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Visa Canada Interchange Summary by Card Product Type
Visa is a global payments technology company that connects consumers, businesses, financial
institutions and governments in more than 200 countries and territories, to fast, secure, and
reliable digital currency. Whether paying for groceries, taking money out of an ATM when
traveling, or buying supplies to increase sales inventory, using Visa makes payment faster, safer
and easier for millions of people around the world. Interchange is part of the system that makes
the electronic payment system possible. Interchange is the transfer rate exchanged between the
merchant’s and cardholder’s financial institutions each time a Visa payment product is used.
Interchange is set in a highly competitive and dynamic environment. Interchange is consistently
monitored and adjusted – sometimes increased and sometimes decreased – in order to assure
the economics and value of the transaction are balanced for all parties.
Visa sets interchange in a manner that balances the value and economics among all parties that
participate in the Visa network – retailers, financial institutions and cardholders. If interchange is
too low, then cardholders' financial institutions won't issue cards; if interchange is too high,
retailers won't accept them. Retailers and consumers do not pay interchange – interchange is the
fee between two financial institutions. Retailers pay what is known as a Merchant Discount or
Merchant Service fee, which is negotiated with their financial institution and may include
interchange; the cost of transaction processing, terminal rental and customer service; and the
acquirer's or processor's margin, among other costs.
There is a cost to accept Visa cards, just as there is a cost to accept cash, cheques and other forms
of payment. For example, it takes time to count and deposit cash, and cash may disappear as a
result of errors or theft. Cheques can be delinquent or cause losses to retailers because of a lack
of funds in the cheque writer's account. The cost to accept electronic payments may be more
apparent to retailers, however, because they are directly billed for the service. Merchants that
accept cards receive tremendous value at a fair price including access to a billion international
cardholders, as well as guaranteed payment, fast transactions, greater risk management,
enhanced record keeping and the potential for increased sales. It assures that financial institutions
invest in the Visa system and the benefits that all cardholders enjoy – from protection against
fraud to car rental insurance to airline miles to 24/7 customer service. By balancing the economics
among all participants, interchange encourages more merchants to accept Visa.
For additional information, including the interchange rates associated with the card products
listed below, please refer to Visa Canada Interchange Information
.
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Canadian Issued Visa Cards as of June 30, 2017
Institution Card Product
Classic, Gold, Platinum, Infinite,
Infinite Privilege, Business,
Infinite Business, Corporate/
Purchasing, Prepaid or Debit
CIBC
CIBC Aventura Visa for Business
Business
CIBC
CIBC Aerogold Visa Card for Business
Business
CIBC
CIBC Aerogold Visa Infinite Card
Infinite
CIBC
CIBC Aerogold Visa Infinite Privilege Card
Infinite Privilege
CIBC
CIBC bizline Visa for Small Business
Business
CIBC
CIBC Dividend Visa Card
Classic, Gold, Platinum
CIBC
CIBC Classic Visa Card
Classic, Gold, Platinum
CIBC
CIBC Platinum Visa Card
Classic, Gold, Platinum
CIBC
CIBC Aero Classic Visa Card*
Classic, Gold, Platinum
CIBC
