Canadian Tire Financial services

In 1995 CTFS (Canadian Tire financial services) establish the master card and became the first non-depository global financial.

In 2003, Canadian Tire Bank was established through a Schedule 1 bank under the Bank Act (Canada). Canadian Tire Bank provides high interest savings accounts, tax free savings accounts, and GICs. In addition, CTFS’ entire credit card portfolio was transferred to Canadian Tire Bank.

In 2006, the Cash Advantage MasterCard was placed into pilot. Its reward program allows cardholders to earn up to 1.5% cash back based on the amount of eligible annual purchases made on their card.

In 2009, the no fee Curve MasterCard was first issued nationwide, so named as its shape is a distinct curved. Its reward program allows cardholders to earn up to 3.5% cash back based on the amount of eligible annual purchases made on their card.

Canadian Financial services provide a range of insurance underwritten by third party insurance companies that includes like accident and travel insurance.