President’s Choice Financial (PC Financial)

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated September 8, 2017)

ByMatt September 8, 2017September 20, 2023

It has been 4 months since the last time I updated this list, so it is probably due for an update (especially since we are adding a new company to the list!) as we approach the last third of the year. Last year was a strong year for credit cards, so I anticipated a slow year in 2017.

I always have fun ranking the credit card companies out there. It helps me get an idea on which companies are making progress and which ones are regressing.

Canadian Imperial Bank of Commerce (CIBC) | President's Choice Financial (PC Financial) | Simplii Financial

CIBC creates Simplii with PC Financial Customers

ByMatt August 21, 2017August 20, 2017

Effective November 1, 2017, the jointe venture between Loblaws and CIBC (who ran PC Financial) will terminate. Going forward, PC Financial’s banking clients (over 2 million) will be transferred to CIBC’s new direct banking subsidiary Simplii Financial.

However, the PC Financial’s credit card customers remained unaffected. Which means that the PC Points program with continue business as usual and still run by Loblaws. Do note when your PC Financial banking service is move to Simplii, you will no longer automatically accumulate PC Points with your banking services.

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated May 1, 2017)

ByMatt May 1, 2017September 20, 2023

It has been exactly 6 months since the last time I updated this list. The reason is because there has been very little movement until the past two months, where there were quite a few changes in the credit card industry that warrants an update to the rankings. Last year was a strong year for credit cards, so I assumed that 2017 would be a slow down year anyway. Unfortunately, most of the changes so far to the industry have been negative. Companies that moved down the list is because of a negative change. The ones that moved up is due to the downfall of the other companies.

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated December 1, 2016)

ByMatt December 1, 2016September 20, 2023

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:

Capital One | Chase Canada (Discontinued) | HSBC | National Bank | President's Choice Financial (PC Financial)

Credit Card Companies that Can Take it to the Next Level

ByMatt November 30, 2016November 30, 2016

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.

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated October 1, 2016)

ByMatt October 1, 2016September 20, 2023

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.

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated August 1, 2016)

ByMatt August 1, 2016September 20, 2023

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:

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated April 1, 2016)

ByMatt April 1, 2016September 20, 2023

I will be looking to update this list every time I see some significant movement in the industry. This is the third time that this is being updated (February and March).

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated March 1, 2016)

ByMatt March 1, 2016September 20, 2023

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.

Ranking the Credit Card Portfolios of Each Canadian Financial Institutions (updated February 1, 2016)

ByMatt February 1, 2016September 20, 2023

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.