Royal Bank of Canada (RBC) is looking to complete a mega deal by purchasing HSBC Canada, who has 130 branches and 4,200 full time employees in Canada servicing some 780,000 customers. This massive deal can come out to $13.5 billion CAD. There are going to be a lot of hurdles along the way before this gets finalized. But if it has been announced in the news, it usually means that it is moving along.
For this month, you will notice that all the current offers run well into 2023, aside from Brim Financial. All previous offers that were scheduled to expire in 2022 where slightly modified and extended into 2023.
Limited Time First Year Fee Waived Offers
For this month, there were quite a few changes relatively speaking. First of all, most of the previous month expiring offers were extended by a few months longer. The BMO Business and Tangerine offers will be coming to an end before it makes it to the next monthly list. Also, we added the Rogers Connections card in the permanent offers section.
BMO preemptively extended the deadline of their personal card offers until the summer of 2023.
HSBC extended their offers to the end of February 2023.
Scotiabank extended their offers and increased some sign up bonuses.
TD changed up their TD First Class offer, as well as increased its annual fee.
RBC extended their offers throughout end of fall and into the beginning of 2023. The only card that will not make it to next month’s list is the RBC Cathay Pacific offer. Furthermore, two new RBC offers (Ion cards) have been added to the list.
For this month, the HSBC and TD each over offers that are coming to an end. Aside from that, BMO extended their offers to July 2023 (originally planned to end in December of 2022).
Limited Time First Year Fee Waived Offers
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.
For this month, the Tangerine extended their offer till mid November. The HSBC offers are up next to expiry. Lastly, the American Express SimplyCash Preferred Card is now taken off the permanent offers. The is another reminder that permanent offers can be terminated at any point in time, versus temporary offers that have a known expiry date.
For this month’s list, most of the TD offers were extended to the beginning of January, while most of the RBC offers were pushed till the end of October. The HSBC offers are coming to an end before next month’s list, so if you have been contemplating signing up, now is as good as time as any to go for them. Furthermore National Bank added two new offers that expire in January.
For this month, the Scotiabank and TD extended their offers.
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.
Today, we are fortunate enough to have Senior Vice President, Barry Gollom, at HSBC Bank Canada who will share more in-depth insights on its rewards program. Thank you Barry for taking time out of your busy schedule to answer our questions, we really appreciate it!
1) Please tell us about yourself and your role with HSBC Bank Canada.