PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Tim Hortons Exits the Credit Card Business Again

By Tom Nawrocki
June 3, 2026
in Analysts Coverage, Credit
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tim Horton’s Perks Up U.S. Loyalty Program

Tim Horton’s Perks Up U.S. Loyalty Program

For the second time in the past decade, the venerable Canadian multinational coffee chain Tim Hortons is getting out of the credit card business.

The cards will still work after October 1, but they will be managed solely by the issuer, Canadian fintech Neo Financial. Once that change takes effect, card transactions will no longer earn Tims Rewards Points, effectively severing the link between the card and the coffee chain’s loyalty ecosystem.

The company launched its credit card program in June 2023, positioning it as a way to offer Canadians more inclusive, easy-to-access financial tools designed to fit everyday spending habits. Tim Hortons had previously entered the space in 2014 through a partnership with CIBC on the Double Double Visa Card, which was eventually discontinued in 2019.

“Tim Hortons serves a reported 5 million cups of coffee a day in Canada, but co-brands and coffee don’t usually make good partnerships,” said Brian Riley, Director of Credit at Javelin Strategy & research. “For me, I’d rather have a cup of Tim Horton’s coffee than a co-branded credit card with the java company.”

Not the Right Blend

Tim Hortons isn’t the first coffee chain to struggle to find a foothold in the credit card space. While Starbucks has found success with its reloadable prepaid cards, it shuttered the Starbucks Rewards Visa Card, issued through Chase, in July 2023 after five years of trying to build a market. That was also its second attempt at a credit card.

“Dating back to 2003, they had the Duetto Visa with Bank One, now Chase,” said Riley. “It was a flop and got Starbucks to overhaul their reward program. They tried one more time in 2018, with Chase, but it had no juice and was shuttered.”

For its part, Dunkin’ does not offer a credit card of its own, but piggybacks on the American Express Gold Card for rewards. Cardmembers can receive Dunkin’ credits when paying with their Amex Gold at U.S. locations, but the cards are not co-branded.

Rewards Are the Key

All these coffee chains have learned that rewards programs tends to drive customer loyalty more effectively than credit cards. In fact, Starbucks Rewards customers spent more than $13 billion through the program last year.

Tims Rewards has gradually evolved from visit-based points to dollar-based rewards, better aligning with how customers actually spend.

Tims also brought back its Roll Up The Rim to Win contest in physical form this year, resotring the classic in-cup game where customers peel back the rim to reveal prizes. The promotion, which has been running for around 40 years, had moved online during the pandemic.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: ChaseDunkin DonutsNeo FinancialRewards PointsStarbucksTim Hortons

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    agentic commerce

    Searching for Trust in Agentic Commerce

    June 3, 2026
    stablecoin

    Stablecoin Success Will Depend on More Than Technology

    June 2, 2026
    A man standing outdoors uses a cryptocurrency trading app on his smartphone. This represents mobile finance, freedom, and real-time investing.

    How Gamification Helps Drive Engagement in Digital Banking

    June 1, 2026
    BIS Wants Central Banks to Move Faster with CBDC amid Looming Stablecoin Pressure

    The Next Phase for Prepaid Cards Could Be Stablecoins

    May 29, 2026
    Synthetic Identities

    A Victimless Crime: Why Synthetic Identities Demand Layered Verification

    May 28, 2026

    Stablecoins Are Turning the Remittance Business Model on Its Head

    May 27, 2026
    legacy banking, instant payments

    The Instant Payments Shift Is Testing the Limits of Legacy Banking

    May 26, 2026
    innovation

    Companies No Longer Dabble in Innovation, They Prioritize It

    May 22, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result