Tim Hortons to stop collecting points on credit card program as of October - BERITAJA

Tim Hortons says it is shutting down the in installments paper programme it launched 3 years agone arsenic the institution looks to “new ways to bring worth to Canadians.”

The institution says successful an emailed update to customers that the program, powered by Neo Financial, will unopen down Oct. 1.

The email says cards will still activity aft Oct. 1, but will beryllium managed by Neo Financial and transactions won’t gain Tims Rewards Points.

Tim Hortons says eligible customers could take to upgrade to a Neo Financial Mastercard that includes cashback.

The institution launched the in installments paper programme successful June 2023, successful a move it said would entreaty to millions of Canadians seeking “better and accessible financial products.”

It wasn’t the java and doughnut chain’s first foray into the money game, arsenic it collaborated pinch CIBC successful 2014 connected the “Double Double Visa Card,” which was discontinued successful 2019.