{"id":44035,"date":"2024-01-03T16:35:11","date_gmt":"2024-01-03T21:35:11","guid":{"rendered":"https:\/\/hardbacon.ca\/non-classifiee\/best-store-credit-cards\/"},"modified":"2024-05-15T03:19:41","modified_gmt":"2024-05-15T07:19:41","slug":"best-store-credit-cards","status":"publish","type":"post","link":"https:\/\/hardbacon.ca\/en\/credit-cards\/best-store-credit-cards\/","title":{"rendered":"The 7 Best Store Credit Cards in Canada"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">We\u2019re all feeling the pinch of <a href=\"https:\/\/hardbacon.ca\/en\/financial-independence\/7-tips-to-hedge-against-inflation-in-canada\/\">inflation<\/a>. Of course, everywhere we turn, someone is pushing a glossy brochure with big promises across the counter. The choices are endless along with the confusion. Are store credit cards worthwhile or just extra weight in your wallet? Luckily, a few hidden gems turn regular purchases into a goldmine of rewards. These cards not only offer lucrative rewards and exclusive perks, but they also open the door to impressive savings with your favourite retailers.<\/p>\n\n\n\n\n\n\n    <div class=\"best-table\">\r\n        <div class=\"best-table__head\">\r\n                            <div class=\"best-table__head-item\">Credit Cards<\/div>\r\n                                        <div class=\"best-table__head-item\">Best For<\/div>\r\n                    <\/div>\r\n                                    <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-1-tims-credit-card-best-store-credit-card-for-coffee\">Tims Credit Card<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Coffee<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-2-neo-credit-best-partnerships-with-stores\">Neo Credit<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Partnerships with Stores<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-3-president-s-choice-pc-financial-mastercard-best-for-pharmacy-purchases\">President\u2019s Choice (PC) Financial Mastercard<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Pharmacy Purchases<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-4-cibc-costco-mastercard-best-store-credit-card-for-bulk-shoppers\">CIBC Costco Mastercard<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Bulk Shoppers<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-5-amazon-ca-rewards-mastercard-best-for-online-shoppers\">Amazon.ca Rewards Mastercard<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Online Shoppers<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-6-triangle-mastercard-canadian-tire-best-for-sporty-people-amp-gas-purchases\">Triangle Mastercard (Canadian Tire)<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Sporty People u0026amp; Gas Purchases<\/div>\r\n                <\/div>\r\n                            <div class=\"best-table__row\">\r\n                    <div class=\"best-table__row-item\"><a href=\"#h-7-walmart-rewards-mastercard-best-store-credit-card-for-families\">Walmart Rewards Mastercard<\/a><\/div>\r\n                    <div class=\"best-table__row-item\">Families<\/div>\r\n                <\/div>\r\n                        <\/div>\r\n        <script type=\"application\/ld+json\">\r\n        {\r\n          \"@context\": \"https:\/\/schema.org\",\r\n          \"@type\": \"ItemList\",\r\n          \"url\": \"https:\/\/hardbacon.ca\/en\/en\/credit-cards\/best-store-credit-cards\/\",\r\n          \"name\": \"The 7 Best Store Credit Cards in Canada\",\r\n          \"description\": \"Store credit cards are issued by a specific store or brand. They work just like traditional credit cards but with special perks.\",\r\n          \"itemListOrder\": \"https:\/\/schema.org\/ItemListOrderDescending\",\r\n          \"itemListElement\": [\"Tims Credit Card\",\"Neo Credit\",\"President\\u2019s Choice (PC) Financial Mastercard\",\"CIBC Costco Mastercard\",\"Amazon.ca Rewards Mastercard\",\"Triangle Mastercard (Canadian Tire)\",\"Walmart Rewards Mastercard\"]        }\r\n    <\/script>\r\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-1-tims-credit-card-best-store-credit-card-for-coffee\">1. Tims Credit Card &#8211; Best Store Credit Card for Coffee<\/h2>\n\n\n\n\n\n\n\n\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20 sm:w-[calc(100%-60px)] md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-credit-cards-canada\/#h-26-tims-credit-card-best-restaurant-credit-card-in-canada\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"absolute top-full left-1\/2 transform -translate-y-2\/5 -translate-x-1\/2 sm:-top-22 sm:-right-10 sm:-right-15 sm:left-auto sm:translate-x-0 