National Bank's new 5x points multiplier may not be as good as we originally thought

Earlier this week we reported changes coming to some of National Bank's credit cards including a new 5x points earn rate on the World Elite Mastercard. There was a lot of excitement surrounding this announcement, even from us but that may have been a little premature! I'll be honest with you I should have paid closer attention to wording around the new 5x points earning rate. As noted by the always astute Josh C. the 5x points on grocery and dining isn't actually capped at $2,500 per month for those categories but rather $2,500 of all your spending. So if you happen to spend $2,500 on some nice new furniture on your card your 5x points earn rate for groceries is gone for that month!

Changes coming to several National Bank of Canada Mastercards - we'll have another 5x points card on our hands!

National Bank of Canada has announced some changes that will be coming to their Platinum and World Elite Mastercards as of September 1. Both cards will see revised earn rates and some slight changes to the insurance provided on them. While the World Elite Mastercard will also see its annual travel credits benefit changed as well.

20,000 points + first year free on National Bank cards extended, Tangerine extends 10% cash back offers & earn Aeroplan points for online LCBO purchases

Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Today's update is brought to you by the HSBC High Rate Savings Account with which you can enjoy a total annual interest rate of up to 2.65% on new deposits± Click here to learn more about this offer

National Bank of Canada has extended the current increased welcome bonus offers on their World Elite, and Platinum Mastercards. These two card's 20,000 bonus points plus first year free offer are now available until August 31. 2022. Click here to learn more about these offers.

April 6 Update: Aeroplan eStore offering up to 5x points with fashion retailers, National Bank CAA Mastercard discontinued & a Scotiabank Scene+ Update

Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. Be sure to subscribe to the Rewards Canada News email newsletter so that you don't miss out on any loyalty program news and offers! You can subscribe to the newsletter here

The Aeroplan eStore is running another fashion event where you can earn up to 5x points for online shopping with select fashion retailers until April 17. Click here to learn more.

New Welcome Bonus of 20,000 points and first year free with National Bank of Canada's top three travel rewards credit cards

 
This week has seen the return of limited time increased welcome bonuses on several cards from National Bank of Canada. The offer provides 20,000 bonus points and no annual fee in the first year when you spend $3,000 in the first three months on either the Platinum, World or World Elite Mastercard. With National Bank's A la carte rewards those 20,000 points are worth up to $200 towards travel and the first year annual fee savings ranges from $89 to $150 depending on which card you get.  On top of this, if you get the World Elite Mastercard you can enjoy a refund of up to $250 per year on seat selection, airport parking and baggage fees.

New welcome bonus offers for National Bank of Canada Mastercards - 15,000 bonus points + first year free

National Bank of Canada is back in the bonus points game as they brought back some limited time welcome bonus offers for their proprietary rewards Mastercards. All of their A la carte Rewards cards now see a 15,000 bonus point welcome bonus plus the annual fee on the primary card is refunded for the first year. For the better of the last two years these cards have seen cash back offers as their limited time bonuses instead of bonus points which made a lot of sense as no one was really travelling. Now that travel is slowly coming back we see the shift back to a bonus points offer instead of cash back.

National Bank mycredit Mastercard - Welcome bonus of 8% cash back on restaurant and recurring pre-authorized payments

 

National Bank of Canada is offering a limited time increased welcome bonus offer on their no fee cash back mycredit Mastercard. In fact, this welcome bonus is the highest percentage wise of any no fee card in the market right now. That bonus is 8% cash back on restaurant and delivery purchases as well as 8% back on recurring pre-authorized payments.

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

 
Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of May 2021. This is not a 'best' credit card list like our Top Cash Back 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.

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

Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of March 2021. This is not a 'best' credit card list like our Top Cash Back 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.

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

 

Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of February 2021. This is not a 'best' credit card list like our Top Cash Back 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.

National Bank of Canada World Elite Mastercard extends their $300 cash back and no annual fee in the first year offer

National Bank of Canada has extended the welcome bonus for the premier card in their portfolio - the NBC World Elite Mastercard. The  offer provides new cardholders with the opportunity to earn up to $300 in cash back when you spend at least $4,000 on the card within the first three months of having it. This spend requirement is $500 less than the offer that just ended on January 31. On top of that the $150 annual fee on the primary card will be refunded in the first year. This bonus is over and above the regular points earn and other benefits that come with the card. To take advantage of this particular offer you must apply for the card by April 30 2021 and activate it no later than May 15, 2021. The offer is also available on their Platinum and World Mastercards as well.

