Canada’s Big 5 Banks: Are You Going to Let American Express Win?

10 Comments
  1. Jon

    what is missing in my eyes (Still) is no FX fees that the US AMex has….

    1. Ricky YVR

      Yes, that’s a big weakness in our market. As long as four of the Big 5 continue to hold out though, I can’t see it changing much.

  2. Harry YXU

    I want to see more co-branded hotel cards like with Hilton, Choice, IHG, Hyatt.
    The USA has them all and even though they all do business up here we don’t have the credit cards. It would also be nice if MGM would make their Mlife MC available to Canadians like Caesars does with their Visa.

    1. Ricky YVR

      Hear hear, Harry!

  3. iv

    It doesn’t surprise me that AMEX is trying the hardest to engage their customers because they have the most to lose. Unlike other banks in Canada, it only has two main revenue streams issuing credit cards and providing merchant services. They don’t offer consumer bank accounts, mortgages among other things like the big 5.

    Having said that, competition in the marketplace is always good. I’d also like to see more cobranded credit cards maybe with Hotels.com or Travelocity

  4. David

    I would like to see Canadian Versions of American Express Hilton, Choice Hotel cards, United Airline or Delta Airline

    1. Ricky YVR

      Hilton seems the most likely out of the bunch. Despite Amex’s gung-ho approach, though, they’d have to take things to a whole new level to bring a brand-new co-branded series to Canada.

  5. sagsal

    Another good article! I would like to see some more co-branded cards up here: Hilton, hyatt for example. Also, would love to see Accor come out with a card and market up here based on the Fairmont chain. And please, Chase, please return!

    1. KMG

      Yes I love the Accor hotels in Europe but you have to spend lots to get any perks/points.

    2. Ricky YVR

      Some more movement from Fairmont would be nice, for sure.

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