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Credit Card News

Hilton, Starwood, Trump Hotels Hit By Credit Card Breach

Hilton Hotel Credit Card Breach

Within a few days of each other, Starwood, Hilton and Trump Hotels acknowledged credit card numbers, expiration dates and security codes were stolen from their point-of-sale systems. Hackers apparently were able to breach each of the hotels systems and load malware, giving them access to the credit card information. Canadian credit cards may have been impacted as well. While Hilton ... Read More »

New Uber Customers Get 100 Bonus AIR MILES

Uber Air Miles Rewards

Continuing its ever expanding growth in Canada, ride hailing company Uber has partnered with AIR MILES, Canada’s largest coalition loyalty program, with over 10.4 million members. AIR MILES members, will earn 100 miles when they sign-up as first time Uber riders. New riders will have to enter the promo code AIR MILES when enrolling in Uber. Jean-Christophe De Le Rue, ... Read More »

Scotia Acquires Sears Canada Credit Card Portfolio From Chase

sears scotia credit cards

In another shake-up to the Canadian credit card industry, Scotia has acquired the Sears Canada MasterCard and private label credit card portfolios from Chase Canada. The acquisition includes approximately $1.7 billion in credit card loan receivables and 2 million accounts. Scotia will also acquire some of Chase Canada’s credit card operations, as part of the agreement. It will not be ... Read More »

Tangerine Shakes The Tree – Launches New Canadian Credit Card

tangerine money-back credit card

Tangerine, Scotia’s online bank, has announced the launch of its new Tangerine Money Back credit card. It is now available to the general public, and it’s shaking up the landscape! The card offers an extremely innovative and competitive cash back program. There is no annual fee and it offers money-back rewards that are deposited automatically into a savings account or against ... Read More »

Scotia Launches New GM VISA Credit Card in Canada

Scotia GM Credit Card

Scotia Bank and GM have partnered to offer a new no annual fee co-branded credit card with a very rich rewards program. The program has already launched, and will offer cardholders a robust 5% in GM earnings on the first $5,000 spent on the card, and 2% thereafter. TD used to partner with GM, but the program was terminated shortly after ... Read More »

Scene Devalues Its Points – Make The Most of It.

Scene changes

As most of the country has already heard, the ever so popular Scene Rewards program is changing the way members can earn and redeem some, not all, Scene points. Despite the disapointment, we have a few tips to make the most of the situation. First, we want to make clear the change does not impact redemptions on general admission tickets. ... Read More »

Canadians Take On Record Levels of Debt, Save Less, But Remain Optimistic

BMO Canadian Consumer Debt Report

According to BMO’s recent report on Canadian consumer indebtedness, 80% of Canadians are in debt, owing on average of $93,000. According to Equifax, in an earlier report, Canadian consumer debt excluding mortgages averages $20,910. While consumer debt levels are rising, BMO’s research indicated Canadians are less stressed – a sign of their confidence in their ability to repay. Confirming sentiment, ... Read More »

Capital One Canada and Delta End Credit Card Partnership

delta capital one canada

Change continues in the Canadian credit card landscape. In the last few years we’ve seen TD acquire the Aeroplan credit card program, CapOne win the Costco deal, RBC take on Shoppers DrugMart, Scotia buy into Canadian Tire, Target disappear, and who knows what’s going to happen to Sears Canada’s program with Chase. Now we’re seeing the much smaller Capital One ... Read More »

Credit Cards Are The Favourite Payment Method of Canadians

TSYS Canada

TSYS announced the results of its 2015 Canadian Consumer Payment Choice Study. The online survey of over 1,200 Canadians, found that when given a choice, 46 percent of Canadian consumers prefer to pay using their credit cards. That’s a 34% increase over 2014. “Consumers have more payment options than ever before due to the continuing proliferation of new technology and ... Read More »

A Sex Pistols Credit Card. Really?

They fought against the establishment and mocked consumerism, and now the Sex Pistols have officially declared the end of Punk. With the launch of a new series of Sex Pistols credit cards in the U.K. in partnership with Virgin Money, it’s clear Punk is dead and so is its message. “It’s time for consumers to put a little bit of ... Read More »