There's A Class Action Involving Prepaid Credit Cards In Canada & You Can Get Money

A class-action lawsuit has been launched in relation to prepaid credit cards from Amex Bank of Canada (AMEX), Vancouver City Savings Credit Union and/or Citizens Bank of Canada (Vancity), Peoples Card Services Limited Partnership, Peoples Card Services Ltd., and Peoples Trust Company (Peoples Trust), and All Trans Financial Services Credit Union Limited (All Trans).

According to the press release, the class action alleges that some cards issued between November 1, 2008 and July 18, 2016 had “fees and/or expiry dates” that were “improperly imposed.”

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You are a member of the class if you bought a prepaid credit card from one of the defendants between the above dates, reside either in B.C. or elsewhere in Canada and used it “primarily for personal, family, or household purposes.”

For people outside B.C., only cards sold by Vancity or Peoples Trust are included.

There is a list of cards that are included in the class action so you can see if you’re part of the class. If the class receives a settlement, you may be entitled to some money.