April's best 3 credit card offers and welcome bonuses
Best credit card offers in Canada, in alphabetical order
Every month the credit card experts at Money.ca compare the best credit card deals, sign-up bonuses and best welcome offers in Canada to list them here. For more, read our expert-curated best credit cards Canada list to discover our gold, silver and bronze winners in all major categories.
Card
Welcome Offer
Disclosures:
-
Rates, fees and other information are effective as of January 3, 2025. Subject to change.
Conditions Apply. Visit here for the Scotiabank Passport® Visa Infinite* Card to learn more.
*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information. - To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
Best welcome bonus credit card overall
up to 85,000 pts†
Welcome Bonus
$3,040
First Year Value
$40
Annual Value
Welcome Bonus: Earn up to $3,000 in value† including up to 85,000 Aeroplan points†. Conditions Apply. Offer effective as of January 7, 2025.
Get this card if you...
-
want exclusive travel perks like lounge access
-
want to maximize your Aeroplan points with great offers
-
want comprehensive travel insurance to ensure peace of mind
Annual Fee & Annual Interest Rates
$599
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
Our Take
The TD® Aeroplan® Visa Infinite Privilege* Card is a premium travel rewards credit card tailored for frequent Air Canada travelers, offering elevated Aeroplan points on direct Air Canada purchases, as well as on eligible gas, grocery, travel, and dining expenses. Cardholders benefit from perks such as a NEXUS application fee rebate, complimentary first checked bag for the primary cardholder and up to eight companions on Air Canada flights, and access to select airport lounges; however, the card carries a substantial annual fee and requires a high personal or household income for eligibility.
Eligibility
Excellent (740+)
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Pros
-
Welcome bonus up to $3,000 in value† including up to 85,000 Aeroplan points†
-
Complimentary Maple Leaf Lounge† access and six worldwide lounge visits annually†
-
Priority Airport Services† like Boarding, Baggage Handling, and Priority Boarding
-
High Aeroplan® earn rates, double points on eligible Air Canada purchases
-
Extensive travel insurance benefits
-
Free checked bags on Air Canada
-
Preferred Pricing on Aeroplan® flight rewards
-
Visa Infinite Privilege* designation perks (e.g. DragonPass membership)
-
Up to $100 CAD NEXUS credit†
-
Troon Rewards Platinum status benefit
Cons
-
Steep annual fee of $599
-
High eligibility requirements ($150,000 personal or $200,000 household income)
-
Additional cardholder fee of $199
-
High-value rewards mainly for Air Canada flights
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
Fees
$599
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards Aeroplan
2 points†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
1.5 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.25 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
6
Get 6 lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
2x
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore
50%
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
$100
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
1st
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
10%
Get 10% savings at Avis and Budget in North America, 5% off internationally†
Insurance Benefits
$1,500
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn up to $3,000 in value† including up to 85,000 Aeroplan points (enough for a round trip to Honolulu†) and additional travel benefits. Conditions Apply. Offer effective as of January 7, 2025.
Earn a welcome bonus of 20,000 Aeroplan points when you make your first Purchase with your new Card†
Earn an additional 35,000 Aeroplan points when you spend $12,000 within 180 days of Account opening†
Plus, earn a one-time anniversary bonus of 30,000 Aeroplan points when you spend $24,000 within 12 months of Account opening†
Additional Travel Benefits
Enroll for NEXUS and once every 48 months get a partial application fee rebate†
Share first free checked bags with up to 8 travel companions† and get unlimited access to Maple Leaf Lounges† including complementary access for one guest.
Plus, primary cardholders get 6 complimentary worldwide select airport lounge visits annually through the Visa Airport Companion Program†
Starbucks Bonus Offer for New Linked Members†: Link your TD Aeroplan Visa Infinite to earn 600 Starbucks Stars and redeem them for free Starbucks treats. Limited time only. Conditions and restrictions apply.
Our Take
The TD® Aeroplan® Visa Infinite Privilege* Card is a premium travel rewards credit card tailored for frequent Air Canada travelers, offering elevated Aeroplan points on direct Air Canada purchases, as well as on eligible gas, grocery, travel, and dining expenses. Cardholders benefit from perks such as a NEXUS application fee rebate, complimentary first checked bag for the primary cardholder and up to eight companions on Air Canada flights, and access to select airport lounges; however, the card carries a substantial annual fee and requires a high personal or household income for eligibility.
Eligibility
Excellent (740+)
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Pros
-
Welcome bonus up to $3,000 in value† including up to 85,000 Aeroplan points†
-
Complimentary Maple Leaf Lounge† access and six worldwide lounge visits annually†
-
Priority Airport Services† like Boarding, Baggage Handling, and Priority Boarding
-
High Aeroplan® earn rates, double points on eligible Air Canada purchases
-
Extensive travel insurance benefits
-
Free checked bags on Air Canada
-
Preferred Pricing on Aeroplan® flight rewards
-
Visa Infinite Privilege* designation perks (e.g. DragonPass membership)
-
Up to $100 CAD NEXUS credit†
-
Troon Rewards Platinum status benefit
Cons
-
Steep annual fee of $599
-
High eligibility requirements ($150,000 personal or $200,000 household income)
-
Additional cardholder fee of $199
-
High-value rewards mainly for Air Canada flights
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
Fees
$599
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards Aeroplan
2 points†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
1.5 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.25 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
6
Get 6 lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
2x
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore
50%
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
$100
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
1st
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
10%
Get 10% savings at Avis and Budget in North America, 5% off internationally†
Insurance Benefits
$1,500
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn up to $3,000 in value† including up to 85,000 Aeroplan points (enough for a round trip to Honolulu†) and additional travel benefits. Conditions Apply. Offer effective as of January 7, 2025.