sm:translate-y-0\">\n\t\t\t\t\t<img decoding=\"async\" class=\"max-w-30 max-h-30 w-auto h-auto\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/64dd008b7271d033a068311b_offer_cc_badge\" alt=\"Offer Badge\">\n\t\t\t\t<\/a>\n\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/64dd008b7271d033a068311b_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/65f0aa48876646001b5c902e\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Tims\u00ae Credit Card<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$0<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Purchase Interest Rate:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">20.99% - 24.99%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Cash Advance:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">22.99% - 25.99%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Banner:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Apply for a new Tims\u00ae Credit Card and get up to 5,000 Tims\u00ae Rewards points on qualifying purchases within the first 3 months.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/65f0aa48876646001b5c902e\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">In an effort to establish a stronger presence in the competitive world of rewards programs, Tim Hortons recently introduced the <a href=\"https:\/\/click.linksynergy.com\/fs-bin\/click?id=rrfvo1Wz0rU&amp;offerid=1406111.4&amp;type=3&amp;subid=0\" rel=\"sponsored nofollow noopener\" target=\"_blank\">Tims credit card<\/a>. This credit card can be accessed through the mobile application and is seamlessly integrated with their existing loyalty program, <a href=\"https:\/\/hardbacon.ca\/en\/rewards-points\/tims-rewards\/\">Tims Rewards<\/a>.<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">When you buy food and beverages at a Tim Hortons Restaurant, you earn 15 points per $1 spent. Don&#8217;t forget to also scan your Rewards card! You also get 5 points per $1 on groceries, public transportation, taxis, ride-sharing services, gasoline and electric vehicle charging, as well as 1 point per $2 on anything else. To illustrate, consider someone who spends $100 monthly at Tim Hortons, $300 on groceries, $100 on gas, and $100 on public transit using the Tims credit card. This would allow them to accumulate 4,000 points. They could exchange these points for coffee, meals and sweets at any Tim Hortons. <\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-tims-rewards\">Tims Rewards<\/h3>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">New cardholders are greeted with a generous 10,000 bonus Tims Rewards points, equivalent to saving about $52 or getting 25 free coffees for your morning boost. To receive your welcome points, you are required to make an initial purchase within 30 days of receiving the card and spend at least $200 in the second, third, and fourth months following card activation. You must apply for and be approved by December 31, 2023. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the <a href=\"https:\/\/hardbacon.ca\/en\/compare\/credit-cards\/tims-financial\/tims-credit-card\/\">Tims card<\/a> provides valuable protections. The Extended Warranty feature extends the manufacturer&#8217;s warranty by an additional year for most items purchased with the card, with a maximum repair or reimbursement limit of $1,000 per incident. Purchase Protection offers a similar safeguard for the initial 90 days after the purchase date. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Since the&nbsp;<a href=\"https:\/\/hardbacon.ca\/en\/rewards-points\/reward-points-value-in-canada-how-much-are-they-worth\/\">value of one Tims point<\/a>&nbsp;is 0.5 cents, this card makes the Tim Rewards program much more interesting. The 15 points you accumulate for every dollar spent at Tim Hortons translate to a 7.5% cash back, surpassing the typical offerings of most credit cards. Furthermore, the 5 points (2.5%) on select essential purchases is a noteworthy benefit that caters to a broad range of individuals, making this card exceptionally versatile.<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>600<br>*If your score is lower, apply for the Secured Tims Credit Card instead.