Answered step by step
Verified Expert Solution
Question
1 Approved Answer
No, your favourite coffee order isnt disappearing. The Tim Hortons-branded CIBC Visa card is ending early next year, according to a letter sent out to
No, your favourite coffee order isnt disappearing. The Tim Hortons-branded CIBC Visa card is ending early next year, according to a letter sent out to Double Double cardholders this week.
CIBC will no longer be offering the CIBC Tim Hortons Double Double Visa Card to clients. This was a joint decision and will allow both of our organizations to pursue other opportunities to provide credit card and reward offerings that are tailored to the needs of our respective clients, CIBC spokesperson Trish Tervit confirmed in an email, on behalf of the bank and Tim Hortons.
As of Jan. 8, the card known for its tiny built-in buttons and lights can no longer be used for purchases. Double Double cardholders will be sent a replacement CIBC Dividend Visa card, which offers cash back on all purchases, rather than Tims Rewards points. Theyll also be emailed a virtual card allowing them to spend the Tims Rewards points theyve accumulated until now.
Holders of the Double Double Visa earned 1 per cent back in Tims Rewards money on all purchases made with the card.
Tervit also pointed out that like the Double Double, the new card comes with no annual fee.
The much-heralded Double Double card was introduced in 2014, shortly after CIBC lost its monopoly on credit cards offering Aeroplan points when TD also partnered with Aeroplan.
The elimination of the card comes as Tim Hortons is trying to encourage customers to use an app-based version of Tims Rewards, something acknowledged by the head of Tim Hortons parent company on a
recent conference call to discuss quarterly earnings.
questions:
1. Why did this technology fail?
2. If Tim Hortons mandates this service, how would it affect service in the future. Relate to how would it impact Customer service?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started