Best Credit Card Welcome Offers In Canada For February 2023

TD First Class Travel Visa Infinite Card

Strong points card that allows you to collect at a higher rate and redeem for best value through Expedia.

Rewards: Earn 8 TD Rewards per dollar spent at Expedia For TD. Earn 6 TD Rewards per dollar spent on groceries and restaurants. Earn 4 TD Rewards per dollar spent on recurring bills. Earn 2 TD Rewards per dollar spent on all other purchases.

Welcome Offer: 20,000 TD Rewards Points with first purchase and 115,000 TD Rewards Points when you spend $5,000 within the first 180 days.

Annual Fee: $139

Other Benefits and Drawbacks: A strong welcome bonus including an annual travel credit. Points are best value when used towards travel booked specifically with Expedia for TD.

TD Aeroplan Visa Infinite Privilege

A high-end travel credit card with fantastic travel benefits and great earning potential for Aeroplan members.

Rewards: Earn 1 Aeroplan point per dollar $1 spent at Air Canada, including Air Canada Vacations. Plus, earn 1.5 Aeroplan points per dollar spent on gas, groceries, dinging and travel. In addition, earn 1.25 Aeroplan points per dollar spent on everything else. Earn points twice at Aeroplan partner brands and at the Aeroplan.

Welcome Offer: Earn 20,000 Aeroplan points when you make your first purchase and 60,000 Aeroplan points when you spend $7,500 within the first 180 days of opening the account. Plus, earn 35,000 Aeroplan points when you spend $12,000 within 12 months of account opening.

Annual Fee: $599

Other Benefits and Drawbacks: The TD Aeroplan Visa Infinite privilege comes with a host of travel perks. However, it is also one of the most expensive cards.

CIBC Aeroplan Visa Infinite Privilege Card

A top-tier travel card that makes earning Aeroplan rewards even easier.

Rewards: Earn 2 Aeroplan points per dollar $1 spent at Air Canada, including Air Canada Vacations. Meanwhile, earn 1.5 Aeroplan points per dollar spent on gas, groceries, dining and travel. Plus, earn 1.25 Aeroplan points per dollar $1 spent on everything else and earn Aeroplan points twice at Aeroplan partners and at the Aeroplan eStore.

Welcome Offer: Earn 20,000 Aeroplan points when you make your first purchase and 40,000 Aeroplan points when you spend at least $3,000 during your first 4 monthly statements. Plus, earn 30,000 Aeroplan points as an additional anniversary bonus.

Annual Fee: $599

Other Benefits and Drawbacks: The CIBC Aeroplan Visa Infinite Privilege Card has a decent welcome bonus and plenty of travel benefits. It’s a high cost card and the Welcome Bonus isn’t as generous as the TD version, but the spend requirement is also much lower.

BMO Eclipse Visa Infinite Privilege Card

A top-tier rewards card in Canada with one of the highest earn rates on the market.

Rewards: Earns 5 points per dollar on groceries, gas, dining, travel and drugstore purchases and 1 point per dollar on everything else. Plus, earn 25% more points on purchases when you add an authorized user.

Welcome Offer: 50,000 points when you spend $6,000 within the first 3 months and 40,000 points when you spend at least $100,000 in the first year.

Annual Fee: $499

Other Benefits and Drawbacks: The BMO Eclipse Visa Infinite Privilege Card comes with plenty of perks, but the accelerated earn rate makes it a stand out. That being said, there are spending caps.

CIBC Aventura Visa Infinite

A fully-loaded travel credit card with a more affordable annual fee and lower spend requirement to earn the welcome bonus.

Rewards: Earn 2 Aventura points per dollar on travel purchased through the CIBC Rewards Centre. In addition, earn 1.5 Aventura points per dollar spent at gas stations, grocery stores and on drug store purchases. Plus, earn 1 Aventura points per dollar spent on everything else.

Welcome Offer: Get 20,000 Aventura points when you make your first purchase and get 15,000 Aventura points when you spend $1,000 or more each month for your first year.

Annual Fee: $139

Other Benefits and Drawbacks: The CIBC Aventura Visa Infinite Card provides plenty of perks at a much more reasonable annual fee. However, earn rates aren’t quite as high as other options.

CIBC Aventura Gold Visa

A fantastic travel credit card for individuals with lower annual incomes.

Rewards: Earn 2 Aventura points per dollar on travel purchased through the CIBC Rewards Centre. Plus, earn 1.5 Aventura points per dollar spent at gas stations, grocery stores and at drug stores. In addition, earn 1 Aventura points per dollar spent on everything else.

Welcome Offer: 15,000 Aventura points when you make your first purchase and 20,000 Aventura points when you spend a minimum of $1,000 within the first 4 months.

Annual Fee: $139

Other Benefits and Drawbacks: More accessible to individuals who earn a lower income. However, it is lacking in benefits.

CIBC Aventura Visa Infinite Privilege Card

Top-tier travel card with the best earning potential for the Aventura program.

Rewards: Earn 3 Aventura points per dollar on travel purchased through the CIBC Rewards Centre. Plus, earn 2 Aventura points per dollar spent on gas, transportation, groceries, dining and entertainment. In addition, earn 1.25 Aventura points per dollar spent on everything else.

Welcome Offer: Get 50,000 Aventura points when you spend a minimum of $3,000 within the first 4 months.

Annual Fee: $499

Other Benefits and Drawbacks: The CIBC Aventura Visa Infinite Privilege Card has the strongest earn rate and welcome bonus for the Aventura program. It also comes with a hefty annual fee.

Scotiabank Platinum Amex Card

A strong travel card with plenty of perks for Canadians who are Scene+ rewards collectors.

Rewards: Earn 2 Scene+ points per dollar on all purchases.

Welcome Offer: 50,000 Scene+ points when you spend a minimum of $3,000 in the first 3 months and 10,000 Scene+ points when you spend at least $10,000 within the first 14 months.

Annual Fee: $399

Other Benefits and Drawbacks: The Scotiabank Platinum American Express Card offers a plethora of great travel perks. However, the annual fee is pretty high and there are no accelerated earn rate categories.

BMO Eclipse Visa Infinite Card

High earn rates without the hefty annual fee.

Rewards: Earn 5 BMO Rewards points per dollar $1 spent on groceries, dining, gas and transit. Plus, earn 1 BMO Rewards point per dollar $1 spent on everything else.

Welcome Offer: 30,000 points when you spend $3,000 in the first 3 months and 2,500 points for each month in which you spend at least $2,000 in purchases on your card (for the first 12 months).

Annual Fee: $120

Other Benefits and Drawbacks: The BMO Eclipse Visa Infinite Card offers high earning rates for a much lower annual fee. This card is also significantly less expensive, but doesn’t have the same amount of benefits as the BMO Eclipse Visa Infinite Privilege card.

RBC British Airways Visa Infinite

Ideal for individuals who regularly travel using British Airways or oneworld partner airlines.

Rewards: Earn 1 Avios point for every dollar spent.

Welcome Offer: Earn up to 15,000 Avios upon approval. Plus, earn 35,000 bonus Avios when you spend $6,000 within the first 3 months. In addition, earn 10,000 Avios after your first year.

Annual Fee: $165

Other Benefits and Drawbacks: A good choice if you are a frequent flyer on British Airways. However, as a general travel card, the benefits and flexibility in booking partners are lacking.

Related: How to apply for a Credit Card