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Mastercard & WestJet launch the first Priceless Platform in Canada Aug 9th
Mastercard is famous for their “Priceless” marketing tagline that has been used around the world for years which is being expanded here in Canada. In partnership with WestJet, the card brand have launched the first Priceless Platform in Canada which gives WestJet RBC World Elite Master.... More »
What to do about your debt after the interest rate hike + MORE Jan 18th
TORONTO — Many consumers will soon find their debt loads heavier now that Canada’s central bank and the country’s biggest commercial lenders have raised their benchmark rates by one-quarter percentage point.
The country’s biggest banks raised their prime rates after the Bank of C.... More »
When are credit-card rewards worth paying an annual fee? + MORE Aug 1st
For the last decade or so, Jim and Willina Collins have enjoyed a regular bonus by using their no-fee cash-back credit card to pay for many of their expenses, including holiday flight and accommodation bookings, gasoline, vehicle repairs, and insurance on their vehicles (the couple have a car and a .... More »
July 9 Update: 500 bonus points for stays at the Hyatt Place Kelowna, Last day for the BMO Rewards Mastercard 20,000 point bonus & Wyndham Rewards lowers elite qualification requirements + MORE Jul 10th
Yesterday we wrote about the new Hyatt Place Kelowna that will open next week. What I forgot to mention in that post is that the hotel falls under Hyatt's new hotel bonus offer where you can earn 500 bonus World of Hyatt points per night. The bonus runs until October 30 and there is no need for .... More »
Dan Gainor: Media concede there's a border crisis, but won't give Trump credit for getting Mexico to act - Fox News + MORE Apr 6th
Dan Gainor: Media concede there's a border crisis, but won't give Trump credit for getting Mexico to act Fox NewsTrump struggles with a growing problem on the border CTV News‘Our country is full’: Trump says immigration system overwhelmed Global News'Our country .... More »
Scotiabank to pay $300M for 51% stake in Cencosud’s Chilean credit card business
– canadianbusiness.com
TORONTO – Scotiabank (TSX:BNS) says it will acquire a 51 per cent interest in the credit card and consumer loans business of Cencosud SA, the largest retailer in Chile, in a deal valued at $300 million.
The transaction includes a 15-year partnership between Scotiabank and Cencosud.
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight from a board of directors representing the two partner companies.
The transaction will make Scotiabank the third-largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
Cencosud is a retail conglomerate operating in five countries, including Argentina, Brazil, Peru and Colombia and its financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
“Scotiabank is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers to the bank,” said Wendy Hannam, Scotiabank’s executive vice-president for Latin America…
The transaction includes a 15-year partnership between Scotiabank and Cencosud.
The financial services arm of Cencosud will continue to operate as a standalone business, with oversight from a board of directors representing the two partner companies.
The transaction will make Scotiabank the third-largest credit card supplier in Chile, one of the countries that it has identified as an area of growth.
Scotiabank chief executive Brian Porter told shareholders in April that the bank wants to sharpen its focus in Peru, Colombia, Mexico and Chile.
Cencosud is a retail conglomerate operating in five countries, including Argentina, Brazil, Peru and Colombia and its financial service arm currently has 2.5 million credit cards with more than US$1.2 billion in Chile.
“Scotiabank is excited about this acquisition because it will strengthen our credit card offerings for our customers and attract new customers to the bank,” said Wendy Hannam, Scotiabank’s executive vice-president for Latin America…
Scotiabank strikes again in Latin America, buys credit card business
– theglobeandmail.com
Buys majority stake in Chilean credit card provider to beef up market share
