Okay, so before (or while) people go ape shit over this. Let's break it down a little.

I don't pretend to know the international credit card market aside from the fact that most countries don't do credit like America does credit.

Chase was offering TWO VISA cards in Canada. One through Amazon.com and one through Marriott (the hotel). They had previously CLOSED all of these accounts in the prior 10 months.

I don't pretend to understand the international credit card market but this seems like minor penetration. I'll look up the Canadian credit card market the rest of the night.

You only had Visa and you only had two processors. Most people when their account gets closed start paying off as fast as they can. Well, most responsible people (such as Canadians are) do.

SO: All these accounts were closed months ago and have been collected on since.

TL;DR: Canadians pay off their debts fast. It's no longer financially responsible for the firm to attempt to collect outstanding debts.

Open questions: Why did Chase decide to discard their Marriott and Amazon Visa cards last year?

How big of a player IS Chase on the international credit card market?

This seems like kind of a PR spin with no major economic downside for Chase. In America (and possibly Europe?) we think of Chase as a big name. Doesn't seem like Canada was crazy important to them, though.

Happy to hear substantive other inputs.