Best Credit Card Offers in Canada | December 2024
Getting a new credit card is a much sweeter experience when it comes bundled with a limited-time credit card offer for bulk bonus points, sky-high cashback levels, or accelerated rewards earning rates.
Missing one of these Canadian credit card promotions means letting a lot of extra value slip by, so before applying for offers on credit cards check to make sure there isn’t a more lucrative opportunity on the list of the best credit card promotions in Canada in alphabetical order (don't forget to check out our best credit cards Canada list afterwards).
Best welcome bonus credit cards in Canada
| Credit card | Fast facts | Sign-up offer | Get started |
|---|---|---|---|
| TD Aeroplan Visa Infinite Privilege Card |
Annual fee: $599
Income requirement: $150,000 personal or $200,000 household |
Earn up to $2,900 in value† including up to 80,000 Aeroplan points†. Conditions Apply. Account must be approved by January 6, 2025. This offer is not available for residents of Quebec. For Quebec residents, please click here. | Apply now |
| American Express® Aeroplan®* Card |
Annual fee: $120
Income requirement: None |
Earn up to 40,000 Welcome Bonus Aeroplan®* points | Apply now |
| American Express Cobalt® Card |
Annual fee: $155.88 ($12.99/month)
Income requirement: None |
Earn up to 15,000 Welcome Bonus Membership Rewards® points* – that’s up to $150 in value. | Apply now |
| American Express Green Card |
Annual fee: $0
Income requirement: None |
Apply now | |
| BMO CashBack® World Elite®* Mastercard®* |
Annual fee: $120 (annual fee waived in the first year*)
Income requirement: $80,000 personal or $150,000 household |
Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*. | Apply now |
| CIBC Aventura® Visa Infinite* |
Annual fee: $139 (First year annual fee rebate!† $50 up to 3 additional cards†)
Income requirement:$60,000 individual, or $100,000 household |
Join and get up to $1,300 in value including a first year annual fee rebate!† | Learn More |
| CIBC Dividend® Visa Infinite* |
Annual fee: $120 (First year rebated. Each additional card is $30 per year, max 3.)
Income requirement: $60,000 personal or $100,000 household |
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 $3,000†. | Learn More |
| Scotiabank Passport Visa Infinite |
Annual fee: $150
Income requirement: $60,000 personal or $100,000 household |
Earn up to $1,100* in value in the first 12 months, including up to 35,000 bonus Scene+ points | Apply now |
| Tangerine World Mastercard |
Annual fee: $0
Income requirement: $60,000 personal or $100,000 household |
Apply now | |
| TD First Class Travel Visa Infinite Card |
Annual fee: $139 (Additional cardholder† $50; First year Annual Fee Rebate†)
Income requirement: $60,000 personal or $100,000 household |
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. Account must be approved by January 6, 2025.
|
Apply now |
Disclosures:
- *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, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.
Best welcome bonus credit card overall
TD® Aeroplan® Visa Infinite Privilege* Card
4.7
up to 80K pts
Welcome offerExcellent
Suggested credit scoreEarn up to $2,900 in value† including up to 80,000 Aeroplan points†. Conditions Apply. Account must be approved by January 6, 2025.
Expires
Jan 6, 2025
Pros
-
Welcome bonus up to 80,000 Aeroplan® points† (up to $2,900 in value†) (enough for a round trip to Honolulu†)
-
Complimentary Maple Leaf Lounge† access and six worldwide lounge visits annually†
-
Priority Airport Services† like Boarding and Baggage Handling
-
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†
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
Eligibility
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
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†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
2 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.5 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
1.25 points†
Get 6 lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
6
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore
2x
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
50%
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
$100
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
1st
Get 10% savings at Avis and Budget in North America, 5% off internationally†
10%
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$599
Annual Fee Additional Cardholder† $199
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Transaction Fee
2.5%
Pros
-
Welcome bonus up to 80,000 Aeroplan® points† (up to $2,900 in value†) (enough for a round trip to Honolulu†)
-
Complimentary Maple Leaf Lounge† access and six worldwide lounge visits annually†
-
Priority Airport Services† like Boarding and Baggage Handling
-
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†
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
Eligibility
Excellent
Recommended Credit Score
$150,000
Required Annual Personal Income
$200,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$150,000
Required Annual Household Income
$200,000
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†
Earn 2 points† for every $1 spent on eligible purchases made directly with Air Canada® including Air Canada Vacations®.
