Canadian Tire Triangle Credit Cards
- Last Updated:
- Mar 27th, 2024 9:10 pm
Tags:
- SCORE+97
- adrian2
- Deal Addict
- Feb 2, 2007
- 1108 posts
- 1118 upvotes
- GTA
- titaniumtux
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
Afaik should work. Do a test payment of $1 and try it out.
Premium Life: CDC [Icey Private Status]/SwissBorg Genesis/InLock/Netflix UHD [100% off]/Amazon [Prime 100% off]/Instacart [Express]
- banker8
- Deal Addict
- May 7, 2019
- 1470 posts
- 1287 upvotes
- Ontario
Hey, no need to risk a buck.titaniumtux wrote: ↑ Afaik should work. Do a test payment of $1 and try it out.
I made a payment of one cent, to test my link to a biller. Worked like a charm :-)
.
- angel_wing0
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
Not without fees.
- banker8
- Deal Addict
- May 7, 2019
- 1470 posts
- 1287 upvotes
- Ontario
Exactly. Fees and a 20%+ interest rate.angel_wing0 wrote: ↑ Not without fees.
Cards issued by every other finance provider, treat these payments as a cash advance.
.
- angel_wing0
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
To be fair, there are utilities that do allow credit card payments through a payment provider like Paymentus. Those usually charge a fee of 1.75-2.50% and is treated as a normal cc payment.
- titaniumtux
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
I think the only one that fits your criteria would be BNS. The only issuer I'm aware of that allows cash advances through online banking conducting any transaction other than the obvious transfer of funds from CC to deposit account. BNS allows paying utility bills with CC and charging cash advance. No other FI's that I'm aware of allow using CC as funding source to bill pay a payee and charge for cash advance.
I'm suspecting BNS did this because their uLOC is packaged in the form of a VISA.
Premium Life: CDC [Icey Private Status]/SwissBorg Genesis/InLock/Netflix UHD [100% off]/Amazon [Prime 100% off]/Instacart [Express]
- xiaobao
- Deal Addict
- Dec 16, 2012
- 3747 posts
- 909 upvotes
Coquitlam utilities that you pay once a year accepts credit cards without fees.angel_wing0 wrote: ↑ Not without fees.
- banker8
- Deal Addict
- May 7, 2019
- 1470 posts
- 1287 upvotes
- Ontario
At least two of the big players allow it, BNS and RBC. Perhaps others, too ... I haven't attempted paying bills with all of them. Curiously, Tangerine don't allow it, even though their parent company (BNS) does.titaniumtux wrote: ↑ I think the only one that fits your criteria would be BNS. The only issuer I'm aware of that allows cash advances through online banking conducting any transaction other than the obvious transfer of funds from CC to deposit account. BNS allows paying utility bills with CC and charging cash advance. No other FI's that I'm aware of allow using CC as funding source to bill pay a payee and charge for cash advance.
I'm suspecting BNS did this because their uLOC is packaged in the form of a VISA.
Here's RBC's advice, that bill payments from a CC are treated as a cash advance:
Paying a bill with your RBC Royal Bank credit card is considered a cash advance
.
- banker8
- Deal Addict
- May 7, 2019
- 1470 posts
- 1287 upvotes
- Ontario
- angel_wing0
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
nice, wish we can do that here.
- titaniumtux
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
nice find! kinda ridiculous for them to do that. maybe an IT fail, making it the only way to pay bills with rbc rewards pts as well?banker8 wrote: ↑ At least two of the big players allow it, BNS and RBC. Perhaps others, too ... I haven't attempted paying bills with all of them. Curiously, Tangerine don't allow it, even though their parent company (BNS) does.
Here's RBC's advice, that bill payments from a CC are treated as a cash advance:
Paying a bill with your RBC Royal Bank credit card is considered a cash advance
Premium Life: CDC [Icey Private Status]/SwissBorg Genesis/InLock/Netflix UHD [100% off]/Amazon [Prime 100% off]/Instacart [Express]
- banker8
- Deal Addict
- May 7, 2019
- 1470 posts
- 1287 upvotes
- Ontario
Sadly not. They won't give you points for a cash advance. You'll pay a cash advance fee and 20%+ interest from the date of the transaction, but will receive nothing in return. No cash back, no rewards points.titaniumtux wrote: ↑ nice find! kinda ridiculous for them to do that. maybe an IT fail, making it the only way to pay bills with rbc rewards pts as well?
