Credit card bonus offers are a quick way to earn rewards when customers use the card regularly. Sign-up bonus offers can come in the form of cash back, miles, or points. These are the top Canadian credit cards that offer the best sign-up bonuses.
Some of the largest bonuses typically come from travel credit cards — airline- and hotel-branded cards especially. One tip: just get another credit card to grab the sign up bonus on offer.
Scotiabank Gold American Express Card
The Scotiabank Gold American Express card has the best earning rate in the Canadian marketplace for users who put most of their everyday spending on their credit card. It has great earning rates, especially in the restaurants category, and a host of travel insurance coverage. Users will receive 4 points per dollar spent on gas, grocery, restaurant & entertainment purchases and 1 point per dollar on all other transactions. Users will earn 15,000 bonus points ($150) with their first $1,000 spent in everyday purchases during the first 3 months. The Scotiabank Gold American Express card does have an annual fee of $99.
MBNA World Elite Card
The MBNA World Elite card is one of a few cards you want to keep in your wallet for non-category spend. It is a MasterCard so acceptance is not an issue. This card gives users a full 2% return, in restriction free, cold, hard cash. The MBNA World Elite does come with an annual fee of $89, but this is waived in the first year. Customers will receive a sign-up bonus of 10,000 points equivalent to $100.
BMO World Elite Credit Card
The Bank of Montreal World Elite Credit Card is quickly becoming a top card in the Canadian marketplace. Users can look forward to a sign-up bonus of 30,000 points. This card is great for people in one of the following categories: spend more than $1500 / month in categories other than gas, grocery, restaurant, those who want a few lounge passes each year for travel or users who want to buy up to 31 days of travel medical coverage for a very small fee. Customers will receive 2% cash back as statement credit at the end of each month. The annual fee is $150.
Scotiabank Momentum Visa Infinite Card
This is the ideal card for customers who spend a significant amount each month on gas and at Canadian grocery stores, such as Loblaws, No Frills or FreshCo, that don’t accept American Express cards. This card offers 4% unrestricted cash back on gas and grocery, 2% on drugstores and bills and 1% cash back on everything else. Occasionally, they have a promotion to earn 10% cash back on everyday purchases for the first 3 months. The annual fee is waived in the first year and is $99 after that.
Scotiabank SCENE Visa Critical Credit Card
The Scotiabank SCENE Visa is a good choice for students and young people who want a no fee card that is easy to get approved for. This card is great for you if you go to the movies often, will use up all of your rewards, want a no-fee card and do not need a card to provide insurance benefits. Users receive 1 SCENE point per 1$ spent. Users can look forward to a sign-up bonus of 2,000 bonus points with the first $500 in everyday purchases for the first 3 months.
American Express Essential Credit Card
A large outstanding balance on a credit card can be a stressful weight to carry, and after bearing this debt for a long time, high interest rates may make it difficult to finally pay off. Fortunately, those who have had issues with this in the past can get a head start on their obligations with the American Express Essential credit card. Cardholders who transfer their balance from another card or account enjoy 6 months of paying just 1.99%. This card also has no annual fee. Customers will also enjoy emergency card replacement, 24/7 customer service, fraud protection and prevention tools, along with $100,000 worth of travel accident insurance.
Scotiabank Passport Visa Infinite
The Scotiabank Passport Visa Infinite allows users to earn 25,000 bonus points after charging $1,000 to the card in the first 3 months. This card also carries no foreign transaction fee, which is great for Canadians who are frequent travelers. Cardholders earn 2 Scotia Rewards points for every $1 they spend in four distinct categories: grocery stores, dining, entertainment and daily transit, which includes things like public transit, taxis and more. All other eligible purchases earn 1 Scotia Rewards point per $1 spent. Customers will also get an additional 10,000 points annually if they charge at least $40,000 on the card.