Earn a welcome bonus of 20,000 Aeroplan points when you make your first Purchase with your new Card†
Earn an additional 35,000 Aeroplan points when you spend $12,000 within 180 days of Account opening†
Plus, earn a one-time anniversary bonus of 30,000 Aeroplan points when you spend $24,000 within 12 months of Account opening†
Additional Travel Benefits
Enroll for NEXUS and once every 48 months get a partial application fee rebate†
Share first free checked bags with up to 8 travel companions† and get unlimited access to Maple Leaf Lounges† including complementary access for one guest.
Plus, primary cardholders get 6 complimentary worldwide select airport lounge visits annually through the Visa Airport Companion Program†
Starbucks Bonus Offer for New Linked Members†: Link your TD Aeroplan Visa Infinite to earn 600 Starbucks Stars and redeem them for free Starbucks treats. Limited time only. Conditions and restrictions apply.
Disclosures:
-
This offer is not available for residents of Quebec. For Quebec residents, please click here.
The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.
†Terms and conditions apply.
Top welcome bonus credit card in Canada for travel
up to 40,000 points
Welcome Bonus
$1,190
First Year Value
$390
Annual Value
Welcome Bonus: Earn up to 40,000 Aeroplan®* points*.
Get this card if you...
-
fly with Air Canada and want bonus Aeroplan points
-
want comprehensive travel insurance to ensure peace of mind
-
need flexible points that can be redeemed for a great rewards
Annual Fee & Annual Interest Rates
$120
Annual Fee
Our Take
The American Express® Aeroplan®* Card is a travel rewards credit card designed for individuals who frequently fly with Air Canada and its partners, offering the ability to earn Aeroplan points on everyday purchases. Cardholders benefit from travel-related perks such as preferred pricing on flight rewards and comprehensive insurance coverage, enhancing their overall travel experience.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
Pros
-
Aeroplan Points Accumulation: Earn up to 2 Aeroplan points per $1 spent on purchases.
-
Free Checked Bags: Free first checked bag on Air Canada flights for you and up to nine travel companions.
-
Preferred Pricing on Flight Awards: Access to preferred pricing on Aeroplan flight rewards.
-
Travel Insurance Coverage: Includes six types of robust travel insurance.
-
Fast Track to Elite Status: Ability to reach Aeroplan Elite status more quickly.
-
American Express Experiences: Exclusive access to dining, sports, and entertainment events, plus Front Of The Line for presales and reserved tickets.
-
No Preset Spending Limit: Flexible spending based on credit history and account activity.
Cons
-
Limited Acceptance: American Express cards may not be as widely accepted as Visa or Mastercard.
-
High APR on Unpaid Balances: A steep annual interest rate of 30% for unpaid balances.
-
Limited Lounge Access: No access to Maple Leaf or PriorityPass lounges.
-
Restricted Points Earn Rate: The 2x points earn rate on Air Canada and Air Canada Vacations only applies to direct bookings through the airline.
-
Charge Card Expectations: You're expected to pay off the entire balance each month.
-
Specialized Rewards: High-value rewards primarily focused on redeeming for Air Canada flights.
Annual Interest Rates
30.00%
Penalty
Fees
$120
Annual Fee
2.50%
Foreign Transaction
$3
Cash Advance
$25
Return Penalty
Rewards Aeroplan
2x
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
1.5x
the points on eligible Dining and Food Delivery purchases in Canada
1x
the points on everything else
Insurance Benefits
$500,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn up to 40,000 Aeroplan®* points*. Here's how:
Earn 30,000 Aeroplan®* points* after spending $3,000 on your Card within the first 3 months as a new American Express® Aeroplan®* Cardmember.*
Earn 10,000 Aeroplan®* points* when you spend $1,000 in month 13.*
*Current or former Cardmembers with this Card are not eligible for these offers. Other terms apply.
Our Take
The American Express® Aeroplan®* Card is a travel rewards credit card designed for individuals who frequently fly with Air Canada and its partners, offering the ability to earn Aeroplan points on everyday purchases. Cardholders benefit from travel-related perks such as preferred pricing on flight rewards and comprehensive insurance coverage, enhancing their overall travel experience.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
Pros
-
Aeroplan Points Accumulation: Earn up to 2 Aeroplan points per $1 spent on purchases.
-
Free Checked Bags: Free first checked bag on Air Canada flights for you and up to nine travel companions.
-
Preferred Pricing on Flight Awards: Access to preferred pricing on Aeroplan flight rewards.
-
Travel Insurance Coverage: Includes six types of robust travel insurance.
-
Fast Track to Elite Status: Ability to reach Aeroplan Elite status more quickly.
-
American Express Experiences: Exclusive access to dining, sports, and entertainment events, plus Front Of The Line for presales and reserved tickets.
-
No Preset Spending Limit: Flexible spending based on credit history and account activity.
Cons
-
Limited Acceptance: American Express cards may not be as widely accepted as Visa or Mastercard.
-
High APR on Unpaid Balances: A steep annual interest rate of 30% for unpaid balances.
-
Limited Lounge Access: No access to Maple Leaf or PriorityPass lounges.
-
Restricted Points Earn Rate: The 2x points earn rate on Air Canada and Air Canada Vacations only applies to direct bookings through the airline.
-
Charge Card Expectations: You're expected to pay off the entire balance each month.
-
Specialized Rewards: High-value rewards primarily focused on redeeming for Air Canada flights.
Annual Interest Rates
30.00%
Penalty
Fees
$120
Annual Fee
2.50%
Foreign Transaction
$3
Cash Advance
$25
Return Penalty
Rewards Aeroplan
2x
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
1.5x
the points on eligible Dining and Food Delivery purchases in Canada
1x
the points on everything else
Insurance Benefits
$500,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn up to 40,000 Aeroplan®* points*. Here's how:
Earn 30,000 Aeroplan®* points* after spending $3,000 on your Card within the first 3 months as a new American Express® Aeroplan®* Cardmember.*
Earn 10,000 Aeroplan®* points* when you spend $1,000 in month 13.*
*Current or former Cardmembers with this Card are not eligible for these offers. Other terms apply.
