Canadian Tire Financial Services
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Canadian Tire Financial Services (CTFS) is a financial services institution, operating under Canadian TireCorporation, Limited. Canadian Tire is among the biggest publicly traded companies in Canada. In 2008, CTFS was mentioned by Mediacorp Canada Inc. as ‘Canada’s Top 100 Employers’ in Maclean’s Magazine.[br]
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Canadian Tire Financial Services: History
Canadian Tire Financial Services was established in 1961 as Midland Shoppers Credit Limited to help local retailers by offering them third-party credit processing.
Canadian Tire Financial Services Limited owns the credit of being the first non-deposit taking financial services organization to offer MasterCard credit cards in 1995. Later on, Canadian Tire Bank was incorporated in 2003, which also handles all credit card portfolios of CTFS.
Canadian Tire Financial Services: MasterCard Options
Canadian Tire Financial Services offers the following MasterCard credit cards:
Options MasterCard: Issued by Canadian Tire Bank, this MasterCard earns Canadian Tire ‘Money’ On The Card awards on purchases across the globe. You can redeem these awards at any Canadian Tire store instantly. The cards are PayPass enabled, which facilitates awards earnings.
Gas Advantage MasterCard: This card enables you to save from 2 cents to a maximum of 10 cents on every liter of gas purchased at Canadian Tire gas bars. The discount depends upon the purchases of the previous month.
Cash Advantage MasterCard: This card enables you to take advantage of up to 1.5% cash back on all eligible annual purchases. This card comes embedded with PayPass technology.
Curve MasterCard: Launched in 2009, this card enables you to enjoy up to 3.5% cash back on eligible purchases. You can enjoy double cash back by making purchases at Canadian Tire gas bars, Canadian Tire stores and Marks Work Wearhouse stores. One can also enjoy unlimited Cash on the Curve™ rewards that do not expire.[br]
Canadian Tire Financial Services: Insurance
CTFS offer the following insurance options:
Credit Protector: In case you lose your job, you can benefit from credit protector, which provides protection to your minimum monthly payments up to $1,000. This option is only available to people between 18 to 65 years of age.
Term Life Insurance: This option provides life insurance protection of up to $250,000. Once it is approved, it cannot be declined, irrespective of the policy holder’s health statues.
Accident Plus: Under this option, you can get accident protection of up to $200,000. One can choose from single and family plans according to one’s requirements.
Travel Insurance: You can get multi and single trip medical coverage. Travel insurance also includes annual plans that provide baggage, trip interruption and cancellation cover.
