Canadian Imperial Bank of Commerce (CIBC)

| | | | | | | | | | | | | | | | | | | | | | | | |

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated December 26, 2023)

ByMatt

Since the start of the decade (2022, 2021, 2020), we managed to update this list every December, mine as well keep going.

There were quite a few major changes in the industry, so there was some shift in the rankings. They are now divided in the 3 groups: top 5, from 6 to 10, and the rest.

Credit Cards which offer Free Airport Lounge Access (updated October 12, 2023)
| | | | | | | | | |

Credit Cards which offer Free Airport Lounge Access (updated October 12, 2023)

ByMatt

Travel has really spiked in 2023, compared to the past 3 years. As a result, there has been lots of complaints about overcrowding in airport lounges. Part of the reason is the free lounge access that people can receive just for being a credit card holder with certain companies. Below is a list of all the Canadian credit cards that offer free lounge access. This list does not include cards that provide a lounge membership that require a fee for each entry. 

| | | |

Top Credit Cards for Purchasing Gas (updated April 14, 2023)

ByMatt

It was good while it latest I guess. Looks like gas prices have started to spike again in the month of April after a few months of stability prior to that. Starting with new carbon tax, supply issues, etc. This is probably as good as time as any to list some of the best credit cards to use for gas purchases.

| | | | | | | | | |

Credit Cards which offer Free Airport Lounge Access (updated February 8, 2023)

ByMatt

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. 

| | | | |

Top Credit Card for Purchasing Groceries (updated on February 6, 2023)

ByMatt

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.

| | | | | | | | | | | | | | | | | | | | | | | | |

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated December 12, 2022)

ByMatt

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.

| | | | | | | | | |

Top Credit Card for Purchasing Groceries (updated on October 21, 2022)

ByMatt

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.

CIBC AC Conversion Prepaid “Bill Pay” Contest

ByMatt

We recently wrote a review about the CIBC AC Conversion Prepaid Card that you can sign up here.

Since then, CIBC has upgraded their system to make it easier to load the AC Conversion™ Visa* Prepaid Card directly through mobile or online banking. In celebration of launching this feature, there is a contest to win one of two cash prizes.