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Best Credit Card Welcome Offers for May 2021

May 3, 2021
11 mins
A woman reads out her credit card details as a man types the information into a laptop

Every month, we at RATESDOTCA analyze the best credit cards in Canada to bring you the top sign-up bonuses and welcome offers before they expire.

Some welcome bonuses offer cash back or reward points, while others provide low balance transfer promotions to help cardholders pay down their balance faster and, ideally, pay less interest. An annual fee rebate or waiver can also give cardholders additional savings for the first year.

This extensive list can help cardholders amass thousands of rewards or hundreds of dollars in savings. Compare our top picks to find the best fit for your lifestyle and spending habits.

Our top picks
Credit card Welcome offer Annual fee

1. CIBC Aventura® Visa InfiniteTM Card

  • Earn up to 35,000 Aventura Points.

$139 (First year rebated)

2. Scotiabank®* Gold American Express® Card

  • Earn up to 40,000 Scotia Rewards points.
  • This offer expires on August 31, 2021.

$120

3. BMO AIR MILES World Elite* Mastercard*

  • Get up to 2,000 AIR MILES Bonus Miles.
  • This offer expires on October 31, 2021.

$120 (First year waived)

4. The American Express® AIR MILES®* Platinum Credit Card

  • Earn up to 2,000 AIR MILES Bonus Miles.

$120

5. TD® Aeroplan® Visa Infinite* Card

  • Earn up to 20,000 Aeroplan points and a bonus Buddy Pass.
  • This offer expires on May 30, 2021.

$139 (First year rebated)

6. American Express® Aeroplan®* Card

  • Earn up to 15,000 Aeroplan points and a bonus Buddy Pass.

$120

7. CIBC Dividend® Visa Infinite* Card

  • Earn up to 10% cash back for the first four months.

$120 (First year rebated)

8. Scotia Momentum® Visa Infinite* Card

  • Earn up to 10% cash back for the first three months
  • This offer expires on August 31, 2021.

$120 (First year waived)

9. SimplyCash™ Preferred Card from American Express

  • Earn up to 4% cash back for the first four months.

$99

10. CIBC Aventura® Visa * Card

  • Earn up to 10,000 bonus Aventura Points.

$0

11. BMO CashBack® Mastercard®*

  • Earn up to 5% cash back in the first three months. Conditions apply.
  • This offer expires on October 31, 2021.

$0

12. CIBC Select Visa* Card

  • Get a 0% promotional interest rate on balance transfers for up to 10 months. Conditions apply.

$29

13. Tangerine World Mastercard®

  • Get a 1.95% interest rate on balance transfers for the first six months. Conditions apply.
  • Earn a $100 e-Gift Card from RATESDOTCA upon approval until May 14, 2021.

$0

1. CIBC Aventura® Visa InfiniteTM Card

CIBC Aventura® Visa InfiniteTM

card image
Welcome bonus
$805
CIBC Aventura Rewards points
Annual rewards
$731
CIBC Aventura Rewards points
Annual fee
$139
First Fee Rebate

Winner – Best Overall Travel Credit Card
Earn points on all purchases and redeem on travel or statement credits
Details at a glance Collapse details
Welcome bonus
$805
Annual rewards
$731
Winner – Best Overall Travel Credit Card
Earn points on all purchases and redeem on travel or statement credits
Details at a glance Collapse details

The CIBC Aventura® Visa InfiniteTM Card offers up to 35,000 bonus Aventura Points. Get 20,000 Aventura Points when you make your first purchase. Get an additional 1,250 points each monthly statement period you spend at least $1,000 on your card in the first 12 months. Plus, get an annual fee rebate for the first year.

Regular features and benefits of this card include:

  • Annual fee: $139
  • Annual fee for additional cards: $50
  • Earn two points for every $1 spent on travel through the CIBC Rewards Centre.
  • Earn 1.5 points for every $1 spent at eligible gas stations, grocery stores, and drugstores.
  • Earn one point for every $1 spent everywhere else.

