Those looking to increase their credit and get their morning pick-me-up could be in luck.
Tim Hortons has started accepting applications for its new Tim’s Credit Card from Tim’s Financial.
Launched in June, Tim’s Financial is being marketed by the coffee chain to give Canadians “convenient and powerful financial tools” to manage their finances.
“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,” said Markus Sturm, senior vice president of financial services and digital at Tim Hortons.
Company officials say cardholders will earn five Tim’s rewards points for each dollar spent on everyday purchases and 15 points for every dollar spent at Tim Hortons locations.
“We know that Canadians are looking for powerful, versatile financial products that add more value to their everyday lives,” said Balinder Ahluwalia, senior vice president of market development at Mastercard Canada.
Officials say the card, issued by ATB Financial, Alberta’s provincially-owned bank, also allows users to build credit without paying an annual fee.
Interest rates for the card, however, can be as high as 26 per cent. Cash Advances can reach highs of 28 per cent.
“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,” said Sturm.
Those interested in signing up for the card can visit the Tims Financial website here.