Tuesday, April 9, 2019

Top 5 Credit Card Sign Up offers for April - These cards provide some of the best value out of their welcome bonuses

Here are the Rewards Canada Top 5 Credit Card Sign Up offers for the month of April! 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 (sign up) offers. As always when choosing a card you should always take other factors into account other than the just sign up bonus, but when most or all of these cards are first year free, they can and do pay off even when you grab them strictly for the sign up rewards.  This month we're back to adding one annual fee card into the mix along with four cards that offer first year free waivers.

This month the list has the same cards as we saw in March although one card has seen a slight decrease in value, the BMO AIR MILES World Elite Mastercard. The card no longer offers the companion flight benefit we have seen for the past few months. There were other cards we consider this month such as the HSBC World Elite Mastercard since it is first year free and offers up a higher sign up bonus of up to 60,000 points but it has quite a large amount of spend required to get the full bonus. We also considered the CIBC Aventura Visa Infinite Card with its current $120 travel credit offer on top of the sign up bonus but if you don't use that credit you are out the $120 annual fee.

Here are our top 5 credit card sign up offers for April (in alphabetical order)

BMO AIR MILES World Elite Mastercard - 3,000 Miles  (Apply here)
This almost best ever sign up bonus for an AIR MILES co-branded card continues on our Top 5 sign up list thanks to its 3,000 miles sign up bonus (worth ~$300 or more) and no annual fee in the first year! The only difference from last month is the loss of the companion flight offer. Even if you aren't a fan of AIR MILES the fact you can get 3,000 miles and them use them as cash rewards for no cost to you should be enough to go out and get this card. Please note: new Collectors have Miles automatically deposited into their Dream Account, not their Cash account. Minimum Income: $80,000 Personal or $150,000 Household

BMO BMO World Elite Mastercard - 35,000 Points  (Apply here)
The card offers a 35,000 point sign up bonus that is worth $250 in travel and since the card is first year free right now (they bill you $150 and then rebate after several months) that means your $250 in travel is free and yes you even get the LoungeKey access and 4 lounge passes included in that first year free.  Minimum Income: $80,000 Personal or $150,000 Household
Marriott Bonvoy American Express Card - 60,000 Points (Apply here)
First time on the list as a Marriott Card but not actually since the SPG Amex was featured here many a time! This is the only card on the list that has an annual fee right of the bat but the sign up bonus and other benefits more than make up for it. The 60,000 points, awarded after spending $1,500 on the card in three months are worth at least $600 in our minds which means after subtracting the annual fee you are coming out ahead by $480. In reality you can pull even more value out of the card (into four figures) as we outlined in our post A look at how The Marriott Bonvoy American Express Card provides huge value!   Minimum Income: N/A

TD Aeroplan Visa Infinite Card - 30,000 Miles (Apply here)
One of the more popular offers on our site right now with card offering up to  30,000 Aeroplan miles and the annual fee rebated in the first year! This is one of the richest offers yet for this card. The bonus is awarded as follows: 15,000 Aeroplan Miles when you make your first Purchase with your Card + 15,000 Aeroplan Miles when you spend $1,000 within 90 days of Account opening. Depending on how you redeem those Aeroplan miles should be worth no less than $450 but more likely closer to $600 or more! Minimum Income: $60,000 Personal or $100,000 Household

TD First Class Visa Infinite Card - 80,000 Points (Apply here)
We continue with the best offer we've ever seen for this card! You get the standard sign up bonus of 20,000 points after the first purchase made on the card and another 60,000 if you spend $1,000 on the card in first 90 days having it. And all of this with a first year annual fee rebate! Those 80,000 points translate to $320 worth of travel credits for any travel booking or $400 worth of travel for bookings made via Expedia For TD. Minimum Income: $60,000 Personal or $100,000 Household

If you went for all these cards you ultimately could end up with nearly $1,900 in travel credits 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. We don't really recommend getting all five in one month unless you know you can meet the minimum spend for them all at once, rather you'd want to pick one or two right now, perhaps another next month and so on.

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