 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 it a thumbs up and consider subscribing. 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 it a thumbs up and consider subscribing. today I'll talk about bill 791 and bill 134 that were proposed in Quebec now this video has two parts part one and part two I recorded part two before May 1st which talked about bill 791 bill 791 proposed a stop create card companies or reward programs devaluing their viewers program or viewers chart which would put an end to viewers programs or create cards in Quebec now just before publishing part 2 I found out that bill 791 was changed to bill 134 and bill 134 does not have the clause which would prohibit loyalty programs or viewers programs devaluing their points or changing viewers charts as a result what I mentioned in part 2 is no longer valid and because bill 134 is more flexible for loyalty programs and viewers programs viewers great curse and loyalty programs are no longer in danger in Quebec for that reason part 2 article is no longer valid however I'm going to publish it anyway just for your reference or as an FYI now this new bill which is bill 134 is no longer considering devaluing viewers programs and as a result whatever I mentioned in part 2 article for example create card companies are living Quebec or it will be an end for viewers programs in Quebec these are no no longer valid also I mentioned in part 2 that MBNA Canada Araska MasterCard they stopped taking applications in Quebec that's no longer valid as well since the clause was removed from bill 791 and the new bill started which is bill 134 now MBNA Araska World Elite or MBNA Araska MasterCard is available for Quebec residents and it looks like that you know the loyalty programs and all viewer programs are going to be just fine in Quebec so after this part 1 the part 2 start and you if you watch part 2 then you'll see what I was talking about before thank you for watching and if you find this video full of information or if you like what you see please give it a thumbs up and consider subscribing that's all for now thanks hello everyone this is Amit Dan of amitdan.com today I'll talk about bill 791 that puts viewers program at risk of extinction one of the Canadian provinces Quebec has introduced a bill called Quebec 791 this bill proposes three new legislative requirements for loyalty programs that operate in Quebec to protect consumers in simple terms bill 791 means if it comes into reality is that viewers are loyalty programs will have to abide by these rules number one in front public how to collect and use the viewers number two the viewers own expire once collected and number three the program or value cannot be changed when you use the viewers what it means that the programs cannot be devalued loyalty or viewers programs can accept rule number one or two I just mentioned however rule number three is where no loyalty programs can comply with in theory this sounds like a great idea because you're guaranteed to retain the value of the points you're collecting whether it's airline hotel or other points but in reality this is not sustainable by any hotel airline or other viewers programs changing our charts adjusting viewers redemption rates are devaluing loyalty programs whatever you call it it's a necessity for the loyalty programs and it's a must to survive it's kind of same like inflation making grocery prices going up whether you're like it or not it will happen restricting loyalty programs to make necessary adjustments to survive will only make things worse and chase these programs away from Quebec Quebec residents are the one who'll suffer in the end and there's no need to wait to see the consequences it's already happening MB&A Alaska Airlines MasterCard has already pulled out of Quebec other programs like SPG, IHG, Hilton, Airplan, Avios, American Express and many more will have to follow the same path if bill 791 passes it will be the end of viewers grade curse and loyalty programs in Quebec especially those international based Quebec residents and points collectors should take a hard look at this bill before it's too late that's all for now if you like what you see please give it a thumbs up and consider subscribing thank you