 Hello everyone, this is financial author Amit Dan of amitdan.com. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please give me the thumbs up and consider subscribing. Here, Canada credit card, looking for its new bank or financial partner. Hello everyone, this is financial author Amit Dan of amitdan.com. If you're watching this video, it means that you are a credit card and travel rewards enthusiast just like myself. On this channel, you'll find a variety of videos including videos on trade curves and travel rewards points. If you like what you see, please give it a thumbs up and consider subscribing. However, I would like to mention that this channel is not limited to only one particular type of videos or on only one subject. I present a variety of videos including travel videos, financial videos and any other topic I think interesting. For example, in November and December, I'll be traveling to exotic places in Asia, mainly in India and Bangladesh. And I'll bring you lots of videos which include business class flight videos, business class lounge videos, street food videos and various locations which I'll be traveling. The whole trip was made possible by travel viewers points and I'll be flying business class round trip and you'll be able to watch the full trip from day one to the day it ends. So subscribe to this channel and in December and November, the channel will be presenting you very different types of videos than what you're watching right now. Today, I'll be talking about Air Canada's loyalty program and new credit cards for which you'll be seeking financial partners or banks. You may have already heard that Air Canada and Aeroplan will be breaking up because Air Canada decided to launch its own loyalty program in July 1st, 2020. Air Canada and Aeroplan have been together for 30 years and recently Air Canada decided to split up from Aeroplan. Aeroplan used to be a part of Air Canada. Originally, the program started in 1984, then Aeroplan got separated from Air Canada in 2008. If you're holding Aeroplan points, you'll be still able to use them until Air Canada launch its new loyalty program, which is expected to be in year 2020. On September 19, which was Tuesday, Air Canada asked banks or financial institutions to provide their proposals to be partnered with Air Canada's new credit cards. If you look at Air Canada's Aeroplan official supplier, it is still now TD Bank. And before TD Bank, CIBC is to be the official supplier, but TD bought the Aeroplan portfolio from CIBC. Now, the type of responses I'm expecting is that all the banks, they'll be trying to be the official partner for Air Canada's new credit cards, because this is going to draw lots of attention. However, the main three players I'm looking at are those which already provide Aeroplan credit cards in Canada, and these are TD Bank, CIBC Bank, and American Express. Due to the fact that TD Bank already is the Aeroplan's official provider, they will try their best to be the official provider of the Air Canada's new credit card or loyalty program. And on the other hand, CIBC will try its best to take it from TD and be the official provider of Air Canada's new loyalty credit cards. However, I believe American Express will try to be the new partner as well. But due to the fact that there are not every merchants except American Express, they have less chances than TD and CIBC to be the official partner with Air Canada's new credit card. However, if you see other banks are fighting for the partnership, I wouldn't be surprised. I'm mainly looking at the BMO, Capital One, and other banks which we don't see issuing travel credit cards a lot. In terms of Scotia Bank, I don't think Scotia Bank will be that interested in becoming a partner with Air Canada. They have some travel credit cards, but I believe they're not interested in direct partnership with any airlines or hotel programs, and I haven't seen them issuing any such credit cards. Royal Bank already has a partnership with WestJet. For that reason, they may not come forward and try to make a partnership with Air Canada. However, if they do that, and if they win the bid, I still wouldn't be surprised. But my main interests are the main three financial institutions which will try hard, according to my opinion are TD Bank, number one, number two, CIBC, and I'm looking at American Express too. So we'll see how it goes, and I'll keep you updated on this. Thank you for watching so far. And if you like what you see, please give it a thumbs up and consider subscribing. And there will be more videos coming up. Thank you.