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TORONTO — Tim Hortons has introduced its new Tims Credit Card from Tims Financial, a division of the company established to give Canadians financial tools to manage their everyday finances. The Tims Credit Card can be applied for, approved and managed entirely through the Tim Hortons mobile app.
The Tims Credit Card is a Mastercard, powered by Neo Financial. It has no annual fee and earns Tims Rewards Points everywhere, with up to five points per dollar on most gas, grocery 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.
Additionally, there will be a version of the Tims Credit Card offered to Canadian residents who have limited or no credit history, such as students and newcomers that will earn Tims Rewards Points and can help build their credit.
“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 purchases,” says Markus Sturm, senior vice-president of Digital, Loyalty and Consumer Goods at Tim Hortons. “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.”
