Does Canadian Tire Money Expire?
In today’s consumer-driven world, loyalty programs have become a common way for businesses to retain customers. Canadian Tire, one of Canada’s largest retailers, offers its customers the opportunity to earn and redeem Canadian Tire Money, a form of loyalty currency. However, many customers often wonder, “Does Canadian Tire Money expire?” This article aims to provide a comprehensive answer to this question and help you understand the terms and conditions surrounding the validity of Canadian Tire Money.
Understanding Canadian Tire Money
Canadian Tire Money is a rewards program that allows customers to earn points on eligible purchases. These points can be redeemed for discounts on future purchases at Canadian Tire locations or online. When customers make qualifying purchases, they earn 1 point for every dollar spent, with some exceptions for specific items or categories.
Expiry of Canadian Tire Money
Yes, Canadian Tire Money does expire. The expiry policy for Canadian Tire Money is as follows:
– Points earned on purchases are valid for 36 months from the date of purchase.
– Any points that have not been redeemed within 36 months will expire and be removed from the customer’s account.
– There is no expiration for points that are earned through special promotions or offers, as long as the promotion itself is still active.
Exceptions and Special Cases
While the general rule is that points expire after 36 months, there are a few exceptions and special cases to keep in mind:
– Points earned through the “Everyday Low Price Promise” promotion have a different expiry period, which is determined by the terms of the specific promotion.
– Points earned through the “Biggest Points Day” promotion are valid for a shorter period, typically 90 days from the date of the promotion.
– If a customer’s account is inactive for a period of 12 months, any accumulated points may be subject to a $5 monthly service fee, which will be deducted from the points balance until the balance reaches zero.
Preventing Points from Expiring
To prevent your Canadian Tire Money points from expiring, it’s important to keep an eye on your account balance and use your points before they expire. Here are a few tips to help you manage your points effectively:
– Check your account regularly to see how many points you have and how many are about to expire.
– Plan your purchases to ensure you use your points before they expire.
– Keep track of any special promotions or offers that may allow you to earn additional points or extend the validity of your points.
In conclusion, while Canadian Tire Money does expire after 36 months, there are ways to manage your points and ensure that you don’t lose them. By staying informed and proactive, you can make the most of your Canadian Tire Money rewards and enjoy the benefits of the loyalty program.
