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
23 of 23 cards have structured source checks
Most recent check: Aug 4, 2026. 3 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.
Aeroplan valued at 1.5¢/pt (conservative)Verified 2026-06-06
35,000 Aeroplan points year-1 bonus for $7,500 spend
7% return
$7,500 in first 6 months
35,000 Aeroplan points
$525
$7,500 spend · 7% return
Year 2 bonus
$1,000 in month 13
10,000 Aeroplan points
$150
$1,000 spend
Show details
- ·Issuer headline is up to 45,000 Aeroplan points. Calculator counts the 35,000 points after $7,500 of spend in the first 6 months; the 10,000-point month-13 tranche (after $1,000 spend) is excluded.
- ·Amex publishes no application deadline for this offer and states it is subject to change at any time. The valid-through date here is our scheduled re-check, not an issuer commitment, so confirm the offer on Amex's site before applying.
- ·Annual fee is $120 with no first-year waiver.
- ·Aeroplan points transfer across Air Canada and Star Alliance partners. Redemption mode uses 2.1cpp as a conservative premium-cabin target.
Enter monthly spend to rank this offer by net first-year value.
Aeroplan valued at 1.5¢/pt (conservative)Verified 2026-06-06
60,000 Aeroplan points year-1 bonus for $7,500 spend
12% return
$7,500 in first 3 months
60,000 Aeroplan points
$900
$7,500 spend · 12% return
Year 2 bonus
$2,500 in month 13
25,000 Aeroplan points
$375
$2,500 spend
Show details
- ·Issuer headline is up to 85,000 Aeroplan points. Calculator counts the 60,000 points tied to $7,500 of spend in the first 3 months; the 25,000 points for $2,500 of spend in month 13 are excluded.
- ·Amex publishes no application deadline for this offer and states it is subject to change at any time. The valid-through date here is our scheduled re-check, not an issuer commitment, so confirm the offer on Amex's site before applying.
- ·Annual fee is $599 and each additional card is $199. Reserve perks include unlimited Air Canada Maple Leaf Lounge access when flying Air Canada and, after $25,000 in net purchases in a cardmember year, a worldwide companion pass; this calculator nets only the fee, not those benefits.
- ·Aeroplan points transfer across Air Canada and Star Alliance partners. Redemption mode uses 2.1cpp as a conservative premium-cabin target.
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
Show details
- ·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.
American Express
Marriott Bonvoy Business Card
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Marriott Bonvoy valued at 0.7¢/pt (conservative)Editorial estimate
80,000 Marriott Bonvoy points year-1 bonus for $10,000 spend
5.6% return
$10,000 in first 6 months
80,000 Marriott Bonvoy points
$560
$10,000 spend · 5.6% return
Year 2 bonus
1 purchase in month 15
30,000 Marriott Bonvoy points
$210
1 purchase
Show details
- ·Issuer headline is up to 110,000 Marriott Bonvoy points on an elevated offer that ends September 22, 2026. Calculator counts the 80,000 points after $10,000 of spend in the first 6 months; the 30,000 points for a purchase in month 15 are excluded.
- ·Annual fee is $150 with no first-year waiver.
- ·Amex's own small-business card listing still shows the evergreen offer of up to 80,000 points (70,000 after $5,000 in the first 3 months plus 10,000 after $1,000 in month 13). The elevated terms above come from Marriott and independent trackers, so confirm the offer on the application page before applying.
- ·The card grants an annual Free Night Award (redemption value up to 35,000 points), automatic Silver Elite status, and 15 Elite Night Credits each year; this calculator values only the welcome points. Marriott Bonvoy points are modeled at an editorial 0.7-0.9cpp.
- ·Business-card tax treatment can differ when points are earned on deductible expenses. See the tax disclaimer below.
