With BMO looking to purchase Air Miles, American Express has discontinued its American Express Air Miles co-branded credit cards. It was really only a matter of time it seems.
All the links are broken now on their website are broken now. If you are an existing cardholders, it looks like you can continue to use your card. But I would expect those to be discontinued in the feature too.
This post was due for an update. With travel pretty much back in full swing, airport lounges are filling up again, overcrowding if anything. Part of the reason is because there are quite a few credit cards out there that offer free lounge access. Even just 10 years ago, there were only a handful of Canadian credit cards that offered free lounge access. Since then, the list seems to grow longer and longer.
Several major grocery chain stores in Canada had a price freeze on their in-house products, such as Loblaws’ No Name brand. The price freeze was to help shoppers offset against the high inflation between October 17, 2022 and January 31, 2023. This month, we are back to free for all. Today, let’s re-visit the best credit cards, along with some calculations (found below each credit card) to use on grocery spending.
For the most part, 2022 was a relatively quiet year in terms of changes to the credit card industry (in terms of permanent offers). There was a significant amount of all-time high sign up bonuses, which do not factor into our ranking system. Our rankings are based on the intention of retaining credit cards for the long term, not based on churning.
I cannot believe that it has been over 6 years since we last updated this post. So we are way overdue for an update. Furthermore, with the way inflation has been going, who does not want to reduce their credit card bill?
First of all, I recommend signing up for free loyalty programs affiliated with groceries to rack up rewards for spending, along with watching for sales. Then triple dip with using a credit card that gives a higher multiplier bonus when shopping at grocery stores.
For this month, the Scotiabank Momentum extended its offer till the end of October, 2022, while the TD Cash Back card was extended til near the end of May, 2023.
For this round, the two Tangerine card offers end the month. Also, the CIBC permanent 10% sign up bonus cash back offer has discontinued, so they were taken off this list.
Keep in mind that we still have the Top Cash Back Credit Cards page, which includes permanent and temporary offers if you wish to see a more complete list of cards, not just cards that offer at least 10% cash back.
For this round, the two Tangerine card offers end the month. Also, the CIBC permanent 10% sign up bonus cash back offer has discontinued, so they were taken off this list.
It has been over a year since our last update of this post, there are some changes to this post. Furthermore, with travel opening up more and more, lounges are filling up again. So this post was due for an update as there were several changes since then, namely the addition of DragonPass, as well as several increases to annual fees.
There was only a slight change this month where the Scotia Momentum Visa Infinite Card offer was extended.
For this month, the Tangerine offer is coming to an end before we reach the next monthly list.
Keep in mind that we still have the Top Cash Back Credit Cards page, which includes permanent and temporary offers if you wish to see a more complete list of cards, not just cards that offer at least 10% cash back.