Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of May! This is not a ‘best’ credit card
list like our Top Travel Rewards Credit Card rankings but instead a look at cards that have very good acquisition offers. As always when choosing a card
you should always take other factors into account other than the sign
up bonus, but when most or all of these cards are first year free, they
can and
do pay off even when not taking into account insurance packages and
other non-reward benefits. In fact 4 out of 5 cards on this list for May are first year free so you can try many of them out at no cost, get over $1,000
in rewards and
decide later on if the card is right for you. All the while earning the
sign up bonus which can be used to subsidize your travels! Just ensure
you drop any cards you don’t like before your 1st year anniversary.
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)
American Express Gold Rewards Card – 25,000 Points (Apply here)
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.
TD Aeroplan Visa Infinite Card – 25,000 Miles (Apply here)
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