This is the first list of 2017. Hope to start the year with a bang. However, 2016 was a very strong year for credit card sign up bonuses, so I am expecting a pull back this year.
For now, here’s the list to start the year, many of which are a carry-over from last year.
This is the last month of a very strong year for higher than normal credit card sign up bonuses. Also not listed in my monthly lists are frequent first year fee waived promotional offers.
Of course there is still room for improvement, but compared to recent years, I really do feel that credit card companies have done well this past year. Two thumbs up overall!!
A few changes to the credit card industry, as well as a new addition warrants an update to this list. Below is the explanation of each grouping:
We are on the final 2 months of a strong year of higher than normal credit card sign up bonuses that went along with record high bank profits, which is a nice surprise, because I would think that when banks are making a lot of money, they aren’t as interested in finding new clients.
I have been ranking the overall credit card portfolios of each financial institutions. However, I think it may be worthwhile to rank business credit card portfolios only. As I have been collecting my own batch of business credit cards, this will be helpful for me too.
Another month, another list of higher than normal credit card sign up bonus promotions. As we close out the year, it does seem like we may be closing out the year strong, granted many of the current offers expire at the end of the month. This year has been a great overall year for credit card sign up bonuses, even though we’ve been seeing record high profits from the major banks.
A reader asked me last time, what the purpose was of this ranking. Basically, you do what you want with the list, take it for what it is. As a consumer, this list can give you an idea on where to shift your business. For example, if you want to see some of the smaller companies survive and thrive, you will know where to move your business.
The list has really trimmed down for this month. I really hope that it picks back up as we lead into the fall, but with record profits, that doesn’t seem likely at the moment.
The list has really trimmed down for this month. I really hope that it picks back up as we lead into the fall. That being said, 2016 has been a pretty good year for credit card sign up bonuses, so we were due for a break month. I expect that things will pick back up in the fall, as companies will want to close out the year strong.
It has been a few months since I last updated this list. The reason is because there was no significant shift in the industry until now.
I decided to change up my classifications a little bit. I’ve split up the credit card companies into 4 groupings: