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Email this12:53 pm
December 17, 2016
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(c) When you choose a PIN, you agree that you will not use all or any part of any number that can be easily obtained or guessed, such as: your or a relative’s name, birth date or telephone number; and an number on any of your Debit Cards, Accounts, Credit Cards, or ID cards that you keep with or near your Debit Cards.
That reference would be in respect to NOT using one of the group of 4-numbers on your debit/credit cards as your actual PIN number and not referring to using the same PIN number for 2 or more cards.
1:32 pm
October 21, 2013
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You may be right, but it's not entirely clear to me, so I would not want to chance it. The word "on" is a bit vague, unclear if it's meant to refer to numbers printed on the card or numbers on the card as PIN.
In any event, others have advised not to use any PIN more than once.
1:43 pm
December 17, 2016
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(c) When you choose a PIN, you agree that you will not use all or any part of any number that can be easily obtained or guessed, such as: your or a relative’s name, birth date or telephone number; and an number on any of your Debit Cards, Accounts, Credit Cards, or ID cards that you keep with or near your Debit Cards.
The context is very clear when reading that statement in it's entirety.
Using the same 4-digit pin for multiple cards is incredibly secure unless of course you choose 1234, 1111, etc, etc, ...
9:28 pm
October 21, 2013
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Clear to you; not to me.
9:53 pm
February 17, 2013
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Top It Up said
(c) When you choose a PIN, you agree that you will not use all or any part of any number that can be easily obtained or guessed, such as: your or a relative’s name, birth date or telephone number; and an number on any of your Debit Cards, Accounts, Credit Cards, or ID cards that you keep with or near your Debit Cards.The context is very clear when reading that statement in it's entirety.
Using the same 4-digit pin for multiple cards is incredibly secure unless of course you choose 1234, 1111, etc, etc, ...
When they say "any of your Debit Cards, Accounts, Credit Cards, or ID cards that you keep with or near your Debit Cards. does that mean physically on the card or digitally encoded on the card? ie- the last 4 digits on my Mastercard is the PIN for my Visa and vice-versa compared to the digital PIN encoded on the card? I'm not clear either. Sounds like a loophole to hang any unauthorized transactions on you.
If the PIN on one of your cards is compromised, that means whomever has access to all your cards if the PIN is same. How is that incredibly secure? Kind of moot with tap and go anyway, as long as they stay under the cap.
4:56 am
December 17, 2016
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Rick said
Sounds like a loophole to hang any unauthorized transactions on you.
I think you've clearly defined the definition of what not to do with your statement the last 4 digits on my Mastercard is the PIN for my Visa and vice-versa compared to the digital PIN encoded on the card?
Rick said
If the PIN on one of your cards is compromised, that means whomever has access to all your cards if the PIN is same. How is that incredibly secure? Kind of moot with tap and go anyway, as long as they stay under the cap.
Now that would be classic example of being responsible for your own personal security of your property.
7:15 am
September 11, 2013
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"and an number on any of your Debit Cards, Accounts, Credit Cards, or ID cards that you keep with or near your Debit Cards." Ok.
1. "and an number" - what's that? And does that include a one-digit number (there are only 10 digits to go around)?
2. "accounts" - ? I don't keep any "accounts" near my debit cards.
3. Also, I'm not clear how I can not keep my debit cards "with or near" my debit cards - ?
So I'd have to say I'm in the camp of the slightly confused. (Another example of my whine yesterday about stuff not working, you have to guess a lot these days to figure out what someone is really trying to say.) It seems to me the writer meant we're not to use any numbers on any other cards that you might keep in the same place (e.g. wallet) as the card in question. Also I'm assuming they're not talking about the digital world, just physical stuff but, again, that's just my guess.
7:42 am
December 17, 2016
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Bill said
1. "and an number" - what's that? And does that include a one-digit number (there are only 10 digits to go around)?
I'm not the spokesperson for CIBC but I'm pretty sure that's a typo in their brochure write-up - since it would be absolutely impossible to to come up with a 4-digit PIN that didn't include a single digit from all the info that people carry on their person
Bill said
2. "accounts" - ? I don't keep any "accounts" near my debit cards.
My mother would be a classic example of that, kept her debit card in the same folder as here monthly statements.
Bill said
3. Also, I'm not clear how I can not keep my debit cards "with or near" my debit cards?
Surprisingly, some people have and carry more than 1 debit card in their wallets / purses.
Bill said
Also I'm assuming they're not talking about the digital world, just physical stuff but, again, that's just my guess.
Again not speaking for CIBC but I'm pretty sure you can bet the house on your guess.
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And I'm done with this - where a pretty simple issue has somehow now devolved into a paranoia. Take responsibility for your cards, your PINS, and the world around you and you'll do just fine - I've been doing it for 40 years worldwide using the same PIN, across multiple cards, and have yet to have a card or an account compromised.
8:16 am
September 11, 2013
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I agree, I'm still using the same TD PIN that I started with when they brought in the Johnny Cash ATMs and when I told a teller that recently she said just keep doing what you're doing.
11:30 am
December 12, 2009
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This is lipstick on an existing pig. Canadian Tire Financial Services Ltd, which owns Canadian Tire Bank and which issues the credit cards, has tried refreshing the brand, adding Sport Chek branded cards, discontinuing certain card types (i.e., Vacation Advantage and Cash Advantage versions of their Options cards). This is just dropping of the long-standing Options brand and unifying their credit cards under a single brand (i.e., Triangle, which, ostensibly, owes its name to the upside down "red triangle" of the Canadian Tire logo) in a way that Loblaw does with its PC Financial and Optimum brands. Sure, there's minor tweaks, but, other than the "cents off per litre" at Gas+ gas bars, be cautious about what the reward value ratio is. It's often dependent on promotional items and, while Canadian Tire curiously doesn't disclose the ratios on their cards, it works out to about 0.5-0.8% on everyday, non-promotional purchases, which is near the bottom.
Scotiabank owns 20% of Canadian Tire Financial Services Ltd and funds 50% of its credit card receivables, the other 50% being funded by the Glacier Credit Card Trust off-balance sheet securitization vehicle that Canadian Tire Financial Services Ltd ("CTFSL") and Canadian Tire Bank sponsor and manage. In the short-term, until receivables are sold to GCCT, Canadian Tire funds its 50% with deposits from Canadian Tire Bank. As it's been about 5 years now, Scotiabank has an option to exercise its right to acquire an additional 29% of CTFSL for another 5 years. After 10 years (5 years from now), it could also require Canadian Tire buy back its equity stake at fair market value. 
Cheers,
Doug
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