<\/td><\/tr><tr><td>Annual Income<\/td><td>None <\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-2-neo-credit-best-partnerships-with-stores\">2. Neo Credit &#8211; Best Partnerships with Stores<\/h2>\n\n\n\n\n\n\n\n\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20 sm:w-[calc(100%-60px)] md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-credit-cards-canada\/#h-1-neo-credit-best-credit-card-in-canada\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"absolute top-full left-1\/2 transform -translate-y-2\/5 -translate-x-1\/2 sm:-top-22 sm:-right-10 sm:-right-15 sm:left-auto sm:translate-x-0 sm:translate-y-0\">\n\t\t\t\t\t<img decoding=\"async\" class=\"max-w-30 max-h-30 w-auto h-auto\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/60fed96813fd2f260ff90748_offer_cc_badge\" alt=\"Offer Badge\">\n\t\t\t\t<\/a>\n\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/60fed96813fd2f260ff90748_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/62b3aa8efd5a9d001bb4958b\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Neo Mastercard<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$0<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Purchase Interest Rate:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Between 19.99%-29.99%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Start building with Canada\u2019s first credit card designed to grow with you. Receive guaranteed, instant approval, guided credit building tools, and 1% cashback on gas & groceries.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/62b3aa8efd5a9d001bb4958b\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Neo offers a range of credit products, among them the&nbsp;<a href=\"https:\/\/api.fintelconnect.com\/t\/l\/62b3aa8efd5a9d001bb4958b\" rel=\"sponsored nofollow noopener\" target=\"_blank\">Neo Credit card<\/a>. Your first purchase at a partner store could earn a 15% cash back. And it&#8217;s one of the <a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/easiest-credit-card-to-get-in-canada\/\">easiest credit card to get<\/a> in Canada. To find the best deals, you&#8217;ll need to download the Neo app and look for partner stores nearby. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">On average, you&#8217;ll earn a 5% cash back at numerous partner stores located throughout the country and online, including AVIS, LCBO, Netflix and Clearly. If you happen to have a Neo Money account, you have the option to deposit your cash back into this account, where it will accrue interest at a rate of 2.25%.<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s the exciting part: you have the option to supercharge your card with some fantastic extras. Whether you&#8217;re into travel, dining, or staying healthy, you can turbocharge your <a href=\"https:\/\/hardbacon.ca\/en\/compare\/credit-cards\/neo\/neo-credit\/\">Neo Credit card<\/a> for even more enjoyment. Take the Mind and Body perk, for example, priced at just $9.99 per month. With this nifty add-on, you&#8217;ll score a sweet 1.25 times more cashback when you hit the gym, attend yoga classes, visit wellness centers, or see your favorite wellness practitioners. And that&#8217;s not all! This subscription also grants you access to Headspace Plus, an awesome app with a treasure trove of meditation and mindfulness exercises, among other fantastic perks.<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>600<\/td><\/tr><tr><td>Annual Income<\/td><td>None <\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident and have a Canadian photo ID.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-3-president-s-choice-pc-financial-mastercard-best-for-pharmacy-purchases\">3. President\u2019s Choice (PC) Financial Mastercard &#8211; Best for Pharmacy Purchases<\/h2>\n\n\n\n\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"213\" height=\"134\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/09\/PC_MC-e1697119867480.png\" alt=\"\" class=\"wp-image-49555\" style=\"width:286px;height:180px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>Annual fee:<\/strong> $0<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 21.99% for purchases; 22.97% for cash advances<\/li>\n\n\n\n<li><strong>Rewards:<\/strong> Up to 25 Points\/$1<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/hardbacon.ca\/en\/compare\/credit-cards\/presidents-choice-bank\/pc-financial-mastercard\/\" style=\"background-color:#ff4746\">Apply<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/hardbacon.ca\/en\/compare\/credit-cards\/presidents-choice-bank\/pc-financial-mastercard\/\" target=\"_blank\" rel=\"noreferrer noopener\">The PC Financial Mastercard<\/a> is unique as it tailors rewards to match products. This card is a <a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/best-credit-card-for-groceries\/\">great option for groceries<\/a>, pharmacy and gas. Cardholders earn up to 25 PC Optimum points per dollar at Shoppers Drug Mart, which goes down to 20 points per dollar for travel-related eligible purchases with PC Travel, and up to 30 points per litre of gas at Esso and Mobile gas stations. All other purchases earn 10 PC Optimum points for every dollar spent, including at Maxi, Provigo and Wholesale Club.