This card also features comprehensive travel insurance coverage, a complimentary Priority PassTM membership with four free lounge visits annually, and one NEXUS application fee rebate every four years.

Offer expiry date: N/A subject to change without notice

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2. Scotiabank®* Gold American Express® Card

Scotiabank®* Gold American Express® Card

card image
Welcome bonus
$400
Scotia Rewards points
Annual rewards
$744
Scotia Rewards points
Annual fee
$120

Winner – Best Credit Card With No Foreign Transaction Fees for Long Stay Travellers, and Best Credit Card for Staying Home and Ordering In
Strong travel perks and 0% foreign transaction fees compliment great reward value
Details at a glance Collapse details
Welcome bonus
$400
Annual rewards
$744
Winner – Best Credit Card With No Foreign Transaction Fees for Long Stay Travellers, and Best Credit Card for Staying Home and Ordering In
Strong travel perks and 0% foreign transaction fees compliment great reward value
Details at a glance Collapse details

Apply for the Scotiabank®* Gold American Express® Card to earn up to 40,000 Scotia Rewards points in the first year. Earn 30,000 Scotia Rewards points when you spend at least $1,000 in the first three months. Earn another 10,000 points when you spend at least $7,500 in the first 12 months.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $29
  • Earn five Scotia Rewards points for every $1 spent on grocery, fast food, food delivery, and entertainment purchases.
  • Earn three Scotia Rewards points for every $1 spent on eligible gas and daily transit purchases, as well as select streaming services.
  • Earn one Scotia Rewards point for every $1 spent everywhere else.

This card also features no foreign transaction fees (usually around 2.5% of foreign currency purchases), travel insurance, and the Best Price Guarantee on airfare through the Scotia Rewards Travel Service.

Offer expiry date: August 31, 2021

3. BMO AIR MILES World Elite* Mastercard*

BMO AIR MILES World Elite* Mastercard*

card image
Welcome bonus
$447
AIRMILES Rewards
Annual rewards
$412
AIRMILES Rewards
Annual fee
$120
First Year Waived

Great for Air Miles loyalists
Comprehensive travel insurance and access
Details at a glance Collapse details
Welcome bonus
$447
Annual rewards
$412
Great for Air Miles loyalists
Comprehensive travel insurance and access
Details at a glance Collapse details

New cardholders of the BMO AIR MILES World Elite* Mastercard* can get 2,000 AIR MILES Bonus Miles when they spend at least $3,000 in the first three months. Plus, BMO will waive the annual fee for the first year.

Get topped up with five times the AIR MILES on groceries until May 31, 2021, at participating retailers like Sobeys and Foodland.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $50
  • Earn one Mile for every $10 spent on the card.

Get complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with two free passes annually. This card also features travel insurance.

Offer expiry date: October 31, 2021

4. The American Express® AIR MILES®* Platinum Credit Card

The American Express® AIR MILES®* Platinum Credit Card

card image
Welcome bonus
$344
AIRMILES Rewards
Annual rewards
$629
AIRMILES Rewards
Annual fee
$120

Excellent card for frequent flyers
Earn the most miles of any AIR MILES® credit card and redeem for travel or cashback
Details at a glance Collapse details
Excellent card for frequent flyers
Earn the most miles of any AIR MILES® credit card and redeem for travel or cashback
Details at a glance Collapse details

The American Express® AIR MILES®* Platinum Credit Card offers up to 2,000 AIR MILES Bonus Miles when you spend at least $1,500 in the first three months of opening the account.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $0
  • Earn one Mile for every $5 spent on eligible food, drink, gas, and transit purchases in Canada.
  • Earn one Mile for every $10 spent on all other purchases.

This card also features basic travel insurance coverage.

Offer expiry date: N/A subject to change without notice

5. TD® Aeroplan® Visa Infinite* Card

TD® Aeroplan® Visa Infinite* Card

card image
Welcome bonus
$500
Aeroplan Points
Annual rewards
$712
Aeroplan Points
Annual fee
$139
First Year Rebate

Best Aeroplan Credit Card in Canada
VIP benefits when travelling on Aeroplan flights, plus great travel insurance
Details at a glance Collapse details
Welcome bonus
$500
Annual rewards
$712
Best Aeroplan Credit Card in Canada
VIP benefits when travelling on Aeroplan flights, plus great travel insurance
Details at a glance Collapse details

Apply for the TD® Aeroplan® Visa Infinite* Card to earn up to 20,000 Aeroplan points and a bonus Buddy Pass. Earn 10,000 Aeroplan points when you make your first purchase using the card. Earn an additional 10,000 points and a bonus Buddy Pass when you spend at least $1,000 within the first 90 days. Plus, get an annual fee rebate for the first year.

Regular features and benefits of this card include:

  • Annual fee: $139
  • Annual fee for additional cards: $75
  • Earn 1.5 points for every $1 spent on eligible gas, grocery, and direct through Air Canada® purchases made with your card.
  • Earn one point for every $1 spent on all other purchases.

Cardholders can earn points twice when they present their Aeroplan number at over 150 Aeroplan partners.

This card also features travel insurance, Air Canada benefits, and a NEXUS application fee rebate every 48 months.

This offer is not available for residents of Quebec. For Quebec residents, please click here.

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 click the Apply Now button.

Offer expiry date: May 30, 2021

6. American Express® Aeroplan®* Card

American Express® Aeroplan®* Card

card image
Welcome bonus
$300
Annual rewards
$558
Annual fee
$120

A newly accelerated rewards program lets you redeem on all things travel!
Includes travel insurance coverage and access to exciting entertainment experiences.
Details at a glance Collapse details
Welcome bonus
$300
Annual rewards
$558
A newly accelerated rewards program lets you redeem on all things travel!
Includes travel insurance coverage and access to exciting entertainment experiences.
Details at a glance Collapse details

The American Express® Aeroplan®* Card offers up to 15,000 Aeroplan points and a bonus Buddy Pass in the first year. Get 9,000 Aeroplan points and a bonus Buddy Pass when you spend at least $1,500 in the first three months of opening the account. Earn an additional 1,000 Aeroplan points each month you spend at least $500 in the first six months.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards:
    • $50 for each cardholder to share some of the benefits
    • $0 per cardholder without benefits
  • Earn two points for every $1 spent directly through Air Canada® with your card.
  • Earn 1.5 points on eligible dining and food delivery purchases in Canada.
  • Earn one point for every $1 spent everywhere else.

Access travel insurance coverage and Air Canada benefits with this card.

Offer expiry date: N/A subject to change without notice

7. CIBC Dividend® Visa Infinite* Card

CIBC Dividend® Visa Infinite*

card image
Welcome bonus
$152
CIBC Cash Back Rewards
Annual rewards
$582
CIBC Cash Back Rewards
Annual fee
$120
First Year Rebate

Limitless cash back card with 4% earns in 2 different categories.
Great base travel insurance.
Details at a glance Collapse details
Welcome bonus
$152
Annual rewards
$582
Limitless cash back card with 4% earns in 2 different categories.
Great base travel insurance.
Details at a glance Collapse details

New cardholders of the CIBC Dividend® Visa Infinite* Card can earn up to 10% cash back for the first four months, up to $2,000 in total purchases. Plus, get an annual fee rebate for the first year.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $30
  • Earn 4% cash back for every $1 spent on gas and groceries.
  • Earn 2% cash back for every $1 spent on transportation, dining, and recurring bill payments.
  • Earn 1% cash back for every $1 spent on all other purchases.

This card also features travel insurance, mobile device insurance, and discounts on fuel at select gas stations.