Disclosures:
-
Contact American Express for the most up-to-date referral bonus figures.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.
Best sign-up bonus for a Canadian credit card
up to 135,000 pts†
Welcome Bonus
$1,554
First Year Value
$554
Annual Value
Welcome Bonus: Earn up to $1,000 in value†, including up to 135,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply.
Get this card if you...
-
are a frequent traveler and prefer Expedia for bookings
-
want comprehensive travel insurance to ensure peace of mind
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$139
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The TD First Class Travel® Visa Infinite* Card is a travel rewards credit card offering elevated TD Rewards Points on purchases made through Expedia® For TD, as well as on groceries and dining. Cardholders benefit from a substantial welcome bonus, an annual $100 TD Travel Credit, and access to Visa Infinite privileges, including concierge services and exclusive experiences.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
Major combined value for the welcome bonus (up to $1,000 in value)†
-
Good base earn rate on all purchases
-
Huge earn rate when you book travel through Expedia® For TD†
-
Very flexible redemption options
-
$100 TD Travel Credit†
-
Visa Infinite Benefits
-
Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
-
Does not provide free lounge access
-
Charges foreign transaction fees
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$139
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards TD Rewards
8 Points
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
6 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
4 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10% Bonus Points
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
$100
Get an annual TD Travel Credit when you book at Expedia For TD†
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,000 in value†, including up to 135,000 TD Rewards Points, no Annual Fee for the first year† and additional travel benefits. Conditions Apply. Offer effective as of January 7, 2025.
Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†.
Earn 115,000 TD Rewards Points when you spend $5,000 within 180 days of Account opening†.
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
Get an annual TD Travel Credit† of $100 when you book at Expedia® For TD.
Get an Annual Fee Rebate for the first year†.
To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
Starbucks Bonus Offer for New Linked Membersx: Link your TD First Class Travel Visa Infinite to earn 600 Starbucks Stars and redeem them for free Starbucks treats. Limited time only. Conditions and restrictions apply.
Our Take
The TD First Class Travel® Visa Infinite* Card is a travel rewards credit card offering elevated TD Rewards Points on purchases made through Expedia® For TD, as well as on groceries and dining. Cardholders benefit from a substantial welcome bonus, an annual $100 TD Travel Credit, and access to Visa Infinite privileges, including concierge services and exclusive experiences.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
Major combined value for the welcome bonus (up to $1,000 in value)†
-
Good base earn rate on all purchases
-
Huge earn rate when you book travel through Expedia® For TD†
-
Very flexible redemption options
-
$100 TD Travel Credit†
-
Visa Infinite Benefits
-
Great savings on annual fees for accountholders of TD’s All-Inclusive Banking Plan
Cons
-
Does not provide free lounge access
-
Charges foreign transaction fees
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$139
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards TD Rewards
8 Points
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
6 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
4 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
2 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
10% Bonus Points
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
$100
Get an annual TD Travel Credit when you book at Expedia For TD†
Insurance Benefits
$1,000
Mobile device insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,000 in value†, including up to 135,000 TD Rewards Points, no Annual Fee for the first year† and additional travel benefits. Conditions Apply. Offer effective as of January 7, 2025.
Earn a welcome Bonus of 20,000 TD Rewards Points when you make your first Purchase with your Card†.
Earn 115,000 TD Rewards Points when you spend $5,000 within 180 days of Account opening†.
Earn a Birthday Bonus of 10% of the TD Rewards Points you have earned over the past year, up to a maximum of 10,000 TD Rewards points†.
Get an annual TD Travel Credit† of $100 when you book at Expedia® For TD.
Get an Annual Fee Rebate for the first year†.
To receive the first-year annual fee rebate for the Primary Cardholder, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening. To receive the Additional Cardholder(s) first-year annual fee rebate, you must add your Additional Cardholder(s) while the offer is in effect.
Starbucks Bonus Offer for New Linked Membersx: Link your TD First Class Travel Visa Infinite to earn 600 Starbucks Stars and redeem them for free Starbucks treats. Limited time only. Conditions and restrictions apply.
Disclosures:
-
This offer is not available for residents of Quebec. For Quebec residents, please click here .
The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please click the Apply Now button. Sponsored Content.
† Terms and conditions apply.
Best welcome bonus for credit card balance transfers
0% intro rate
Welcome Bonus
$0
First Year Value
$0
Annual Value
Welcome Bonus: Get a 0% promotional annual interest rate (“AIR”)† for 12 months on balance transfers✪ completed within 90 days of account opening.
Get this card if you...
-
want a low interest rate with no annual fee
-
value extended warranty and purchase protection
-
want to pay down existing credit card debt
Annual Fee & Annual Interest Rates
$0
Annual Fee
12.99%
Purchase
24.99%
Cash Advance
17.99%
Balance Transfer
Our Take
The MBNA True Line® Mastercard® is a no-annual-fee credit card designed for individuals seeking a low-interest option for managing their finances. It offers a competitive interest rate on purchases and balance transfers, along with benefits such as fraud protection and discounts on car rentals.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
Solid welcome offer: 12 months of 0% APR† on balance transfers✪ made within the first 90 days (3% transfer fee applies)
-
No annual fee or minimum income requirement
-
Low standard interest rate of 12.99% for all new purchases charged to the card
-
Some extra perks like fraud protection and a discount on car rentals
Cons
-
3% balance transfer fee is comparatively high
-
Very high cash advance interest rate of 24.99%
-
No insurance benefits
-
Can’t transfer a balance owed to either MBNA or TD
Annual Interest Rates
12.99%
Purchase
24.99%
Cash Advance
17.99%
Balance Transfer
0.00%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards
0%
Promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account.
