TORONTO – Telus and CIBC are teaming up on a new co-branded credit card that offers rewards such as a new device or prepaid cards, the companies announced Monday.
The CIBC Telus Rewards Visa card allows customers to earn Telus loyalty rewards for everyday spending which can be redeemed for products and services including the latest smartphones and tablets, charitable donations or travel passes.
Users earn one point for every dollar spent using the rewards card, and 1.5 points on all rewards card purchases at grocery and gas retailers or by paying their Telus bills. Additional points may be earned by signing up for pre-authorized payments and e-bill, or adding new Telus services to their account. The card has no annual fee, and customers may access their rewards account via the Telus Rewards portal.
"Not only does this program bring customers more value for their everyday spending, it also gives them a new way to save on their next Telus purchase, whether they're upgrading their device, activating a tablet, buying a new wireless accessory, donating to a charity or more", said Drazen Lalovic, Telus’ VP emerging markets and capital planning, in the news release.
"As a recognized leader in mobile innovation, we know how much Canadians love their smartphones and we're delighted to partner with Telus to bring greater choice and deliver everyday value and rewards to our clients," added Jenny Fagg, CIBC’s EVP products and payments.
