1.TD Aeroplan Visa Infinite Card
TD Canada Trust
- 1.5%Points on gas, groceries, and Air Canada purchases
- 1%Points on all other purchases
Earn a welcome bonus of 10,000 Aeroplan points when you make your first Purchase with your new Card. Earn 15,000 Aeroplan points when you spend $3,000 within 90 days. Earn an additional 20,000 Aeroplan points when you spend $12,000 within 12 months.
Earn 1.5 points per $1 on gas, groceries, and Air Canada purchases, and 1 point per $1 elsewhere.
The TD Aeroplan Visa Infinite Card earns the #1 spot due to its robust rewards structure, offering 1.5 points on essential spending categories like gas and groceries. With a generous welcome bonus and travel perks, it stands out as the top choice for frequent travelers.
Pros:
- Strong welcome bonus
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Income requirement of $60,000
2.Scotiabank Passport Visa Infinite Card
Scotiabank
- 6%Points on groceries, dining, entertainment, and transit
- 1%Points on all other purchases
The Scotiabank Passport Visa Infinite Card offers a welcome bonus of up to 60,000 Scene+ points, including 40,000 points after $2,000 in spending (first 3 months) and 10,000 points after $10,000 in spending (first 6 months).
Earn Scene+ points on groceries, dining, entertainment, and transit.
What sets the Scotiabank Passport Visa Infinite Card apart is its travel-focused benefits, including no foreign transaction fees and complimentary airport lounge access. This card is particularly appealing for frequent travelers looking to maximize their rewards.
Pros:
- No foreign transaction fees
- Comprehensive travel insurance
Cons:
- Annual fee applies
- Income requirement of $60,000
3.American Express Gold Rewards Card
American Express
- 2%Points on travel, gas, groceries, and drugstores
- 1%Points on all other purchases
Welcome offer: 10,000 Membership Rewards points upon spending $4,000 in the first three months.
Earn 2X points on travel, gas, groceries, and drugstores.
The American Express Gold Rewards Card shines for its high earning potential on everyday spending categories, making it an excellent choice for those who frequently travel or dine out. With a robust welcome bonus and travel perks, it offers significant value.
Pros:
- High rewards on travel and groceries
- Comprehensive travel insurance
Cons:
- High annual fee
- Spending requirement for bonus
4.Scotiabank Gold American Express Card
Scotiabank
- 6%Points on groceries, dining, and entertainment
- 3%Points on gas and streaming
- 1%Points on all other purchases
The Scotiabank Gold American Express Card currently offers up to 45,000 bonus Scene+ points and no annual fee in the first year.
Earn 6 Scene+ points per $1 spent on groceries, dining, and entertainment.
This card stands out for its exceptional rewards structure, particularly for those who spend heavily on groceries and dining. With no foreign transaction fees and a solid welcome bonus, it is a strong contender for rewards seekers.
Pros:
- High rewards on key spending categories
- No foreign transaction fees
Cons:
- Annual fee applies
- Income requirement of $60,000
- 4%Points on eligible restaurant, grocery, digital media, membership, and household utility purchases
- 2%Points on all other purchases
Welcome bonus of 5,000 points will be awarded if $500 in eligible Purchases are made on your Account within the first 90 days.
Earn 4 points on every $1 spent on eligible restaurant, grocery, digital media, membership, and household utility purchases during the first 90 days.
The MBNA Rewards Platinum Plus Mastercard is an excellent choice for those seeking a no-fee card with solid rewards on everyday spending. Its flexible redemption options make it appealing for a wide range of users.
Pros:
- No annual fee
- Flexible redemption options
Cons:
- Lower rewards on non-bonus categories
- Spending cap on bonus categories
- 4%Cash back on groceries, gas, and EV charging
- 2%Cash back on transportation, dining, and recurring payments
- 1%Cash back on all other purchases
The CIBC Dividend Visa Infinite Card currently offers a welcome bonus of up to $400 in value, including a 10% cash back bonus on purchases.
Earn 4% cash back on groceries, gas, and EV charging.
The CIBC Dividend Visa Infinite Card is a premium cash-back card that excels in providing high rewards on essential spending categories. Its strong cash back structure and flexible redemption options make it a top choice for cash back enthusiasts.
Pros:
- High cash back on essential categories
- Flexible redemption options
Cons:
- Annual fee applies
- Income requirement of $60,000
7.American Express Cobalt Card
American Express
- 5%Points on dining and groceries
- 3%Points on streaming
- 2%Points on travel and gas
- 1%Points on all other purchases
The American Express Cobalt Card currently offers a welcome bonus of up to 15,000 Membership Rewards points, earned as 1,250 points for each monthly billing period in the first year where you spend at least $750 in net purchases.
Earn 5x points on dining/groceries, 3x on streaming, 2x on travel/gas.
The American Express Cobalt Card is a top-tier rewards card that excels in earning points on food and grocery purchases. Its flexible redemption options and high earning potential make it ideal for those who frequently dine out or shop for groceries.
Pros:
- High earning rates on food and groceries
- Flexible redemption options
Cons:
- Monthly fee structure
- High interest rates
Final Words
As you explore the best credit card signup bonuses this April, remember that the right choice can significantly enhance your rewards and benefits. Take time to compare different options, considering factors like annual fees and interest rates, to make an informed decision that aligns with your financial goals.
Frequently Asked Questions
Earn a welcome bonus of 10,000 Aeroplan points when you make your first Purchase with your new Card. Earn 15,000 Aeroplan points when you spend $3,000 within 90 days. Earn an additional 20,000 Aeroplan points when you spend $12,000 within 12 months.
The Scotiabank Passport Visa Infinite Card allows you to earn Scene+ points on groceries, dining, entertainment, and transit. Earn 6% on these categories and 1% on all other purchases.
The American Express Gold Rewards Card offers a reward rate of 2X points on travel, gas, groceries, and drugstores, and 1% on all other purchases. This makes it a great choice for those who spend frequently in these categories.
Yes, each of these credit cards has an annual fee. The TD Aeroplan Visa Infinite Card has an annual fee of CA$139, the Scotiabank Passport Visa Infinite Card charges CA$150, and the American Express Gold Rewards Card has a fee of CA$250.
To choose the best credit card, consider factors like your spending habits, the type of rewards you value most (cashback, travel points, etc.), and any annual fees. Comparing welcome bonuses and ongoing rewards rates can also help you make an informed decision.
The application process typically involves filling out an online form with your personal and financial information. Approval can be immediate or take a few days, depending on the card issuer's policies and your credit profile.
When comparing credit card rewards programs, look at the annual fees, welcome bonuses, and the reward rates for different spending categories. It’s also important to consider how easy it is to redeem points and any expiration policies.
