Rogers Bank

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

ByMatt

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.

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

ByMatt

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:

Reward Options with the Rogers Platinum MasterCard

ByMatt

The Rogers Platinum MasterCard is quickly becoming one of the more popular credit card for Canadians, especially because it waives foreign exchange fees (generally 2.5% transaction fee with other credit cards). Not to mention that the annual fee is waived if you are a Rogers customer (which can also be considered the catch) and 1.75% cash back on all purchases.

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

ByMatt

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).

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Building a Credit Card Portfolio (around $2,000 spending per month)

ByMatt

Today, the credit card portfolio that I will be suggested is for people who spend about $2,000 a month on all their credit card bills put together. This is generally for small families of about 4 people, (2 adults and 2 children). The following is an approximate spending breakdown that I will work with:

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Building a Credit Card Portfolio (around $500 spending per month)

ByMatt

Back in 2014, we built a suggested credit card portfolio for people who spend about $500 per month. With all the changes in the industry, I though it’s time to update my suggestion. I will also be updated my suggested portfolios for the $2,000 and $5,000+ monthly spending as well. For this portfolio, it is mostly for people who live at home with their parents, so let’s say they have this approximate spending:

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

ByMatt

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.

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

ByMatt

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.