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Canadian Tire Bank (CTB) is a federally chartered bank operating as a subsidiary of Canadian Tire Financial Services Limited (CTFSL), a financial services arm of Canadian Tire Corporation. In 1995, CTFSL became the first non-deposit taking, financial institution in the world to launch a MasterCard called the Options MasterCard. Today, the Bank issues Canadian Tire Options MasterCard, Gas Advantage MasterCard and Cash Advantage MasterCard. It is the eighth-largest credit card issuer in Canada with 1.8 million active accounts. It also offers high interest savings accounts, guaranteed investment certificates (GICs), tax free savings accounts, online and phone banking. In 2009, CTB sold its lending portfolio to National Bank of Canada and no longer provides mortgage products. In 2014, Bank of Nova Scotia (Scotiabank) acquired 20% stake in Canadian Tire's banking business for C$500 million. As of May 31, 2017, Canadian Tire Bank had total assets of C$5.655 billion. It employs over 1,600 people with offices in Welland, St. Catharines and Oakville, Ontario. The company was established in 2003 and is a member of the Canada Deposit Insurance Corporation (CDIC).
Credit Cards (no fee, no interest financing)
Gas Advantage MasterCard
Cash Advantage MasterCard
Canadian Tire Options MasterCard
Head office address:
3475 Superior Court
Oakville, ON L6L 0C6
Canada
Phone number: 1 866 681 2837
Website: www.ctfs.com
P.O. Box 3000
Welland, Ontario
Canada, L3B 5S5