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 (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.
In fact all of the cards on this list are first year free so you can try
them out at no cost and
decide later on if the card is right for you. All the while you earn the
sign up bonus which can be used to subsidize your travels!
No change once again this month in the cards in this Top 5 list. There does seem to be a bit of a lull right now in the market, just waiting for one of our banks to make the next big move. One offer to look at though, is one we said last month that would end but has been extended to the end of this month is the really good RBC
Avion offer. Read more about that offer here.
Here are our top 5 credit card sign up offers for May (in alphabetical order)
BMO AIR MILES World Elite Mastercard – 3,000 Miles (Apply here)
The
best ever sign up bonus for an AIR MILES co-branded card continues to
be in the 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! 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.
BMO Rewards Mastercard– 20,000 Points (Apply here)
Included in the revamped BMO Rewards program that essentially sees the
program devalued the BMO Rewards Mastercard has never been on this list
before. It now makes the list because it actually has a limited time
sign up bonus and the card has no annual fee so these 20,000 points
(worth ~$142) come to you at no charge. 10,000 points are awarded after
the 1st purchase and then 10,000 more if you can hit $1,000 in spending
in the first three months.
BMO Rewards World Elite Mastercard– 35,000 Points (Apply here)
Revamped on January 15th with a reward program that is less rewards on
your day to day spend the card still graces this list thanks to its sign
bonus and first year free offer. The card now offer 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 Priority Pass access and 4
lounge passes included in that first year free.
CIBC Aventura Visa Infinite – 20,000 Points (Apply Here)
The CIBC Aventura Visa Infinite card now offers up to a 20,000 Aventura
Points sign up bonus worth up to $400 in travel depending on what type
of flight you redeem
for and since the annual fee of $120 (and supplementary cards are waived
as well) those 20,000 points come at no cost to you.
RBC Visa Infinite Avion Card – 25,000 Points (Apply here)
A card not known for straying too far from its standard sign bonus comes
out huge this month with a bonus that’s 10,000 points higher than
normal and offers the first year free! That means you can get 25,000 RBC
Rewards points at literally no cost to use towards flights via the RBC
airline redemption program or convert to other programs like WestJet
(it’s 250 WestJet dollars!), British Airways or Cathay Pacific.
If you went for all these cards you ultimately could end up with $1,300 or so 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