2 points†
Earn 1.5 points† for every $1 you charge to your Card on eligible gas, groceries, travel and dining purchases.
1.5 points†
Earn 1.25 points† for every $1 you charge to your Card on all other purchases.
1.25 points†
Get 6 lounge visits included for each Cardholder per membership year at over 1,200 airport lounges worldwide with DragonPass†
6
Earn points twice when you provide your Aeroplan number to Aeroplan partner brands and on the Aeroplan eStore
2x
Get 50% more Aeroplan points at Starbucks when you link your TD card with your Starbucks® Rewards account. Conditions Apply.
50%
Get a NEXUS application fee rebate up to $100 (CAD) every 48 months.†
$100
Get your 1st checked bag free for you and up to eight companions† when your travel originates on an Air Canada flight.
1st
Get 10% savings at Avis and Budget in North America, 5% off internationally†
10%
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$599
Annual Fee Additional Cardholder† $199
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Cash Advance APR
22.99%
Annual Fee
$599
Foreign Transaction Fee
2.5%
TD® Aeroplan® Visa Infinite Privilege* Card welcome offer details
In terms of Aeroplan credit card offers, you can't beat the Privilege that comes along with this one. With the latest limited-time TD credit card promotion, you also receive substantial bonus points and other perks with the TD® Aeroplan® Visa Infinite Privilege* Card :
- Earn up to $2,900 in value† including up to 80,000 Aeroplan points (enough for a round trip to Honolulu†) and additional travel benefits. Conditions Apply. Account must be approved by January 6, 2025.
•Earn a welcome bonus of 20,000 Aeroplan points when you make your first purchase with your new card†
•Earn an additional 30,000 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 an 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†
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 credit card in Canada for travel
American Express® Aeroplan®* Card
4.4
Up to 40k pts*
Welcome offerGood
Suggested credit scoreEarn up to 40,000 Welcome Bonus Aeroplan®* points
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.
Eligibility
Good
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
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
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
2x
the points on eligible Dining and Food Delivery purchases in Canada
1.5x
the points on everything else
1x
$120
Annual Fee Supplementary Cards: $50 each, No Fee Supplementary Cards $0
2.5%
Foreign Transaction Fee
Annual Fee
$120
Foreign Transaction Fee
2.5%
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.
Eligibility
Good
Recommended Credit Score
$0
Required Annual Personal Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
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
the points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
2x
the points on eligible Dining and Food Delivery purchases in Canada
1.5x
the points on everything else
1x
$120
Annual Fee Supplementary Cards: $50 each, No Fee Supplementary Cards $0
2.5%
Foreign Transaction Fee
Annual Fee
$120
Foreign Transaction Fee
2.5%
American Express® Aeroplan®* Card welcome offer details
If you're looking for a travel bonus credit card, the Amex Aeroplan has you covered. Here's what you can expect from the Amex Aeroplan's welcome offer:
- Earn up to 40,000 Welcome Bonus Aeroplan®* points
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.*
Earn up to $900 or more in value in your first 13 months of Cardmembership.
*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 Canadian credit card sign-up bonus
TD First Class Travel® Visa Infinite* Card
3.8
Good
Suggested credit scoreEarn up to $1,000 in value†, including up to 135,000 TD Rewards Points† and no Annual Fee for the first year†. Conditions Apply. Account must be approved by January 6, 2025.
Expires
Jan 6, 2025
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
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
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†
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
8 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
6 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
4 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
2 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†.
