TORONTO, Canada – Tim Hortons is proud to introduce the new Tims Credit Card from Tims Financial, a division of the company established to give Canadians convenient and powerful financial tools to manage their everyday finances. The Tims Credit Card is a Mastercard, powered by Neo Financial.
It has no annual fee1 and earns Tims Rewards Points everywhere you shop2, with up to 5 points per dollar on most gas, groceries and transit purchases, and up to 15 points per dollar when you use the card on eligible purchases at a Tim Hortons restaurant and scan for Tims Rewards. This means faster access to more free coffee, beverages and food at Tim Hortons restaurants.
“With almost five million Canadians actively using our Tim Hortons app every month, it became obvious that we could offer our most loyal guests a way to earn Tims Rewards Points even faster with everyday spending and higher points on most gas, grocery and transit purchases5,” said Markus Sturm, Senior Vice President of Digital, Loyalty and Consumer Goods at Tim Hortons.
The Tims Credit Card can be applied for, approved and managed entirely through the Tim Hortons app on your phone.
There will also be a version of the Tims Credit Card offered to Canadian residents who have limited or no credit history – like students and newcomers – that will earn Tims Rewards Points and can help build their credit4.
“We have designed the most attractive credit card for Canadians that love Tim Hortons and want the opportunity to earn even more free coffee, beverages and food. We believe this is an exciting new financial option for millions of Canadians, including newcomers and students who are looking to build their credit history,” added Sturm.
Sign up for the waitlist at timsfinancial.ca and be one of the first to know when the Tims Credit Card becomes available in the coming months.
1 The Purchase Credit Rate on the Tims® Credit Card is 20.99%-25.99% and the Cash Advance Rate is 22.99%-27.99%. For Quebec: Monthly Statements; No monthly or annual fees; 21-day grace period; Minimum payment is the higher of $10.00 or 5.0% of total statement balance; Purchase rate 20.99%-24.99% and cash advance rate 22.99%-25.99%. The standard rate on Purchases and Cash Advances is dependent on our assessment of your credit application, credit profile, and your province. See your Cardholder Disclosure at time of application for your specific rate.
2 Certain purchases are prohibited by law from earning Tims® Rewards Points.
3 At participating restaurants in Canada. Terms and conditions apply. Visit the Tims app or www.timhortons.ca/timsrewards or www.timsfinancial.ca for full details.
4 When you make payments in full and on time each month.
5 Costco and Walmart are excluded from gas and grocery points.