&nbsp;<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Points can be redeemed for free products and groceries at a variety of online and physical stores, including Joe Fresh, PC Express and Shoppers Drug Mart. In addition, points can be redeemed at Esso stations throughout the country. For instance, you can redeem 4,000 points to get 10 cents off per litre, up to 40 litres.<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Look out for special offers to <a data-lasso-id=\"165007\" href=\"https:\/\/www.hardbacon.ca\/en\/rewards-points\/how-to-get-more-pc-optimum-points\/\" target=\"_blank\" rel=\"noopener nofollow\">earn more PC Optimum points<\/a>. The company is known for offering additional points on specific purchases made with a <a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/pc-financial-mastercard-analysis\/\">PC Financial credit card<\/a>. Plus, a few times a year, Shoppers Drug Mart runs a \u201c20x the points\u201d promotion on in-store purchases. Capitalize on those events to boost your points!&nbsp;<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>660<\/td><\/tr><tr><td>Annual Income<\/td><td>None <\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-4-cibc-costco-mastercard-best-store-credit-card-for-bulk-shoppers\">4. CIBC Costco Mastercard &#8211; Best Store Credit Card for Bulk Shoppers<\/h2>\n\n\n\n\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"150\" height=\"94\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/02\/CIBC-Costco-Mastercard-rez.jpeg\" alt=\"\" class=\"wp-image-6428\" style=\"width:247px;height:155px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>Annual fee:<\/strong> $0<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 19.75% for purchases; 21.49% for cash advances<\/li>\n\n\n\n<li><strong>Rewards:<\/strong> Up to 3% cash back<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.costco.ca\/CIBC-Costco-Mastercard.html?langId=-24\" style=\"background-color:#ff4746\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Apply<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/costco-credit-card\/\" target=\"_blank\" rel=\"noreferrer noopener\">CIBC Costco Mastercard<\/a> offers excellent cash back rewards, such as 3% on restaurants and Costco gas. Using the card at other gas stations or to make purchases at <a data-lasso-id=\"165000\" href=\"http:\/\/costco.ca\" target=\"_blank\" rel=\"nofollow noopener\">costco.ca<\/a> also earns a 2% cash back. All other purchases, including in a Costco store, earn 1% cash back. However, points must be redeemed for gift certificates that can only be used at Costco. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">One of the biggest highlights of the card is the <a data-lasso-id=\"94448\" href=\"https:\/\/www.cibc.com\/en\/personal-banking\/credit-cards\/manage\/installment-plans.html\" rel=\"nofollow noopener\" target=\"_blank\">CIBC Pace It<\/a> installment plans. There are no installment charges, but the buyer gets a special interest rate that depends on the length of the plan.&nbsp;<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">In addition to these benefits, CIBC Costco Mastercard comes with insurance coverage, including purchase security, extended warranty insurance, and mobile device insurance. Also, members can request up to 3 additional cards at no extra charge.&nbsp;<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Unfortunately, this card is only available to Costco members. A <a href=\"https:\/\/hardbacon.ca\/en\/budget\/costco-canada-membership\/\">Costco membership<\/a> starts as low as $60 per year, and applications can be submitted online.<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>630<\/td><\/tr><tr><td>Annual Income<\/td><td>$15,000<\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<br>Be a Costco member.