10% Bonus Points
Get an annual TD Travel Credit when you book at Expedia For TD†
$100
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder† $50; First year Annual Fee Rebate†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
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
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
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†
Earn 8 TD Rewards Points† for every $1 you spend through ExpediaForTD†
8 Points
Earn 6 TD Rewards Points† for every $1 you spend on groceries and restaurants.†
6 Points
Earn 4 TD Rewards Points† for every $1 you spend on recurring bill payments.†
4 Points
Earn 2 TD Rewards points for every $1 you spend using your card.†
2 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†.
10% Bonus Points
Get an annual TD Travel Credit when you book at Expedia For TD†
$100
20.99%
Purchase APR APR for purchases 20.99%†
22.99%
Balance Transfer Rate APR for balance transfers 22.99%†
22.99%
Cash Advance APR APR for cash advances 22.99%†
$139
Annual Fee Additional cardholder† $50; First year Annual Fee Rebate†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CND
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$139
Foreign Transaction Fee
2.5%
TD First Class Travel® Visa Infinite* Card welcome offer details
This may be the best welcome bonus credit card in Canada with all those points. Adding on to the latest TD promotions, this card lets you earn up ta huge welcome bonus:
- 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. Account must be approved by January 6, 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, you must activate your Card and make your first Purchase on the Account within the first 3 months after Account opening and you must add your Additional Cardholders by January 6, 2025.
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 credit card balance transfer offers
Tangerine World Mastercard®
3.8
Good
Suggested credit scoreto receive the latest news, tips and offers by email
Pros
-
No annual fee
-
Unlimited money-back rewards
-
High 2% earn rate
-
Exclusive experiences through MasterCard
Cons
-
$60,000 minimum income requirement
-
Travel insurance would be a welcome addition to the travel-related benefits
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
2%
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
3
Get a Tangerine Savings account and get a 3rd 2% cash back category.
1
Boingo Hotspot membership for Wi-Fi at airports and on planes
1
A DragonPass membership to airport lounges (no passes)
$1000
Mobile device insurance up to $1,0000
$60,000
Purchase assurance and extended warranty protection up to $60,000 lifetime
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
2%
Get a Tangerine Savings account and get a 3rd 2% cash back category.
3
Boingo Hotspot membership for Wi-Fi at airports and on planes
1
A DragonPass membership to airport lounges (no passes)
1
Mobile device insurance up to $1,0000
$1000
Purchase assurance and extended warranty protection up to $60,000 lifetime
$60,000
20.95%
Purchase APR
22.95%
Balance Transfer Rate
22.95%
Cash Advance APR
$0
Annual Fee
2.5%
Foreign Transaction Fee
Purchase APR
20.95%
Balance Transfer Rate
22.95%
Cash Advance APR
22.95%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Pros
-
No annual fee
-
Unlimited money-back rewards
-
High 2% earn rate
-
Exclusive experiences through MasterCard
Cons
-
$60,000 minimum income requirement
-
Travel insurance would be a welcome addition to the travel-related benefits
Eligibility
Good
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
2%
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
3
Get a Tangerine Savings account and get a 3rd 2% cash back category.
1
Boingo Hotspot membership for Wi-Fi at airports and on planes
1
A DragonPass membership to airport lounges (no passes)
$1000
Mobile device insurance up to $1,0000
$60,000
Purchase assurance and extended warranty protection up to $60,000 lifetime
Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more)
2%
Get a Tangerine Savings account and get a 3rd 2% cash back category.
3
Boingo Hotspot membership for Wi-Fi at airports and on planes
1
A DragonPass membership to airport lounges (no passes)
1
Mobile device insurance up to $1,0000
$1000
Purchase assurance and extended warranty protection up to $60,000 lifetime
$60,000
20.95%
Purchase APR
22.95%
Balance Transfer Rate
22.95%
Cash Advance APR
$0
Annual Fee
2.5%
Foreign Transaction Fee
Purchase APR
20.95%
Balance Transfer Rate
22.95%
Cash Advance APR
22.95%
Annual Fee
$0
Foreign Transaction Fee
2.5%
Tangerine World Mastercard® welcome offer details
- Earn 2% cash back in two categories of your choice (e.g. groceries, restaurants, gas, entertainment, recurring bill payments and more). Money-Back Rewards are unlimited and paid monthly.
