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Credit Card News

Are CIBC and Aeroplan preparing for divorce?


On Thursday, May 30, CIBC President and CEO Gerry McCaughey said during a conference call that CIBC is preparing for  alternative options in case it decides not to renew its Aeroplan credit card agreement with Aimia, which is set to expire at the end of the year. “While the launch of the alternative card would result in short-term costs for ... Read More »

New Credit Card Rewards Model. Blueprint for Canada?


It’s time for Canadians Banks to reward Credit Card customers differently, and we think we’ve found a geat model. Citibank Hong Kong has launched a global credit card known as the Citi Prestige Card, offering cardholders Rewards based on the depth and tenure of their banking or credit card relationship with the bank. Cardholders can earn an extra 30% in ... Read More »

CardHub.com Releases Q1 2013 Credit Card Landscape Report


WASHINGTON, April 17, 2013 /PRNewswire-iReach/ — Industry competition and consumer preferences have sparked a resurgence for 0% credit card offers and initial rewards bonuses, while putting downward pressure on certain pesky fees. However, whether or not a given consumer is able to benefit from such trends depends on their credit standing, as you’ll see in more detail below.  (Logo: http://photos.prnewswire.com/prnh/20130417/CG96217) ... Read More »

Mastercard Sends You and 5 Friends To The Memorial Cup in a Private Rail Car!


“Like” the official MasterCard® Canada page on Facebook (www.facebook.com/mastercardcanada) to gain access to the “MasterCard Memorial Cup Express” contest. Enter for a chance to win a trip for you and 5 friends to the MasterCard Memorial Cup Final in Saskatoon. Enjoy transportation to and from the event aboard the VIA Rail Express in a private car. No purchase necessary. Contest begins ... Read More »

Police Bust Fake Canadian Credit Card Factory


A credit, debit and identity manufacturing lab was seized, along with weapons, $5,000 cash, drugs a machete, stolen televisions and laptops. Police had warrants for four homes and two commercial facilities, where the equipment was found. The lab had plastics, chips and identities to make perfect replicas. The lesson to be learned according to the Economic Crimes Unit – keep your ... Read More »

PayPal Partnership With Discover Launches April 19th – Coming to a store near you


PayPal’s partnership with Discover Financial Services officially kicks-off April 19th.Roll-out will include PayPal’s acceptance across Discover’s network of more than 2 million retail merchants. An early test with Home Depot, offering customers the option to pay with their PayPal account, did not show significant interest among customers. While this will be the new frontier among the battle between the incumbents ... Read More »

Canada’s Lowest Credit Card Interest Rates


Lowest Credit Card Interest Rates in Canada Week of April 8th, 2013: Balance Transfer Rates Credit Card Rate  Period Annual Fee MBNA Platinum Plus 0% 12 Months $0 Scotia Value Visa 0.99% 6 Months $29 Scotia No Fee Value Visa 1.99% 6 Months $0 Low Long Term Fixed Rates Credit Card Rate  Annual Fee   MBNA True Line 9.99% $0 ... Read More »

New Credit Card Charges Looming?


The Consumers’ Association of Canada warned Tuesday that the cost of credit cards could increase by as much as 10% at the cash, if retailers get their way. The association says that could be the outcome of a pending ruling from Canada’s competition tribunal, which is judging a case against Visa and MasterCard that was launched in 2010. Says the ... Read More »