100%
This card is made from 100% recycled plastic
Our Take
The MBNA True Line® Mastercard® is a no-annual-fee credit card designed for individuals seeking a low-interest option for managing their finances. It offers a competitive interest rate on purchases and balance transfers, along with benefits such as fraud protection and discounts on car rentals.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
Solid welcome offer: 12 months of 0% APR† on balance transfers✪ made within the first 90 days (3% transfer fee applies)
-
No annual fee or minimum income requirement
-
Low standard interest rate of 12.99% for all new purchases charged to the card
-
Some extra perks like fraud protection and a discount on car rentals
Cons
-
3% balance transfer fee is comparatively high
-
Very high cash advance interest rate of 24.99%
-
No insurance benefits
-
Can’t transfer a balance owed to either MBNA or TD
Annual Interest Rates
12.99%
Purchase
24.99%
Cash Advance
17.99%
Balance Transfer
0.00%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
2.50%
Foreign Transaction
3.00%
Balance Transfer
Rewards
0%
Promotional annual interest rate† (a 3% transfer fee applies) for 12 months on any balance transfer✪ completed within 90 days of opening the account.
100%
This card is made from 100% recycled plastic
Disclosures:
-
†, ✪, Terms and Conditions apply.
This offer is not available for residents of Quebec. For residents of Quebec, please click here.
Sponsored advertising. MBNA is a division of The Toronto-Dominion Bank (TD) and TD is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete information on this MBNA credit card, please click on the “Apply Now” button.
The Toronto-Dominion Bank is the issuer of this credit card. MBNA is a division of The Toronto-Dominion Bank. ®MBNA and other-trademarks are the property of The Toronto-Dominion Bank.
Best BMO credit card offers
up to 10% cash back
Welcome Bonus
$1,025
First Year Value
$570
Annual Value
Welcome Bonus: Get up to 10% cash back in your first 3 months, $75 cash back bonus when you spend $25,000 in your first year, and the $120 annual fee waived in the first year†. Expires Jun 01, 2025
Get this card if you...
-
are a high-earner looking to earn cash back
-
want great perks like travel insurance and concierge services
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$120
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® World Elite®* Mastercard®* is a premium credit card offering elevated cash back rates on categories such as groceries, transit, gas, and recurring bill payments. Cardholders benefit from complimentary roadside assistance, comprehensive insurance coverage, and flexible cash back redemption options, so you can maximize your rewards on everyday spending.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
Rewards cash back
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Insurance Benefits
$2,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get up to 10% cash back in your first 3 months and earn an additional $75 cash back bonus when you spend $25,000 in your first year. Plus, we'll waive the $120 annual fee in the first year.†
†Terms and Conditions apply,
Our Take
The BMO CashBack® World Elite®* Mastercard®* is a premium credit card offering elevated cash back rates on categories such as groceries, transit, gas, and recurring bill payments. Cardholders benefit from complimentary roadside assistance, comprehensive insurance coverage, and flexible cash back redemption options, so you can maximize your rewards on everyday spending.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Valuable sign-up bonus
-
High 5% cash back rate on groceries
-
Free roadside assistance
-
Excellent extended warranty and purchase protection terms
Cons
-
Restrictive spending limits for most cash back categories
-
Sign-up bonus structure is head-scratchingly complicated
-
High minimum income requirements
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
2.50%
Foreign Transaction
Rewards cash back
5%
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
4%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
3%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
2%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
1%
Everything Else: 1% cash back, unlimited*
Insurance Benefits
$2,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get up to 10% cash back in your first 3 months and earn an additional $75 cash back bonus when you spend $25,000 in your first year. Plus, we'll waive the $120 annual fee in the first year.†
†Terms and Conditions apply,
Disclosures:
- *Terms and conditions apply.
-
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
Top credit card offers from CIBC for cash back
10% cash back†
Welcome Bonus
$878
First Year Value
$558
Annual Value
Welcome Bonus: Earn 10% cash back for the first 4 statements on net purchases of up to $2,000.† Plus, get a first-year annual fee rebate for you and up to three Authorized Users.†
Get this card if you...
-
want high cash back rates on groceries, gas and recurring bills
-
value comprehensive insurance benefits
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$120
Annual Fee
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
Our Take
The CIBC Dividend® Visa Infinite* Card is a cash back credit card offering elevated earn rates on categories such as groceries, gas, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection, and optional insurance coverages. It's a good option for those seeking to maximize cash back on everyday spending.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
First-year annual fee rebate†
-
10% cash back welcome bonus up to $2,000† spend
-
4% cash back on gas, electric vehicle charging and grocery stores
-
2% cash back on transportation, dining and recurring payments
-
High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
Cons
-
High income requirement
-
Sparse travel insurance offering
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$120
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
4%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
10 cents
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $2,000†.
Our Take
The CIBC Dividend® Visa Infinite* Card is a cash back credit card offering elevated earn rates on categories such as groceries, gas, transportation, dining, and recurring payments. Cardholders benefit from features like purchase security, extended protection, and optional insurance coverages. It's a good option for those seeking to maximize cash back on everyday spending.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
First-year annual fee rebate†
-
10% cash back welcome bonus up to $2,000† spend
-
4% cash back on gas, electric vehicle charging and grocery stores
-
2% cash back on transportation, dining and recurring payments
-
High annual spending cap on benefits ($20,000 in bonus categories or $80,000 total)
Cons
-
High income requirement
-
Sparse travel insurance offering
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$120
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards cash back
4%
cash back on eligible gas, EV charging, and grocery purchases.†
2%
cash back on eligible transportation, dining purchases and recurring payments†
1%
cash back on all other purchases†
10 cents
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $2,000†.
Disclosures:
- †Terms and Conditions Apply. This offer is not available for the residents of Quebec.
- The information for the CIBC Dividend® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
CIBC credit card offers for Travel
up to 35,000 pts†
Welcome Bonus
$1,920
First Year Value
$570
Annual Value
Welcome Bonus: Get up to $1,350 in value, including up to 35,000 Aventura Points.†
Get this card if you...