Offer expiry date: N/A subject to change without notice

8. Scotia Momentum® Visa Infinite* Card

Scotia Momentum® Visa Infinite* Card

card image
Welcome bonus
$153
Scotia Cash Back Rewards
Annual rewards
$564
Scotia Cash Back Rewards
Annual fee
$120
First Year Waived

Bonus: $150 Amazon e-Gift card upon approval
Winner – Best Overall Cash Back Credit Card
Includes comprehensive travel insurance and rare mobile device insurance
Details at a glance Collapse details
Welcome bonus
$153
Annual rewards
$564
Bonus: $150 Amazon e-Gift card upon approval
Winner – Best Overall Cash Back Credit Card
Includes comprehensive travel insurance and rare mobile device insurance
Details at a glance Collapse details

Apply for the Scotia Momentum® Visa Infinite* Card to earn 10% cash back for the first three months, up to $2,000 in total purchases. Plus, Scotiabank will waive the annual fee for the primary and additional cardholders for the first year.

Regular features and benefits of this card include:

  • Annual fee: $120
  • Annual fee for additional cards: $50
  • Earn 4% cash back for every $1 spent on groceries, recurring bill payments, and subscription purchases like Netflix.
  • Earn 2% cash back for every $1 spent on gas and daily transit purchases, including taxis and rideshare services like Uber.
  • Earn 1% cash back for every $1 spent everywhere else.

This card also offers travel insurance and mobile device insurance. Cardholders can also access Visa Infinite benefits like 24/7 concierge services.

Offer expiry date: August 31, 2021

9. SimplyCash™ Preferred Card from American Express

SimplyCash™ Preferred Card from American Express

card image
Welcome bonus
$320
AMEX Cashback Rewards
Annual rewards
$480
AMEX Cashback Rewards
Annual fee
$99

Strong and straightforward cashback rewards rate, 2% acrosss all catagories
Good insurance, and access perks
Details at a glance Collapse details
Welcome bonus
$320
Annual rewards
$480
Strong and straightforward cashback rewards rate, 2% acrosss all catagories
Good insurance, and access perks
Details at a glance Collapse details

The SimplyCash™ Preferred Card from American Express offers new cardholders 10% cash back on all purchases for the first four months, up to $4,000 in total purchases. That is up to $400 in cash back. Plus, earn a $100 statement credit when you spend at least $4,000 on the card in the first four months of opening the account.

Regular features and benefits of this card include:

  • Annual fee: $99
  • Annual fee for additional cards: $0
  • Earn 2% cash back on all purchases.

This card also features shopping and travel insurance coverage.

Offer expiry date: N/A subject to change without notice

10. CIBC Aventura® Visa * Card

CIBC Aventura® Visa * Card

card image
Welcome bonus
$100
CIBC Aventura Rewards points
Annual rewards
$427
CIBC Aventura Rewards points
Annual fee
$0

One of the top no annual fee travel rewards cards
Redeem points on travel, statement credits and more
Details at a glance Collapse details
Welcome bonus
$100
Annual rewards
$427
One of the top no annual fee travel rewards cards
Redeem points on travel, statement credits and more
Details at a glance Collapse details

New cardholders of the CIBC Aventura® Visa * Card can earn up to 10,000 bonus Aventura Points. Get 7,500 points when you make your first purchase. Earn an additional 500 points for completing each of the following five activities:

  • Share your email with CIBC
  • Sign up for eStatements
  • Add an authorized user to the account
  • Hold any eligible CIBC chequing account
  • Add your CIBC Aventura® Visa * Card to Apple Pay®, Samsung Pay, or Google Pay™

Cardholders must complete the five activities within 60 days of opening the account to qualify.

Regular features and benefits of this card include:

  • Annual fee: $0
  • Annual fee for additional cards: $0
  • Earn one point for every $1 spent at gas stations, grocery stores and drugstores.
  • Earn one point for every $1 spent on travel purchases through the CIBC Rewards Centre.
  • Earn one point for every $2 spent on all other purchases.

This card also features basic travel insurance and discounts on fuel at select gas stations.