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

 

Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of January 2021. This is not a 'best' credit card list like our Top Cash Back 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.

New welcome offer for the National Bank of Canada World Elite Mastercard - $300 cash back and no annual fee in the first year

 
National Bank of Canada has released a new welcome bonus for the premier card in their portfolio - the NBC World Elite Mastercard. The provides new cardholders with the opportunity to earn up to $300 in cash back when you spend at least $4,500 on the card within the first three months of having it. On top of that the $150 annual fee on the primary card will be refunded in the first year. This bonus is over and above the regular points earn and other benefits that come with the card. To take advantage of this particular offer you must apply for the card by January 31, 2021 and activate it no later than February 15, 2021.

New welcome offer for the National Bank of Canada World Elite Mastercard - $300 cash back with minimum spend

National Bank of Canada has released a new welcome bonus for the premier card in their portfolio - the NBC World Elite Mastercard. The provides new cardholders with the opportunity to earn up to $300 in cash back when you spend at least $6,500 on the card within the first four months of having it This bonus is over and above the regular points earn and other benefits that come with the card. To take advantage of this particular offer you must apply for the card by August 31, 2020.

The NBC World Elite Mastercard is a this bank's top card and it is a pretty good card overall. It doesn't make it into the Top 5 of any of our categories in Canada's Top Travel Rewards Credit Cards but it's not that far out. I would definitely place it in the Top 10 of the Travel Points category in Canada.  The reason for this is that the card normally doesn't have a welcome bonus, so this limited time offer is a welcome bonus! Pun intended. It also a bit weak in the rewards department when you line this card up against comparable offerings from other banks. With a variable earn rate of 1.5 points to 2 points per dollar spent and a travel redemption value ranging from 0.83 to 1.0 cent per point makes this card provide a return of 1.25 to 2% (and the 2% is only awarded on your spend between $40,000 and $80,000 annually). So you can see where this card lacks compared to its competition however where it doesn't lack is in the insurance department. It has some of the best insurance benefits you can find in Canada, in particular for out of province travel medical insurance.  The Travel Medical Insurance provides up to $5,000,000 in coverage per person and covers travel of up to 60 days for those up to 54 years old, 31 days for 55-64 years old and 15 days to 74 years old.

The card also provides up to $250 in annual rebates for associated costs with travel broken down as follows: up to $100 on airport parking, $50 on seat selection and $100 on baggage fees. This is another nice benefit to have if you can utilize it!

In the end if you do get this card you will only end up $150 ahead if you take into account the $150 annual fee and subtract that from the $300 cash back bonus. In terms of current welcome offers I am a bit surprised they want you spending $6,500 to receive the bonus - that's high given the current economic situation. Most competitors are not requiring that high of spend, even Amex's Platinum Card only requires $2,000 right now and most others don't go over $3,000 and include a first year annual fee waiver. Sure this welcome bonus is better than the usual no welcome bonus that this card provides but there are definitely better travel rewards card options out there right now like the BMO Rewards World Elite Mastercard and the CIBC Aventura Visa Infinite card just to name a few.

Learn more about this limited time offer here. 

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Top 5 Credit Card Sign Up offers for February - 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 February 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 two first year free cards on the list!

Once again we see no changes this month from January although we should give an honorable mention to the CIBC Aventura Visa Infinite Privilege Card as it can push a decent value of over $500 but don't play your redemptions right and you could end of with a value of only $1. With many offers ending this month or early in March we should see this list change next 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 February (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

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

National Bank of Canada World Elite Mastercard - $480 Cash Back (Apply here)
This card's offer hasn't changed in a few months so it retains its spot in the list. You will get $40 cash back for each month you spend $500 on the card in the first 12 months. This will give you $480 in rewards but then subtracting the annual fee of $150 you are coming out ahead by $330.
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


If you went for all these cards you ultimately could end up with anywhere from $1,700 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:
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please visit the TD site. 

