Top 5 Credit Card Sign Up offers for July - These cards provide some of the best value out of their welcome bonuses

Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of July! This is not a 'best' credit card list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition (sign up) offers. As always when choosing a card you should always take other factors into account other than the just sign up bonus, but when most or all of these cards are first year free, they can and do pay off even when you grab them strictly for the sign up rewards.  This month we are sitting at 4 cards with no annual fees in the first year (or at all) and one card with an annual fee in the first year.

This month sees only one change - the BMO Rewards Mastercard (No fee version) has been replaced with the TD First Class Visa Infinite Card since the latter's welcome bonus (sans the 20,000 points after having it for a year) is worth $240 at a minimum versus the BMO's ~$142. Also new this month is the order we list the cards, we now list the top 5 in order of value of the welcome bonus.

Here are our top 5 credit card sign up offers for July (in order of welcome bonus value)

TD Aeroplan Visa Infinite Card - 25,000 Miles (Apply here)

Even though it is a decrease from the previous offer that ended at the start of June, this is still one of the better offers available in our market today. The bonus is awarded as follows: 15,000 Aeroplan Miles when you make your first Purchase with your Card + 10,000 Aeroplan Miles when you spend $2,000 within 90 days of Account opening. Depending on how you redeem those Aeroplan miles should be worth no less than $288 but more likely closer to $500 or more! In fact if you take the per mile value from our post from late April this welcome bonus would be worth $1,450.
Minimum Income: $60,000 Personal or $100,000 Household

Marriott Bonvoy American Express Card - 50,000 Points (Apply here)

This is the only card on the list that has an annual fee right of the bat but the sign up bonus and other benefits more than make up for it. The 50,000 points, awarded after spending $1,500 on the card in three months are worth at least $500 in our minds which means after subtracting the annual fee you are coming out ahead by $380. In reality you can pull even more value out of the card (into four figures) as we outlined in our post A look at how The Marriott Bonvoy American Express Card provides huge value!  
Minimum Income: N/A

 
BMO AIR MILES World Elite Mastercard - 3,000 Miles  (Apply here)
This almost best ever sign up bonus for an AIR MILES co-branded card continues on our Top 5 sign up list thanks to its 3,000 miles sign up bonus (worth ~$300 or more) and no annual fee in the first year!  Even if you aren't a fan of AIR MILES the fact you can get 3,000 miles and them use them as cash rewards for no cost to you should be enough to go out and get this card. Please note: new Collectors have Miles automatically deposited into their Dream Account, not their Cash account.
Minimum Income: $80,000 Personal or $150,000 Household

BMO World Elite Mastercard - 35,000 Points  (Apply here)

The card offers a 35,000 point sign up bonus that is worth $250 in travel and since the card is first year free right now (they bill you $150 and then rebate after several months) that means your $250 in travel is free and yes you even get the LoungeKey access and 4 lounge passes included in that first year free. 
Minimum Income: $80,000 Personal or $150,000 Household

TD First Class Visa Infinite Card - 80,000 Points (Apply here)
This card is offering up to 80,000 points when you apply for and receive it however 20,000 of those points won't be received until you have the card for one year. For this post sake we are only looking at the 60,000 points you can get quickly in the first few months. You get the standard sign up bonus of 20,000 points after the first purchase made on the card and another 40,000 if you spend $2,000 on the card in first 90 days having it. All of this is with a first year annual fee rebate! Those initial 60,000 points translate to $240 worth of travel credits for any travel booking or $300 worth of travel for bookings made via Expedia For TD. 

Minimum Income: $60,000 Personal or $100,000 Household

If you went for all these cards you ultimately could end up with about $1,300 to over $3,000 in travel value. However 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. We don't really recommend getting all five in one month unless you know you can meet the minimum spend for them all at once, rather you'd want to pick one or two right now, perhaps another next month and so on.

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