In Ontario, a credit card is defined much as it is in British Columbia and New Brunswick:
"... a card or device under which a borrower can obtain advances under a credit agreement ... for open credit."
Ogilvie notes that most legal definitions of credit card:
"... focus on a card by which credit may be obtained or a card by which goods or services may be obtained on a deferred payment basis or a card ... by which a borrower may obtain advantage under a credit agreement."
In Canada's Criminal Code, at 321:
"... any card, plate, coupon book or other device issued or otherwise distributed for the purpose of being used ... on presentation to obtain, on credit, money, goods, services or any other thing of value ...."
REFERENCES:
- Consumer Protection Act, Statutes of British Columbia 2004, Chapter 2, §57
- Consumer Protection Act, Statutes of Ontario 2002, Chapter 30, §1
- Cost of Credit Disclosure Act, Revised Statutes of New Brunswick 1973, Chapter C-28, §1(d)
- Criminal Code of Canada, Revised Statutes of Canada 1985, Chapter C-46, §321
- Duhaime, Lloyd, Credit Card Law - David v Goliath
- Ogilvie, M., Bank and Customer Law in Canada (Toronto: Irwin Law, 2007), page 372-373