-
want to accelerate earning Aventura points
-
want comprehensive travel insurance coverage
-
want lounge access and a NEXUS rebate
Annual Fee & Annual Interest Rates
$139
Annual Fee
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
Our Take
The CIBC Aventura® Visa Infinite* Card is a travel rewards credit card that allows cardholders to earn Aventura Points on everyday purchases, with accelerated rates for eligible travel booked through the CIBC Rewards Centre, as well as at gas stations, EV charging stations, grocery stores, and drug stores. It offers benefits such as four complimentary visits to over 1,200 airport lounges globally through the Visa Airport Companion Program, a NEXUS™ application fee rebate, and comprehensive travel insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
First year annual fee rebate
-
High welcome bonus
-
Easy-to-use points redemption process
-
Nexus application fee rebate
-
Four complimentary lounge passes that can be used at 1,200+ airports
-
Mobile device and extended warranty insurance
Cons
-
Uninspired travel insurance offering
-
Difficult to earn points through daily spending
-
$139 annual fee that’s hard to justify
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$139
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards Aventura
2
points for every $1 spent on travel purchased through the CIBC Rewards Centre†
1.5
points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
point for every $1 spent on all other purchases†
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Get a total of up to 35,000 Aventura Points (up to $800 in value†) during your first year:
15,000 Aventura Points when you make your first purchase†
20,000 Aventura Points when you spend $3,000 or more in net purchases in the first 4 monthly statement periods†
Get a one-time annual fee rebate ($139) for you (the primary cardholder) and up to three authorized users ($50 each): up to $189 value.†
Elevate your airport experience with 4 complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program: up to $277 value.
Plus, get a NEXUS™ Application Fee rebate: a $100 value.†
Our Take
The CIBC Aventura® Visa Infinite* Card is a travel rewards credit card that allows cardholders to earn Aventura Points on everyday purchases, with accelerated rates for eligible travel booked through the CIBC Rewards Centre, as well as at gas stations, EV charging stations, grocery stores, and drug stores. It offers benefits such as four complimentary visits to over 1,200 airport lounges globally through the Visa Airport Companion Program, a NEXUS™ application fee rebate, and comprehensive travel insurance.
Eligibility
Good (620 - 670)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
First year annual fee rebate
-
High welcome bonus
-
Easy-to-use points redemption process
-
Nexus application fee rebate
-
Four complimentary lounge passes that can be used at 1,200+ airports
-
Mobile device and extended warranty insurance
Cons
-
Uninspired travel insurance offering
-
Difficult to earn points through daily spending
-
$139 annual fee that’s hard to justify
Annual Interest Rates
20.99%†
Purchase
22.99%†
Cash Advance
22.99%†
Balance Transfer
25.99%†
Penalty
Fees
$139
Annual Fee
2.50%†
Foreign Transaction
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards Aventura
2
points for every $1 spent on travel purchased through the CIBC Rewards Centre†
1.5
points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1
point for every $1 spent on all other purchases†
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$2,500
Hotel burglary insurance
$65,000
Rental car insurance amount
Get a total of up to 35,000 Aventura Points (up to $800 in value†) during your first year:
15,000 Aventura Points when you make your first purchase†
20,000 Aventura Points when you spend $3,000 or more in net purchases in the first 4 monthly statement periods†
Get a one-time annual fee rebate ($139) for you (the primary cardholder) and up to three authorized users ($50 each): up to $189 value.†
Elevate your airport experience with 4 complimentary visits at 1,200+ lounges globally through Visa Airport Companion Program: up to $277 value.
Plus, get a NEXUS™ Application Fee rebate: a $100 value.†
Disclosures:
- †Terms and Conditions Apply. This offer is not available for residents of Quebec.
- The information for the CIBC Aventura® Visa Infinite* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
Top credit card offers from American Express
up to 15,000 points
Welcome Bonus
$630
First Year Value
$480
Annual Value
Welcome Bonus: Earn up to 15,000 Welcome Bonus Membership Rewards® points* – that’s up to $150 in value.
Get this card if you...
-
quickly rack up rewards on dining and grocery purchases
-
want a flexible rewards program with travel rewards
-
want access to exclusive events and robust travel insurance
Annual Fee & Annual Interest Rates
$155.88
Annual Fee
21.99%
Purchase
21.99%
Cash Advance
Our Take
The American Express Cobalt® Card is a versatile rewards credit card designed for individuals who frequently spend on dining, groceries and travel-related expenses. It offers flexible redemption options and includes various travel and purchase protections, making it a comprehensive choice for those seeking to maximize rewards on everyday spending.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
-
High earn rates (up to 5% return on spending!)
-
Flexible month-by-month fee structure
-
Free supplementary cards
-
1:1 points transfer with selected hotels, airlines and frequent flyer programs
Cons
-
Accelerated earn rates only apply to purchases in Canada (not to purchases made abroad)
-
Amex has a more limited merchant acceptance rate than Visa and Mastercard
-
Slightly higher than average annual fee
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$155.88
Annual Fee
2.50%
Foreign Transaction
$2.75
Cash Advance
$29
Over The Limit Penalty
$45
Return Penalty
Rewards Membership Rewards
5x
the points on eligible eats & drinks purchases in Canada
3x
the points on eligible streaming subscriptions in Canada
2x
the points on eligible gas, transit & ride share in Canada
1x
the points on everything else
1
additional Membership Rewards point for every $1 you charge on eligible hotel or car rental bookings made with American Express Travel
$100 USD
Get up to $100 USD hotel credit to use on amenities like dining, spa or other leisure facilities when charged to the room
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$250,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn up to 15,000 Membership Rewards® points* by earning 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 on your Card in your first year as a new Cardmember. This could add up to 15,000 points in a year.*
That’s up to $150 towards your next weekend getaway.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Our Take
The American Express Cobalt® Card is a versatile rewards credit card designed for individuals who frequently spend on dining, groceries and travel-related expenses. It offers flexible redemption options and includes various travel and purchase protections, making it a comprehensive choice for those seeking to maximize rewards on everyday spending.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
-
High earn rates (up to 5% return on spending!)
