Ideal for all your daily travel needs, electric bikes are quiet, pollution-free, and have been getting more and more popular—and for good reason: they offer the pleasure of pedaling, while leaving open the option of riding sweat-free when you want it.
Electric bikes, also known as power-assisted bikes, give you the additional ease of getting up to cruising speed more quickly and climbing slopes more easily. You can cover greater distances without tiring out, and arrive at the office without being drenched in sweat. Integrating cycling into your daily life is now within everybody’s reach, whatever their fitness level or the distance they ride.
Electric bikes: who are they for?
Electric bikes are one of those revolutions that improve everybody’s experience in different ways.
Cyclists can use them in their daily commute to work and avoid traffic, pollution and perspiration. Those who like to take longer rides can go further, faster, and even choose to take on hillier trips.
If your physical fitness level makes regular riding difficult and tiring, a power-assisted bike can give you a boost and enable you to get around more actively—while respecting your pace.
And if you ride with cyclists at different skill levels, as a family for example, the electric bike allows you to all ride at the same speed, while respecting the strengths of each cyclist. It’s suddenly a lot easier to tow the kids in a trailer, too!
When you choose to get around by electric bicycle instead of a gas-powered car or scooter, you’re helping to reduce air pollution. Electric bikes also need very little electricity to charge up.
The difference between power-assisted bikes and classic bicycles is the small electric motor on the cross bar, which helps you to pedal without actually replacing the need to pedal. How? When you pedal, you activate the motor, which in turn assists you. Most batteries are easy to charge at home with a USB cable. Portable battery packs are also available.
How to choose the right electric bike for you
Every kind of bike is now available with an electric option, so there’s one for every taste and use. From e-bikes for getting around town, to racing bikes for athletes and mountain bikes for outdoorsy types, there’s something to satisfy every cyclist and meet their riding goals and needs. Check out our cycle guide to learn which type of bike is best for you.
How much does an electric bike cost?
Just as with regular bicycles, the price for an electric bike varies enormously depending on the type of bike and its quality, as well as the battery’s range. You can find them at prices between $1,000 and $10,000. When it comes down to it, how you’ll be using your bike will determine how much you should spend.
Once you’ve chosen the type of bike and its level of quality, consider the battery capacity. If you use your bike mainly to travel short distances (like to work), you can go with a shorter battery range. If you like to go for long treks or cover lots of road, you’ll want a battery with a longer range.
Forget the stereotype of the out-of-shape rider cruising along the bike path on an e-bike. Today, electric bikes ride like the wind, and active people love them for maintaining a healthy lifestyle while respecting the environment.
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*Financing available is "Equal payments, no interest" for 12 months (unless otherwise stated) and is only available on request, on approved credit and on purchases of $200 or more (excluding gift cards) made with your TriangleTM Mastercard®, TriangleTM World Mastercard® and TriangleTM World Elite Mastercard® at Canadian Tire, Sport Chek, Atmosphere, Mark’s/L’Équipeur and participating Sports Experts stores and at Sports Rousseau, Hockey Experts, L’Entrepôt du Hockey stores. Interest does not accrue during the period of the plan. However, if we do not receive the full minimum due on a statement within 59 days of the date of that statement, or any event of default (other than a payment default) occurs under your Cardmember Agreement, all special payment plans on your account will terminate and (i) you will then be charged interest on the balances outstanding on such plans at the applicable regular annual rate from the day after the date of your next statement, and (ii) the balances outstanding will form part of the balance due on that statement. There is no administration fee charged for entering into a special payments plan. Each month during an equal payments plan you are required to pay in full by the due date that month’s equal payments plan instalment. Any unpaid portion not received by the due date will no longer form part of the equal payments plan and interest will accrue on that amount from the day after the date of your next statement at the applicable regular annual rate. Offer subject to change without notice.
Additional information for residents of Quebec only: The regular annual rate for persons applying for the Triangle Mastercard and Triangle World Elite Mastercard is 22.99% for cash transactions and related fees and 19.99% for all other charges. Some applicants may receive a higher or lower regular annual rate depending on a credit evaluation. The minimum payment is the sum of (a) the greater of: (i) interest and fees shown on your statement + $10; or (ii) 5% of the New Balance, excluding amounts on special payment plans, (b) any balance over your credit limit, (c) any amounts past due not included in (b) above, and (d) the amount of any equal payments plan instalments then due. Balances under $10 are due in full. For accounts opened prior to June 13, 2019 the rate of 5% will start at 2% and increase by 0.5% each August 1st until it reaches 5%. For residents of Quebec, the period between the statement date and the due date for payment is 26 days. The billing period covered by each statement can be from 28-33 days. The Triangle Mastercard and Triangle World Elite Mastercard does not have an annual fee. Examples of borrowing costs (rounded to the nearest cent) assuming that all charges are purchases bearing interest at the regular annual rate of 19.99%, a 30 day month, no charges made on special payment plans and no other fees, additional payments or other changes are:
If your average balance is: | $ 100 | $ 500 | $ 1000 | $ 2000 |
Total monthly credit charges will be: | $1.64 | $8.22 | $16.43 | $32.86 |
ƒ Additional Information for the Triangle Mastercard:
Annual Interest Rate(s): All charges to your account (excluding cash transactions and related fees) - 19.99%.
Cash Transactions (for example: cash advances, balance transfers, convenience cheques, money transfers, purchase of travellers cheques and gambling transactions) and related fees 22.99%.
If you are not approved for a card at the above rates, Canadian Tire Bank may still issue you a card at an annual interest rate of - 25.99% for all charges (excluding cash transactions and related fees) and 27.99% for cash transactions and related fees.
Foreign Exchange Conversion: All transactions made in a foreign currency will be converted to Canadian currency at the then current Mastercard conversion rate plus 2.5% (for charges to your account) or minus 2.5% (for credits to your account) when the transaction is posted to your account.
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Other Fees: Cash Advance Fee: $4 - Charged when the transaction is posted to your account.
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