The New Tim Hortons Credit Card: Your Complete Guide

The Tim Hortons Credit Card is a new addition to Canada’s rewards credit card space. The card is issued by Neo Financial and powered by Mastercard. It is designed to reward frequent Tim Hortons customers and Canadians who enjoy earning rewards points on their everyday purchases.

Cardholders earn Tims Rewards points on every purchase they make with the card. The points can be redeemed for free coffee, beverages, and food at Tim Hortons. The card also offers additional rewards points for purchases made at other merchants.

The Tim Hortons Credit Card has two versions: secured and unsecured. The secured version requires a deposit to be made by the cardholder to secure the credit limit. The unsecured version does not require a deposit. The interest rates for both versions vary depending on the cardholder’s credit score.

The card offers a minimum APR of 20.99% on purchases and a minimum APR of 22.99% on cash advance payments. The secured version of the card may have higher interest rates. No annual or monthly fees are associated with the card, and it offers a 21-day grace period for payments.

Cardholders can apply for the Tim Hortons Credit Card through the Tim Hortons app. The application process is fully integrated with the app, making it easy to apply, get approved, and manage the card. The app also allows cardholders to track and redeem their rewards points for free Tim Hortons products.

Overall, the Tim Hortons Credit Card is a great option for Canadians who frequent Tim Hortons and want to earn rewards points on their purchases. The card has no annual or monthly fees, offers a 21-day grace period, and has a simple application process through the Tim Hortons app.

Benefits of the Tim Hortons Credit Card

The Tim Hortons Credit Card offers several benefits to its users. Here are some of the key benefits:

Earn Tims Rewards Points

One of the biggest benefits of the Tim Hortons Credit Card is that it allows you to earn Tims’s Rewards Points faster. With the credit card, you can earn up to 15 Tims Rewards Points for every dollar spent at Tim Hortons. You can earn up to five points per dollar on most gas, groceries, and transit purchases made with the card. These points can be redeemed for free coffee, beverages, and food at Tim Hortons.

No Annual Fee

The Tim Hortons Credit Card does not charge an annual fee, making it a cost-effective option for those who want to earn rewards without paying extra fees.

Contactless Payments

The Tim Hortons Credit Card allows you to make contactless payments, a convenient and safe way to pay for purchases. This feature is especially useful during the COVID-19 pandemic, as it reduces the need for physical contact.

Fraud Protection

The Tim Hortons Credit Card comes with Mastercard’s Zero Liability Protection, meaning you won’t be held responsible for any unauthorized purchases made with your card. This provides peace of mind and protects you from potential financial losses.

Low Minimum APR

The Tim Hortons Credit Card charges a minimum APR of 20.99% on purchases and a minimum APR of 22.99% on cash advance payments, depending on the user’s credit score. While these rates are not the lowest in the market, they are competitive and can be a good option for those who want to earn rewards while keeping their interest charges low.

Overall, the Tim Hortons Credit Card is a good option for those looking to earn rewards while enjoying the convenience and safety of contactless payments. With its no annual fee, Tims Rewards Points, and fraud protection, it can be a cost-effective and secure way to pay for your purchases.

How to Apply for the Tim Hortons Credit Card

Applying for the Tim Hortons Credit Card is a simple process that can be completed online. Here are the steps to follow:

  1. Visit the Tims Financial website and click the “Apply Now” button.
  2. Fill out the application form with your personal and financial information, including your name, address, employment status, and income.
  3. Choose the type of Tim Hortons Credit Card you want to apply for – the regular or the secured version.
  4. Review and agree to the terms and conditions of the credit card.
  5. Submit your application and wait for a response.

Once you have submitted your application, you will receive a response within a few business days. If approved, you will receive your credit card in the mail within 7-10 business days.

It’s important to note that to apply for the Tim Hortons Credit Card; you must be a Canadian resident and at least 18 years old. You will also need a good credit score to be approved for the regular version of the card. If you have limited or no credit history, you may be eligible for the secured version of the card, which requires a security deposit.

Overall, the application process for the Tim Hortons Credit Card is straightforward and can be completed online in just a few minutes.

