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Credit Card News

RCMP Warns of New Credit Card Scam

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Thanks to the BC Consumer Protection Agency and the RCMP which just published the following Credit Card Scam Alert: An overview of the scam You get a call from someone who identifies him or herself as working in the security and fraud department at your credit card company. They’ve supposedly flagged your account due to unusual purchase activity and are ... Read More »

Will TD win the Aeroplan Sweepstakes?

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MONTREAL — Aimia, the parent company of Aeroplan, is prepared to terminate its relationship with CIBC if CIBC does not match contractual terms offered by TD Bank. CIBC has until August 9th to match TD’s terms. A switch would mark the end of a long standing relationship between CIBC and Aeroplan. The market has known for quite a while that ... Read More »

Aeroplan to have new product line-up, improved economics for Aimia

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Additional details are surfacing around terms of the deal between TD and Aimia, including how the new product line-up might change. As reported by CNW: Features of New Credit Card Offerings New Aeroplan co-branded financial credit cards, to be launched in 2014, will provide cardholders with more flexible options, better earn rates and new recognition features; all of which is ... Read More »

Are CIBC and Aeroplan preparing for divorce?

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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?

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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

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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!

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“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

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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 »