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:
You may have already been reading my top credit card company rankings that I post every few months. The next one is coming out tomorrow. However, I did want to isolate 5 specific companies that I strongly believe that they have the potential to take their business model to the next level. I say this, because they have an opportunity to take over a larger market share because of what they have already established.
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.
A reader asked me last time, what the purpose was of this ranking. Basically, you do what you want with the list, take it for what it is. As a consumer, this list can give you an idea on where to shift your business. For example, if you want to see some of the smaller companies survive and thrive, you will know where to move your business.
Looks like National Bank has decided to join the cashback competition introducing their newest MasterCard called the National Bank Echo Cashback MasterCard. Now why they have named it the Echo we haven’t too much a clue, but its returns and benefits definitely send a (large) echo to consumers.
It has been a few months since I last updated this list. The reason is because there was no significant shift in the industry until now.
I decided to change up my classifications a little bit. I’ve split up the credit card companies into 4 groupings:
As we explained in our page called “Understanding Credit Cards, credit cards that offered a fixed reward is when you know exactly how much you are going to earn and you know exactly what you are getting in return when you redeem your points.
I made a small tweak to the title to avoid confusion. This list that I put together on a monthly basis is to capture all the higher than normal sign up bonuses. For all the top current credit card sign up bonus offers, you can hover over the “Top Credit Cards” in the menu bar. There you will find a drop down menu of the credit cards sorted by categories.