Tim Hortons Double Double Credit Card Review
Do you like your daily double double from Tim’s? Well then this card is probably for you. The Tim Hortons Double Double credit card acts as both a Visa and a Tim’s card. This card from CIBC offers a 1% rewards rate on all eligible purchases. The neat thing is that rewards are available immediately after the transaction is processed. So next time you go shopping you could enjoy a free double double from Tim Hortons & CIBC.
Tim Hortons Double Double Credit Card Review:
Interest Rate: 19.99%
Annual Fee: $0
Supplemental Card Fee: $0
Tim Hortons Tim Cash:
– Receive 1% on all eligible purchases
– Immediately! Use your 1% at Tim Hortons immediately after each transaction has been processed.
– No extraordinary items in the fine print.
– Card acts as both a Visa and a Tim Card
– Receive a one time bonus of $20 in Tim Cash once you’ve charged $200 to the Tim Hortons Double Double card.
– Purchase Security & Extended Protection Insurance
– No extraordinary fees that we could see, but if you have experience with unforeseen fees with this card please let us know in the comments
The Tim Hortons Double Double card is great for regular Tim Hortons coffee drinkers. The card acts as a Visa as well as a regular Tim Card that you can load with additional money online.
The nice thing about this card is that the rewards are redeemable immediately. Unlike many other rewards, travel or cashback cards this credit card allows rewards to be used right away. Thats a nice feature in a rewards card. Who doesn’t like immediate gratification?
The rewards rate is a decent 1%. That means that for a monthly spending of $1000/month you’ll accrue $120 in Tim Cash per year. Thats equal to about 60 large coffees at Tim Hortons. If you’re a regular Tim’s coffee drinker like me then thats a benefit that you can enjoy right away.
The only downside of this card is that the 1% rewards rate is not the best in the industry for a rewards card. The Best Rewards Credit Card Canada offers a higher return on each dollar of purchases you put on the card.
Tim Hortons Double Double Credit Card Review: Final Thoughts
The Tim Hortons Double Double card is a very novel credit card from CIBC. It acts as both a Visa and a Tims card. The rewards rate is 1% which is decent for a rewards card. Plus rewards are available immediately after purchases are processed so you can enjoy a free coffee after your next shopping spree!
It’s been almost a year that I’ve hard this card and I must say that I agree with a lot of the comments below. My personal experience hasn’t been great. The card doesn’t always work. It probably has something to do with the fancy buttons on the card. But it can be embarrassing when trying to pay for something and the card appears to get declined. Even it happens 1 in 10 times it’s still too often.
Hopefully these issues get resolved. I do still use the card for major purchases because I enjoy the rewards.
Bonus! If you had this card during May/June 2015 then you would have received a free coffee every Friday from CIBC/Tim Hortons!
This Double Double card from CIBC and Tim Hortons has now become my main credit card. Some of the kinks have been worked out and they do offer some unique rewards with this card. On top of the 1% you earn in Tim $’s you also get some nice freebies every once in a while. There was ‘free coffee Friday’ where every Friday you’d get a coupon for a free coffee. Now there is a free treat every weekend, as long as you’ve made at least one purchase on the card the previous month. These aren’t huge $ value but it makes the card that much more fun.
As I said, I’ve switched over from my other credit card and this has become my main credit card for purchases. Expect another update if the situation changes.