Laurentian Bank

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

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.

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Best Current First Year Fee Waived Cards for March 2023

We are back this month with the top first year fee waived promotions. See the commentary under each credit card for more thoughts on each offer.

Limited Time First Year Fee Waived Offers

We have listed the cards based on their promotional expiry dates, categorised by month. If there is a tie-break, it is ranked by annual fee (lowest to highest), after which it will go alphabetically.

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Best Current First Year Fee Waived Cards for February 2023

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.

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

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.

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Best Current First Year Fee Waived Cards for May 2022

Compared to last month, there was a minor change, the Scotia Momentum Visa Infinite Card offer was extended to August 2022. 
For this month, the TD offers are coming to an end, so if you have been contemplating signing up, now is as good a time as any! 

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Best Current First Year Fee Waived Cards for April 2022

For this month, Laurentian Bank had an offer ending at the start of April, which has now been extended to June. HSBC also had offers expiring at the beginning of the month, which have now been modified and waiver extended to end of October. 

Only the Scotia Momentum Visa Infinite Card is expiring on this month’s list (before we make it to the next month’s list). The TD cards will expire shortly after the next month’s list is published.  

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Best Current First Year Fee Waived Cards for March 2022

For this month, the few offers that will be expiring in early April will not make it to next month’s list. TD offers that expired recently were changed and now ending in either May or July. 

Also noteworthy is that the Plastk Secured Visa Credit Card has a decent first year fee waived offer for Canadian students looking to build their credit score. 

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Best Current First Year Fee Waived Cards for February 2022

For this month, all the promotions that expired last month were extended. Brim and Laurentian Bank extended its offer last month to expire this month, while HSBC pushed it to early April.

That leaves several Scotiabank offers expiring this month. 

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Best Current First Year Fee Waived Cards for January 2022

For this month, several offers are coming to an end, notably the HSBC offers. Aside from that, Canada has a healthy amount of first year fee waived promotional offers overall with BMO, Scotiabank and TD leading the way. Hope to see other companies jump on board!