CIBC Aerogold Visa Card
Classic, Gold, Platinum
CIBC
CIBC Aero Platinum Visa Card
Classic, Gold, Platinum
CIBC
CIBC Select Visa Card
Classic, Gold, Platinum
CIBC
CIBC Aventura Visa Card
Classic, Gold, Platinum
CIBC
CIBC Aventura Gold Visa Card
Classic, Gold, Platinum
CIBC
CIBC Aventura Visa Infinite Card
Infinite
CIBC
CIBC Dividend Visa Infinite Card
Infinite
CIBC
CIBC Dividend Platinum Visa Card
Classic, Gold, Platinum
CIBC
CIBC US Dollar Visa Card
Classic, Gold, Platinum
CIBC
CIBC Classic Visa Card for Students
Classic, Gold, Platinum
CIBC
CIBC Advantage Debit Card
Debit
CIBC
CIBC Tim Hortons Double Double Visa Card
Classic, Gold, Platinum
CIBC
CIBC TELUS Rewards Visa Card*
Classic, Gold, Platinum
CIBC
CIBC Aventura Visa Card for Students
Classic, Gold, Platinum
CIBC
CIBC Aero Platinum Visa Card for Students
Classic, Gold, Platinum
CIBC
CIBC Tim Hortons Double Double Visa Card for Students
Classic, Gold, Platinum
CIBC
CIBC TELUS Rewards Visa Card for Students*
Classic, Gold, Platinum
CIBC
CIBC Dividend Visa Card for Students
Classic, Gold, Platinum
CIBC
CIBC Smart Prepaid Visa Card
Prepaid
CIBC
CIBC Smart Prepaid Travel Visa Card
Prepaid
Scotiabank
Scotialine Visa for Business Visa Card
Business
Scotiabank
Scotiabank Visa Commercial Card
Corporate / Purchasing
Scotiabank
Scotiabank Visa Small Business Card
Business
Scotiabank
ScotiaGold Passport for Business Visa Card
Business
Scotiabank
Scotia Momentum for Business Visa Card
Business
Scotiabank
Scotia Momentum Visa Infinite Card
Infinite
Scotiabank
Scotiabank GM Visa Infinite Card
Infinite
Scotiabank
Scotiabank GM Visa Card
Classic, Gold, Platinum
Scotiabank
Scotia Momentum Visa Card
Classic, Gold, Platinum
Scotiabank
No-Fee Moneyback Visa*
Classic, Gold, Platinum
Institution Card Product
Classic, Gold, Platinum, Infinite,
Infinite Privilege, Business,
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Infinite Business, Corporate/
Purchasing, Prepaid or Debit
Scotiabank
ScotiaHockey NHL Visa Card*
Classic, Gold, Platinum
Scotiabank
SCENE Visa
Classic, Gold, Platinum
Scotiabank
Student SCENE Visa
Classic, Gold, Platinum
Scotiabank
No-Fee ScotiaGold Visa Card
Classic, Gold, Platinum
Scotiabank
Scotiabank Value Visa Card
Classic, Gold, Platinum
Scotiabank
No-Fee Scotiabank Visa
Classic, Gold, Platinum
Scotiabank
ScotiaGold Passport Visa Card
Classic, Gold, Platinum
Scotiabank
No-Fee Scotiabank Value Visa Card
Classic, Gold, Platinum
Scotiabank
ScotiaLine Visa Card
Classic, Gold, Platinum
Scotiabank
ScotiaLine for Business Visa Card
Business
Scotiabank
Scotia Momentum No-Fee Visa
Classic, Gold, Platinum
Scotiabank
L'earn Visa Card
Classic, Gold, Platinum
Scotiabank
Scotia Rewards Visa Card
Classic, Gold, Platinum
Scotiabank
Scotiabank More Rewards Visa Card
Classic, Gold, Platinum
Scotiabank
Scotiabank US Dollar Visa Card
Classic, Gold, Platinum
Scotiabank
ScotiaCard Debit Card
Debit
Scotiabank
SCENE Debit Card
Debit
Desjardins
Desjardins Business Card
Business
Desjardins
Desjardins US Business Card
Business
Desjardins
Desjardins Business Advantage Card
Business
Desjardins
Desjardins Corporate Card
Corporate / Purchasing
Desjardins
Desjardins Purchasing Card
Corporate / Purchasing
Desjardins
Desjardins Business Freedom Solutions
Business
Desjardins
Visa for Students Only
Classic, Gold, Platinum
Desjardins
Visa Cash Back
Classic, Gold, Platinum
Desjardins
Visa Classic
Classic, Gold, Platinum
Desjardins
Visa Elegance Gold
Classic, Gold, Platinum
Desjardins
Visa Modulo Gold
Classic, Gold, Platinum
Desjardins
Visa Odyssey Gold
Classic, Gold, Platinum
Desjardins
Visa Prestige Platinum*
Classic, Gold, Platinum
Desjardins
Visa U.S. Card*
Classic, Gold, Platinum
Desjardins
