Top 5 Credit Card Sign Up offers - 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 May 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

The same five cards are on the list this month as last month as we have no significant changes in the market with welcome bonuses that would affect this list.

Editor's Note:
As travel is curtailed right now these offers are more forward looking and can and should be used towards your long term travel plans - whether that's later this year, next year or even beyond. Getting the cards now allows you to achieve the sign up bonuses as you wish and then continue to spend to build up those points and miles balances to make those future vacations that much better. - Or in the case of all the cards except the WestJEt Mastercard you can also look at cash back or cash back equivalents like gift cards from each program if you are looking at short term financial help. If you are going for the latter focus on the cards that have no fee in the first year so that you can maximize your value.

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


The 60,000 points, awarded after spending $3,000 on the card in three months are worth at least $600 in our minds plus if you spend $10,000 on the card in the first 12 months of having it you'll get a $120 statement credit which is equivalent to the annual fee thus making this card first year free! In reality you can pull even more value out of the card (into four figures) as we outlined in our review of the card here. Don't forget you get an annual free night with the card as well on the card anniversary date, automatic Silver Elite status, 15 night credit towards the next elite status and more.
Minimum Income: N/A

 

Minimum value: $540
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 $540 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 May 30 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

 
 

Minimum value: $540
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 $540 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 May 31, 2021.
Minimum Income: $80,000 Personal or $150,000 Household

Minimum value: $360
Amex's new mainstay Aeroplan card provides a bigger 15,000 Aeroplan points welcome and a Buddy Pass but you do have to pay the annual fee hence the slightly lower value here than its TD and CIBC compatriots. Remember that you can also choose to convert the Buddy Pass to Aeroplan points. All told the points and buddy pass less the annual fee are worth no less than $360 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: N/A
 

If you went for all these cards you ultimately could end up with over $2,500 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.

Disclaimers:
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