We are back this month with the top first year fee waived promotions. We have now added a commentary to each card instead of a short summary at the top of the page. For this post, we are only listing cards that offer a limited time first year fee waived promotion, rather than permanent offers.
You may have noticed by now that we started adding or expanding our commentaries to our monthly posts. Today is no different as we list the top cash back credit cards currently offering at least a 10% cash back bonus promotion. There are many other cash back offers out there too, but because the market is very competitive now, only the 10% and above promotions make it to our monthly list.
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.
Beginning this month, I will attempt to put a commentary below each credit card instead of writing a summary at the top. Over time, I will look at expanding my commentary more.
This post is designed to list all the temporary higher than normal sign up bonus offers across the country. The cards are listed by expiry dates, with the ones expiring first at the top. If there is a tie-break in terms of expiry date, then it is sorted in alphabetical order.
For this month, National Bank moved its offer to end in June 2023 and TD moved their offer to May 2023, while the HSBC offer is coming to an end.
Limited Time First Year Fee Waived Offers
For this month, Tangerine extended its offer that expired last month to expire this month instead. The rest of the offers remain the same.
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 month’s list, quite a few offers (between Scotiabank and TD) expired on January 3, 2023. While National Bank and RBC have promotions expiring before the end of the month. Scotiabank pushed its offer till the end of the month, while TD modified some of their offers and now expiry in May.
For this month, there are no changes until next month’s list. Every thing stayed the same from last month.
Limited Time First Year Fee Waived Offers
For this month, the offers with BMO and Tangerine from last month that were expiring have all been extended. Now the Tangerine offers are set to expiry before month end.
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 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.