Offer intelligence · Updated 2026-07-06

Best welcome bonuses in Canada, ranked by net value.

Every current welcome offer across our card database, sorted by net first-year value — the bonus plus normal first-year spend, minus the annual fee — not the headline points figure an issuer leads with. A big number that costs a $799 fee to unlock isn’t automatically the best offer. Here, the headline bonus never outranks real net value.

Independent.Ranked by the Standard Score, never by compensation.·Last reviewed 2026-07-06·Full disclosure

Closing soon — confirmed end dates only

RBC Cash Back Mastercard — ≈ $65 bonus, ends 2026-09-09 (17 days)
RBC Cash Back Preferred World Elite Mastercard — ≈ $210 bonus, ends 2026-09-09 (17 days)

Current welcome offers, ranked by net value
#	Card	Welcome bonus	Headline value	Annual fee	Net first-year value	Offer window	Apply link
1	Amex Business Gold Rewards Card American Express	Up to 70,000 MR points (50,000 on $7,500/3 mo + 20,000 on $30,000/12 mo)	≈ $1,330	$199	≈ $1,701	Last reviewed 2026-07-26	See offer
2	Amex Platinum Card (Canada) American Express	Up to 100,000 MR points (70,000 on $10K/3 mo + 30,000 on a purchase in months 15-17)	≈ $1,900	$799	≈ $1,130	Last reviewed 2026-08-03	See offer
3	Amex Business Platinum Card American Express	Up to 120,000 MR points (80,000 on $15K/3 mo + 40,000 in months 15-17)	≈ $2,280	$799	≈ $1,077	Last reviewed 2026-07-26	See offer
4	Amex Gold Rewards Card American Express	Up to 60,000 MR points (5,000/month on $1K monthly spend for 12 months) — the widely promoted 90,000 is a referral-only offer	≈ $1,140	$250	≈ $1,040	Last reviewed 2026-07-26	See offer
5	TD Business Travel Visa Card TD	Up to 200,000 TD Rewards points (30,000 on first purchase + 120,000 on $15K/180 days + 30,000 on $25K/365 days + 20,000 in month 15), plus the first-year annual fee rebated	≈ $1,000	$149	≈ $1,039	Last reviewed 2026-07-26	See offer
6	TD Aeroplan Visa Infinite Privilege TD	Up to 85,000 Aeroplan points (20,000 on first purchase + 35,000 on $12K/6 mo + 30,000 anniversary on $24K/12 mo)	≈ $1,615	$599	≈ $1,016	Last reviewed 2026-08-10	See offer
7	CIBC Aeroplan Visa Infinite Privilege CIBC	Up to 100,000 Aeroplan points (10,000 on $1K/2 mo + 40,000 on $5K/4 mo + 50,000 anniversary on $25K/12 mo)	≈ $1,900	$599	≈ $945	Last reviewed 2026-08-10	See offer
8	RBC British Airways Visa Infinite RBC	Up to 60,000 Avios (30,000 on $5K/3 mo + 30,000 on $5K/6 mo) — offer ends August 4, 2026	≈ $960	$165	≈ $875	Offer window passed — reviewed 2026-07-26	See offer
9	RBC Avion Visa Infinite RBC	Up to 55,000 Avion points (35,000 on approval + 20,000 on $5K/6 mo)	≈ $880	$120	≈ $840	Last reviewed 2026-07-19	See offer
10	Cathay World Elite Mastercard Neo Financial	Up to 60,000 Asia Miles (35,000 on approval + 25,000 on $5,000 in 3 months)	≈ $900	$180	≈ $810	Last reviewed 2026-07-20	See offer
11	BMO CashBack World Elite Mastercard BMO	Up to $480 cash back ($40 a month for 12 months, each month you spend at least $2,000), plus the $139 first-year fee rebated and a $75 Roadside Assistance membership	≈ $480	$139	≈ $740	Last reviewed 2026-07-26	See offer