This is a free credit card with some sweet money back rewards.
Plus, get a low interest rate on Balance Transfers.
If you have a balance you owe on another credit card with a higher interest rate, transfer it to a Tangerine World Mastercard, pay the low promotional interest rate of 1.95% interest for the first 6 months (22.95% after that). A Balance Transfer fee of 1% on the amount transferred will apply.†
You do need a higher income to qualify for this card, but if you're looking for another great Tangerine credit card promotion, check out the Tangerine Money-Back card where you can still pay only 1.95% interest for the first several months
When looking at a credit card balance transfer offer, you need to compare the balance transfer rate, the fee, and the amount of months you get at that low rate.
We like Tangerine because it's a great credit card after the balance transfer period is over. But, if you're looking for the best balance transfer credit card offers with a longer pay back period or ongoing low interest rates, you might want to check out our best balance transfer credit cards page to see which one suits you best (it may not be cash back you want, but lower rates).
Best BMO offers
BMO CashBack® World Elite®* Mastercard®*
4.9
up to 10%
Welcome offerExcellent
Suggested credit scoreto receive the latest news, tips and offers by email
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
Eligibility
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
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*
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
5%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
4%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
3%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
2%
Everything Else: 1% cash back, unlimited*
1%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee annual fee waived in the first year*
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
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
Eligibility
Excellent
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$80,000
Required Annual Household Income
$150,000
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*
Groceries: 5% cash back up to $500 spent per month ($25 in cash back)*
5%
Transit: 4% cash back up to $300 spent per month ($12 in cash back)*
4%
Gas: 3% cash back up to $300 spent per month ($9 in cash back)*
3%
Recurring Bills: 2% cash back up to $500 spent per month ($10 in cash back)*
2%
Everything Else: 1% cash back, unlimited*
1%
20.99%
Purchase APR
23.99%
Balance Transfer Rate
23.99%
Cash Advance APR 21.99% for Quebec residents
$120
Annual Fee annual fee waived in the first year*
2.5%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
23.99%
Cash Advance APR
23.99%
Annual Fee
$120
Foreign Transaction Fee
2.5%
BMO CashBack® World Elite®* Mastercard®* welcome offer details
The welcome offer with the BMO CashBack World Elite isn't eye-popping but it could be worth hundreds of dollars:
- Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*
With the BMO CashBack World Elite Mastercard, you’ll earn 5% back on groceries (up to $500 per month); 4% back on ground transit (up to $300 per month); 3% back on gas and electric vehicle charging (up to $300 per month); 2% back on recurring bills (up to $500 per month); and 1% back on everything else (unlimited). Plus, you’ll save up to 25% off rentals at participating National Car Rental and Alamo Rent A Car locations, receive complimentary roadside assistance, travel and medical protection, concierge services and cashback offers when you travel and shop outside of Canada.
The cash back rate for the welcome offer is annoyingly tiered by spending category rather than offered as a flat rate, but the average Canadian at this income level can probably earn close to the maximum cashback available nonetheless.
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.
CIBC credit card offers | Cash back
CIBC Dividend® Visa Infinite* Card
4.2
10% back†
Welcome offerGood
Suggested credit scoreGet 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 $3,000†.
Pros
-
First-year annual fee rebate
-
10% cash back welcome bonus up to $3,000 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
Eligibility
Good
Recommended Credit Score
$60,000†
Required Annual Personal Income
$100,000†
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000†
Required Annual Household Income
$100,000†
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.†
cash back on eligible gas, EV charging, and grocery purchases.†
4%
cash back on eligible transportation, dining purchases and recurring payments†
2%
cash back on all other purchases†
1%
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
10 cents
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate non-Quebec residents†
22.99%†
Cash Advance APR non-Quebec residents†
$120
Annual Fee First year rebated. Each additional card is $30 per year, max 3.
