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Canadian Tire Money

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Canadian Tire money is different than Canadian Money. You get it at a wonderful store called Canadian Tire, or from the Canadian Tire Gas Bar. The amount of Canadian Tire money you get depends on how much money you spend, but it’s generally not a lot. I bought new snow tires this year which cost like $500 Canadian Dollars (real money) and only got like $5 in Canadian Tire Money. You cannot exchange Canadian Tire Money through currency trading.

Generally at the Gas bar you get like 15 cents from filling a tank, but you can get a coupon from the store that multiplies that by anywhere from 5 to 12 times. It can really add up. Sometimes you get ‘actual’ paper money from the store or gas bar, but mine stores on my Credit Card. I always buy my gas at the Canadian Tire Gas Bar so that I can get the money.

I personally use a Canadian Tire credit card which stores my balance automatically, it also automatically applies a multiplier to my gas bar purchases. When I use my credit card at other stores I still get some Canadian Tire money, like 1% or 2% of my purchases. Right now I have like $96 bucks built up on my card.

Canadian Tire money can only be used at the Canadian Tire store, although I’ve heard you can actually pay tuition at Memorial University in Newfoundland with it. You can’t use Canadian Tire money at the Gas Bar or at regular stores although I have seen people selling it on ebay for real money.

Someday I might actually spend all the Canadian Tire Money I have saved. I’m thinking I might wait until I buy I house and use my money I’ve saved to help furnish it. It’s kind of a waste to hang onto though I guess as it doesn’t earn interest so I guess I lose some value to inflation every year. Maybe one of these days we’ll have a recession and it will become more valuable.

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