There are no changes in this list from July! Just remember this is the last month for the 60,000 point offer for the mbna Best Western Mastercard!
Here are our top 5 credit card sign up offers for August (in alphabetical order)
American Express Gold Rewards Card - 25,000 Points (Apply here)A mainstay offer here on Rewards Canada and a card that really should be in everyone's wallets. The American Express Gold Rewards card has its first year fee of $150 waived and will award you 25,000 Membership Rewards points when you complete $1,500 in spending in the first three months. That 25,000 points is worth a $250 travel credit via Amex's Use Points for Purchases feature or can be converted to 25,000 Aeroplan Miles (1 Round trip Economy Award ticket within North America) or 25,000 British Airways Executive Club Avios (as much a 3 one way Economy Award tickets in North America, see this article for details.) Also see our post on how this sign up bonus can get you a free flight between Toronto and Dublin!!
BMO Rewards World Elite Mastercard- 20,000 Points (Apply here)It's been awhile since this card has graced the top 5 credit card sign up offers! 20,000 points is your sign up bonus that is worth $200 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 $200 in travel is free and yes you even get the Priority Pass access and 4 lounge passes included in that first year free.
The best no foreign transaction fee card in Canada makes it to this list due to a very strong acquisition offer. I mean who can complain with 50,000 points awarded on approval all at no cost as the card has the annual fee waived in the first year! They also give you a 15 night credit into the mix which automatically provides you with Marriott Rewards Silver Elite status.
mbna Best Western Rewards Mastercard - 60,000 Points (Apply here)Just like last summer, we this card have its sign up bonus boosted! For many months now it has been 40,000 points but until August 31 it is now 60,000 points. With no annual fee to boot! You do have to meet the minimum spend of $2,000 in 90 days to get the bonus but that's doable. We detail the offer in this post that shows just how much value you can pull out of the card with this 40K bonus!
A very strong card in the earn category for Gas, Grocery and Dining/Entertainment purchases, the current sign up bonus for the Scotiabank Gold American Express Card is 30,000 points when you reach $750 in spending in the first three months. That 30,000 points is equal to a $300 travel credit and since this card is a book anywhere card you can book the travel how you want when you want and when the charge shows up on your account you can redeem the points against the charge. The card normally has a $99 annual fee but of course that is waived in the first year if you apply by October 31, 2017!
If you went for all these cards you ultimately could end up with over $1,250 in travel credits and hotel free nights 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
For me I have achieved 3 of the bonuses so far. Flying to 2 provinces outside my home province and of course the one time bonus for flying back to my home province.