12	TD First Class Travel Visa Infinite TD	Up to 146,000 TD Rewards points (20,000 on first purchase + 126,000 on $7.5K/180 days), plus a first-year fee rebate	≈ $730	$139	≈ $730	Last reviewed 2026-07-20	See offer
13	BMO Ascend World Elite Mastercard BMO	Up to 100,000 BMO Rewards points (45,000 on $5K/110 days + 20,000 on $10K/180 days + 35,000 on $20K/12 mo), plus first-year fee waived — offer window to October 31, 2026	≈ $670	$150	≈ $720	Ends 2026-10-3169 days left	See offer
14	Amex Aeroplan Reserve Card American Express	Up to 85,000 Aeroplan points (60,000 on $7.5K/3 mo + 25,000 on $2.5K in month 13)	≈ $1,615	$599	≈ $719	Last reviewed 2026-08-03	See offer
15	Scotiabank Passport Visa Infinite Scotiabank	Up to 60,000 Scene+ points (40,000 on $2K/3 mo + 10,000 on $10K/6 mo + 10,000 annual on $40K), plus the $50 fee waived on your first supplementary card — offer ends August 3, 2026	≈ $600	$150	≈ $700	Offer window passed — reviewed 2026-07-26	See offer
16	BMO VIPorter World Elite Mastercard BMO	Up to 70,000 VIPorter points (20,000 on $5K/4 mo + 20,000 on $9K/6 mo + 30,000 on $18K/12 mo), plus first year free	≈ $700	$199	≈ $700	Last reviewed 2026-07-18	See offer
17	BMO Blue Rewards World Elite Mastercard BMO	Up to 100,000 Blue Rewards points (45,000 on $5,000/110 days + 20,000 on $10,000/180 days + 35,000 on $20,000/365 days), plus first-year fee waiver — offer ends October 31, 2026	≈ $670	$150	≈ $700	Ends 2026-10-3169 days left	See offer
18	Amex Cobalt Card American Express	Up to 15,000 MR points (1,250/month for 12 months of qualifying spend)	≈ $285	$191.88	≈ $699	Last reviewed 2026-07-26	See offer
19	RBC Visa Business Platinum Avion RBC	35,000 Avion points on approval, plus the first-year annual fee waived	≈ $560	$120	≈ $660	Last reviewed 2026-07-26	See offer
20	Amex Aeroplan Business Reserve Card American Express	Up to 90,000 Aeroplan points (65,000 on $10,500/3 mo + 25,000 on $3,500 in month 13)	≈ $1,710	$599	≈ $636	Last reviewed 2026-07-25	See offer
21	Scotiabank Gold American Express Scotiabank	Up to 50,000 Scene+ points (30,000 on $2K/3 mo + 20,000 on $7.5K in the first year) — offer ends November 1, 2026	≈ $500	$120	≈ $620	Ends 2026-11-0170 days left	See offer
22	CIBC Aeroplan Visa Infinite CIBC	Up to 50,000 Aeroplan points (10,000 on first purchase + 15,000 on $6K/6 mo + 25,000 anniversary on $12K/12 mo), plus first-year fee waived	≈ $950	$139	≈ $615	Last reviewed 2026-08-10	See offer
23	CIBC Dividend Visa Infinite CIBC	Up to $350 in value — a 10% cash back bonus worth up to $200 over the first 4 statements (on net purchases up to $2,000), a $50 bonus for setting up a pre-authorized payment in the first 4 statements, and a $120 first-year annual fee rebate	≈ $350	$120	≈ $590	Last reviewed 2026-07-26	See offer
24	BMO Eclipse Visa Infinite BMO	Up to 70,000 BMO Rewards points (30,000 on $4K/110 days + 20,000 on $7K/180 days + 20,000 on $12K/12 mo), plus a $50 lifestyle credit and first year free	≈ $470	$120	≈ $590	Ends 2026-10-3169 days left	See offer
25	Amex Marriott Bonvoy Business Card American Express	Up to 80,000 Bonvoy points (70,000 on $5,000/3 mo + 10,000 on $1,000 in month 13)	≈ $720	$150	≈ $570	Last reviewed 2026-07-26	See offer
