Finally some changes to this monthly ranking! Mainly thanks to BMO dropping their first year free offers on two big cards (I guess it shouldn't be a thank you as the offers on those cards are now weaker) We see the continuation of the very good RBC Visa Infinite offer and for the first time we see HSBC make it into this list as they join the ranks of trying to attract more customers outside of their own banking base. We also see the return of the first year free offer for the TD First Class Visa Infinite card.
Here are our top 5 credit card sign up offers for July (in alphabetical order)
Included in the revamped BMO Rewards program that essentially sees the
program devalued the BMO Rewards Mastercard has never been on this list
before. It now makes the list because it actually has a limited time
sign up bonus and the card has no annual fee so these 20,000 points
(worth ~$142) come to you at no charge. 10,000 points are awarded after
the 1st purchase and then 10,000 more if you can hit $1,000 in spending
in the first three months.
The CIBC Aventura Visa Infinite card now offers a 15,000 Aventura Points sign up bonus worth up to $300 in travel depending on what type of flight you redeem for and since the annual fee of $120 (and supplementary cards are waived as well) those 15,000 points come at no cost to you. The current offer also includes a $100 travel credit if you book travel via CIBC!
HSBC World Elite Mastercard - 30,000 points (Apply here)
This is first time we have featured a HSBC card in the Top 5 list as HSBC makes a big acquisition push for their newly released World Elite Mastercard. The card has a 20,000 point welcome bonus and then awards another 10,000 points when you spend $1,000 on the card within 90 days. All of this of course with the first year annual fee being waived! Those 30,000 points are worth $150 in travel rewards. Those points can also be converted to British Airways Executive Club, Cathay Pacific Asia Miles or Singapore Airlines KrisFlyer. Also of note is this card has no Foreign Transaction Fees!
THIS OFFER IS NO LONGER AVAILABLE
A new version of the 25,000 point offer is out now. Before it was an easy 25,000 points. Now it's 15,000 points + 10,000 more when you spend $1,000 in three months with no annual fee in the first year. Still a great offer even with the spend requirement and it still means you can get 25,000 RBC Rewards points at literally no cost to use towards flights via the RBC airline redemption program or convert to other programs like WestJet (it's 250 WestJet dollars!), British Airways or Cathay Pacific.
TD First Class Visa Infinite Card - 40,000 Points (Apply here)Last time this card was being featured with no annual fee in the first year was back in February! It's nice to see it return albeit with a slightly lower sign up bonus of 40,000 points versus 50,000 back in February You get the standard sign up bonus of 20,000 points upon approval and another 20,000 if you keep your account active an in good standing for 90 days. Those 40,000 points translate to $160 worth of travel credits for any travel booking or $200 worth of travel for bookings made via Expedia For TD
If you went for all these cards you ultimately could end up with at least $1,100 in travel credits but even if you only take on one or two you are helping your travel budget significantly at no cost other than regular credit card spend
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