Travel & Cash-Back Cards
Credit-Card Welcome Bonuses
Canadian issuers run signup promos worth $400-$2,000+ in net first-year value. Enter your monthly spend: we'll rank the offers you can actually qualify for, net of the first-year annual fee.
Data freshness
17 of 17 cards have structured source checks
Most recent check: Jun 11, 2026. 2 cards expire within 30 days.
Your Spend
Point valuation
Conservative values points at their easy floor. Travel redemption values them at the rate a careful traveller targets through airline and transfer-partner redemptions.
Best pick
Enter your monthly spend above to see the top net first-year value you can qualify for.
All cards
Ranked by net first-year value at your spend level. Offers you cannot hit yet sink below the qualifying cards.
Enter monthly spend to rank this offer by net first-year value.
Membership Rewards valued at 1¢/pt (conservative)Verified 2026-06-06
70,000 Membership Rewards points year-1 bonus for $30,000 spend
2.3% return
$7,500 in first 3 months
50,000 Membership Rewards points
$500
$7,500 spend · 6.7% return
$30,000 in first 12 months
20,000 Membership Rewards points
$200
Next $22,500 · 0.9% return
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- ·Offer has two tranches: 50,000 points after $7,500 in the first 3 months, plus 20,000 points after $30,000 in the first 12 months.
- ·Calculator requires the full $30,000 first-year threshold before ranking the full 70,000-point offer as qualifying.
- ·Quarterly 10,000-point purchase bonuses are ongoing earn mechanics and are not included in welcome value.
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Membership Rewards valued at 1¢/pt (conservative)Verified 2026-06-06
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- ·Issuer headline is up to 120,000 Membership Rewards points. Calculator counts the 80,000 points tied to $15,000 in the first 3 months; the extra 40,000-point purchase window starts after month 15.
- ·Business Platinum earns 1.25 Membership Rewards points per dollar on eligible purchases, but ongoing earn is outside this welcome-bonus model.
- ·Business-card tax treatment can differ when points are earned on deductible expenses. See the tax disclaimer below.
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Membership Rewards valued at 1¢/pt (conservative)Verified 2026-06-06
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- ·Bonus is paid as 1,250 Membership Rewards points per monthly billing period for the first 12 months, contingent on $750 of monthly spend each month.
- ·Calculator encodes the full 12-month run rate as $9,000 of spend over 12 months. Missed months reduce the bonus.
- ·Cobalt's ongoing 5x eats and drinks earn rate is not included here; this page compares welcome value only.
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Membership Rewards valued at 1¢/pt (conservative)Verified 2026-06-06
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- ·Bonus is paid as 5,000 Membership Rewards points per monthly billing period for the first 12 months when at least $1,000 in net purchases posts by the monthly deadline.
- ·Calculator assumes all 12 monthly thresholds are hit. Partial completion prorates by missed months.
- ·The card has a $100 annual travel credit and four Plaza Premium visits, but those benefits are not included in net first-year value.
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Membership Rewards valued at 1¢/pt (conservative)Verified 2026-06-06
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- ·Issuer headline is up to 170,000 Membership Rewards points, for applications by July 28, 2026. Calculator counts the 90,000 points tied to $10,000 of spend in the first 3 months; the later tranches (40,000 after $45,000 in year one and 40,000 in months 15-17) are excluded.
- ·Annual fee is $799. The $200 travel credit and $200 dining credit can offset it for travellers who use both, but this calculator nets only the fee, not lifestyle credits.
- ·Membership Rewards can transfer to airline partners including Aeroplan. Redemption mode uses 2.0cpp as a conservative transfer-partner target.
BMO
Ascend World Elite Mastercard
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BMO Rewards valued at 0.67¢/pt (conservative)Verified 2026-06-06
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- ·Headline welcome is up to 100,000 BMO Rewards points across three tiers.
- ·Calculator counts the 65,000 year-1 points: 45,000 after $5,000 in 110 days plus 20,000 after $10,000 in 180 days.
- ·The 35,000-point tier after $20,000 in 365 days is shown in the offer breakdown as later-year value and is not counted in net first-year ranking.
- ·First-year primary annual fee is rebated. Year-2 annual fee is $150.
- ·BMO Rewards travel redemption is 150 points = $1; the CPP map values them at 0.67cpp in both valuation modes.
- ·Ongoing earn is 5x on travel, dining, recurring bills; not modeled here.
BMO
Cash Back World Elite Mastercard
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- ·Welcome offer is 10% cash back on the first $2,000 in net purchases over the first 3 months, capped at $200 in bonus cash.
