Canadian Tire Electronic "Money" Will Have an Expiration Date

The retailer made the announcement in an email titled Update of the modalities sent on July 1 to Quebec participants in its loyalty program, which is regularly presented as the first of its kind in the country.

Canadian Tire mentions that its e-money […] will expire if there has been a consecutive inactivity period of at least 18 months.

The company states that obtaining and exchanging Canadian Tire "money" will generate an activity in the client's account.

The change will take effect on December 1st. <q data-attributes = "{" lang ": {" value ":" fr "," label ":" French "}," value ": {" html ":" This means that any account without accumulation or exchange of Silver CT since June 1st2018 may be subject to expiration "," text ":" This means that any account without accumulation or exchange of CT Money since June 1, 2013 may be subject to expiration "}}" lang = "en">This means that any account without accumulation or exchange of CT Money since June 1, 2018 may be subject to expiry, notes the retailer.

On its website, Canadian Tire states that it will send a notice, at least one month before the expiry, to its customers who are members of the program and who provided their email.

More than $ 1 billion of Canadian Tire "money" has been in circulation since the program was launched in 1958, according to the company, which calls the currency "Canada's second currency".

In the fall of 2014, Canadian Tire launched its program My Canadian Tire Money in order, said the company, to take advantage of the "best qualities" of its paper money and a digital rewards program. The program has been renamed Triangle Rewards in the spring of 2018.