Canadian Tire Financial Services

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Canadian Tire Financial Services is the credit arm of Canadian Tire. They are primarily around to issue the Canadian Tire Options MasterCard, although they also offer insurance, and a line of credit.

The Mastercard offers cash back on purchases made to the equivalent of a 1% discount on purchases on the card, returned as "Canadian Tire money on-the-card".

History

CTFS began in 1961 as Midland Shoppers Credit Limited, a small company offering third-party credit services. During this time, many Canadian Tire stores in Ontario signed on to their program. In 1968, the company was bought out by Canadian Tire and re-named to Canadian Tire Acceptance Limited. In 1995, they began issuing a MasterCard, becoming a non-deposit taking, financial institution.

In 2002 the name was changed to Canadian Tire Financial Services when CTFS became a bank.

Now CTFS provides a number of services no longer just dealing with credit cards but also has expanded to house several different departements including CCR (corporate customer relations) and Canadian Tire's roadside assistance devision, it is also home to CTFS most recent addition Canadian tire online Canadian Tire.

External link

http://www.ctfs.com/

Commercial banks in Canada
Alberta Treasury Branches \| Bank of Montreal \| BDC \| CIBC \| CTFS \| Canadian Western Bank \| Citibank Canada \| Citizens Bank of Canada \| First Nations \| HSBC Bank Canada \| Laurentian Bank \| Manulife \| National Bank \| President's Choice Financial \| RBC \| Scotiabank \| TD Canada Trust

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