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-5-amazon-ca-rewards-mastercard-best-for-online-shoppers\">5. Amazon.ca Rewards Mastercard &#8211; Best for Online Shoppers<\/h2>\n\n\n\n\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"213\" height=\"134\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/09\/cc-amazon-rewards-mc-e1697121094770.png\" alt=\"\" class=\"wp-image-49558\" style=\"width:288px;height:181px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>Annual fee:<\/strong> $0<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 19.99% for purchases; 22.99% for cash advances and balance transfers<\/li>\n\n\n\n<li><strong>Rewards:<\/strong> Up to 2.5% cash back (for Prime members)<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.amazon.ca\/MBNA-Amazon-ca-Rewards-Mastercard\/dp\/B07MJM4F44\" style=\"background-color:#ff4746\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Apply<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/amazon-credit-card-canada\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Amazon Rewards Mastercard<\/a> comes with impressive rewards but has a higher credit score requirement than most store credit cards. Applicants need good credit to qualify. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">The card offers 5% cash back for the first 6 months. The spending amount is capped at $3,000, which means buyers can earn a maximum of $150 in cash back. After the 6-month promotional period ends, the cash back rate falls to 2.5% for <a data-lasso-id=\"221500\" href=\"https:\/\/hardbacon.ca\/en\/budget\/amazon-prime-canada-membership-is-it-worth-it\/\">Amazon Prime<\/a> members and 1.5% for nonmembers on eligible purchases at Amazon.ca and Whole Foods Market. All other purchases earn 1%. Moreover, in order to help you offset foreign transaction fees, Amazon offers 2.5% cash back to eligible&nbsp;Prime members&nbsp;on&nbsp;foreign currency transactions and 1% to nonmembers.<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Points are automatically converted into gift cards. The threshold is 2,000 points, which earns a $20 gift card. The conversion rate isn\u2019t overly generous, but can still prove to be beneficial for loyal Amazon consumers. In addition, there are travel benefits such as lost luggage assistance. Moreover, the card offers purchase assurance, extended warranty benefits, and emergency card replacement.&nbsp;If you need to rent a car, you will save a minimum of 5% to 10% off the base rates at participating Avis and Budget locations.<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>680<\/td><\/tr><tr><td>Annual Income<\/td><td>None<\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-6-triangle-mastercard-canadian-tire-best-for-sporty-people-amp-gas-purchases\">6. Triangle Mastercard (Canadian Tire) &#8211; Best for Sporty People &amp; Gas Purchases<\/h2>\n\n\n\n\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-8f761849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"195\" height=\"121\" src=\"https:\/\/hardbacon.ca\/wp-content\/uploads\/2023\/02\/Mastercard-Triangle.png\" alt=\"\" class=\"wp-image-1563\" style=\"width:243px;height:151px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>Annual fee:<\/strong> $0<\/li>\n\n\n\n<li><strong>Interest rate:<\/strong> 19.99% for purchases; 22.99% for cash advances and balance transfers<\/li>\n\n\n\n<li><strong>Rewards:<\/strong> Up to 4% cash back in CT Money<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/hardbacon.ca\/en\/compare\/credit-cards\/canadian-tire-bank\/triangle-mastercard\/\" style=\"background-color:#ff4746\" target=\"_blank\" rel=\"noreferrer noopener\">Apply<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Called the <a data-lasso-id=\"165008\" href=\"https:\/\/www.hardbacon.ca\/en\/credit-cards\/the-best-canadian-tire-mastercard-in-canada\/\" target=\"_blank\" rel=\"noopener nofollow\">best Canadian Tire card<\/a>, the Triangle Mastercard offers Canadian Tire Money (CT) rewards. This is one of the most rewarding store credit cards in Canada, as it offer 5\u00a2 cash back per litre of gas at Gas+ locations. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, the card offers up to 4% cash back in CT Money on eligible purchases at participating stores. These include Canadian Tire, Mark&#8217;s, Sport Chek, Party City, Pro Hockey Life, Atmosphere, Sports Rousseau and Hockey Experts. Additional stores are added from time to time, so check the official site for a list of participating stores.<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Grocery shopping can earn cardholders 1.5% CT Money, excluding Walmart and Costco. Every other purchase earns 0.5% CT Money. Points can be redeemed at almost all participating stores, including Canadian Tire. The conversion ratio is excellent at 1:1.