Top 5 Credit Card Sign Up offers for February – 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 February 2020! 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 (welcome/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 some 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 see two first year free cards on the list!

Once again we see no changes this month from January although we should give an
honorable mention to the CIBC Aventura Visa Infinite Privilege Card as
it can push a decent value of over $500 but don’t play your redemptions
right and you could end of with a value of only $1. With many offers ending this month or early in March we should see this list change next month!

Remember as well that you will find this list smack dab in the middle of the Rewards Canada homepage for
easy reference!

Here are our top 5 credit card sign up offers for February (in order of
welcome bonus value, calculated as minimum mile/points value minus
annual fee)

Marriott Bonvoy American Express Card – 50,000 Points (Apply here)

No changes to this card means it stays put on the list The 50,000 points, awarded after
spending $1,500 on the card in three months are worth at least $500 in
our minds which means after subtracting the annual fee you are coming
out ahead by $380. 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!  Don’t forget you get an annual free night with the card as well on the card anniversary date!

Minimum Income: N/A

Alaska Airlines World Elite Mastercard – 30,000 Miles (Apply here)

This card offers a welcome bonus of 30,000 miles when you spend $1,000
on the card in the first three months of having it. This is one of the
easiest bonuses to achieve and this card is one of the most churnable in
Canada. There are really no problems in getting it 2-4 times in one
year alone! Those 30,000 miles are worth no less than $330 when
redeeming for economy class flights and just go up from there like the
TD Aeroplan card.

Income: $80,000
Personal or $150,000 Household

National Bank of Canada World Elite Mastercard – $480 Cash Back (Apply here)

card’s offer hasn’t changed in a few months so it retains its spot in the list. You will get $40 cash back for each
month you spend $500 on the card in the first 12 months. This will give
you $480 in rewards but then subtracting the annual fee of $150 you are
out ahead by $330.

Income: $80,000
Personal or $150,000 Household

BMO AIR MILES World Elite Mastercard – 3,000 Miles (Apply here)

This card offers a welcome bonus of 3,000 AIR MILES Reward Miles, split
between 1,000 on first purchase and 2,000 more when you spend $3,000
within 3 months of getting the card. The annual fee of $120 is waived in
the first year as well meaning these miles come to you at no cost other
than card spend. Those 3,000 miles are worth $330 at a minimum when
redeeming towards travel.

Income: $80,000
Personal or $150,000 Household

If you went for all these cards you ultimately could end up with
anywhere from $1,700 to over $3,000 in travel value. However even if you only take
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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accuracy of information on this website. For full details and current
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