Highly substituted cationic heterocyclic nitrogen salts are versatile building blocks for a number of naturally occurring products and functional materials. In this paper, we review the very recently reported Co(III)‐, Rh(III)‐ and Ir(III)‐catalyzed inter‐ and intra‐molecular sp2 CH activation/annulations with alkynes or alkenes for the synthesis of various quaternary ammonium salts containing isoquinolinium, cinnolinium, quinolizinium, mesoionic isoquinolone, 12‐azapyrene, protoberberine, indolizinium, and isoindolium salts. In addition, the reaction scope, proposed catalytic mechanisms, and applications are also included. This review will help readers to easily understand the recent advances in this field.