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$120
Pros
-
First-year annual fee rebate
-
10% cash back welcome bonus up to $3,000 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
Eligibility
Good
Recommended Credit Score
$60,000†
Required Annual Personal Income
$100,000†
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000†
Required Annual Household Income
$100,000†
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.†
cash back on eligible gas, EV charging, and grocery purchases.†
4%
cash back on eligible transportation, dining purchases and recurring payments†
2%
cash back on all other purchases†
1%
save up to 10 cents per litre† at participating Pioneer, Fas Gas, Ultramar and Chevron gas stations.†
10 cents
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate non-Quebec residents†
22.99%†
Cash Advance APR non-Quebec residents†
$120
Annual Fee First year rebated. Each additional card is $30 per year, max 3.
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$120
CIBC Dividend® Visa Infinite* Card welcome offer details
The Cibc Dividend Visa Infinite is another card with a very impressive sign-up bonus. 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 $3,000†..
- You'll get a one-time annual fee rebate added during application. This rebate doesn’t apply to users added after application and is valid for the first year only. If you're considered for a different card, the rebate adjusts to that card's fee.†
- After that, get 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†
- Get cash back on demand - redeem your cash back at any time when you have a minimum of $25 through CIBC Online and Mobile Banking†
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 | Travel
CIBC Aventura® Visa Infinite* Card
4.9
Up to $1,300 value†
Welcome offerGood
Suggested credit scoreJoin and get up to $1,300 in value including a first year annual fee rebate!†
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
Eligibility
Good
Recommended Credit Score
$60,000†
Required Annual Personal Income
$100,000†
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000†
Required Annual Household Income
$100,000†
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†
points for every $1 spent on travel purchased through the CIBC Rewards Centre†
2
points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1.5
point for every $1 spent on all other purchases†
1
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate for non-Quebec residents†
22.99%†
Cash Advance APR for non-Quebec residents†
$139
Annual Fee First year annual fee rebate!† $50 up to 3 additional cards†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$139
Foreign Transaction Fee
2.5%
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
Eligibility
Good
Recommended Credit Score
$60,000†
Required Annual Personal Income
$100,000†
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$60,000†
Required Annual Household Income
$100,000†
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†
points for every $1 spent on travel purchased through the CIBC Rewards Centre†
2
points for every $1 spent at eligible gas stations, EV charging, grocery stores and drug stores†
1.5
point for every $1 spent on all other purchases†
1
20.99%†
Purchase APR non-Quebec residents†
22.99%†
Balance Transfer Rate for non-Quebec residents†
22.99%†
Cash Advance APR for non-Quebec residents†
$139
Annual Fee First year annual fee rebate!† $50 up to 3 additional cards†
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Purchase APR
20.99%†
Balance Transfer Rate
22.99%†
Cash Advance APR
22.99%†
Annual Fee
$139
Foreign Transaction Fee
2.5%
CIBC Aventura® Visa Infinite* Card welcome offer details
In terms of CIBC bank offers, this one is awesome for travel: Join and get up to $1,300 in value including a first year annual fee rebate!†
- 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 $261 in value.†
- Plus, get a NEXUS◊ Application Fee rebate†: A $67 value†
Aventura points don't expire, and can be used on hotels and car rentals, not just flights.
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.
Best Amex offers in Canada
American Express Cobalt® Card
4.9
up to 15k pts
Welcome offerFair
Suggested credit scoreEarn up to 15,000 Welcome Bonus Membership Rewards® points* – that’s up to $150 in value.
