Chase Canada Marriott Rewards Visa showing on credit report as Scotiabank
Jul 7, 2017, 10:42 am
#1
Original Poster
Join Date: Jul 2014
Location: Whistler, BC
Programs: SPG Platinum, Marriott Platinum, WS Gold, Hertz PC, NationalEE, Hyatt Explorist, IHGGold, BW Diamond
Posts: 199
Chase Canada Marriott Rewards Visa bought by Scotiabank?
So we know that Scotiabank bought most of the Chase Canada credit portfolio in 2015, with the exception of the Marriott Rewards Visa and Amazon Visa.
Now my Chase Canada Marriott Rewards Visa is showing on my credit report as Scotiabank.
This is of particular interest to those of us who have both the Marriott Rewards Visa and the SPG Amex and are wondering what the outcome of that merger will be.
Now my Chase Canada Marriott Rewards Visa is showing on my credit report as Scotiabank.
This is of particular interest to those of us who have both the Marriott Rewards Visa and the SPG Amex and are wondering what the outcome of that merger will be.
Last edited by catarina; Jul 7, 2017 at 12:57 pm
Jul 8, 2017, 6:12 pm
#2
Join Date: Feb 2005
Location: Toronto (YYZ)
Posts: 6,279
I just checked my credit report and I see the same, my Chase VISA account is now reporting under Scotiabank.
Just because Chase sold their portfolio to Scotiabank doesn't mean that if Chase in the US continues to issue Marriott cards after the merger of loyalty programs that Scotiabank will be able to do the same here in Canada.
We could see a bidding war from AMEX & Scotiabank to retain being the issuer in Canada. I think AMEX has more to lose (especially since they lost Costco) so they won't go down without a fight.
Just because Chase sold their portfolio to Scotiabank doesn't mean that if Chase in the US continues to issue Marriott cards after the merger of loyalty programs that Scotiabank will be able to do the same here in Canada.
We could see a bidding war from AMEX & Scotiabank to retain being the issuer in Canada. I think AMEX has more to lose (especially since they lost Costco) so they won't go down without a fight.
Jul 10, 2017, 5:02 pm
#3
Original Poster
Join Date: Jul 2014
Location: Whistler, BC
Programs: SPG Platinum, Marriott Platinum, WS Gold, Hertz PC, NationalEE, Hyatt Explorist, IHGGold, BW Diamond
Posts: 199
I just checked my credit report and I see the same, my Chase VISA account is now reporting under Scotiabank.
Just because Chase sold their portfolio to Scotiabank doesn't mean that if Chase in the US continues to issue Marriott cards after the merger of loyalty programs that Scotiabank will be able to do the same here in Canada.
We could see a bidding war from AMEX & Scotiabank to retain being the issuer in Canada. I think AMEX has more to lose (especially since they lost Costco) so they won't go down without a fight.
Just because Chase sold their portfolio to Scotiabank doesn't mean that if Chase in the US continues to issue Marriott cards after the merger of loyalty programs that Scotiabank will be able to do the same here in Canada.
We could see a bidding war from AMEX & Scotiabank to retain being the issuer in Canada. I think AMEX has more to lose (especially since they lost Costco) so they won't go down without a fight.
I would be disappointed to lose the benefits of the Chase Card. The annual free night was enjoyed every year and the no fx does add up.
Sep 11, 2017, 1:24 pm
#4
Original Poster
Join Date: Jul 2014
Location: Whistler, BC
Programs: SPG Platinum, Marriott Platinum, WS Gold, Hertz PC, NationalEE, Hyatt Explorist, IHGGold, BW Diamond
Posts: 199
As of September 5, 2017, applications for this credit card are not longer being accepted.
I wonder what Scotiabank will substitute when they close out these cards?
I wonder what Scotiabank will substitute when they close out these cards?
Sep 11, 2017, 3:46 pm
#5
Join Date: Oct 2007
Programs: AA, WN, UA, Bonvoy, Hertz
Posts: 2,491
Why would this be seen as an ending of the card program? I see the card is owned by Marriott and only serviced by a given bank. Scotiabank is the current servicer. Sure, it might take some time for the new bank to start taking card applications again?
Rasheed
Rasheed
Sep 12, 2017, 8:27 am
#6
Join Date: Jun 2015
Posts: 77
The Scotiabank thing in the credit reports got reversed. Chase owns the card, not Marriott. Scotia may be contracted to provide support for the card. With the Marriot/SPG merger, no one has any idea what will happen to both this and the Amex SPG.
Sep 12, 2017, 2:31 pm
#7
Join Date: Apr 2007
Location: Toronto, Ont., Canada
Programs: Aeroplan; Marriott Platinum; IHG Platinum; Best Western Diamond
Posts: 2,165