- ·First-year primary annual fee is rebated. Year-2 annual fee is $120.
- ·Ongoing rate is 5% cash back on groceries and 4% on transit; this calculator compares welcome value only.
- ·Minimum household income required by BMO for World Elite is $80,000 individual or $150,000 household.
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BMO Rewards valued at 0.67¢/pt (conservative)Verified 2026-06-06
70,000 BMO Rewards points year-1 bonus for $12,000 spend
3.9% return
$4,000 in 110 days
30,000 BMO Rewards points
$201
$4,000 spend · 5% return
$7,000 in 180 days
20,000 BMO Rewards points
$134
Next $3,000 · 4.5% return
$12,000 in 12 months
20,000 BMO Rewards points
$134
Next $5,000 · 2.7% return
Show details
- ·Bonus tranches: 30,000 points after $4,000 in 110 days, 20,000 more after $7,000 in 180 days, and 20,000 more after $12,000 in 12 months.
- ·First-year primary card annual fee is rebated. Year-2 annual fee is $120.
- ·BMO states the travel redemption rate as 150 points = $1; the CPP map uses 0.67cpp in both valuation modes.
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Aeroplan valued at 1.5¢/pt (conservative)Verified 2026-06-06
50,000 Aeroplan points year-1 bonus for $5,000 spend
15% return
$1,000 in 2 statement periods
10,000 Aeroplan points
$150
$1,000 spend · 15% return
$5,000 in 4 statement periods
40,000 Aeroplan points
$600
Next $4,000 · 15% return
Year 2 bonus
$25,000 in 12 statement periods (anniversary)
50,000 Aeroplan points
$750
Next $20,000
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- ·Year-1 tranches include 10,000 points after $1,000 in the first 2 monthly statement periods and 40,000 after $5,000 in the first 4 monthly statement periods.
- ·The 50,000-point anniversary bonus after $25,000 in first-year spend is shown in the offer breakdown as year-2 value and is not counted in net first-year ranking.
- ·Minimum income shown by CIBC: $150,000 individual or $200,000 household.
- ·Aeroplan points can be used across Air Canada and Star Alliance partners. Redemption mode uses 2.1cpp as a conservative premium-cabin target.
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Aventura valued at 1¢/pt (conservative)Verified 2026-06-06
60,000 Aventura points year-1 bonus for $5,000 spend
12% return
First purchase
15,000 Aventura points
$150
First purchase
$3,000 in 4 months
30,000 Aventura points
$300
$3,000 spend · 10% return
Next $2,000 in 4 months
15,000 Aventura points
$150
Next $2,000 · 7.5% return
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- ·Offer tranches include 15,000 points on first purchase, 30,000 after $3,000 in the first 4 monthly statement periods, and 15,000 more after $5,000 in the first 4 monthly statement periods.
- ·First-year primary card annual fee is rebated. Year-2 annual fee is $139.
- ·Minimum income shown by CIBC: $60,000 individual or $100,000 household.
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RBC Avion valued at 1¢/pt (conservative)Verified 2026-06-06
35,000 RBC Avion points year-1 bonus for $1,500 spend
23.3% return
$1,500 in 6 months
35,000 RBC Avion points
$350
$1,500 spend · 23.3% return
Year 2 bonus
$1,500/mo average maintained through anniversary
20,000 RBC Avion points
$200
Next $7,500
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- ·Year-1 welcome is 35,000 Avion points after $1,500 in net purchases in the first 6 months.
- ·The 20,000-point first-anniversary bonus is shown in the offer breakdown as year-2 value and is not counted in net first-year ranking.
- ·Lower income floor than the Privilege variant. Minimum income shown by RBC: $60,000 individual or $100,000 household.
- ·RBC Avion can be used through RBC travel options and transfer partners; redemption mode uses 1.5cpp as a practical target.
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RBC Avion valued at 1¢/pt (conservative)Verified 2026-06-06
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- ·Current public offer is 20,000 Avion points after $5,000 in purchases within the first 6 months.
- ·Annual fee is $399. Additional card fee is $99.
- ·RBC Avion can be used through RBC travel options and transfer partners; redemption mode uses 1.5cpp as a practical target.
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Scene+ valued at 1¢/pt (conservative)Verified 2026-05-14
10,000 Scene+ points year-1 bonus for $1,000 spend
10% return
$250 in first 3 months
2,500 Scene+ points
$25
$250 spend · 10% return
$1,000 in first 3 months
7,500 Scene+ points
$75
Next $750 · 10% return
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- ·Offer tranches: 2,500 Scene+ points after $250 in the first 3 months, plus 7,500 more after $1,000 in the first 3 months.
