Monday, July 5, 2021

Top 5 Credit Card Sign Up offers for July - These cards provide the most value out of their welcome bonuses


Here are the Rewards Canada Top 5 Travel Credit Card Sign Up offers for the month of July 2021! 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 three first year free cards on the list

Big changes this month thanks to American Express' Massive best ever bonuses and accelerated earn rates on seven American Express cards (Platinum, Aeroplan, Marriott Bonvoy & AIR MILES) we see their Aeroplan cards jump up to take the top two spots. Overall Aeroplan dominates the list with four out of five cards being co-branded Aeroplan cards. The WestJet card remains on the list edging out the Marriott Bonvoy American Express Card by only $1 in value and only $31 ahead of the Scotia Gold American Express card.

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 July (in order of welcome bonus value, calculated as minimum mile/points value minus annual fee)



Amex's Ultra Premium Aeroplan card is one of the seven cards that was included in the massive new welcome offers released last month! You can get up to 100,000 points for your spending in the first six months of having the card plus on top of that you'll earn 10x points special offer on Eats & Drinks up to 50,000 points. In the end the welcome offer provides up to 150,000 points - the most ever for an Aeroplan card. However for all intensive purposes we don't include that accelerated earn rate in our calculations. Thus we take the 100,000 points bonus multiplied by our Aeroplan point value of 1.5 cents per points and subtract the annual fee of $599 to get a value of $901!
Minimum Income: N/A
 


Minimum value: $630
Amex's mainstay Aeroplan card is one of the seven cards that was included in the massive new welcome offers released last month! You can get up to 50,000 points for your spending in the first six months of having the card plus on top of that you'll earn 5x points special offer on Eats & Drinks up to 25,000 points. In the end the welcome offer provides up to 75,000 points. However for all intensive purposes we don't include that accelerated earn rate in our calculations. Thus we take the 50,000 points bonus multiplied by our Aeroplan point value of 1.5 cents per points and subtract the annual fee of $120 to get a value of $630!
Minimum Income: N/A
 

Minimum value: $600
The new Aeroplan cards are here and the bonus offer on the mainstay cards provide 20,000 Aeroplan points, a Buddy Pass and an annual fee rebate for the primary and first additional cardholder. All told the points and buddy pass are worth no less than $600 in our minds and in reality should be worth much more than that. Remember that you can also choose to convert the Buddy Pass to Aeroplan points. To get in on this bonus you have to apply by August 16, 2021. Learn more about the Buddy Pass here and the New Aeroplan program here. You can also read our review of this card here.
Minimum Income: $60,000 Personal or $100,000 Household
This offer is not available for residents of Quebec. For Quebec residents, please click here.
 
 

Minimum value: $600
The offer on this card is virtually the same as the TD version but offers fee rebates on more additional cards than the TD version. The welcome bonus provides 20,000 Aeroplan points, a Buddy Pass and an annual fee rebate for the primary and three additional cardholders. Remember that you can also choose to convert the Buddy Pass to Aeroplan points. All told the points and buddy pass are worth no less than $600 in our minds and in reality should be worth much more than that. Learn more about the Buddy Pass here and the New Aeroplan program here.
Minimum Income: $60,000 Personal or $100,000 Household

WestJet RBC World Elite Mastercard - 350 WestJet dollars + $0 Companion Voucher (Apply here) Minimum value: $531
WestJet took notice of Aeroplan's Buddy Pass and has matched them by offering a $0 companion voucher (you just pay taxes & fees) for new card approvals. On top of this you'll 350 WestJet dollars on your first purchase.  To get in on this both the 350 WJD & $0 Companion Voucher you have to apply by August 16, 2021.
Minimum Income: $80,000 Personal or $150,000 Household


If you went for all these cards you ultimately could end up with over $2,900* in travel value to well beyond that! However 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.
* We subtract $300 from the total since you can only get one buddy pass from the offers

Disclaimers:
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.


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