-
Flexible month-by-month fee structure
-
Free supplementary cards
-
1:1 points transfer with selected hotels, airlines and frequent flyer programs
Cons
-
Accelerated earn rates only apply to purchases in Canada (not to purchases made abroad)
-
Amex has a more limited merchant acceptance rate than Visa and Mastercard
-
Slightly higher than average annual fee
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$155.88
Annual Fee
2.50%
Foreign Transaction
$2.75
Cash Advance
$29
Over The Limit Penalty
$45
Return Penalty
Rewards Membership Rewards
5x
the points on eligible eats & drinks purchases in Canada
3x
the points on eligible streaming subscriptions in Canada
2x
the points on eligible gas, transit & ride share in Canada
1x
the points on everything else
1
additional Membership Rewards point for every $1 you charge on eligible hotel or car rental bookings made with American Express Travel
$100 USD
Get up to $100 USD hotel credit to use on amenities like dining, spa or other leisure facilities when charged to the room
Insurance Benefits
$1,000
Mobile device insurance amount
$5,000,000
Emergency medical insurance amount
$250,000
Travel accident insurance amount
$500
Hotel burglary insurance
$85,000
Rental car insurance amount
Earn up to 15,000 Membership Rewards® points* by earning 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 on your Card in your first year as a new Cardmember. This could add up to 15,000 points in a year.*
That’s up to $150 towards your next weekend getaway.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Disclosures:
-
Contact American Express for the most up-to-date referral bonus figures.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.
Best Amex offer with no annual fee
10,000 points*
Welcome Bonus
$340
First Year Value
$240
Annual Value
Welcome Bonus: Earn 10,000 Membership Rewards® points* when you spend $1,000 on your Card within the first 3 months as a new Cardmember.*
Get this card if you...
-
want rewards without paying an annual fee
-
want to earn points on everyday spending
-
want a flexible rewards program with exclusive perks
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
21.99%
Cash Advance
Our Take
The American Express® Green Card is a no-annual-fee credit card that allows cardholders to earn points on all purchases, with additional points for eligible hotel and car rental bookings made through American Express Travel. It also provides benefits such as purchase protection, extended warranty and access to exclusive events through American Express® Experiences.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
-
No annual fee
-
No income requirements (unlike many other no-fee cards)
-
Welcome bonus up to 10,000 points (a $100 value)
-
American Express® Experiences
Cons
-
The card only offers basic extended warranty and purchase protection insurance. No travel insurance or rental car coverage
-
Some places might not accept American Express®. However, most major retailers do (more small businesses are starting to as well)
-
Fewer perks: No specific benefits for travel or dining and no accelerated earning rates on grocery
-
Lower earn rates: The reward earn rates are lower than some other no-fee credit cards
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$2.75
Cash Advance
$29
Over The Limit Penalty
$45
Return Penalty
Rewards Membership Rewards
1x
the points on Card purchases
1
additional Membership Rewards® point for every $1 you charge to your American Express® Green Card on eligible hotel or car rental bookings made with American Express Travel
Earn 10,000 Membership Rewards® points* when you spend $1,000 on your Card within the first 3 months as a new Cardmember.*
That’s $100 towards your next shopping spree or ordering dinner in.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Our Take
The American Express® Green Card is a no-annual-fee credit card that allows cardholders to earn points on all purchases, with additional points for eligible hotel and car rental bookings made through American Express Travel. It also provides benefits such as purchase protection, extended warranty and access to exclusive events through American Express® Experiences.
Eligibility
Good (620 - 670)
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Pros
-
No annual fee
-
No income requirements (unlike many other no-fee cards)
-
Welcome bonus up to 10,000 points (a $100 value)
-
American Express® Experiences
Cons
-
The card only offers basic extended warranty and purchase protection insurance. No travel insurance or rental car coverage
-
Some places might not accept American Express®. However, most major retailers do (more small businesses are starting to as well)
-
Fewer perks: No specific benefits for travel or dining and no accelerated earning rates on grocery
-
Lower earn rates: The reward earn rates are lower than some other no-fee credit cards
Annual Interest Rates
21.99%
Purchase
21.99%
Cash Advance
28.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
$2.75
Cash Advance
$29
Over The Limit Penalty
$45
Return Penalty
Rewards Membership Rewards
1x
the points on Card purchases
1
additional Membership Rewards® point for every $1 you charge to your American Express® Green Card on eligible hotel or car rental bookings made with American Express Travel
Earn 10,000 Membership Rewards® points* when you spend $1,000 on your Card within the first 3 months as a new Cardmember.*
That’s $100 towards your next shopping spree or ordering dinner in.
*Current or former Cardmembers with this Card are not eligible for this offer. Other terms apply.
Disclosures:
-
Contact American Express for the most up-to-date referral bonus figures.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.
Top credit card offers from Scotiabank
up to 40,000 pts*
Welcome Bonus
$1,612
First Year Value
$312
Annual Value
Welcome Bonus: Earn up to $1,300* in value in the first 12 months, including up to 40,000 bonus Scene+ points*. Expires Jul 01, 2025
Get this card if you...
-
travel often and want premium travel perks like lounge access
-
want to avoid paying foreign exchange fees
-
appreciate a good welcome offer
Annual Fee & Annual Interest Rates
$150
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Passport® Visa Infinite* Card is a travel rewards credit card offering elevated Scene+ points on eligible grocery store purchases, dining, entertainment, and daily transit, with a standard earn rate on all other purchases. Cardholders benefit from no foreign transaction fees, six complimentary airport lounge visits per year through the Visa Airport Companion Program, and comprehensive travel insurance.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$150
Annual Fee
0.00%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
Rewards Scene+
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$2,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,300 in value in the first 12 months, including up to 40,000 bonus Scene+ points*.
|
Our Take
The Scotiabank Passport® Visa Infinite* Card is a travel rewards credit card offering elevated Scene+ points on eligible grocery store purchases, dining, entertainment, and daily transit, with a standard earn rate on all other purchases. Cardholders benefit from no foreign transaction fees, six complimentary airport lounge visits per year through the Visa Airport Companion Program, and comprehensive travel insurance.
