Tim Hortons: Launch of the Tims Mastercard Credit Card

Tim Hortons – The New Tims Credit Card

The Tims Mastercard, announced by Tim Hortons in partnership with Neo Financial, is a Mastercard credit card with no annual fee.

The Tim Mastercard was designed to allow Tim Hortons customers to earn Tim Rewards points on all their purchases, which can then be redeemed for more free coffee, drinks and food at Tim Hortons.

Card details

Here are the eraning details for each card by spending category:

Note that for the first two categories in the table, there is a ceiling of $20,000 per calendar year, after which the earning decreases (to 1 point/$2 for the standard card and 1 point/$4 for the secured card).

The secured version of the Tim credit card is offered to Canadian residents with limited or no credit history, such as students and newcomers.

It accumulates points and helps them build their credit history. This version does not require a credit check that could affect (hit) the credit score.

However, it does require you to pay security funds in order to determine your credit limit. These funds can range from $50 to $10,000.

The standard version of the Tims Mastercard is more generous in the accumulation of points, but requires a credit check that will have an impact (hit) on the credit rating (as is the case with most credit cards).

Both versions of the Tim credit card include the same welcome offer.

Sousrire à la carte

The new Tims Mastercard from Tim Hortons comes in two versions and is integrated with the Tim Hortons app, making it possible to apply for the Tims Mastercard, be approved and check your balance, all from your phone.

Like most credit cards, even those with no annual fee, the Tims Mastercard offers the following advantages:

The Tims Mastercard is offered by Neo Financial, and issued by ATB Financial under license from Mastercard International Incorporated.

Tim Hortons – Our opinion

Before signing up for the Tim Mastercard, please familiarize yourself with the Tim Hortons Tims Rewards loyalty program, including recent changes.

As part of the Tims Rewards program, you can select a reward level to redeem your points. This level can then be changed at any time if you change your mind.

Here are the different levels:

Knowing that a donut at Tim Hortons costs about $1.5, that means 1 Tim point equals about 0.5 cents:

Looked at another way, when the new Tim credit card offers 5 points per dollar for groceries, gas or public transit, that’s a return of about 2.5% (which you can only use at Tim Hortons).

For all other purchases, this new Tim credit card offers 1 point for every 2 dollars, i.e. a return of 0.25%.

This Tims Mastercard is aimed at Tim Hortons addicts, since cardholders can only redeem their points for merchandise sold by Tim Hortons.

If you prefer a no-annual-fee credit card offering cash back, we recommend these credit cards instead:

And suppose you want even more cashback or rewards. In that case, these credit cards are unbeatable for groceries and restaurants (even with an annual fee – some of which are offered in the first year – you’ll be a winner at the end of the year by making your purchases on these credit cards):

For more choices in specific credit card categories, see our various rankings:

Bottom Line

Before you sign up for the Tims Mastercard, do your homework: there are better credit cards on the market, even at the no-annual-fee level (and with welcome bonuses in the first year).

Frequently Asked Questions