Credit Cards

CIBC Petro-Points MC will be replaced with Dividend (Platinum) Visa

  • Last Updated:
  • Jun 6th, 2020 1:00 pm
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234 replies
Sr. Member
Jul 28, 2012
995 posts
409 upvotes
Montreal
Funny thing is you can still go to the online application page via Petro Canada's website and clicking on "Apply at CIBC now"
http://retail.petro-canada.ca/en/credit ... d-MoreCIBC

Evidently, the application might be denied or you might get a call back from CIBC saying that they no longer offer this product.
Deal Addict
Dec 12, 2009
4353 posts
2013 upvotes
Toronto
VanRed wrote: Not fully related but interesting point: http://www.greedyrates.ca/blog/root-vis ... rt-canada/
Interesting article. It has changed my opinion on the Visa - Walmart issue in favour of Walmart. What they fail to mention is that the majority of merchant agreements prohibit the merchant from offering discounts for using cash/debit.
As a small business with high value services, the 1.5% fees (actually more for my industry) along with all the other fees is cost prohibitive. In essence those free trips or whatever are coming out of my back pocket. I don't accept credit cards.

OTOH if the fees were capped at 0.3% one could essentially eliminate the costs with maintaining an A/R by eliminating it entirely. This would be much more in line with what the banks are already charging commercial customers for depositing cheques and or cash with their per item fees.

As a consumer, given the ever changing ability to track or cash in your rewards I'm giving up on them. Air miles = poof your rewards vanish into thin air. Cash back? Would it not be better to just pay 2% less? For many that would be 2% less on their revolving balances @ 12-24% interest.
Social Distancing means staying apart 2 meters or 6 feet, the depth of a grave.
Get closer and you might have one foot in the grave. (Pass it on)
Deal Addict
User avatar
Nov 10, 2005
2023 posts
308 upvotes
Ottawa
Damn... I actually use this one...
RFD 15 73H 1337
Deal Addict
User avatar
Nov 10, 2005
2023 posts
308 upvotes
Ottawa
angel_wing0 wrote:
CollegeGraduate wrote: Is this a card to be missed?
not really.
What's your best guess that CIBC will offer instead? Probably one of their awful cash-back cards... or something.
RFD 15 73H 1337
Member
Apr 27, 2015
211 posts
122 upvotes
Toronto, ON
I understand it is no longer being offered, but will i still get my $0.02 off whenever i use this at Petro Canada?
Deal Addict
User avatar
Nov 10, 2005
2023 posts
308 upvotes
Ottawa
angel_wing0 wrote:
nkit88 wrote: I understand it is no longer being offered, but will i still get my $0.02 off whenever i use this at Petro Canada?
It's likely grandfathered so it wont affect ppl who already has it.
They'll probably let it age out... wait until everyone's cards expire and then offer to switch products.
RFD 15 73H 1337
Sr. Member
Jul 28, 2012
995 posts
409 upvotes
Montreal
There's also the possibility that the agreement between Petro Canada and Citibank (later assigned to CIBC) is expiring.

If that's the case, Petro Canada might partner with another bank for their cobranded credit card program (or stop offering personal credit cards altogether).
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User avatar
May 11, 2014
4081 posts
4396 upvotes
Iqaluit, NU
Actually, one possibility is that Petro-Canada might try to make a new credit card in-house. They just started with their PIVOT prepaid VISA card. It could be quite possible Petro-Canada is trying to move everything in-house.

http://retail.petro-canada.ca/en/credit ... -visa.aspx
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