Be the first to know about all the latest topics on MapleMoney. “For Starbucks, it’s more strong if your average cheque size is quite large and you want to redeem for fancier drinks.”, READ MORE: Tim Hortons doughnut raises $800K for Humboldt after stirring up controversy. you go and buy four coffees for yourself and three friends, and that’s 1 purchase. Alone, this can equate to a value of over 8%, depending on how you redeem the points on the card. By registering the TimCard ® online, you can access several additional features of the TimCard ® program such as protecting the balance on your card from loss and theft, reloading your card with a credit card and viewing your most recent account activity.. To register your TimCard ® you must activate it first. Lau noted that a program like this probably won’t make customers go out of their way to purchase Tim Hortons coffee. Tim Hortons kicked off its Tims Rewards program Wednesday, adding one more coffee loyalty program to the several others already offered in Canada.. Best Budget App: Eight Top Budgeting Tools for Canadians, Homemade gift idea – personalized baseball bat, The Complete Step by Step Guide to Save Money with Couponing. The annual fee for this card is $120. Your points will be based on the number of visits, not by dollars spent. Our goal at MapleMoney is to present readers with reliable financial advice and product choices that will help you achieve your financial goals. Let’s say you have a daily habit of stopping in for a large coffee on the way to the office each morning. “This change means members can begin earning Stars to redeem a Reward in as few as two to three visits,” the release explained. The redemption value of this card is not as high as the Amex Cobalt Card, but it’s still an attractive option. For example, if you only spent $.99 (the price of a single donut) on each of your next 7 trips to Tims, then selected a large coffee on your 8th visit, your reward would carry a value of almost 30% (spend $7, earn $2)! But it doesn't stop there – for a limited time, you can instantly receive a reward when you register your card on the Tim Hortons mobile app and make a purchase that's greater than $1.50. Depending on how you choose to redeem your AMEX Membership Rewards points (you’ll get $0.01 per point on travel), you could essentially be earning back an extra 5% on your food purchases. What’s more likely to happen, is that existing Tims customers will spend more money on coffee and donuts. The new program – Tims Rewards, is easy to follow and allows customers to earn free items without having to spend large amounts of money. Starbucks Canada’s rewards program memberships have grown 25 per cent in the past two years, the company noted. The annual fee for this card is also $120. Matthew Lau of PointsHogger.com explained to Global News that there really doesn’t seem to be a catch or any hidden costs associated with the coffee chain’s rewards system. Tim Hortons’ ranking fell to No. According to the Tims website, if you use the mobile app to order ahead and pay, you can select an option to bank your reward upon checkout. eGift Cards will not be replaced if lost or stolen and cannot be reloaded, re–sold, transferred for value, or redeemed for cash, except to … “This helps in two ways. But if you don't have a smartphone, or just prefer to use your rewards … Purchases must be a minimum of $.50 to be eligible, which shouldn’t be an issue, considering a single Timbit is $.25. Tim Hortons has launched a rewards program after a year of testing. With McDonald’s however, only hot beverages qualify for both earning and redemption, so items such as cookies or muffins are ineligible. Tim Hortons eGift Card Details. Also, purchases must be at least 30 minutes apart. Tim Hortons began warning customers weeks ago that its Tims Rewards would go all digital Jan. 1. With a career as a Financial Analyst and over a decade writing about personal finance, Tom has the knowledge to help you get control of your money and make it work for you. McDonald’s does give you a choice of coffee or a ‘fancy’ version, like latte. By comparison, Starbucks would require you to spend over $60 before you could redeem for a free beverage. Tims Rewards is different from most loyalty rewards programs, in that there is no set value for a reward point. Meanwhile, Starbucks recently announced that it is going to roll out an “enhanced” reward system in April that would offer customers more flexibility. How to redeem Tim Hortons rewards. With such a simple set up, it’s difficult to maximize rewards using the Tims Rewards program on its own. “I think more people decide based on taste so if you’re like, ‘I can’t drink Tim Hortons coffee,’ and you only like Starbucks then you might not poach those clients,” he explained. The coffee chain stated in a press release on In order to participate in the program, simply pick up a physical Tims Rewards Card from your local Tims or visit timhortons.ca/rewards or download the Tim Hortons mobile app and sign up with your email or Facebook login and you’ll be issued a digital Tims Rewards Card. MapleMoney receives compensation from some companies issuing financial products, like credit cards and bank accounts, that appear on this site. After all, why not earn points when you spend, especially if it’s not costing you anything. Is the Tim Hortons’ brand permanently coffee stained? Not only was the number seven the retiring jersey number of our beloved Tim Horton, the Canadian hockey legend and namesake of Canada's favourite coffee shop, but beginning today, Canadians will redeem a reward after every seventh visit to Tim Hortons through the company's new loyalty rewards program. How to Earn Tims Rewards. To get started earning Tims Rewards, you’ll need to get set up with a physical rewards card during your next visit. Once you start redeeming your points, you’ll be able to redeem for items in 13 different reward levels. Read more at: http://maplemoney.com/legal/. Is it enough, however, to cause someone to switch to Tim Hortons from their restaurant of choice? McDonalds McCafe works more like Tims Rewards, in that every 8th purchase is free. It was a long time coming, but Tim Hortons has finally introduced a customer loyalty rewards program, joining some of its closest competitors, like McDonald’s and Starbucks. Is the Costco Executive Membership Worth It? “If you’re a consumer that goes to Tim Hortons regularly and your cheque size is pretty small, that’s when this program is really valuable,” she said. He added that Tim Hortons’ reward system “forces you to redeem” every few purchases, which helps ensure that consumers will actually reap the benefits — rather than end up saving up points or forgetting about them. Tom Drake is the owner and head writer of the award-winning MapleMoney. Bagels and Timbits are excluded as a free reward. Required fields are marked. So when you think about it, you’re being penalized because you are ordering four coffees at once. WATCH: Is the Tim Hortons’ brand permanently coffee-stained? © 2019 Global News, a division of Corus Entertainment Inc. 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