Offer expiry date: N/A subject to change without notice

11. BMO CashBack® Mastercard®*

BMO CashBack Mastercard®*

card image
Welcome bonus
$95
BMO Cash Back Rewards
Annual rewards
$288
BMO Cash Back Rewards
Annual fee
$0

Winner - Best No-Fee Cash Back Credit Card
Cash back rewards include the freedom to redeem anytime
Details at a glance Collapse details
Welcome bonus
$95
Annual rewards
$288
Winner - Best No-Fee Cash Back Credit Card
Cash back rewards include the freedom to redeem anytime
Details at a glance Collapse details

Apply for the BMO CashBack® Mastercard®* to earn up to 5% cash back on all purchases for the first three months. Conditions apply.

Cardholders can also access a 1.95% promotional interest rate on balance transfers for nine months. A 1% balance transfer fee does apply.

Regular features and benefits of this card include:

  • Annual fee: $0
  • Annual fee for additional cards: $0
  • Earn 3% cash back on the first $500 in grocery purchases monthly.
  • Earn 1% cash back on the first $500 in recurring bill payments monthly.
  • Earn 0.5% unlimited cash back on all other purchases.

This card also features basic shopping coverage and discounts on select rental cars.

Offer expiry date: October 31, 2021

12. CIBC Select Visa* Card

CIBC Select VisaTM

card image
Welcome bonus
$0
Annual rewards
$0
Annual fee
$29

Winner – Best Balance Transfer Credit Card
The best introductory interest rate on balance transfers out there!
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$0
Winner – Best Balance Transfer Credit Card
The best introductory interest rate on balance transfers out there!
Details at a glance Collapse details

The CIBC Select Visa* Card offers cardholders a 0% promotional interest rate on balance transfers for up to 10 months. A balance transfer fee does apply. Also, get an annual fee rebate for the first year.

Regular features and benefits of this card include:

  • Annual fee: $29
  • Annual fee for additional cards: $0
  • Interest rate (purchases): 13.99%
  • Interest rate (cash advances): 13.99%

Pay no transaction fees when you send a CIBC Global Money Transfer™.

Offer expiry date: N/A subject to change without notice

13. Tangerine World Mastercard®

Tangerine World Mastercard®

card image
Welcome bonus
$0
Money-Back Rewards
Annual rewards
$309
Money-Back Rewards
Annual fee
$0

Flexible no fee card that gives you the ability to choose what categories earn you the most cash back
Includes rare mobile device insurance
Details at a glance Collapse details
Welcome bonus
$0
Annual rewards
$309
Flexible no fee card that gives you the ability to choose what categories earn you the most cash back
Includes rare mobile device insurance
Details at a glance Collapse details

The Tangerine World Mastercard® offers a 1.95% promotional interest rate on balance transfers made within 30 days of opening the account for nine months. A 1% balance transfer fee does apply.

Earn a $100 bonus e-Gift Card from RATESDOTCA upon approval for a Tangerine World Mastercard® or Tangerine Money-Back Credit Card until May 14, 2021.

Regular features and benefits of this card include:

  • Annual fee: $0
  • Annual fee for additional cards: $0
  • Earn 2% cash back in up to three categories of your choice (10 Money-Back Categories in total). Start with two and earn the third category when choosing to deposit rewards into a Tangerine Savings Account.
  • Earn 0.5% cash back on all other purchases.

This card also features mobile device insurance and rental car insurance.

Offer expiry date:

  • Tangerine offer: N/A subject to change without notice
  • RATESDOTCA offer: May 14, 2021

Rates, product information, and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. The views and opinions expressed in this review are purely those of RATESDOTCA. Information in this article is accurate as of the date of this posting, May 3, 2021. Read our full disclaimer.

Hayley Vesh

Hayley Vesh is a creative, resourceful, and knowledgeable content producer who is passionate about financial literacy, storytelling, and generating ideas. She writes about credit cards, savings, debt management, and personal finance. In her spare time, Hayley can be found wandering in the woods, hunting for second-hand treasures, or curled up with a steeped tea and a good podcast.

Find Hayley Vesh on LinkedIn.

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