactly specify, but it stresses credit cards and debit as the only acceptable means, and says you can't use gift cards or "store credit".
So I think that is not an option.
As I said up-thread, I think their goal with redemptions is to get you into the store where they expect you will spend more money. This is not very functional these days.

So the only alternative is to make this very elderly person leave her retirement home, with her walker and painful joints, and take her chances with the customers and staff who circulate at the stores.
I think we may just take a pass and let these points go. It's not worth the risk, especially if it's going to take multiple trips to use them up.

I have the impression that nowadays most people prefer cashback cards, and this will likely be even more pronounced due to covid as travel is less attractive.
So, if you have Cdn Tire points, use 'em up; don't save 'em up.

August 19, 2020
2:32 pm
Norman1
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Doesn't look like one can redeem electronic Canadian Tire money online. sf-frown

Their redemption FAQ seems to make a distinction between their stores and their "online properties":

What stores can customers collect and redeem electronic Canadian Tire Money® as a Triangle Rewards™ member?

Customers can collect Canadian Tire Money at Canadian Tire, Sport Chek, Gas+/Essence+ locations and participating Mark’s/L’Équipeur, Atmosphere stores. Customers can redeem at Canadian Tire, Sport Chek and participating Mark's/L'Equipeur and Atmosphere stores. Click here for a list of participating Mark’s/L’Equipeur and Atmosphere locations.

Can Triangle Rewards™ members collect electronic Canadian Tire Money® on online purchases at marks.com, SportChek.ca or atmosphere.ca?

Yes, electronic Canadian Tire Money can be collected on all qualifying online purchases at CanadianTire.ca, Marks.com, SportChek.ca & Atmosphere.ca. Redemption of Canadian Tire Money is not available through the online properties.

August 19, 2020
3:00 pm
Loonie
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I think that retailers are going to have to become more agile at accepting online reward redemptions as online shopping continues to heat up.

There is now serious talk of further covid and flu outbreaks which are expected to be worse than the first in the cooler weather. A lot of customers like to save up their points for Christmas shopping and won't be too happy if they can't do it and have to spend their own money.

August 19, 2020
5:13 pm
savemoresaveoften
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Loonie said
I think that retailers are going to have to become more agile at accepting online reward redemptions as online shopping continues to heat up.

There is now serious talk of further covid and flu outbreaks which are expected to be worse than the first in the cooler weather. A lot of customers like to save up their points for Christmas shopping and won't be too happy if they can't do it and have to spend their own money.  

but that is exactly what the store wants. You spend real money on purchases and NOT the CT money. CT money is a liability and they are ok with it being a liability.

August 19, 2020
7:19 pm
Loonie
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The question now is whether people will go to the store or prefer to order online. If they don't go in, the strategy fails.
If people want to shop online, they will be more likely to go where they can redeem or where prices are better. CT offers neither.

August 20, 2020
3:26 am
3oakwest
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I made an online purchase at Mark's and paid for it with my Canadian Tire points.

No problem at all.

August 20, 2020
4:18 am
Loonie
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3oakwest said
I made an online purchase at Mark's and paid for it with my Canadian Tire points.

No problem at all.  

That would be in contradiction to their current policy as found by Norman1, above #35.

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