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Credit Card News

Ontario Bill To Protect Rewards Points Passes Second Reading

Protecting rewards Points Act

The Protecting Rewards Points Act (Consumer Protection Amendment), tabled by Ontario MPP Arthur Potts, passed its second reading on Thursday, October 27th. In a seeming reaction to the Air Miles decision to automatically expire Collector points after 5 years, Bill 47 proposes to amend Ontario’s Consumer Protection Act of 2002, so that companies can no longer expire consumer rewards points. The ... Read More »

Scotiabank Makes Changes To Credit Card Rewards and Insurance Programs

Changes to Scotia Rewards Program

Scotiabank is making several changes to its Scotia Rewards, credit card and credit card insurance programs. Most of the changes to the Scotia Rewards program will take effect November 7th, 2016, while the changes to its creditor insurance program will take effect December 12, 2016. Most of the changes seem to be improvements, although we did identify one incremental cost. Changes to ... Read More »

WestJet World Elite MasterCard Top Tier Status Promotion!

WestJet Top Tier Status Promotion

From October 3rd through December 18th, 2016, WestJet is launching a top tier status promotion for WestJet World Elite MasterCard cardholders. WestJet has announced that WestJet World Elite cardholders will be able to achieve Silver or Gold Status if they spend a minimum amount on WestJet flights during the promotional period. WestJet World Elite cardholders need to spend $1,000 on ... Read More »

Marriott Rewards and Starwood SPG Now Linked With Point Transfers

how merger will affect marriott starwood points

Marriott International, Inc. has concluded its acquisition of Starwood Hotels & Resorts Worldwide, adding 30 brands to its worldwide portfolio. The acquisition creates the world’s largest hotel company and for Canada specifically, there are now 211 hotels under the Marriott umbrella across the country. The acquisition adds to Marriott’s Canadian portfolio the Ritz, Sheraton, Westin, W Hotels, Le Méridien, Aloft and ... Read More »

Class Action Launched Against LoyaltyOne – Lessons Learned

air miles class action lawsuit

A class action lawsuit has been filed for certification against LoyaltyOne, owners of the Air Miles loyalty program. On Dec 31, 2011, Air Miles announced that all points accumulated prior to that time, would expire within 5 years, at Dec 31, 2016. Moreover, all points accumulated thereafter, would also automatically expire 5 years after they were accumulated. According to the ... Read More »

WalMart Canada Extends Visa Ban To Manitoba – Good For Consumers?

walmart canada visa manitoba credit card fees

Walmart Canada announced that if Visa does not lower its interchange rates, it will no longer accept Visa credit cards in 16 of its stores in Winnipeg starting October 24th, 2016. Walmart has already stopped accepting Visa credit cards in 3 of its stores in Thunder Bay, Ontario. A spokesman for Walmart said “unfortunately Visa has not been willing to provide ... Read More »

Why Air Miles’ Expiration Policy Is Wrong

Air Miles Expiration

By now, most Canadians have read about the impending expiration of Air Miles rewards on December 31, 2016 and the flack Air Miles has received for making it difficult for customers to redeem their points as the expiry date approaches. Bad things happen when finance runs a consumer marketing company. This is a great case study. We clearly respect the ... Read More »

Is Walmart Canada Willing to See Its Fight With Visa Through To The End?

visa versus walmart canada

The ever so public negotiation between Walmart Canada and Visa is getting even more public and vicious. In response to Walmart’s press release announcing Walmart will terminate its relationship with Visa, Visa issued an open letter stating that Walmart “is unfairly dragging millions of Canadian consumers into the middle of a business disagreement that can and should be resolved between our ... Read More »

The Shot Heard ‘Round The World: Walmart Tentatively Terminates Visa Canada

walmart terminates visa canada

Buried in a press release this weekend, Walmart Canada announced it “will no longer accept Visa in our stores across Canada.” Walmart’s stated reason is that it has “concluded the fees applied to Visa credit card purchases remain unacceptably high.” That’s a very public war between two corporate behemoths. However, there is reason to believe that Walmart’s decision is not final, ... Read More »