Eligibility
Excellent (740+)
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Pros
-
No FX fees means the card saves you significant expenses on foreign transaction fees
-
Earn up to 3x Scene+ points per $1 spent on eligible purchases
-
Flexible and straightforward redemption program
-
Visa acceptance globally compared to American Express, especially outside major cities
-
Enjoy six annual visits to airport lounges
-
Robust insurance offerings, including extended travel emergency medical coverage
-
Access to Visa Infinite Program benefits, with added advantages like a free supplementary card
Cons
-
High annual fee
-
Limited rewards categories for earning reward max rate on purchases
-
Primarily best for travel within Canada
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$150
Annual Fee
0.00%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
Rewards Scene+
3x
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
2x
Scene+ points¹ for every $1 you spend on other eligible grocery stores, dining, eligible entertainment purchases and eligible daily transit options (including ride shares, buses, subways, taxis and more)
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$2,000,000
Emergency medical insurance amount
3
Emergency medical insurance over 65 days
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Earn up to $1,300 in value in the first 12 months, including up to 40,000 bonus Scene+ points*.
|
Disclosures:
-
Rates, fees and other information are effective as of January 3, 2025. Subject to change.
Conditions Apply. Visit here for the Scotiabank Passport® Visa Infinite* Card to learn more.
*See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
Expert tip: How to compare the best credit card offers, sign up bonuses and welcome offers
Welcome bonuses are a huge draw when it comes to getting a new credit card. However, they aren’t always offered and can frequently change. Some of the top tier cards have pretty hefty spending requirements in order to earn the full bonus, so it’s worth keeping an eye out on current credit card welcome bonuses when you know you have a big spend coming up. That being said, don’t get caught up on the sign-up bonus alone. You want to choose a credit card that, yes, has a decent welcome bonus but one that you can use regularly and benefit from in terms of perks, benefits, and rewards throughout the duration of your time with the credit card.
—Hannah Logan, Money.ca credit card, saving and travel expert
What are credit card welcome offers and how do they work?
Credit card welcome offers are bonuses and perks that entice new cardholders to choose one card over another. For example, a welcome offer for a cashback card will often increase the rate you’ll earn during the promotional period. Card promotions might also award travel or rewards points in bulk, free vouchers for airport lounge entry or vouchers for companion flights — and most waive the cardholder’s annual fee for the first year.
Many promotions provide these bonuses with no questions asked, but the most lucrative ones require the cardholder to fulfill specific criteria (like spending a certain amount or making an initial purchase) before receiving the bonus. Others may cap their rewards once a milestone has been reached. Some card issuers make a ‘welcome bonus’ part of their offering permanently, but the best package deals tend to be limited-time offers, with the clock ticking before the extra perks are off the table.
Sometimes a limited-time offer will be extended, but prospective cardholders shouldn’t bank on it. In the past, some promotions have ended due to relationship instabilities between rewards programs and card issuers, which was the case in 2017 when TD opted not to extend its Aeroplan credit card promotions. So if you see an amazing deal, jump on it!
Welcome offers are sometimes also referred to as "sign-up bonuses," but that term is misleading because it implies that you receive a bonus just for signing up. In reality, you typically earn the bonus by meeting a certain spending requirement within the first few months of card ownership. This is why some issuers prefer to use terms like "welcome offer" or "new cardholder offer" instead of "sign-up bonus."
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How much is your credit card signup bonus in Canada really worth?
What’s your welcome bonus or sign-up offer really worth? Let’s look at the value on offer from a typical welcome offer for a CIBC cash back credit card:
Welcome offer details:
- 10% cash back on all purchases for the first 4 months (up to $2,500 in spending)
- Annual fee of $120 waived for the first year
- Regular cash back rates after promo: 4% on gas/groceries, 2% on dining/transit, 1% on everything else
The quick math
Here’s what this welcome bonus is actually worth:
The true ROI
Comparing this to what you’d normally earn on $2,500 spending:
Standard earnings (assuming optimal category spending):
- $1,500 groceries × 4% = $60
- $1,000 other × 1% = $10
- Total: $70
Taking all this information into account, the welcome bonus provides a 428% better return than regular spending.
What does that mean for you?
If you spend $2,500 in the first 4 months (about $625/month):
- With promo: $250 cash back + $120 fee savings = $370
- Without promo: $70 cash back - $120 fee = -$50
Net difference: $420 in your pocket
This 10% welcome offer delivers $370 in first-year value with minimal effort. For the average Canadian household spending $625+ monthly on credit, this represents essentially free money.
You should always read the fine print when it comes to credit cards, including Canadian credit card promotions. For example, a credit card issuer might offer a sign-up bonus of 50,000 points, but the fine print will explain that you need to meet various spending goals throughout the year to achieve those points. Here are some credit card bonus conditions to be aware of when choosing a card:
- Spending goal: Many bonuses will require the cardholder to spend a certain amount before they receive their bulk points or annual fee waiver.
- 2-year problem: Many credit cards (👀 Amex) make you wait until the 12th-14th month of spending to unlock all the possible rewards which means you're paying the annual fee twice (because they're essentially locking you in for 2 years).
- Account in good standing: Bonuses may only apply to accounts that maintain their good standing with the bank (such as accounts that don’t have delinquent balances).
- Spending caps: Accelerated cashback or higher earning rates typically have a spending cap — on overall spending or category spending — so you can’t game the system.