Desjardins Odyssey Visa Infinite Privilege
Infinite Privilege
Desjardins
Desjardins Prepaid Card
Prepaid
Laurentian
Visa Business Card
Business
Laurentian
Visa Business Performance Card
Business
Laurentian
Laurentian Bank Visa Business Crevier
Business
Laurentian
Visa EXPLORE
Classic, Gold, Platinum
Laurentian
Visa DOLLARS
Classic, Gold, Platinum
Laurentian
Visa REWARD ME
Classic, Gold, Platinum
Laurentian
Visa Black
Classic, Gold, Platinum
Laurentian
Student Visa Black
Classic, Gold, Platinum
Institution Card Product
Classic, Gold, Platinum, Infinite,
Infinite Privilege, Business,
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Infinite Business, Corporate/
Purchasing, Prepaid or Debit
Laurentian
Visa Black Reduced Rate
Classic, Gold, Platinum
Laurentian
Visa STM
Classic, Gold, Platinum
Laurentian
Laurentian Bank Complicité Visa Card*
Classic, Gold, Platinum
Laurentian
FADOQ Gold Privilege Visa Card
Classic, Gold, Platinum
Laurentian
Visa Infinite Réseau des ingénieurs Card*
Infinite
Laurentian
OSPE Visa Infinite Card*
Infinite
Laurentian
Laurentian Bank Visa Infinite Card
Infinite
Chase Canada
Marriott Rewards Premier Visa Card
Classic, Gold, Platinum
Chase Canada
Amazon.ca Rewards Visa Card
Classic, Gold, Platinum
Home Trust
Home Trust Secured Visa Card
Classic, Gold, Platinum
Home Trust
Home Trust Equityline Visa Card
Classic, Gold, Platinum
Home Trust
Visa PropriOR
Classic, Gold, Platinum
Home Trust
Home Trust Giant Tiger Rewards
Classic, Gold, Platinum
Home Trust
Union Plus Canada Visa
Classic, Gold, Platinum
Home Trust
Optimax Secured Visa
Classic, Gold, Platinum
Home Trust
Optimax Cash Back Visa Card
Classic, Gold, Platinum
U.S. Bank Canada
U.S. Bank Canada Corporate Card
Corporate / Purchasing
U.S. Bank Canada
U.S. Bank Canada US Dollar Corporate Card
Corporate / Purchasing
U.S. Bank Canada
U.S. Bank Canada Purchasing Card
Corporate / Purchasing
U.S. Bank Canada
U.S. Bank Canada One Card
Corporate / Purchasing
Vancity
enviro Expense Gold Visa
Corporate / Purchasing
Vancity
enviro Classic Visa
Classic, Gold, Platinum
Vancity
enviro Gold Visa
Classic, Gold, Platinum
Vancity
enviro Reloadable Visa
Prepaid
Vancity
enviro Gift Card Visa
Prepaid
Citibank
Citi Commercial Card
Corporate / Purchasing
ICBC Canada
ICBC Visa Card
Classic, Gold, Platinum
ICICI Canada
ICICI Coral Visa Card
Classic, Gold, Platinum
ICICI Canada
ICICI Rubyx Visa Platinum Card
Classic, Gold, Platinum
Citizen Bank
Shared Interest Classic Visa
Classic, Gold, Platinum
Citizen Bank
Shared Interest Classic Student Visa
Classic, Gold, Platinum
Citizen Bank
Amnesty International Visa
Classic, Gold, Platinum
Citizen Bank
Oxfam Canada Visa
Classic, Gold, Platinum
Citizen Bank
Shared Interest Gold Visa
Classic, Gold, Platinum
Citizen Bank
Citizens Bank Reloadable Visa
Prepaid
Citizen Bank
Citizens Bank Gift Visa Card
Prepaid
Citizen Bank
Corporate Reward Visa Gift Card
Prepaid
RBC
Virtual Visa Debit Card
Debit
RBC
RBC Visa Gift Cards
Prepaid
Institution Card Product
Classic, Gold, Platinum, Infinite,
Infinite Privilege, Business,
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Infinite Business, Corporate/
Purchasing, Prepaid or Debit
RBC
RBC Visa Commercial Prepaid Card
Prepaid
RBC
RBC RateAdvantage Visa
Classic, Gold, Platinum
RBC
RBC Visa Classic Low Rate
Classic, Gold, Platinum
RBC
RBC Visa Classic II*
Classic, Gold, Platinum
RBC
RBC Rewards+ Visa
Classic, Gold, Platinum
RBC
RBC Visa Gold Preferred*
Classic, Gold, Platinum
RBC
RBC Rewards Visa Gold*
Classic, Gold, Platinum
RBC
RBC Rewards Visa Preferred
Classic, Gold, Platinum
RBC
Signature RBC Rewards Visa
Classic, Gold, Platinum
RBC
RBC U.S. Dollar Visa Gold
Classic, Gold, Platinum
RBC
RBC Visa Platinum*
