No question that sign up bonuses are a great way to pile up the miles and points quickly. However, you do also want to maximize your return on every day spending as well. Today, I will list some of the top credit cards that you may want to consider adding to your portfolio for the long haul.
Another month, another set of promotional offers to consider. Last month was a fairly extensively list. A bunch of credit cards got taken off the list this time around, but still a fair amount to choose from.
I have said this for a while now, with the way things are going (clamping down on churning), cash back credit cards become more valuable.
This has become a monthly list for me. You may see some credit card promotions, but I will mostly likely just combine them into this list. Unless there is a very time sensitive sign up to fully qualify for a specific bonus.
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).
For the people who fall under this category of monthly spending ($5,000 or more), more than likely they are frequent travellers. So I will be going with the following monthly spending breakdown:
It has been a while since we last updated this list. With the weak Canadian dollar, apparently slowly recovering, I thought I’d update the list of United States affiliated credit cards offered by Canadian financial institutions.
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:
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:
I have written posts ranking each financial institution, but I thought it would be fun to write a post listing the top 1 credit card per institution. I have listed the credit cards based on the most recent financial institution rankings. Maybe one day I will list the top credit cards, but it highly depends on a person’s needs, so it is very subjective.