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
Eligibility
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
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
the points on eligible eats & drinks purchases in Canada
5x
the points on eligible streaming subscriptions in Canada
3x
the points on eligible gas, transit & ride share in Canada
2x
the points on everything else
1x
additional Membership Rewards point for every $1 you charge on eligible hotel or car rental bookings made with American Express Travel
1
Get up to $100 USD hotel credit to use on amenities like dining, spa or other leisure facilities when charged to the room
$100 USD
21.99% - 30%
Variable APR Just some text
21.99% - 1%
Cash Advance APR 2
$155.88
Annual Fee 12.99/month
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Variable APR
21.99% - 30%
Cash Advance APR
21.99% - 1%
Annual Fee
$155.88
Foreign Transaction Fee
2.5%
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
Eligibility
Fair
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Fair
Required Annual Personal Income
$0
Required Annual Household Income
$0
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
the points on eligible eats & drinks purchases in Canada
5x
the points on eligible streaming subscriptions in Canada
3x
the points on eligible gas, transit & ride share in Canada
2x
the points on everything else
1x
additional Membership Rewards point for every $1 you charge on eligible hotel or car rental bookings made with American Express Travel
1
Get up to $100 USD hotel credit to use on amenities like dining, spa or other leisure facilities when charged to the room
$100 USD
21.99% - 30%
Variable APR Just some text
21.99% - 1%
Cash Advance APR 2
$155.88
Annual Fee 12.99/month
2.5%
Foreign Transaction Fee 2.5% of the transaction in CDN
Variable APR
21.99% - 30%
Cash Advance APR
21.99% - 1%
Annual Fee
$155.88
Foreign Transaction Fee
2.5%
American Express Cobalt® Card welcome offer details
The Amex Cobalt is an impressive credit card no matter the category. So impressive, in fact, that we named it our Best Credit Card in Canada. It also comes with a pretty decent welcome bonus that is sure to turn heads:
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
American Express® Green Card
3.5
earn 10,000 pts
Welcome offerGood
Suggested credit scoreEarn a Welcome Bonus of 10,000 Membership Rewards® points – that’s $100 in value
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
Eligibility
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
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
the points on Card purchases
1x
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
1
21.99%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee No annual fee
2.5%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
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
Eligibility
Good
Recommended Credit Score
$0
Required Annual Personal Income
$0
Required Annual Household Income
Recommended Credit Score
Good
Required Annual Personal Income
$0
Required Annual Household Income
$0
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
the points on Card purchases
1x
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
1
21.99%
Purchase APR
21.99%
Cash Advance APR
$0
Annual Fee No annual fee
2.5%
Foreign Transaction Fee
Purchase APR
21.99%
Cash Advance APR
21.99%
Annual Fee
$0
Foreign Transaction Fee
2.5%
American Express® Green Card welcome offer details
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.
With $0 annual fee, Amex is almost paying you to use this card. It's regularly voted as one of the top no-annual-fee credit cards in Canada, especially for travel.
While the Amex acceptance rate is lower than Visa or Mastercard (but always improving), Amex consistently offers some of the best welcome bonus credit cards on the market. So, bookmark this page and check back often for our regular updates.
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.
Scotiabank offers
Scotiabank Passport® Visa Infinite* Card
4.3
up to 35K pts
Welcome offerExcellent
Suggested credit scoreEarn up to $1,100* in value in the first 12 months, including up to 35,000 bonus Scene+ points
Expires
Jan 3, 2025
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
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
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)
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
3x
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)
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$150
Annual Fee First supplementary Card is $0/year ($50/year on each additional Card)
0%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Transaction Fee
0%
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
Eligibility
Excellent
Recommended Credit Score
$60,000
Required Annual Personal Income
$100,000
Required Annual Household Income
Recommended Credit Score
Excellent
Required Annual Personal Income
$60,000
Required Annual Household Income
$100,000
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)
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Scene+ points¹ on every $1 you spend at Sobeys, Safeway, IGA, Foodland and participating Co-ops and more
3x
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)
2x
Scene+ point for every $1 spent on all other eligible everyday purchases
1x
20.99%
Purchase APR
22.99%
Balance Transfer Rate
22.99%
Cash Advance APR
$150
Annual Fee First supplementary Card is $0/year ($50/year on each additional Card)
0%
Foreign Transaction Fee
Purchase APR
20.99%
Balance Transfer Rate
22.99%
Cash Advance APR
22.99%
Annual Fee
$150
Foreign Transaction Fee
0%
Scotiabank Passport® Visa Infinite* Card welcome offer details
If you're looking for welcome bonus credit cards from Scotiabank, the Passport wins as one of the best credit card promotions.