- ·No annual fee. Scene+ is modeled at 1cpp in both valuation modes.
- ·This is included as a low-friction no-fee benchmark, not as an editorial category pick.
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Scene+ valued at 1¢/pt (conservative)Verified 2026-05-14
45,000 Scene+ points year-1 bonus for $7,500 spend
6% return
$2,000 in first 3 months
25,000 Scene+ points
$250
$2,000 spend · 12.5% return
$7,500 in first 12 months
20,000 Scene+ points
$200
Next $5,500 · 3.6% return
Show details
- ·Offer tranches: 25,000 Scene+ points after $2,000 in the first 3 months, plus 20,000 more after $7,500 in the first year.
- ·First-year annual fee waiver applies to the public offer. Year-2 annual fee is $120.
- ·Scene+ points are modeled at 1cpp in both valuation modes because travel redemptions are cash-equivalent through Scene+ Travel and statement-style travel credits.
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- ·Welcome is 10% extra cash back on the first $1,000 of net purchases in 2 chosen categories during the first 2 months, capped at $100.
- ·No annual fee.
- ·Ongoing 2% cash back on up to three selected categories (4% with Tangerine Savings Account redemption); welcome value is the headline modeled here.
- ·Tangerine sets cash-back redemption monthly to either a linked Tangerine account or as a statement credit.
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Aeroplan valued at 1.5¢/pt (conservative)Verified 2026-06-06
25,000 Aeroplan points year-1 bonus for $3,000 spend
12.5% return
First purchase
10,000 Aeroplan points
$150
First purchase
$3,000 in 90 days
15,000 Aeroplan points
$225
$3,000 spend · 7.5% return
Year 2 bonus
$12,000 in 365 days (anniversary)
20,000 Aeroplan points
$300
Next $9,000
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- ·Year-1 tranches include 10,000 points after first purchase and 15,000 after $3,000 within 90 days.
- ·The 20,000-point anniversary bonus after $12,000 in 365 days is shown in the offer breakdown as year-2 value and is not counted in net first-year ranking.
- ·First-year annual fee rebate applies to the primary cardholder and eligible additional cardholders. Year-2 primary annual fee is $139.
- ·Minimum income commonly shown for Visa Infinite products is $60,000 individual or $100,000 household; verify TD's current application page.
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Aeroplan valued at 1.5¢/pt (conservative)Verified 2026-06-06
55,000 Aeroplan points year-1 bonus for $12,000 spend
6.9% return
First purchase
20,000 Aeroplan points
$300
First purchase
$12,000 in 180 days
35,000 Aeroplan points
$525
$12,000 spend · 4.4% return
Year 2 bonus
$24,000 in 12 months (anniversary)
30,000 Aeroplan points
$450
Next $12,000
Show details
- ·Year-1 tranches include 20,000 points after first purchase and 35,000 after $12,000 within 180 days.
- ·The 30,000-point anniversary bonus after $24,000 with the account open for 12 months is shown in the offer breakdown as year-2 value and is not counted in net first-year ranking.
- ·Annual fee is $599. Additional card fee is $199.
- ·Aeroplan terms can affect whether incentive points are issued. Verify the issuer terms on the application page before applying.
Eligibility & fine print
- ·Welcome bonuses are typically available only to applicants who have not held the same card, or for Amex sometimes any Amex personal card, within a defined recent window. Check the issuer's terms before applying.
- ·Issuers reserve the right to decline an application. Approval depends on factors the issuer evaluates internally.
- ·Annual fees, welcome bonuses, and minimum-spend requirements change. The validity date next to each card is the last date we confirmed the offer was live; always verify on the issuer's page before applying.
- ·Minimum-spend windows start on account opening, not on first use. Plan your spending accordingly.
- ·Welcome bonus values denominated in points depend on the redemption you choose. Cash and statement-credit redemptions tend to realize lower per-point value than transfer-partner premium-cabin redemptions.
Point valuations
Point values shown on this page are our estimates, not guarantees. Conservative reflects the easy redemption floor, typically statement credit or merchandise. Travel redemption reflects what a careful user targets when transferring to airline partners on premium-cabin flights. Your realized value will depend on how and when you redeem.
Point valuations were last reviewed June 2026. Small CPP differences can swing card rankings by hundreds of dollars — treat the “Best pick” net value as a planning estimate, not a guarantee.
Tax disclaimer
Credit-card welcome bonuses are generally not considered taxable income for personal use in Canada because CRA treats them as a rebate on personal purchases, but the treatment can differ for business cards, points earned on deductible expenses, or other edge cases. Speak to a qualified accountant about your specific situation.