- Bonus time windows: This means that credit card promotions are only available for a limited time, and once the deadline has passed you’re out of luck. Also, cashback at an elevated rate or balance transfers at a low rate usually only applies for the first few months after an account is set up.
- Purchase categories: A promotional cashback offer may apply to overall spending, but it may apply only to specific purchase categories, such as groceries or gas.
- Bank promotions in Canada: While most credit card promotions are at the credit card level, there are banks that "stack" rewards together when you have multiple products with them. These financial bundles can unlock even more rewards (just be careful when you start unbundling and your bank account fees jump to $16.95 per month).
Types of credit card offers in Canada and how to compare them
Not all credit card offers and promotions are equal. Here’s a breakdown of the different types of credit card promotions in Canada:
Cashback bonuses often provide a boosted earning rate on the card’s primary eligible spending category, but to a maximum amount of spending (and therefore accruable cashback) before the card’s regular cashback rate resumes. The annual fee may also be waived in the first year.
With a cash back credit card, you get cash back on eligible purchases, based on a percentage of what you’ve spent. Eligible purchases could include spending categories such as groceries, gas, travel and even bill payments.
Some of the best card bonuses for cashback credit cards include:
- An elevated cashback rate or statement credit during the promotional period
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An accelerated rewards earning rate
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An annual fee waiver for the first year
Travel card bonuses typically offer bulk travel or rewards points for reaching a spending milestone within a certain number of months; they might have an annual fee waiver attached to the milestone as well.
Rewards credit cards commonly offer bulk travel or rewards points for reaching a spending milestone within a certain period of time after opening an account.
Some of the best credit card promotional offers for rewards credit cards include:
- Bulk bonus travel or rewards points when you join and/or when you reach a spending milestone
-
Additional travel or rewards points when you make a qualified spend with a partner (such as an airline or retailer) during the promotion period
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An accelerated rewards earning rate
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An annual fee waiver for the first year
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Additional perks, such as a travel enhancement credit or companion voucher
These types of promotions will, for a set amount of time, reduce the interest rate charged to balances you’ve transferred onto the card. Sign up before the promotion expires and you’ll consolidate your balances to save a bundle on interest fees. A balance transfer credit card allows you to use one credit card to pay off another credit card, which you might consider if you’re looking to move an existing balance to a card with a lower interest rate.
Some of the best credit card promos on balance transfer credit cards include:
- A low introductory rate on transfers, sometimes as low as 0% (often for 12 to 24 months)
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A low introductory rate on purchases (during the promotion period)
Premium credit cards come with a higher annual fee, but they also come with premium perks — but when choosing a card, make sure it will still meet your needs after the promotional period is over. For example, if a promotional offer on a travel rewards card waives the annual fee of $500 for the first year, you’ll need to consider if you travel enough to justify paying $500 every year thereafter.
Some of the top credit card promotional offers for premium credit cards include:
- Bulk travel or rewards points for joining and/or when you reach spending milestones — sometimes enough to cover a roundtrip flight
-
Additional travel or rewards points when you make a qualified spend with a partner (such as an airline or retailer) during the promotion period
-
Additional perks, such as a travel enhancement credit or companion voucher
-
An accelerated rewards earning rate
-
An annual fee waiver for the first year
What's the purpose of a credit card signup bonus in Canada?
Credit card sign-up bonuses are designed to make a new credit card attractive to new potential credit card holders. In general, the more premium a credit card, the better the welcome offer usually is—but there are exceptions.
You may be tempted by a promotional offer such as a huge bonus of airline miles or rewards points if you reach a certain spending limit quickly on the new card. But you have to weigh whether you'll be able to pay off the balance quickly, without accruing interest charges. Other sign-up offers for balance transfer cards focus on low or zero-rate balance transfers, but could incur transfer fees as well.
To determine how much the card will cost and how generous its promo offer really is, you need to look at these four important terms of the credit card after the welcome bonus period ends: APR; cash advance APR; grace period; and annual fee.
The APR is essentially the interest rate. Most cards charge no interest if you pay off the balance each month by the due date. A lower APR means lower interest charges if you do have to revolve, or carry over, debt from one month to the next.
If you plan to use your credit card for cash advances (meaning you withdraw cash from the card at an ATM), you might face a higher APR for cash. That cash advance APR may kick in immediately — no matter how fast you pay off the withdrawal.
If you don't usually pay your bills promptly, you'll want to know about the card's grace period. It's the amount of time you have to pay off a new balance before finance charges are applied.
About a quarter of credit cards have an annual fee that must be paid no matter how often the card is used or how much interest is accrued. Rewards credit cards tend to come with annual fees, and you may decide the fee is worth the benefits.
Sign-up bonuses aside, look for credit cards with terms that will be acceptable if you do find yourself carrying over debt and incurring interest charges. The best strategy is to get a mix of cards with different terms for different goals: paying everyday bills, taking care of emergencies, collecting frequent-flyer miles, and so on.
Are you getting the top credit card welcome bonus in Canada?
Any of the cards listed above are fantastic for a credit card bonus. However, know that companies can change a credit card bonus at anytime. If you like a credit card sign up bonus, or any of the credit card promotions, we suggest jumping on these promotions now and you can always switch out to another card later. There are many people on Reddit who "churn" or "hack" their way to dream vacations by hopping onto some of the best credit credit card promotions in Canada, accumulate points, then ditch the card for a better offer later. Just be mindful of your credit score because amount of credit and credit history are critical factors.
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FAQs: Credit card welcome bonus and sign-up offers explained
Vawn Himmelsbach is a journalist who has been covering tech, business and travel for more than two decades. Her work has been published in a variety of publications, including The Globe and Mail, Toronto Star, National Post, CBC News, ITbusiness, CAA Magazine, Zoomer, BOLD Magazine and Travelweek, among others.
Tyler Wade has worked in personal finance for over 5 years writing for brands like Ratehub, Forbes, KOHO, and now Money.ca.
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