Tim Hortons Credit Card

Understanding the Credit Card Terms and Conditions

When applying for a credit card, it is important to understand its terms and conditions. Here are the key details you need to know about the Tim Hortons Credit Card:

Interest Rates

The Tim Hortons Credit Card offers a variable interest rate, which can change over time. The current interest rate for purchases is [insert current rate here], and the interest rate for cash advances is [insert current rate here]. It is important to note that interest charges will be applied to any outstanding balances on the account.

Fees

The Tim Hortons Credit Card does not charge an annual fee, but there are other fees to be aware of. For example, there is a fee for cash advances, which is [insert fee amount here] or [insert fee percentage here] of the advance amount, whichever is greater. There is also a fee for balance transfers, which is [insert fee amount here] or [insert fee percentage here] of the transfer amount, whichever is greater.

Grace Period

The Tim Hortons Credit Card offers a grace period of [insert number of days here] for purchases. If you pay your balance in full by the due date, you will not be charged any interest on your purchases. However, the grace period does not apply to cash advances or balance transfers.

It is important to review the terms and conditions of the Tim Hortons Credit Card carefully before applying. You can contact customer service for assistance if you have any questions or concerns.

Managing Your Tim Hortons Credit Card Online

Managing your Tim Hortons Credit Card online is a convenient and hassle-free way to keep track of your transactions, payments, and rewards. Here are some key features of managing your Tim Hortons Credit Card online:

Online Account Access

Once you receive your Tim Hortons Credit Card, you can register for online account access. This will allow you to view your account balance, credit limit, available credit, and recent transactions. You can also set up alerts to notify you of important account activity, such as when a payment is due, or a transaction exceeds a certain amount.

Making Payments

You can easily make payments on your Tim Hortons Credit Card online. You can set up automatic payments to ensure that your minimum payment is always made on time, or you can make individual payments as needed. You can also view your payment history and see when payments were made and how they were applied to your account.

Tracking Rewards

One of the benefits of the Tim Hortons Credit Card is the ability to earn Tims’s Rewards Points faster. You can track your rewards balance online and see how many points you have earned and how many you need to redeem for free coffee, beverages, and food. You can also view your rewards history to see when you earned points and how you redeemed them.

Security Features

Managing your Tim Hortons Credit Card online is secure and protected. You can set up alerts to notify you of suspicious activity on your account and monitor your account for unauthorized transactions. You can also update your personal information, such as your address and phone number, to ensure your account is up-to-date and accurate.

Managing your Tim Hortons Credit Card online is a convenient and secure way to stay on top of your account activity and rewards. By taking advantage of these features, you can ensure your credit card experience is hassle-free and rewarding.

Rewards and Redemption Process

Earning Rewards

The Tim Hortons Credit Card allows users to earn Tims’s Rewards Points for every dollar spent. Cardholders can earn up to 5 points per dollar on most gas, groceries, and transit purchases and up to 15 points per dollar on eligible purchases made at Tim Hortons restaurants when they scan for Tims Rewards.

Additionally, new cardholders can earn a welcome bonus of up to 10,000 Tims Rewards Points. The bonus is awarded after the first purchase is made on the card.

Redeeming Rewards

Cardholders can redeem their Tims Rewards Points for items available at Tim Hortons restaurants. The redemption options include free coffee, tea, baked goods, and breakfast sandwiches.

To redeem points, users must first download the Tim Hortons app and link their credit card to their account. Once linked, users can use the app to scan for rewards at participating Tim Hortons locations.

It is important to note that Tims Rewards Points do expire after 12 months of inactivity. Therefore, it is recommended that cardholders redeem their points regularly to avoid losing them.

Overall, the Tim Hortons Credit Card rewards program offers a simple way for users to earn and redeem rewards for their purchases at Tim Hortons restaurants.

