Two of CIBC’s retail co-branded credit cards are being discontinued. The CIBC Petro-Points MasterCard Card and CIBC TELUS Rewards Visa Card. It is always disappointing to see credit cards being discontinued, as it decreases the competition in the market.
This is a continuation of the Walmart watch (Walmart Continues to Drop Visa at More of Their Stores, Walmart to Stop Accepting Visa in Canada)
The latest in the battle is Visa credit card offering the people of the province of Manitoba a $10 in free groceries if they don’t shop at Walmart.
CIBC is offering several promotions at the same time, but this time with an unfortunate catch. I reviewed the wording on several of its credit cards. This is the trend that I noticed. If it is a promotional offer, you will find this term:
As you already know, I love saving money, so Walmart is definitely one of the stores that I frequently go to. I know a group of people do not like supporting big box stores. But to win the miles and points game, you have to be attracted to the best deal.
I have been ranking the overall credit card portfolios of each financial institutions. However, I think it may be worthwhile to rank business credit card portfolios only. As I have been collecting my own batch of business credit cards, this will be helpful for me too.
This is a fairly common question and quite understandable. And you may have noticed that my answer has always been, it depends. It depends on what your spending habits are. Which is why if you ask 10 different people, changes are, you will get 10 different answers. The truth really is that it will vary from person to person, because of 2 main factors:”
ICICI Bank is headquartered in India, but operates in Canada as well. They are generally known for higher interest savings accounts, but they also offer an interesting cash back credit card called the: Rubyx Visa Platinum, which is worth a second look. Below are the highlights of this credit card:
Another month, another list of higher than normal credit card sign up bonus promotions. As we close out the year, it does seem like we may be closing out the year strong, granted many of the current offers expire at the end of the month. This year has been a great overall year for credit card sign up bonuses, even though we’ve been seeing record high profits from the major banks.
WestJet Rewards is offering an interested fast track option that will allow you to qualify for flight benefits received by its Silver or Gold elite status members. If you qualify now, you will receive the benefits until December 31, 2017. You will have to book all your flights between October 3, 2016 and December 18, 2016.
A reader asked me last time, what the purpose was of this ranking. Basically, you do what you want with the list, take it for what it is. As a consumer, this list can give you an idea on where to shift your business. For example, if you want to see some of the smaller companies survive and thrive, you will know where to move your business.