Top 5 Credit Card Sign Up offers for January - 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 January 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 actually only see one first year free card on the list!

No change this month from December although we should give an honorable mention to the CIBC Aventura Visa Infinite Privilege Card as it can push a decent value of over $500 but don't play your redemptions right and you could end of with a value of only $1. Also note that we are early in the month and some offers are slated to change in the next couple of weeks so keep an eye out for those. In general we should see some really great offers in 2020 thanks to the new Air Canada Aeroplan program launch.

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 January (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

TD Aeroplan Visa Infinite Card - 30,000 Miles (Apply here)

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 + 5x Aeroplan Miles on all purchases per $1,000 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 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

National Bank of Canada World Elite Mastercard - $480 Cash Back (Apply here)
This card's offer hasn't changed in a few months so it retains its spot in the list. You will get $40 cash back for each month you spend $500 on the card in the first 12 months. This will give you $480 in rewards but then subtracting the annual fee of $150 you are coming out ahead by $330.
Minimum Income: $80,000 Personal or $150,000 Household

BMO AIR MILES World Elite Mastercard (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


If you went for all these cards you ultimately could end up with anywhere from $1,700 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:
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please visit the TD site. 

Top 5 Credit Card Sign Up offers for December - 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 December! 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 actually only see one first year free card on the list! A

A big change this month as we look at overall value - not just if a card is first year free. We also rank the cards based on minimum travel value. That being said there are  3 of the same cards from November, the TD Aeroplan Visa Infinite Card, the Marriott Bonvoy American Express Card and the National Bank of Canada World Elite Mastercard.  The two newcomers are the American Express AIR MILES World Elite Mastercard as it had a new welcome offer brought to it in November and also the Alaska Airlines World Elite Mastercard as we updated the value on that card.

Remember as well that you will  find this list right on the Rewards Canada homepage for easy reference!

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

American Express AIR MILES Platinum Card - 3,500 Miles (Apply here)

New to the list the American Express AIR MILES Platinum Card recently underwent some changes and to mark those changes they came out with this big offer on the card. The bonus is split, 1,700 on spending $1,500 on the card in the first three months and then an additional 1,800 miles when you spend $1,000 on the card in each of the first six months of having the card. Those 3,500 miles are worth no less than $385 in our latest valuations.  This card just underwent some changes that make it the best card for earning AIR MILES in Canada which you can learn more about that here: Earn up to 3,500 Bonus AIR MILES Reward Miles with the newly enhanced American Express AIR MILES Platinum Credit Card
Minimum Income: N/A

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!  
Minimum Income: N/A

TD Aeroplan Visa Infinite Card - 30,000 Miles (Apply here)

The new offer on this card is somewhat lower than the last offering but it is actually a lot easier to obtain and you only come out 5,000 to 10,000 miles below. The bonus is awarded as follows: 15,000 Aeroplan Miles when you make your first Purchase with your Card + 5x Aeroplan Miles on all purchases per $1,000 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 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

National Bank of Canada World Elite Mastercard - $480 Cash Back (Apply here)
This card's offer hasn't changed in a few months so it retains its spot in the list. You will get $40 cash back for each month you spend $500 on the card in the first 12 months. This will give you $480 in rewards but then subtracting the annual fee of $150 you are coming out ahead by $330.
Minimum Income: $80,000 Personal or $150,000 Household

If you went for all these cards you ultimately could end up with anywhere from $1,700 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:
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please visit the TD site. 

A look at what you have to actually spend to get some of the best credit card welcome bonus offers

Yesterday we released our monthly Top Credit Card Sign Up Offers post which strictly looks at the value of the welcome or sign up bonus for cards in the Canadian market.  To recap, these are the top five cards on the list for November:

For some reason yesterday we received not just one but two requests to take a look at this list based on what you have to spend to get those bonuses!

Good point. Just want to note that maybe next analysis can include how much is required to spend to get the bonus pointe. For example, for the avg CDN, getting the entire 40k from the TD card more difficult than the WestJet given spend reqd. Just an idea! Love the articles

— Anik Dattani (@DattaniAnik) November 6, 2019

So shout out to Anik and DC for this idea!

You can view the entire feature here.

Disclaimers:
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. 

