Seems like cash back credit cards have become quite popular in Canada. So I thought I’d provide a monthly Top Cash Back Credit Card Offers post.
Keep in mind that the list is going to provide the better than normal sign up bonus offers. If you want to stay up to date with any cash back credit card offers, you can visit the Top Cash Back Credit Cards page.
For now, check out the monthly promotional offers ranked by annual fees:
I decided to provide my list a few days earlier than normal (either 5th or 7th of the month) because the TD promotion is expiring on the 5th, so I thought I’d give a few more days heads up.
Keep in mind that the list I provide are offers that are higher than the normal sign up bonuses only. I will be coming out with other types of lists, like first year fee waived promotions, and maybe other lists recommended by my readers (please provide in the comment section below).
There are a handful of credit card companies that are really upping their game when it comes to cash back credit cards. Some promotions are permanent or indefinite, others are temporary.
For the past 2 years, I really felt that the Canadian credit card companies are putting more and more emphasis on cash back credit cards. Maybe they are capitalizing on people’s frustration with mile and points programs. Maybe it is more profitable, considering that there is no real lucrative sign up bonuses that are offered. Whatever the reason is, I really do believe that the current competitive in the cash back market is the best I’ve ever seen.
First year fee waived promotions are extremely valuable. One of the biggest deterrence of signing up for a credit card is a hefty annual fee. By waiving the first year annual fee, customers can get a free trial before deciding whether they want to keep it going.
I have written posts ranking each financial institution, but I thought it would be fun to write a post listing the top credit card of each financial institution. I have listed the credit cards based on the most recent financial institution rankings….
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.