It started on Monday when police were called to an unnamed business in the city's northwest.
They were told two men had entered the business and attempted to make suspicious transactions with a prepaid Visa card.
When the clerk questioned the suspects, they fled the store. Staff got the licence plate, however, and that led police to a local car rental agency.
Officers went there and three hours later arrested one of the suspects as he returned the car.
Next, officers went to the Regina hotel where the suspect with the car had been staying. When they got there, two other suspects tried to flee, but were arrested, police said.
Police said they seized fake Visa credit cards blanks, credit card readers, card writers and other items typically used for making fraudulent credit cards.
The suspects — three men ages 19, 20 and 21 — appeared in court on March 17 and have been remanded in custody pending a bail hearing.
They face a total of 15 charges, including using a forged document, possessing instruments for copying credit card data, possession of fraudulent credit cards and possession of property obtained by crime.