- Earn up to $1,100* in value in the first 12 months, including up to 35,000 bonus Scene+ points
To qualify for these offers, make sure to open a new Scotiabank Passport Visa Infinite credit card account (“Account”) by January 2, 2025.
To qualify for the 35,000 bonus Scene+ points:
Earn 25,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months.
Plus, as a Scotiabank Passport Visa Infinite cardholder, you are eligible to earn an annual 10,000 Scene+ point bonus when you spend at least $40,000 in everyday eligible purchases annually.
Once you qualify, we’ll credit your account in 2 instalments:
25,000 bonus Scene+ points will be credited to the applicable Scene+ membership account approximately 8 weeks after the qualifying $1,000 in eligible purchases being posted to your Account within the first 3 months of Account opening.
Annual 10,000 bonus Scene+ points will be credited to your Scene+ membership account approximately 8 weeks after you have met the $40,000 annual spend threshold.
Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for the 25,000 bonus points offer. All cardholders remain eligible to earn an annual 10,000 Scene+ point bonus with an annual spend of at least $40,000.
See terms and conditions for full details.
Disclosures:
- *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 credit cards with a sign up bonus or 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."
Methodology: Best credit cards offers Canada-wide
If you're looking for the best credit card bonus, know that the best sign-up bonus offers are determined by the Money.ca editorial team and based on factors and features that everyday users care about most. We adhere to strict standards of editorial integrity to help you make decisions with confidence. The products featured in this article were independently selected, but please be aware that some products and services linked in this article are from our sponsors.
We collect data from providers’ websites by researching the offerings, using their services and watching demonstrations as required. Our goal is to provide an independent review, and give you the information you need to make a decision on which product or service is best for you.
How much is your credit card signup bonus in Canada really worth?
Read the credit card’s conditions and fine print to understand if you first need to meet a spending goal before earning the bonus, if the bonus rate only applies to a certain type of spending, or if there’s a maximum amount you can earn at the accelerated rate. Chances are that multiple conditions apply at once, and these will all factor into how worthwhile the sign-up bonus is really worth.
For example, say a promotional credit card deal in Canada requires new cardholders to spend $3,000 in three months to earn 35,000 points and a $150 annual fee waiver, together worth $400. This is a 13.33% extra return on your money assuming you spend that much normally (about $1,000 per month).
The type of spending that the bonus rate applies to is relevant as well. If you’re comparing two hypothetical cards, the first of which offers 10% back on spending but only in its primary category (such as groceries) and the second of which offers 6% back on all spending, you might actually collect more cash back with the latter card, despite its seemingly low rate. For some, the decision may come down to the size of their monthly grocery bill.
The final component to consider is the maximum cashback you can earn at the bonus rate, if applicable. If you earn 10% on spending up to $2,500, for instance, the maximum cashback you’ll get during the bonus period is $250. You’ll need to compare that to the benefits of the card once the promotional period is over.
Types of credit card offers in Canada
Not all credit card offers are alike. Here’s a breakdown of the different types of credit card offers in Canada:
Cashback bonuses: 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.
Travel bonuses: 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.
Balance transfer bonuses: 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.
Credit card bonus conditions
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).
How to compare the best card bonuses for cashback credit cards
With a cashback 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
- An accelerated rewards earning rate
- An annual fee waiver for the first year
How to compare the best credit card offers in Canada for rewards credit cards
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
- An accelerated rewards earning rate
- An annual fee waiver for the first year
- Additional perks, such as a travel enhancement credit or companion voucher
How to compare the best credit card promos for balance transfer credit cards
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)
- A low introductory rate on purchases (during the promotion period)
How to compare the best credit card promotion offers for premium credit cards
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 best 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
How to compare promo offers to choose the best credit card sign-up bonus in Canada
If a card's rewards, low interest rate or other lures seem really appealing, and if your wallet could use a change of plastic, maybe you should apply—after you consider a few things.
What's the purpose of credit card sign-up bonuses?
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.
Understand the terms of the credit card after its bonus offer expires
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 best 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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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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