American Express
Marriott Bonvoy Card
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Marriott Bonvoy valued at 0.7¢/pt (conservative)Editorial estimate
80,000 Marriott Bonvoy points year-1 bonus for $6,000 spend
9.3% return
$6,000 in first 6 months
80,000 Marriott Bonvoy points
$560
$6,000 spend · 9.3% return
Year 2 bonus
1 purchase in month 15
30,000 Marriott Bonvoy points
$210
1 purchase
Show details
- ·Issuer headline is up to 110,000 Marriott Bonvoy points on an elevated offer that ends September 22, 2026. Calculator counts the 80,000 points after $6,000 of spend in the first 6 months; the 30,000 points for a purchase in month 15 are excluded.
- ·Annual fee is $120 with no first-year waiver.
- ·The card also grants an annual Free Night Award (redemption value up to 35,000 points) and 15 Elite Night Credits each year; this calculator values only the welcome points, not those recurring perks. Marriott Bonvoy points are modeled at an editorial 0.7-0.9cpp.
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Membership Rewards valued at 1¢/pt (conservative)Verified 2026-06-06
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- ·Issuer headline is up to 100,000 Membership Rewards points. Calculator counts the 70,000 points tied to $10,000 of spend in the first 3 months; the 30,000 points for one purchase between months 15 and 17 are excluded.
- ·Amex publishes no application deadline for this offer and states it is subject to change at any time. The valid-through date here is our scheduled re-check, not an issuer commitment, so confirm the offer on Amex's site before applying.
- ·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 annual fee is rebated for both the primary cardholder and authorized users. 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 eligible travel and 3x on dining, entertainment, and recurring bills; not modeled here.
BMO
Cash Back World Elite Mastercard
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- ·Welcome offer pays $40 bonus cash back for each of the first 12 billing cycles where net purchases reach $2,000, up to $480 total; the full bonus requires $2,000 in every cycle, roughly $24,000 over the year.
- ·Applications must be received by October 31, 2026 to qualify.
- ·First-year primary annual fee is rebated. Year-2 annual fee is $139.
- ·Ongoing rates are 5% cash back on groceries, 4% on transit, 3% on gas and EV charging, 2% on recurring bills, and 1% on everything else; this calculator compares welcome value only.
- ·Minimum income required by BMO for World Elite is $80,000 individual or $150,000 household.
Enter monthly spend to rank this offer by net first-year value.
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.
Enter monthly spend to rank this offer by net first-year value.
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
45,000 Aventura points year-1 bonus for $3,000 spend
15% 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
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- ·Digital-exclusive offer tranches: 15,000 points on first purchase, plus 30,000 after $3,000 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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$250 year-1 bonus for $2,000 spend
12.5% return
10% back on the first 4 statements
$200
$200
$2,000 spend · 10% return
Set up 1 pre-authorized payment
$50
$50
1 PAD setup
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- ·Welcome offer is 10% cash back on net purchases up to $2,000 over the first 4 monthly statements (capped at $200), plus a $50 bonus for setting up one pre-authorized payment in the same window, for up to $250 in welcome cash.
- ·The $120 annual fee is rebated in the first year, so net first-year value counts the full welcome cash. Additional cards are $30 each (rising to $50 on August 1, 2026).
- ·Ongoing earn is 4% on gas, EV charging, and groceries, 2% on dining, transport, and recurring payments, and 1% elsewhere; this page compares welcome value only.
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RBC Avion valued at 1¢/pt (conservative)Verified 2026-06-06
55,000 RBC Avion points year-1 bonus for $5,000 spend
11% return
On approval
35,000 RBC Avion points
$350
On approval
$5,000 in first 6 months
20,000 RBC Avion points
$200
$5,000 spend · 4% return
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- ·Welcome is 35,000 Avion points on approval (credited within 60 days, no spend requirement) plus 20,000 bonus points after $5,000 in net purchases in the first 6 months.
- ·The full 55,000 points now arrive in year 1; the calculator's minimum spend reflects the $5,000 needed for the 20,000-point tranche.
