Update (Jan 15, 2018): Chase will also close all Marriott Visa cards in Canada on March 15, 2018.
Chase Canada has been leaving the consumer credit market, having sold most of their portfolio to Scotiabank and ending applications for the Marriott Rewards and Amazon.ca credit cards. Unfortunately, as of March 15, 2018, all Amazon.ca credit cards will be closed.
Considering Chase no longer accepts applications for any credit products in Canada, I think it’s only a matter of time until Marriott accounts are also closed.
The Amazon.ca credit card was fantastic, giving you 1% cash-back and no foreign exchange fees (compared to the 2-2.5% charged by most banks). While there are new entrants to the market with similar benefits (Rogers/Fido MasterCard/Home Trust Visa), the Amazon.ca card was by far the most flexible and easy to use.
If you hold the Amazon.ca card, I would recommend proactively closing your account prior to March 15, 2018. If the bank closes your account, it will likely show on your credit bureau as “closed by creditor.” If you close it proactively, it will show as “closed by consumer.”
Goodnight, sweet prince. You’ll be missed.
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