We've brought the Starwood card back in even though it has an annual fee. It is still one of the best cards out there with the sign up bonus being worth well over $400 alone meaning after the annual fee you'll net at least $280 in value if not more meaning it provides more value than the TD First Class Visa Infinite card which we featured last month.
So here are our top 5 credit card sign up offers for May (in alphabetical order)
A mainstay offer here on Rewards Canada, the American Express Gold Rewards card has its first year fee of $150 waived and will award you 25,000 Membership Rewards points when you complete $500 in spending in the first three months. That 25,000 points is worth a $250 travel credit via Amex's TripFlex feature or can be converted to 25,000 Aeroplan Miles (1 Round trip Economy Award ticket within North America) or 25,000 British Airways Executive Club Avios (as much a 3 one way Economy Award tickets in North America, see this post for details.)
American Express Air Miles Platinum Credit Card - 2,000 Reward Miles (Apply here)
A newcomer to our monthly Top 5 sign up offers, the American Express Air Miles Platinum card comes first year free and comes with a 2,000 Reward Miles sign up bonus when you complete $500 in spending in the first three months. That 2,000 Miles is worth anywhere from $220 to $300 in flight value when you get around to redeeming them.
Chase Marriott Rewards Premier Visa - 30,000 Points (Apply here)
The best no foreign transaction fee card in Canada makes it to this list due to a very strong acquisition offer. I mean who can complain with 30,000 points awarded on approval and a certificate for a free night stay at a Category 1-4 hotel for a potential of 5 free nights, all at no cost as the card has the annual fee waived in the first year! They also give you a 15 night credit into the mix which automatically provides you with Marriott Rewards Silver Elite status.
Starwood Preferred Guest Credit Card from American Express - 20,000 Starpoints (Apply here)
With the sign up bonus remaining at 20,000 Starpoints this is the only card in this list that doesn't have the first year fee waived. That doesn't matter. This is by far the best hotel points card in Canada and Starpoints have huge value. The 20,000 Starpoint bonus when you spend $500 on the card is worth at least $400 when redeeming them for Starwood Hotel stays or you can convert them to airline miles in over 30+ programs and Starwood will kick in an additional 5,000 miles when you transfer 20,000 Starpoints at a time.
Earn up to 30,000 Bonus Aeroplan Miles and a 100% rebate off your first year annual fee when you apply for and receive the TD Aeroplan Visa Infinite Card. 15,000 Bonus miles awarded on first purchase, 10,000 after 90 days and 5,000 for adding an authorized user. That means those 25,000 are free and worth well over $400 and you'll save the $120 fee in the first year. The 5,000 additional miles for the authorized user come with a $50 cost for that additional card.
If you went for all these cards you ultimately could end up with over $1000 in travel credits and hotel free nights but even if you only take on one or two you are helping your travel budget significantly at no cost other than regular credit card spend