<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>660<\/td><\/tr><tr><td>Annual Income<\/td><td>None<\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-7-walmart-rewards-mastercard-best-store-credit-card-for-families\">7. Walmart Rewards Mastercard &#8211; Best Store Credit Card for Families<\/h2>\n\n\n\n\n\n\n\n\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t<span class=\"absolute left-3 right-3 sm:right-auto bottom-full bg-primary-dark text-white text-center text-sm md:text-base font-medium py-2 px-8 rounded-t-lg w-content mx-auto\">\n\t\t\t\t\tEarn up to $50 in bonus Walmart Reward Dollars\u2122. \t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/5f71f34736a168616a45e125_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/www.walmartrewards.ca?utm_source=af_hb&#038;utm_campaign=standard&#038;utm_content=image&#038;channel=af_hb&#038;offer=WB0000003\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">Walmart Rewards\u1d40\u1d39 Mastercard\u00ae<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Free<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Purchase Interest Rate:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">19.89%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Cash Advance:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">22.97%<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Get $50 in bonus Walmart Reward Dollars\u2122 when you spend a minimum of $500 in your first 3 months. Conditions apply.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/www.walmartrewards.ca?utm_source=af_hb&#038;utm_campaign=standard&#038;utm_content=image&#038;channel=af_hb&#038;offer=WB0000003\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/hardbacon.ca\/en\/credit-cards\/walmart-mastercard-everything-you-need-to-know-about-this-supermarkets-credit-cards-in-canada\/\" target=\"_blank\" rel=\"noreferrer noopener\">Walmart Rewards Mastercard<\/a> comes with no annual fee and has low minimum income requirements. However, applicants need to have a credit score of 640 or higher to qualify. Cardholders earn rewards every time they use the card at Walmart or any other store.&nbsp;<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Shopping online at <a data-lasso-id=\"94452\" href=\"http:\/\/walmart.ca\" rel=\"nofollow noopener\" target=\"_blank\">walmart.ca<\/a> or at a physical Walmart store in Canada will earn 1.25% cash back in Walmart Reward dollars. This rate goes down to 1% for all other stores, including gas stations. The card has an excellent points-to-dollar conversion ratio of 1:1, which means 1 Walmart Reward Dollar is worth $1. Other benefits include liability protection and Mastercard Global Services.<\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>640<\/td><\/tr><tr><td>Annual Income<\/td><td>None<\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-don-t-like-these-store-credit-cards-consider-a-cash-back-card\">Don\u2019t Like These Store Credit Cards? Consider a Cash Back Card<\/h2>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Those who do not want to own a store credit card can consider cash back cards. Just like store credit cards, cash back cards reward buyers for making purchases by paying back a percentage of the amount spent. Cash back cards may prove to be more beneficial than store credit cards as they offer more ways to redeem rewards and are typically more generous. However, they usually have higher credit score and income requirements. <\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bmo-cashback-world-elite-mastercard\">BMO CashBack World Elite Mastercard<\/h3>\n\n\n\n\n\n\n\n\t\t<div class=\"relative p-10 rounded-sm shadow-(--shadow) !my-20  md:max-w-[900px] md:mx-auto\">\n\t\t\t\t\t\t\t\t\t<div class=\"md:flex gap-20 items-center\">\n\t\t\t\t<div class=\"shrink-0 md:w-1\/3 flex flex-col items-center justify-center\">\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/hardbacon-prod.s3.us-east-1.amazonaws.com\/comparators\/5f31593392ec22115033b2b6_offer_credit_card\" alt=\"Offer Image\" class=\"!my-0 mx-auto\">\n\t\t\t\t\t<a href=\"https:\/\/www.bmo.com\/main\/personal\/credit-cards\/2-cashback-offers\/?ecid=af-US33262CC4-SJBMO15&#038;utm_source=BMOMastercard-AffiliateTracking&#038;utm_medium=Hardbacon&#038;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_CBWE_10-CASHBACK_December2020&#038;utm_content=CC_CBWE_1x1_120AnnualFee_EN_5-CASHBACK_APPLYNOW\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline hidden md:block mt-5\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"text-center md:text-left\">\n\t\t\t\t\t<span class=\"font-medium text-xl md:text-2xl block mb-10\">BMO CashBack\u00ae World Elite\u00ae* Mastercard\u00ae*<\/span>\n\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"font-regular divide-y divide-primary-dark\/10\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">$120<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Annual Fee Promotion:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Waived for the first year<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"flex justify-between py-2\">\n\t\t\t\t\t\t\t\t\t<span class=\"shrink-0 block font-medium w-[180px]\">Offer:<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"text-right\">Get up to $650 in value and the annual fees waived in the first year. Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.<\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"text-center md:hidden mt-8\">\n\t\t\t\t<a href=\"https:\/\/www.bmo.com\/main\/personal\/credit-cards\/2-cashback-offers\/?ecid=af-US33262CC4-SJBMO15&#038;utm_source=BMOMastercard-AffiliateTracking&#038;utm_medium=Hardbacon&#038;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_CBWE_10-CASHBACK_December2020&#038;utm_content=CC_CBWE_1x1_120AnnualFee_EN_5-CASHBACK_APPLYNOW\" class=\"whitespace-nowrap button-link-sm-base button-link-filled text-white no-underline\" target=\"_blank\" rel=\"noopener noreferrer\">Get it now<\/a>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/www.bmo.com\/main\/personal\/credit-cards\/2-cashback-offers\/?ecid=af-US33262CC4-SJBMO15&amp;utm_source=BMOMastercard-AffiliateTracking&amp;utm_medium=Hardbacon&amp;utm_campaign=Hardbacon_1x1_EN_CPA_PROS_IN-MARKETSEGMENT_ROS_FINANCEANDINVESTMENTS_ALL_CBWE_10-CASHBACK_December2020&amp;utm_content=CC_CBWE_1x1_120AnnualFee_EN_5-CASHBACK_APPLYNOW\" rel=\"sponsored nofollow noopener\" target=\"_blank\">BMO Cashback World Elite Mastercard<\/a> is a little expensive, but it&#8217;s worth it. New users don\u2019t have to pay annual charges for the first year and enjoy a generous welcome offer.<\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">This card offers 5% back on groceries, 4% on transit, 3% on gas and electric vehicle charging, 2% on recurring bills, and 1% on all other purchases. Points can be used towards bills or deposited into a BMO account. When you need to rent a car, you can save up to 25% at participating National Car Rental and Alamo locations. Other perks include complimentary <a href=\"https:\/\/hardbacon.ca\/en\/car\/best-roadside-assistance-programs-canada\/\">roadside assistance<\/a>. <\/p>\n\n\n\n\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Eligibility<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Credit Score (estimated)<\/td><td>725<\/td><\/tr><tr><td>Annual Income<\/td><td>$80,000 personal or<br>$150,000 household<\/td><\/tr><tr><td>Other<\/td><td>Be a Canadian resident.<br>Have reached the age of majority in your province or territory.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\">How to Choose the Right Store Credit Card in 5 Simple Steps<\/h2>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Choosing the right store credit card can feel overwhelming, but a few key factors can help you find a card that aligns with your shopping habits and financial goals. Here are 5 simple steps to guide you:<\/p>\n\n\n\n\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Evaluate Your Spending Habits<\/strong>: Start by identifying where you shop the most. If there&#8217;s a particular store or chain where you frequently make purchases, a credit card from that retailer could offer valuable rewards.<br><\/li>\n\n\n\n<li><strong>Understand the Rewards:<\/strong> Different cards offer different reward structures. Some provide cash back, while others offer points or discounts on purchases. Consider what type of reward would benefit you the most and check how easy it is to redeem these rewards for the benefits you want or need the most.<br><\/li>\n\n\n\n<li><strong>Read the Fine Print:<\/strong> Be sure to fully understand the card&#8217;s terms and conditions. Look for details about the interest rate, fees, and penalty charges. Also, check if the card&#8217;s rewards or perks come with any restrictions or expiration dates.<br><\/li>\n\n\n\n<li><strong>Weigh the Perks:<\/strong> Store cards usually come with perks like special discounts, early access to sales, or exclusive merchandise. Weigh these benefits against any potential downsides, like high interest rates or limited usability outside the issuing store.<br><\/li>\n\n\n\n<li><strong>Consider Your Financial Situation:<\/strong> Reflect on your financial situation and habits. If you&#8217;re disciplined about paying off your balance in full each month and are looking to maximize rewards at your favourite store, a store credit card could be a good fit. If, however, you already have high-interest credit card debt or tend to overspend, it may be best to avoid store credit cards.