Co-branded credit cards are quite popular these days. It seems hardly a month goes by without there being a new co-branded credit card released. Companies aren’t just releasing co-branded credit cards out of the goodness of their heart. No, they have some ulterior motives. They’re hoping to build brand loyalty and gain better consumer data, among other things.
In a move that few saw coming, Air Canada is teaming up with three financial service giants to attempt to buy back the loyalty program that it created, Aeroplan.
The announcement of the attempted acquisition comes on the heels of Aeroplan announcing a number of program changes post June 2020, when Air Canada and it were supposed to split up.
Vancouver is one step closer to modernizing its public transit system. To paraphrase U.S. astronaut Neil Armstrong when he first landed on the moon, this is one small step for Vancouver transit riders and one giant leap for transit riders across Canada. Vancouver transit announced earlier this year that its Compass system would start accepting credit cards and smartphone payment.
A new phone credit card scam is making the rounds. It’s happening in Windsor, Ontario, targeting business owners. The Windsor police say that they’ve seen an uptick in complaints related to fraudulent credit card use. The common element in all these crimes is that the business accepts a credit card number, provides the good to the customer and later finds out the credit card information provided is fake.
It seems hardly a week goes by without a data breach of some sort. Some data breaches are more high-profile than others like the Home Depot credit card breach and more recently the Equifax data breach, but they’re data breaches nonetheless.
If you’re like most Canadians these days, you’ll choose your credit card mainly based on the perks offered. It’s easy to fall in love with credit cards with big sign-up bonuses, reward points, and cash back multipliers. You may know all the benefits the card offers, but you probably don’t know everything about the credit card’s terms and conditions. While you might have skipped the information boxes when you applied, you’ll receive a cardholder agreement upon approval.
