Early in 2018 Chase Canada completely shut down their credit card business. At the time they only had two cards left in their portfolio, their Marriott and Amazon Visa cards as the other cards they had issued previously were taken over other Canadian banks. Although Chase was no longer issuing cards here in Canada they still had cardholders who had outstanding balances from the two cards that were paying those balances off month to month. Well it was revealed yesterday in an article on CBC that Chase made the decision to forgive all the debt owed by Canadians on those cards. That's right - forgive all that debt. We are unsure of how much debt it is but in all likelihood it isn't an insane amount - rather something not much more than it costs Chase to continue to operate here. By forgiving this debt, Chase can fully exit our market and not have to worry about carrying the costs involved with their Canadian division. The CBC article which Rewards Canada is quoted in, states some people's accounts of $1,300 to over $6,000 being forgiving and I have this question to our readers: Are you one of these people who is having some debt forgiven? If so, let us know in the comments below and if you are willing to share, let us know how much is being forgiven! Deep down I feel it won't be many of you as I know most Rewards Canada readers are points & miles aficionados who tend to pay off their balances every month so as not to have to pay interest since it kills the value of the rewards.
Posts since our last update:
- August
8 Update: Great 2 for 1 deal with Dusit Hotels & Resorts, 50 bonus
AIR MILES for online shopping & 9 new bonus offers
Dusit Hotels & Resorts is brand that many Canadians many not be aware of but if you travels may…
Travel Deals
Hilton Asia Pacific 100th Anniversary Sale – Save up to 20% for stays through to February 2020Fly TAP Air Portugal from Toronto to Lisbon for as little C$315 one way !Find out more here.
Remember to visit Rewards Canada's Travel Booking site to book travel directly with many of your favourite airlines, hotels and more!
Canadian Bonus Offers
Air Canada Aeroplan- 4x Aeroplan Miles when you shop online at Costco.ca. More... Until Aug 18, 19
Other Bonus Offers
British Airways Executive Club- Earn up to 45% bonus Avios when you buy or gift Avios. More... Until Aug 18, 19
Marriott Bonvoy
- 1,000 Bonus Bonvoy Points PER NIGHT and a free upgrade an to a deluxe water view room or a club floor roomfor stays at the Delta Hotels by Marriott Victoria Ocean Pointe Resort. More... Until Aug 31, 19
- 1,000 Bonus Bonvoy Points for stays at the Sydney Harbour Marriott Hotel at Circular Quay, Brisbane Marriott Hotel or the Melbourne Marriott Hotel. More... Until Oct 20, 19
Philippine Airlines Mabuhay
- Earn up to Quadruple Miles for Avis rentals of 3+ days at participating locations in the USA (excluding all locations in Alaska), Canada, Europe, Middle East, Africa, Asia Pacific, Argentina, Brazil, and Mexico. More... Book by Sep 15 for rentals until Oct , 19
World of Hyatt
- Earn 500 Bonus World of Hyatt Points per qualifying stay booked at participating Hyatt hotels and resorts, M life Rewards destinations, and Small Luxury Hotels of the World (SLH) destinations through the World of Hyatt app. More...Until Sep 30, 19
- 500 Bonus World of Hyatt points for stays at the Hyatt House Bryan / College Station More... Aug 15 - Nov 30, 19
- 500 Bonus World of Hyatt points for stays at The Resort at Coco Beach, a Hyatt Affiliated Hotel More... Until Nov 30, 19
- 500 Bonus World of Hyatt points for stays at the Hyatt House Orlando/ International Drive More... Aug 29 - Nov 30, 19
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