Which Credit Cards I Would Keep Beyond the First Year Fee
If churning came to an end tomorrow, because all banks completely shut it down, then we will need to decide which credit cards we would want to retain over the medium and possibly long term.
MBNA
The Top Credit Card Spending Bonuses (updated March 10, 2016)
It has been just over a year since I last updated this list. With a few cancellations and changes since, I thought I’d give this list a nice little update. I find that spending bonuses are very valuable, because it rewards big spenders with a benefit that helps offset an annual fee, which will reduce the urge for churning. Personally, I would actually like to see a lot more of these types of incentives with more credit cards.
American Express (AMEX) | Best Western (Best Western Rewards) | Chase Canada (Discontinued) | Marriott Hotels & Resorts (Marriott Bonvoy) | MBNA | Starwood Preferred Guest (Merged with Marriott Bonvoy)
Hotel Co-Branded Credit Cards Market Wide Open
It is very slim pickings for co-branded hotel loyalty program credit cards in Canada. These are only 4 credit cards left to choose from. This also means that the market is completely wide open. Unfortunately, the weak Canadian dollar is really not helping the potential for a hotel rewards program to want to enter the Canadian market.
American Express (AMEX) | Bank of Montreal (BMO) | Canadian Imperial Bank of Commerce (CIBC) | Chase Canada (Discontinued) | MBNA | National Bank
Top Credit Card Sign Up Bonuses for March 2016
The beginning of January started off pretty week, and things started to pick up as the month went on. Below are the top current higher than normal credit card sign up bonus offers to watch out for. As a result, February’s list looks a lot more promising with a few more choices.
American Express (AMEX) | Bank of Montreal (BMO) | Canadian Imperial Bank of Commerce (CIBC) | Canadian Tire | Capital One | Chase Canada (Discontinued) | Desjardins | HSBC | Laurentian Bank | MBNA | National Bank | President's Choice Financial (PC Financial) | Rogers Bank | Royal Bank of Canada (RBC) | Scotiabank | Tangerine | Toronto Dominion (TD) | Walmart Financial
Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated March 1, 2016)
I did not think that I was going to be updating this post so quickly, but enough has changed from last month that it warrants an update. Every time there are some significant movements in the credit card industry, I plan on updating the rankings of this post. You will notice that under every credit card companies’ explanation for its ranking, I will be listing some of its top credit cards to choose from.
American Express (AMEX) | Canadian Imperial Bank of Commerce (CIBC) | Capital One | MBNA | Rogers Bank | Royal Bank of Canada (RBC)
My Current Credit Card Portfolio
I have been asked this question many times. What do you have in your credit card portfolio? Well, here it is! I would like to note that I set my wife up on a different credit card portfolio than mine,…
American Express (AMEX) | Bank of Montreal (BMO) | Canadian Imperial Bank of Commerce (CIBC) | Capital One | Chase Canada (Discontinued) | MBNA | Tangerine
Best No Annual Fee Credit Cards
For those of you who don’t like paying annual fees. This is the post for you. Personally, I would actually prefer signing up for credit cards that waive their first year annual fees. Those are generally the credit cards with much more generous sign up bonuses. So you take the bonus first, then decide what you want to do with the credit card after the first year. In some cases, it may make sense to pay the annual fee.
American Express (AMEX) | Bank of Montreal (BMO) | Capital One | Chase Canada (Discontinued) | MBNA | Royal Bank of Canada (RBC)
Building a Credit Card Portfolio for Frequent Travellers
Carefully putting together a credit card portfolio to optimize your purchases can be a hassle. That being said, a frequent traveller has a lot of travel expenses that can be optimized if you put together a strong credit card portfolio.
American Express (AMEX) | Bank of Montreal (BMO) | Canadian Imperial Bank of Commerce (CIBC) | Chase Canada (Discontinued) | MBNA | Scotiabank
Top Credit Card Sign Up Bonuses for February 2016
The beginning of January started off pretty week, and things started to pick up as the month went on. Below are the top current higher than normal credit card sign up bonus offers to watch out for. As a result, February’s list looks a lot more promising with a few more choices.
American Express (AMEX) | Bank of Montreal (BMO) | Canadian Imperial Bank of Commerce (CIBC) | Canadian Tire | Capital One | Chase Canada (Discontinued) | Desjardins | HSBC | Laurentian Bank | MBNA | National Bank | President's Choice Financial (PC Financial) | Rogers Bank | Royal Bank of Canada (RBC) | Scotiabank | Tangerine | Toronto Dominion (TD) | Walmart Financial
Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated February 1, 2016)
This is not going to be an easy post to write, but I did want to try to pin each financial institution against each other to see how they fair. This is going to be a very subjective post where I am going to rank each each company based on their overall credit card portfolio. I am also going to list out some of the top credit cards offered by each institution.