As if their credit card was not competitive enough, in terms of benefits, they are denying a Winnipeg couple reimbursements of $6,600 in fraudulent charges.
Basically, the couple was in Mexico, and their credit card and PIN were stolen. The PIN was probably stolen through a hidden pinhole camera at an ATM.
It has been exactly 6 months since the last time I updated this list. The reason is because there has been very little movement until the past two months, where there were quite a few changes in the credit card industry that warrants an update to the rankings. Last year was a strong year for credit cards, so I assumed that 2017 would be a slow down year anyway. Unfortunately, most of the changes so far to the industry have been negative. Companies that moved down the list is because of a negative change. The ones that moved up is due to the downfall of the other companies.
I have written posts ranking each financial institution, but I thought it would be fun to write a post listing the top credit card of each financial institution. I have listed the credit cards based on the most recent financial institution rankings….
It has been a dispute for months, Walmart getting ready to stop accepting Visa credit cards at their stores in Canada. They already stopped in city of Thunder Bay and the entire province of Manitoba.
A few changes to the credit card industry, as well as a new addition warrants an update to this list. Below is the explanation of each grouping:
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.
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.
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.
It has been a few months since I last updated this list. The reason is because there was no significant shift in the industry until now.
I decided to change up my classifications a little bit. I’ve split up the credit card companies into 4 groupings:
It has been reported that Walmart Canada will stop accepting Visa credit cards. The phase out will start in Thunder Bay, Ontario on July 18, 2016 and then it will roll-out to the rest of the country.