4 ms·

Break? It's practically enshrined in the law, seeing as any given bank can only have one credit card affiliated with it. So if I'm e.g. a normal National Bank c

Break? It's practically enshrined in the law, seeing as any given bank can only have one credit card affiliated with it. So if I'm e.g. a normal National Bank client, I get to have a Visa card or no card at all. I suppose online banks could change things a bit, but without that, introducing a new credit card provider is practically impossible.

sudosysgen 2y ago
I don't think that's true. My bank (in Canada) offers both Visa and Mastercard, and I have both.
radicality 2y ago
> any given bank can only have one credit card affiliated with it. Is that true? Is that an actual law, or some anticompetitive terms&conditions from Visa and Mastercard? If anything feels like the law should ban this kind of anti competitive behavior.
- err4nt 2y ago
  It doesn't appear to be true if you check websites of Canadian banks (e.g. CIBC, RBC, BMO, Scotia…) they all offer Visa and Mastercard, and Scotia even also offers Amex as well.
- deleted 2y ago
  [deleted]
throw0101b 2y ago
> […] seeing as any given bank can only have one credit card affiliated with it. CIBC has both Visa and MasterCard: * https://www.cibc.com/en/personal-banking/credit-cards/costco-cards.html https://www.cibc.com/en/personal-banking/credit-cards/costco... As does RBC: * https://www.rbcroyalbank.com/credit-cards/travel/rbc-avion-visa-infinite.html https://www.rbcroyalbank.com/credit-cards/travel/rbc-avion-v... * https://www.rbcroyalbank.com/credit-cards/travel/westjet-rbc-world-elite-mastercard.html https://www.rbcroyalbank.com/credit-cards/travel/westjet-rbc... BMO: * https://www.bmo.com/main/personal/credit-cards/bmo-cashback-mastercard/ https://www.bmo.com/main/personal/credit-cards/bmo-cashback-... * https://www.bmo.com/en-ca/main/personal/credit-cards/bmo-eclipse-rise-visa/ https://www.bmo.com/en-ca/main/personal/credit-cards/bmo-ecl... Not sure where you got the idea, as simply visiting the websites would have show otherwise.

sudosysgen 2y ago

I don't think that's true. My bank (in Canada) offers both Visa and Mastercard, and I have both.

radicality 2y ago

> any given bank can only have one credit card affiliated with it. Is that true? Is that an actual law, or some anticompetitive terms&conditions from Visa and Mastercard? If anything feels like the law should ban this kind of anti competitive behavior.

err4nt 2y ago
It doesn't appear to be true if you check websites of Canadian banks (e.g. CIBC, RBC, BMO, Scotia…) they all offer Visa and Mastercard, and Scotia even also offers Amex as well.
deleted 2y ago
[deleted]

throw0101b 2y ago

> […] seeing as any given bank can only have one credit card affiliated with it. CIBC has both Visa and MasterCard: * https://www.cibc.com/en/personal-banking/credit-cards/costco-cards.html https://www.cibc.com/en/personal-banking/credit-cards/costco... As does RBC: * https://www.rbcroyalbank.com/credit-cards/travel/rbc-avion-visa-infinite.html https://www.rbcroyalbank.com/credit-cards/travel/rbc-avion-v... * https://www.rbcroyalbank.com/credit-cards/travel/westjet-rbc-world-elite-mastercard.html https://www.rbcroyalbank.com/credit-cards/travel/westjet-rbc... BMO: * https://www.bmo.com/main/personal/credit-cards/bmo-cashback-mastercard/ https://www.bmo.com/main/personal/credit-cards/bmo-cashback-... * https://www.bmo.com/en-ca/main/personal/credit-cards/bmo-eclipse-rise-visa/ https://www.bmo.com/en-ca/main/personal/credit-cards/bmo-ecl... Not sure where you got the idea, as simply visiting the websites would have show otherwise.