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please visit the TD site.

Top 5 Credit Card Sign Up offers for November - 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 November! 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 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 once again have 3 cards that have no annual fee in the first year and two cards with an annual fee in the first year.

There are no changes to the list for this month but we did want to let you know that you will now also find this list right on the Rewards Canada homepage for easy reference! Heads up that this is the last month to grab the TD Aeroplan Visa Infinite Card and TD First Class cards with their current offers.

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

TD Aeroplan Visa Infinite Card - 40,000 Miles (Apply here)

TD has come out with the best ever offer for this card and it is first year free so that means up to 35,000 of the 40,000 miles would come to you at no cost other then spending on the card. The bonus is awarded as follows: 15,000 Aeroplan Miles when you make your first Purchase with your Card + Double Aeroplan Miles on all purchases in the first three months (up to 20,000 miles) and 5,000 miles for adding an additional card ($50 fee). Depending on how you redeem those Aeroplan miles should be worth no less than $400 but more likely closer to $800 or more! In fact if you take the per mile value from our post from late July this welcome bonus would be worth $2,000 or more.
Minimum Income: $60,000 Personal or $100,000 Household

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

This is the first 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

National Bank of Canada World Elite Mastercard - $480 Cash Back (Apply here)
This the second card on the list that has an annual fee that isn't waived, however the sign up bonus and other benefits provide some big value over that annual fee. You will get $40 cash back for each month you spend $500 on the card in the first 12 months. This will give you $480 in rewards but then subtracting the annual fee of $150 you are coming out ahead by $330.
Minimum Income: $80,000 Personal or $150,000 Household

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 a minimum of $315) 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

TD First Class Visa Infinite Card - 90,000 Points (Apply here)
This card is offering up to 90,000 points when you apply for it along with the first year annual fee waived on the primary card. The bonus is awarded as follows: 20,000 points when you make your first Purchase with your Card + Double Points on  all purchases in the first three months (up to 60,000 points) and 10,000 points for adding an additional card ($50 fee). Those 90,000 points (less the add. card fee) translate to $310 worth of travel credits for any travel booking or $400 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 anywhere from $1,700 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:
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.

Sponsored advertising. The Toronto-Dominion Bank (TD) is not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any TD product, please visit the TD site. 

Top 5 Credit Card Sign Up offers for October - 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 October! 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 once again have 3 cards that have no annual fee in the first year and two cards with an annual fee in the first year.

There are no changes to the list for this month.

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

TD Aeroplan Visa Infinite Card - 40,000 Miles (Apply here)

TD has come out with the best ever offer for this card and it is first year free so that means up to 35,000 of the 40,000 miles would come to you at no cost other then spending on the card. The bonus is awarded as follows: 15,000 Aeroplan Miles when you make your first Purchase with your Card + Double Aeroplan Miles on all purchases in the first three months (up to 20,000 miles) and 5,000 miles for adding an additional card ($50 fee). Depending on how you redeem those Aeroplan miles should be worth no less than $400 but more likely closer to $800 or more! In fact if you take the per mile value from our post from late July this welcome bonus would be worth $2,000 or more.
Minimum Income: $60,000 Personal or $100,000 Household

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

This is the first 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

National Bank of Canada World Elite Mastercard - $480 Cash Back (Apply here)
This the second card on the list that has an annual fee that isn't waived, however the sign up bonus and other benefits provide some big value over that annual fee. You will get $40 cash back for each month you spend $500 on the card in the first 12 months. This will give you $480 in rewards but then subtracting the annual fee of $150 you are coming out ahead by $330.
Minimum Income: $80,000 Personal or $150,000 Household 

TD First Class Visa Infinite Card - 90,000 Points (Apply here)
This card is offering up to 90,000 points when you apply for it along with the first year annual fee waived on the primary card. The bonus is awarded as follows: 20,000 points when you make your first Purchase with your Card + Double Points on  all purchases in the first three months (up to 60,000 points) and 10,000 points for adding an additional card ($50 fee). Those 90,000 points (less the add. card fee) translate to $310 worth of travel credits for any travel booking or $400 worth of travel for bookings made via Expedia For TD. 

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

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

If you went for all these cards you ultimately could end up with anywhere from $1,700 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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