The coffee and doughnut chain has partnered with CIBC for the “Double Double Visa Card,” which includes physical buttons built into the plastic.
Cardholders can press one of two options on the face of the card — a button that accesses their Visa account or another that lets users redeem loyalty points for products at the company’s restaurants.
Each button has a coloured light that illuminates when the user activates one of the options on the card.
While credit cards with buttons aren’t new, this is a first for Canada.
The CIBC and Tim Hortons card allows users to earn points on purchases they charge to their no annual fee Visa card, collecting a cent on every dollar in Tims Cash rewards, the companies said.
Features of the Tim Hortons Double-Double Visa:
- Earn 1% back in Tim Cash every time you shop using your CIBC Visa credit card for purchases
- No waiting period! Your Tim Cash is automatically and instantly loaded onto your Tim Card balance after you make an eligible purchase
- The more you spend the more you will earn! Rewards include: $20 in Tim Cash one time welcome bonus after your first $200 in CIBC Visa purchases, earn a free Timbit 50 pack for every 50 CIBC Visa purchases & earn a free baked good when you make 5 purchases on your Tm Card and 5 CIBC Visa purchases per month.
I think the 1% cash back is pretty low so I suggest other no-fee credit cards if you are looking for a credit card. The MBNA Smart card has more than 1% cash back (includes 5% cash back on gas and groceries the first 6 months) and it also has no-annual fee.