- ·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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Scene+ valued at 1¢/pt (conservative)Verified 2026-07-19
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 2026-07-19
50,000 Scene+ points year-1 bonus for $7,500 spend
6.7% return
$2,000 in first 3 months
30,000 Scene+ points
$300
$2,000 spend · 15% return
$7,500 in first 12 months
20,000 Scene+ points
$200
Next $5,500 · 3.6% return
Show details
- ·Offer tranches: 30,000 Scene+ points after $2,000 in everyday eligible purchases in the first 3 months, plus 20,000 more after $7,500 in eligible purchases in the first year (accounts opened July 2 - November 1, 2026).
- ·The $120 annual fee is charged in the first year. It is only rebated if you hold an eligible Scotiabank chequing account (full rebate on the Ultimate Package, $40 on the Preferred Package); this calculator nets the full fee.
- ·Scene+ points are modeled at 1cpp in both valuation modes because travel redemptions are cash-equivalent through Scene+ Travel and statement-style travel credits.
Enter monthly spend to rank this offer by net first-year value.
Scene+ valued at 1¢/pt (conservative)Verified 2026-07-19
25,000 Scene+ points year-1 bonus for $2,000 spend
12.5% return
$2,000 in first 3 months
25,000 Scene+ points
$250
$2,000 spend · 12.5% return
Year 2 bonus
$40,000 in a year (recurring)
10,000 Scene+ points
$100
Next $38,000
Show details
- ·Scotiabank's headline is up to 35,000 Scene+ points. This calculator counts the 25,000-point welcome bonus after $2,000 in eligible purchases during the first 3 months for accounts opened August 4 - November 1, 2026. The recurring 10,000-point bonus after $40,000 of annual spend is ongoing earn and is not counted in year-1 welcome value.
- ·The $150 annual fee is charged in the first year. An eligible Scotiabank Ultimate Package can rebate the fee; this calculator conservatively nets the full fee. The first supplementary card is free.
- ·The 25,000-point welcome offer excludes current Scotiabank employees and anyone who is or was a primary or secondary cardholder of a Scotiabank personal credit card in the past 2 years.
- ·No foreign-transaction fee, plus six complimentary airport-lounge passes; this calculator does not value those perks. Scene+ points are modeled at 1cpp in both valuation modes.
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- ·Welcome is 10% cash back on the first $1,000 of total net purchases in the 60 days after activation, capped at $100. It is not restricted to your chosen 2% categories.
- ·Applications must be received by September 30, 2026; the account must be activated within 45 days of approval.
- ·No annual fee.
- ·Ongoing 2% cash back in two chosen categories, with a third 2% category unlocked when rewards are deposited to a Tangerine Savings Account; 0.5% on everything else. Welcome value is what is modeled here.
- ·Tangerine pays cash back monthly to 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 12 months (anniversary)
15,000 Aeroplan points
$225
Next $9,000
Show details
- ·Year-1 tranches include 10,000 points after first purchase and 15,000 after $3,000 within 90 days.
- ·The 15,000-point anniversary bonus after $12,000 in 12 months 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.
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TD Rewards valued at 0.5¢/pt (conservative)Verified 2026-06-06
146,000 TD Rewards points year-1 bonus for $7,500 spend
9.7% return
First purchase
20,000 TD Rewards points
$100
First purchase
$7,500 in 180 days
126,000 TD Rewards points
$630
$7,500 spend · 8.4% return
Show details
- ·Welcome offer is 20,000 TD Rewards points after your first purchase, plus 126,000 after $7,500 in net purchases within 180 days, for up to 146,000 points. The annual birthday bonus of up to 10,000 points is ongoing earn and is not counted here.
- ·The $139 primary annual fee and the $50 first additional-card fee are rebated in the first year when you activate and make a first purchase within 3 months, so net first-year value counts the full welcome bonus.
- ·TD Rewards redeem at about $0.005 per point (0.5cpp) through Expedia For TD, so both valuation modes use 0.5cpp. The large headline point count reflects that low per-point value.
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 a portal booking, statement credit or merchandise. Travel redemption reflects each program's practical better redemption, which is an airline-partner transfer on premium-cabin flights only where the program supports one. Where it does not, such as TD Rewards, Scene+ and BMO Rewards, both settings are the same. 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, so 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.