Category: News

Chase Bank Erases Credit Card Debt for All Its Canadian Credit Cardholders

Posted August 14, 2019 by cccadmin in News

Usually credit card stories are about new fees, reduced rewards or higher interest rates. I’m happy to say we have a good news story this time.

Imagine getting a letter in the mail from your credit card company saying that all your credit card debt is forgiven. Does this seem too good to be true? Well, it’s not. It actually happened in Canada. Let’s take a look at this unbelievable story, why it happened and why you shouldn’t rely on your credit card doing the same thing.

Could the Apple Credit Card Be Launching in Canada?

Posted July 22, 2019 by CCC Staff in News

Could the Apple credit card be launching sometime in Canada? That’s the speculation after Apple Inc. filed a couple Canadian applications for trademark.

Apple filed a trademark request for Apple Card, its consumer credit card, and Apple Cash, its money transferring feature. Both applications were filed with the Canadian Intellectual Property Office (CIPO) on July 15. Here are application listings for Apple Card and Card with Apple Logo.

Higher Credit Card Minimum Payments are on the Way in Quebec

Posted July 11, 2019 by CCC Staff in Credit Card Tips, News

If you’re a credit card holder in Quebec, there are some important changes coming your way you’ll want to be aware of. The minimum payment on credit cards is increasing. Even if you’re someone who doesn’t just pay the minimum payment, you’ll want to understand the changes. Here’s what you need to know.

Pre-Paid Card Class Action Lawsuit

Posted May 9, 2019 by cccadmin in News

Pre-paid cards are pretty popular these days. If you’re like most Canadians, you’ve probably received one as a gift. While pre-paid cards can be a nice stocking stuffer around the holidays or a gift for your adult child who is going away to university, they aren’t without their controversy. Pre-paid cards often come with their fair share of fees that can eat away at the balance. The fees have led to a class action lawsuit being filed in B.C.

The Elaborate Gift Card Credit Card Scam

Posted May 2, 2019 by cccadmin in News

The scammers are at it again. It’s an ongoing game of cat and mouse between the authorities and scammers. Once the authorities catch on to a scam, the scammers change their strategy. It’s important for credit cardholders to protect themselves, as scams are always evolving.

The latest such scam occurred to a woman in Calgary. When she received a phone call one day out of the blue, she thought she was helping Mastercard track down the thieves who supposedly stole her credit card, when she in fact she ended up helping out the scammers.

Is the New Apple Credit Card a Game Changer?

Posted April 2, 2019 by CCC Staff in News

From the iMac to the iPod to the iPhone, Apple has a reputation for mic drop moments. At its latest product launch on March 25th, Apple announced Apple Card – a Mastercard credit card backed by Goldman Sachs. Does this have the potential to shake up the credit card industry the way Airbnb shook up the hotel industry?

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