Classic, Gold, Platinum
RBC
RBC Visa Platinum Avion
Classic, Gold, Platinum
RBC
RBC Visa Cash Back*
Classic, Gold, Platinum
RBC
RBC Private Banking Visa Infinite*
Infinite
RBC
RBC Visa Infinite Avion
Infinite
RBC
RBC Avion Visa Infinite Privilege
Infinite Privilege
RBC
RBC Avion Visa Infinite Privilege for Private Banking
Infinite Privilege
RBC
RBC Visa Business
Business
RBC
RBC Visa CreditLine for Small Business
Business
RBC
RBC Visa Business Platinum Avion
Business
RBC
RBC Esso Visa*
Classic, Gold, Platinum
RBC
RBC Cathay Pacific Visa Platinum
Classic, Gold, Platinum
RBC
RBC British Airways Visa Infinite
Infinite
RBC
RBC Commercial Avion Visa
Corporate / Purchasing
RBC
RBC Commercial Cash Back Visa
Corporate / Purchasing
RBC
RBC Commercial U.S. Dollar Visa
Corporate / Purchasing
RBC
RBC Commercial Visa
Corporate / Purchasing
TD
TD Access Debit Card
Debit
TD
TD Aeroplan Visa Infinite Privilege Card
Infinite Privilege
TD
TD Aeroplan Visa Infinite Card
Infinite
TD
TD Aeroplan Visa Platinum Card
Classic, Gold, Platinum
TD
TD Aeroplan Visa Business Card
Business
TD
TD Business Travel Visa Card
Business
TD
TD First Class Travel Visa Infinite Card
Infinite
TD
TD Business Visa Card
Business
TD
TD Venture Line of Credit Visa Card
Business
TD
TD Classic Travel Visa Card*
Classic, Gold, Platinum
TD
TD Platinum Travel Visa Card
Classic, Gold, Platinum
TD
TD Drivers Rewards Visa Card*
Classic, Gold, Platinum
TD
TD Emerald Visa Card*
Classic, Gold, Platinum
TD
TD Emerald Flex Rate Visa Card
Classic, Gold, Platinum
TD
TD Green Visa Card*
Classic, Gold, Platinum
Institution Card Product
Classic, Gold, Platinum, Infinite,
Infinite Privilege, Business,
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Infinite Business, Corporate/
Purchasing, Prepaid or Debit
TD
TD U.S. Dollar Visa Card
Classic, Gold, Platinum
TD
TD Gold Elite Visa Card*
Classic, Gold, Platinum
TD
TD Gold Select Visa Card*
Classic, Gold, Platinum
TD
TD Cash Back Visa Card
Classic, Gold, Platinum
TD
TD Cash Back Visa Infinite Card
Infinite
MBNA
MBNA NFL Rewards Visa Card
Classic, Gold, Platinum
MBNA
MBNA Visa Infinite Smart Cash Card
Infinite
MBNA
Nordstrom Rewards Visa Platinum Card
Classic, Gold, Platinum
MBNA
Nordstrom Rewards Visa Infinite Card
Infinite
Meridian
Meridian Visa Cash Back Card
Classic, Gold, Platinum
Meridian
Meridian Visa Platinum Cash Back Card
Classic, Gold, Platinum
Meridian
Meridian Visa Platinum Travel Rewards Card
Classic, Gold, Platinum
Meridian
Meridian Visa Infinite Cash Back Card
Infinite
Meridian
Meridian Visa Infinite Travel Rewards Card
Infinite
Meridian
Meridian Visa US Dollar Card
Classic, Gold, Platinum
Meridian
Meridian Visa Business Flex Cash Back Plus Card
Business
Meridian
Meridian Visa Business Cash Back Plus Card
Business
Meridian
Meridian Visa Infinite Business Cash Back Plus Card
Infinite Business
Manulife
Manulife MONEY Visa Platinum Card
Classic, Gold, Platinum
Manulife
Manulife MONEY Visa Infinite Card
Infinite
Peoples Trust
Vanilla Visa Card
Prepaid
Peoples Trust
Nextwave Titanium + Visa
Prepaid
Peoples Trust
Give & Go Visa Prepaid Card
Prepaid
Peoples Trust
3V Visa® Prepaid Vouchers
Prepaid
Peoples Trust
InteliSpend Universal Visa Card
Prepaid
* In market, no longer being issued.
Please note: The card product categories applicable to Visa issuer card programs listed above are based
on the information of, and authorization from, Visa’s issuing clients. This information is, to the best of
Visa’s knowledge, accurate as of the date of this document. Card programs are established by Visa’s
issuing clients, and this information is provided by Visa for convenience only. Visa does not warrant the
accuracy or currency of this information.