It's not a mistake by their IT team. If it was, it wouldn't be clearly stated in their T&C's that a bill payment is treated as a cash advance. Rather, it's a deliberate way to bleed money out of the financially illiterate. I guess they gotta find a way to "make a buck" on their cards portfolio - they certainly don't make much from us cluey RFD'sers ;-)
From the T&C's of an RBC cash back card:
"Cash Back Credits are earned on Net Purchases only; they are not earned on Cash Advances (including balance transfers, Cash-Like transactions and bill payments that are not pre-authorized charges that you set up with a merchant)"
RBC - Cash Back T&C's
================
So, don't ever use BNS or RBC (or any other bank that allows it) to make a credit card bill payment from the bank's own website . They'll treat it as a cash advance. CTFS being the only exception, whom shall treat it as a purchase.
If you have a Non-CTFS card, be sure to only do CC bill payments (whether once-off, or recurring & pre-authorised) from the merchant's own website. Or use a third party payment facilitator such as PaySimply.
.
- titaniumtux
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
@banker8 maybe I wasn't clear enough in my previous post...
RBC does allow users to make bill payments by redeeming rewards pts. I'm thinking maybe in order to offer that feature, they needed to allow cash advancing CC as funding source to pay bills as well.
But ya, pretty useless "feature" with BNS & RBC.
RBC does allow users to make bill payments by redeeming rewards pts. I'm thinking maybe in order to offer that feature, they needed to allow cash advancing CC as funding source to pay bills as well.
But ya, pretty useless "feature" with BNS & RBC.
Premium Life: CDC [Icey Private Status]/SwissBorg Genesis/InLock/Netflix UHD [100% off]/Amazon [Prime 100% off]/Instacart [Express]
- banker8
- Deal Addict
- May 7, 2019
- 1470 posts
- 1287 upvotes
- Ontario
Ah, I see. Thanks for clarifying. I wasn't aware of that.titaniumtux wrote: ↑ @banker8 maybe I wasn't clear enough in my previous post...
RBC does allow users to make bill payments by redeeming rewards pts.
.
- AlexS37855
- Member
- Jun 4, 2018
- 323 posts
- 212 upvotes
Do people only get this card for bill payments and roadside assistance?
- MayorOfToronto
- Deal Fanatic
- Jul 13, 2014
- 6052 posts
- 4059 upvotes
- Parry Sound
It's not good for much else unless you shop at CT brand stores.AlexS37855 wrote: ↑ Do people only get this card for bill payments and roadside assistance?
Gas is limited to CT and Husky (Husky partnership is supposedly ending).
4% is limited to CT brand stores.
Groceries at 3% up to $12k is pretty good if you're fine with collecting CT Money.
The BMO card offers 3% cashback for groceries. I think it includes Walmart but it's only up to $500 per month. I'm sure a lot of families can blow through that easily.
The best alternative is the PCWE if you're fine with collecting PCO points. Groceries is at 3% (more when combined with PCO). Gas is 3-4% depending on the price of a litre. But you're limited to Loblaw stores and Esso/Mobil.
This message has not been approved by The Office of The Mayor of Toronto.
- angel_wing0
- Moderator
- Mar 23, 2004
- 47725 posts
- 13890 upvotes
- Markham
For me, yes. I used to use it at sportchek/CT gas also but now I only buy there when I have the discount gcs.AlexS37855 wrote: ↑ Do people only get this card for bill payments and roadside assistance?
- titaniumtux
- Deal Expert
- May 8, 2009
- 15560 posts
- 14184 upvotes
- Going to the Moon
finally redeemed my eCTM. used it on sod for some green grass that we were gonna buy anyway. been collecting while spending at superstore garden centre for the 3x which is no-AmEx anyway. gotta love CTFS!
Premium Life: CDC [Icey Private Status]/SwissBorg Genesis/InLock/Netflix UHD [100% off]/Amazon [Prime 100% off]/Instacart [Express]
- LOL808
- Deal Guru
- Jan 30, 2012
- 10043 posts
- 3758 upvotes
- multi city dweller
Quiz: Is it possible to get into negative eCTM balance?
Thread Information
There are currently 2 users viewing this thread. (0 members and 2 guests)