Also Read: Credit Cards for International Students in Canada

Card Security Features

The Tim Hortons Credit Card offers several security features to protect users from fraud and unauthorized transactions. Here are some of the security features offered by the Tim Hortons Credit Card:

  • Zero Liability Protection: The Tim Hortons Credit Card offers zero liability protection, meaning that users are not responsible for unauthorized transactions made with their cards. If a user’s card is lost or stolen, they should report it immediately to avoid unauthorized transactions.
  • Chip Technology: The Tim Hortons Credit Card comes with chip technology, providing an added security layer to protect against fraud. The chip creates a unique code for each transaction, making it difficult for fraudsters to steal card information.
  • Mastercard ID Theft Protection: The Tim Hortons Credit Card also comes with Mastercard ID Theft Protection, which offers identity theft monitoring and alerts. This service monitors users’ personal information and alerts them of suspicious activity.
  • Secure Online Transactions: The Tim Hortons Credit Card offers secure online transactions with Mastercard SecureCode. This service requires users to enter a unique code when making online purchases, ensuring that only the cardholder can make the transaction.
  • Fraud Monitoring: The Tim Hortons Credit Card also has a fraud monitoring system that detects suspicious activity on the user’s account. If any suspicious activity is detected, the user will be notified immediately.

Overall, the Tim Hortons Credit Card offers several security features to protect users from fraud and unauthorized transactions. With zero liability protection, chip technology, Mastercard ID Theft Protection, secure online transactions, and fraud monitoring, users can feel confident that their card information is safe and secure.

Customer Support for Tim Hortons Credit Card

If you have any questions or concerns about your Tim Hortons Credit Card, there are several ways to contact customer support. Here are some options:

  • Phone: You can call the Tims Financial customer service line at 1-888-4-TIMS-CC (1-888-484-6722) to speak with a representative about any issues you may be experiencing with your credit card.
  • Email: If you prefer to communicate via email, you can message Tims Financial customer service at support@timsfinancial.ca. Include your name, contact information, and a detailed issue description.
  • Online Chat: You can chat with a Tims Financial customer service representative online by visiting the Tims Financial website and clicking the “Chat Now” button. This is a quick and convenient way to get help with any questions or concerns about your credit card.
  • In-Person: If you prefer to speak with someone in person, you can visit your local Tim Hortons restaurant and speak with a manager. They may be able to provide some assistance or direct you to the appropriate customer service channels.

Overall, Tim Hortons is committed to providing excellent customer service to all its credit card users. If you have any issues or concerns, don’t hesitate to ask for help.

Frequently Asked Questions

What are the benefits of the new Tim Hortons credit card?

The Tim Hortons Credit Card is a Mastercard that lets you earn Tims Points for every dollar spent on eligible purchases. With the credit card, you can earn Tims Rewards Points faster to redeem more free coffee, beverages, and food. The card also offers exclusive perks, such as access to exclusive events, offers, and discounts.

How can I apply for the Tim Hortons Mastercard?

You can apply for the Tim Hortons Credit Card online through their website or in-store at any Tim Hortons location. The application process is quick and easy, and you can receive a response within minutes.

What is the interest rate on the Tim Hortons credit card?

The interest rate on the Tim Hortons Credit Card varies depending on your credit score and financial history. The card offers a promotional interest rate of 0% for the first six months, after which the standard interest rate will apply.

Is the Tim Hortons credit card worth it?

Whether the Tim Hortons Credit Card is worth, it depends on your spending habits and how often you visit Tim Hortons. If you are a frequent Tim Hortons customer, the card can be a great way to earn rewards and save money on purchases. However, if you don’t visit Tim Hortons often, you may not get as much value from the card.

How does the new Tims Rewards program work?

The Tims Rewards program lets you earn points for every purchase you make at Tim Hortons. You can earn 10 points for every eligible purchase of $1 or more. Once you reach 70 points, you can redeem them for a free coffee, tea, or baked good. The new Tim Hortons Credit Card allows you to earn Tims’s Rewards Points faster by earning points on every dollar spent on eligible purchases.

Does Tim Hortons charge any fees for their credit card?

The Tim Hortons Credit Card has no annual fee. However, there may be fees for late payments, cash advances, and balance transfers. It’s important to read the terms and conditions of the credit card carefully to understand any potential fees.

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