How much Crappy Tire Money does oe get back when paying with cash ?
Not nearly as much as you remember!
Time was, you could go there and buy tires, spend a few hundred bucks, and get many DOLLARS in return. When's the last time you got a Canadian Tire one or two in your hand?
The flat redemption rate used to be 3%, which is why they printed all those 3¢ notes (which they haven't for a while now…). Certain stores could actually give more if the manager wanted to get the business!
The CT cash is no longer a customer loyalty coupon program; it has been transformed into a _credit card points_ program. If you have the card, it gives 3-4% back like any other premium card, whether cash back or Air Miles® or Best Buy points or whatever. If you collect it in paper, or only have the points card with no credit, it is like a tenth of that, i.e., LESS THAN HALF A PERCENT.
The filling stations have a better rate, but that is just to compete with other stations' own programs which offer points or savings in the range of 3-4 cents per litre. You're not getting a better deal there, just a different thing to redeem.
Canadian Tire Corporation has liked to call it Canadian Tire ‘Money’ and Coupons through the years, but in reality they've been operating the last chartered bank in the country permitted to print their own currency! It is not a coupon; it is real money with an accepted face value. The stores treat it like real money: it is issued to cashiers, tracked, and accounted as such. If you want to redeem it for cash, you just go to the customer service and they will do so. It circulates nation-wide as an accepted currency, and there are many un-affiliated corner stores, independent businesses, plumbers, &c. who do take it (usually at face value).
With an outstanding liability of untold millions in circulating notes not yet redeemed, I'm sure the Corp. would like nothing more than to call the whole thing off.
Oh on topic… on topic… price for gun sure is stoopit.



