<\/li>\n<\/ol>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Remember, the right credit card for you largely depends on your individual needs, preferences, and financial habits. It&#8217;s all about finding a card that fits seamlessly into your lifestyle while offering maximum benefits.<\/p>\n\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\">5 Downsides of Store Credit Cards<\/h2>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">While store credit cards offer enticing rewards and discounts, they also come with their share of potential pitfalls that you should carefully consider. Here&#8217;s what you need to watch out for:<\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\">High Interest Rates<\/h3>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">This is a significant downside. Store credit cards often come with significantly higher interest rates compared to regular credit cards. This means if you carry a balance from month to month, the interest can quickly wipe out any savings you might have gained from the card&#8217;s rewards. If you tend to carry a balance, a store credit may not be right for you. <\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\">Shopping Limitations<\/h3>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Unlike general-purpose credit cards, store cards are usually only accepted at the issuing store or chain. But that&#8217;s not always the case. The store credit cards on this list can be used anywhere, which is why they&#8217;re are among the best in Canada. However, the rewards are typically tied to purchases made at the issuing store.<\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\">Lower Credit Limits<\/h3>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Store credit cards often have lower credit limits. While this could help control overspending, it could also make it easier to use a high percentage of your available credit, which may negatively impact your credit score.<\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\">Impact on Credit Score<\/h3>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Applying for a store credit card will result in a hard inquiry on your credit report, which may temporarily lower your credit score. Also, having too many store cards might indicate to potential lenders that you rely too heavily on credit to make ends meet. Overall, this could affect your ability to borrow in the future.<\/p>\n\n\n\n\n\n\n\n<h3 class=\"wp-block-heading\">Risk of Overspending<\/h3>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">The discounts and rewards can encourage unnecessary spending. It&#8217;s easy to fall into the trap of buying more just to earn rewards or take advantage of a discount. <\/p>\n\n\n\n\n\n\n\n<p class=\"wp-block-paragraph\">While store credit cards can certainly offer value to some shoppers, it&#8217;s crucial to understand the downsides and use the cards responsibly. Always read the fine print, consider your spending habits, and make sure you can pay off the balance in full each month to truly benefit from a store credit card.<\/p>\n\n\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>We\u2019re all feeling the pinch of inflation. Of course, everywhere we turn, someone is pushing a glossy brochure with big promises across the counter. The choices are endless along with the confusion. Are store credit cards worthwhile or just extra weight in your wallet? Luckily, a few hidden gems turn regular purchases into a goldmine [&hellip;]<\/p>\n","protected":false},"author":48,"featured_media":16217,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,325,292,254,206,344],"tags":[],"class_list":["post-44035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-cards","category-best-credit-cards","category-cibc-en","category-mastercard-credit-cards","category-no-fee-credit-cards","category-store-credit-cards"],"acf":{"has_no_offer_box":"1"},"_links":{"self":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/posts\/44035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/users\/48"}],"replies":[{"embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/comments?post=44035"}],"version-history":[{"count":0,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/posts\/44035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/media\/16217"}],"wp:attachment":[{"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/media?parent=44035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/categories?post=44035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardbacon.ca\/en\/wp-json\/wp\/v2\/tags?post=44035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}