Top 5 Credit Card Sign Up offers for March - 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 March 2020! 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 (welcome/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 some 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 see three first year free cards on the list!

The National Bank of Canada World Elite Mastercard limited time offer has ended so it leaves our list. That means the BMO AIR MILES World Elite Mastercard jumps up to fourth spot and fifth is now taken by the TD First Class Visa Infinite Card. The first three cards have not changed this month.

Remember as well that you will find this list smack dab in the middle of the Rewards Canada homepage for easy reference!

Here are our top 5 credit card sign up offers for March (in order of welcome bonus value, calculated as minimum mile/points value minus annual fee)

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

No changes to this card means it stays put on the list 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!  Don't forget you get an annual free night with the card as well on the card anniversary date!
Minimum Income: N/A

OFFER EXPIRED TD Aeroplan Visa Infinite Card - 30,000 Miles 

This is the only first year free card on the list this month and if you are just starting out I would recommend getting this card first thanks to that annual fee waiver! The bonus is awarded as follows: 15,000 Aeroplan Miles when you make your first Purchase with your Card + 5,000 Aeroplan Miles when you spend $1,000 per month in the first three months (up to 15,000 miles) Depending on how you redeem those Aeroplan miles should be worth no less than $360 but more likely closer to $800 or more! In fact if you take the per mile value from our post from late July 2019 this welcome bonus would be worth $1,800 or more.
Minimum Income: $60,000 Personal or $100,000 Household

Alaska Airlines World Elite Mastercard - 30,000 Miles (Apply here)

This card offers a welcome bonus of 30,000 miles when you spend $1,000 on the card in the first three months of having it. This is one of the easiest bonuses to achieve and this card is one of the most churnable in Canada. There are really no problems in getting it 2-4 times in one year alone! Those 30,000 miles are worth no less than $330 when redeeming for economy class flights and just go up from there like the TD Aeroplan card.
Minimum Income: $80,000 Personal or $150,000 Household

BMO AIR MILES World Elite Mastercard - 3,000 Miles (Apply here)
This card offers a welcome bonus of 3,000 AIR MILES Reward Miles, split between 1,000 on first purchase and 2,000 more when you spend $3,000 within 3 months of getting the card. The annual fee of $120 is waived in the first year as well meaning these miles come to you at no cost other than card spend. Those 3,000 miles are worth $330 at a minimum when redeeming towards travel.
Minimum Income: $80,000 Personal or $150,000 Household

OFFER EXPIRED TD® First Class Travel® Visa Infinite* Card - 65,000 Points 
The First Class Visa Infinite Card makes it back onto the list this month with its latest offer. You receive 20,000 points on your first purchase and 15,000 points per month in each of the first three months when you spend at least $1,000 per month. The card also has rebates on the primary and first additional card for the first year. At a minimum the points are worth $260 towards any travel but are worth $325 if you choose to redeem via ExpediaForTD
Minimum Income: $60,000 Personal or $100,000 Household

If you went for all these cards you ultimately could end up with anywhere from $1,600 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.

Disclaimers:
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