Top 5 Credit Card Sign Up offers for August - These cards provide the most value out of their welcome bonuses

 
Here are the Rewards Canada Top 5 Travel Credit Card Sign Up offers for the month of August 2021! 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 two first year free cards on the list.

Even though the best ever offers for several American Express cards ended at the start of this month the new offers on Amex's Aeroplan co-brand cards are still valuable enough for them to take the top two spots again this month. Overall Aeroplan dominates the list with four out of five cards being co-branded Aeroplan cards. The WestJet card remains on the list edging out the Scotia Gold American Express card which is still offering $500 in value!

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 August (in order of welcome bonus value, calculated as minimum mile/points value minus annual fee)

American Express® Aeroplan®* Reserve Card (Apply here)
Minimum value: $1,051
The new offer on this card sees 30,000 Aeroplan points and Bonus Buddy Pass being awarded when you spend $3,000 on the card in the first three months. Then you can earn an additional 5,000 bonus points per month when you spend $1,000 a month on the card in the first 12 months.  All told the 90,000 points and buddy pass are worth no less than $1,650 in our minds and in reality should be worth much more than that. Subtract the $599 annual fee and you get our $1,051 value. Remember that you can also choose to convert the Buddy Pass to 30,000 Aeroplan points. Learn more about the Buddy Pass here and the New Aeroplan program here.
Minimum Income: N/A

 

American Express® Aeroplan®* Card (Apply here)

Minimum value: $780
The new offer on this card sees 10,000 Aeroplan points and Bonus Buddy Pass being awarded when you spend $1,500 on the card in the first three months. Then you can earn an additional 2,500 bonus points per month when you spend $1,000 a month on the card in the first 12 months. All told the 40,000 points and buddy pass are worth no less than $900 in our minds and in reality should be worth much more than that. Subtract the $120 annual fee and you get our $780 value. Remember that you can also choose to convert the Buddy Pass to Aeroplan points. Learn more about the Buddy Pass here and the New Aeroplan program here.
Minimum Income: N/A 

 

TD Aeroplan Visa Infinite Card - 25,000 points + Buddy Pass (Apply here)

Minimum value: $675

The new Aeroplan cards are here and the bonus offer on the mainstay cards provide 25,000 Aeroplan points, a Buddy Pass and an annual fee rebate for the primary and first additional cardholder. All told the points and buddy pass are worth no less than $675 in our minds and in reality should be worth much more than that. Remember that you can also choose to convert the Buddy Pass to Aeroplan points. To get in on this bonus you have to apply by December 5, 2021. Learn more about the Buddy Pass here and the New Aeroplan program here. You can also read our review of this card here.
Minimum Income: $60,000 Personal or $100,000 Household
This offer is not available for residents of Quebec. For Quebec residents, please click here.

 

 

CIBC Aeroplan Visa Infinite Card - 20,000 points + Buddy Pass (Apply here)

Minimum value: $600

The offer on this card is virtually the same as the TD version but offers fee rebates on more additional cards than the TD version. The welcome bonus provides 20,000 Aeroplan points, a Buddy Pass and an annual fee rebate for the primary and three additional cardholders. Remember that you can also choose to convert the Buddy Pass to Aeroplan points. All told the points and buddy pass are worth no less than $600 in our minds and in reality should be worth much more than that. Learn more about the Buddy Pass here and the New Aeroplan program here.
Minimum Income: $60,000 Personal or $100,000 Household

WestJet RBC World Elite Mastercard - 350 WestJet dollars + $0 Companion Voucher (Apply here) Minimum value: $531
WestJet took notice of Aeroplan's Buddy Pass and has matched them by offering a $0 companion voucher (you just pay taxes & fees) for new card approvals. On top of this you'll 350 WestJet dollars on your first purchase.  To get in on this both the 350 WJD & $0 Companion Voucher you have to apply by August 16, 2021.
Minimum Income: $80,000 Personal or $150,000 Household

If you went for all these cards you ultimately could end up with over $2,900* in travel value to well beyond that! 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.

* We subtract $600 from the total since you can only get one buddy pass from each level of Aeroplan cards.

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