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Credit Card News

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

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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

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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?

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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 »

Chief Justice Roberts Hit By Credit Card Fraud

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A warning that credit card fraud does not discriminate, even the Chief Justice of the United States, John Roberts, has been a victim of credit card fraud, a Supreme Court spokeswoman said on Thursday. Roberts’ credit card problem was first reported by the Washington Post in a story that said the chief justice was heard talking about it in a ... Read More »

Senator Seeks to Limit Credit Card Fees

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A New Brunswick senator has tabled a bill proposing new legislation to limit Canadian credit card fees. Liberal Senator Pierrette Ringuette, of Edmundston, says Visa and MasterCard charge Canadian merchants some of the highest fees in the world on credit card transactions. She has been pushing for changes for years and tabled Bill S-215 on Tuesday. Senator Pierrette Ringuette is expected to present her ... Read More »

RBC Axes Expiry Date on Pre-paid Cards

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Canada’s largest bank has dropped expiry dates and most of the fees on its pre-paid Visa cards. The move by RBC Royal Bank comes four weeks after Finance Minister Jim Flaherty announced plans to introduce new rules for prepaid cards. RBC says it will continue to charge a one-time flat fee of $3.95 to issue the prepaid card but all ... Read More »