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Paying tax, utility, and insurance bills with Canadian Tire credit cards
September 1, 2021
8:10 pm
maxb
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Has anyone tried to do a University Payment, namely Mcmaster.
Just wondering if there is the "University CC fee". From what some people are saying, it probably should work with no charge.

September 2, 2021
2:39 am
Loonie
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It looks like there is a fee of 2.25% charged by the issuer, presumably the CC.
https://registrar.mcmaster.ca/payment-methods/

I had never heard of this fee before. Why on earth are students being targeted this way?

September 2, 2021
3:26 am
HermanH
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Different institutions may have different policies, but I remember paying my University fees with Visa, for the Aeroplan points, years ago. There was no service surcharge. However, things may have changed.

Years before, Visa did not allow merchants to charge fees for the use of their card. Their policy was, 'if merchants want to accept our card, merchants must eat the cost of the transaction.' Years later, I have been told that they are changing this policy and allowing merchants to legitimately levy additional fees for use of their card.

Under the old policy, merchants could still get around it by offering one price (inclusive of the card service charge,) but allow a 'cash discount' (equal to the credit card charge).

September 2, 2021
4:54 am
savemoresaveoften
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maxb said
Has anyone tried to do a University Payment, namely Mcmaster.
Just wondering if there is the "University CC fee". From what some people are saying, it probably should work with no charge.  

you set it up just like a utility payment. This way its sent as a payment to the university, not a CC charge. I am able to select mcmaster with the student ID being the account number and it goes thru.

September 2, 2021
6:54 am
Loonie
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Would this workaround work with any CC, or just with Cd Tire?

September 2, 2021
7:49 am
savemoresaveoften
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Loonie said
Would this workaround work with any CC, or just with Cd Tire?  

Only CT offer this service. It shows up as part of ur CC balance, and what they do is they remit the funds on your behalf as if its a reg payment (non CC charge). Works like a charm for utilities, universities and some insurance companies which does not take CC in general. In return u earn upto 1% in CT money.

September 2, 2021
10:19 am
Loonie
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Yes, that's what I suspected. I just wanted to clarify as I don't think CT had been named on this thread yet.

I didn't know they included university tuition though. Howver, I'm long past that!

September 9, 2021
7:18 am
Pacino
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September 9, 2021
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Hello Guys, appreciate for this useful information.

Right now i am trying to apply the Canadian Tire master card, however I saw there are 3 different version of the card.

Triangle Mastercard
Triangle World Mastercard
Triangle World Elite Mastercard

So which one should we choose in-order to pay our property tax and utility bills?

Thank you in advance!

September 9, 2021
9:12 am
smayer97
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All offer this service. The difference is earn rate... World = 1%, and IIRC non-World = 0.5%.

The other differences have to do first with qualification and other benefits.

September 9, 2021
9:30 am
Norman1
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One won't be able to choose the Triangle World Mastercard:

The Triangle™ World Mastercard® is currently available by invite-only.

September 9, 2021
11:23 am
Bobbyjet11
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smayer97 said
To get to list of payees:
Once logged in,
1. click Payments at the top
2. On left, under Pay Bills click Manage Payees, then click Add Payee
3. CDN Tire will send to your registered email Security Verification code to be able to proceed
4. Once code entered, you can search for your payees.

Tip: add as many as possible in one go to avoid additional security verifications. Otherwise each time you start the process to "Add Payee"(step 2) you will need to be verified again.

This is NOT setting up and there is no way to set up pre-authorized payments that auto-adjust. You enter the amount you want paid. That is why I create my own equal billing payments.... really easy to do for cyclical bills, eg. utilities....
1. Figure out the average of bills for a 12 month period.
2. figure out which month the bills fall below that average.
3. start paying the average amount from that month forward for the next 12 months (this will create a buffer/credit to hopefully cover the higher cost months)
4. set a reminder to check the bill on the 12th month and recalculate your average for the next 12 months based on the last 12 months.
5. You may want to make your monthly payments a little higher to create a larger buffer for the 12th month.

Note that you can schedule a payment up to 2 years in advance.

For property taxes, it is a little trickier for Toronto because they require 2 cycles of 3 monthly payments that are almost but not quite equal. But I just set reminders to adjust these once a year for each 3 month cycle (so 2 reminders per year) AND I set the amount to equal amounts based on the highest amount... the extra few cents get registered as a credit on the tax account.

CT allows setting up pre-authorized payment of your full balance of your credit card.  

Thank-you, this is awesome. I am now set up to pay my Hydro One bill and my House tax via credit card, that I thought was unavailble.

September 9, 2021
12:40 pm
smayer97
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@Bobbyjet11 +1

September 9, 2021
7:42 pm
Pacino
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September 9, 2021
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thank you @smayer97 @Norman1 for the clarification.

September 9, 2021
11:10 pm
smayer97
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@Pacino +1 🙂

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