26	Scotiabank Passport Visa Infinite Privilege Scotiabank	Up to 80,000 Scene+ points (30,000 on $3K/3 mo + 30,000 on $20K/6 mo + 20,000 on a purchase in month 14) — offer runs May 1 to November 1, 2026	≈ $800	$599	≈ $550	Ends 2026-11-0170 days left	See offer
27	Amex Aeroplan Card American Express	Up to 45,000 Aeroplan points (35,000 on $7.5K/6 mo + 10,000 on $1K in month 13)	≈ $855	$120	≈ $545	Last reviewed 2026-07-25	See offer
28	CIBC Aventura Visa Infinite Privilege CIBC	Up to 80,000 Aventura points (25,000 on $3K/4 mo + 25,000 on $6K/4 mo + 30,000 anniversary on $25K/12 mo)	≈ $1,000	$499	≈ $517	Last reviewed 2026-08-10	See offer
29	TD Aeroplan Visa Infinite TD	Up to 40,000 Aeroplan points (10,000 on first purchase + 15,000 on $3K/90 days + 15,000 anniversary on $12K/12 mo), plus a first-year fee rebate	≈ $760	$139	≈ $515	Last reviewed 2026-08-10	See offer
30	TD Cash Back Visa Infinite TD	10% cash back on gas, groceries, and pre-authorized payments for the first 3 months (up to $3,500 in purchases — $350 maximum), plus first year free	≈ $350	$139	≈ $500	Last reviewed 2026-07-20	See offer
31	RBC Avion Visa Infinite Privilege RBC	Up to 70,000 Avion points (35,000 on approval + 20,000 on $5K/6 mo + 15,000 at anniversary)	≈ $1,120	$399	≈ $481	Last reviewed 2026-08-10	See offer
32	Amex SimplyCash Preferred American Express	Up to $250 in bonus cash back — a bonus 10% back on your first $2,000 of purchases in the first 3 months (worth up to $200), plus a $50 statement credit for any purchase in month 13	≈ $250	$119.88	≈ $480	Last reviewed 2026-07-26	See offer
33	Scotia Momentum Visa Infinite Scotiabank	15% cash back on all purchases for the first 3 months (up to $2,000 in total purchases)	≈ $300	$120	≈ $480	Ends 2026-11-0170 days left	See offer
34	CIBC Aventura Visa Infinite CIBC	Up to 35,000 Aventura points (15,000 on first purchase + 20,000 on $3K/4 mo)	≈ $438	$139	≈ $478	Last reviewed 2026-07-26	See offer
35	Amex Marriott Bonvoy Card American Express	Up to 70,000 Bonvoy points (60,000 on $3K/3 mo + 10,000 on $500 in month 13)	≈ $630	$120	≈ $474	Last reviewed 2026-07-26	See offer
36	WestJet RBC World Elite Mastercard RBC	Up to 70,000 WestJet points (30,000 on first purchase + 30,000 on $5K/3 mo + 10,000 at renewal) — applications by November 4, 2026	≈ $700	$139	≈ $460	Ends 2026-11-0473 days left	See offer
37	TD Aeroplan Visa Platinum Card TD	Up to 20,000 Aeroplan points (10,000 on first purchase + 10,000 on $1,500/90 days), plus first-year fee rebate — up to $500 in value	≈ $380	$89	≈ $420	Last reviewed 2026-07-26	See offer
38	Scotiabank Platinum American Express Scotiabank	Up to 100,000 Scene+ points (60,000 on $5K/3 mo + 20,000 on $10K/6 mo + 20,000 with a purchase in month 14) — offer ends November 1, 2026	≈ $1,000	$399	≈ $400	Ends 2026-11-0170 days left	See offer
39	MBNA Rewards World Elite Mastercard MBNA	Up to 30,000 points with qualifying spend (Quebec residents get a no-spend variant)	≈ $250	$120	≈ $400	Last reviewed 2026-07-20	See offer
40	RBC ION+ Visa RBC	Up to 28,000 Avion points (7,000 on approval + 14,000 on $1,500/6 mo + 7,000 at first anniversary) — offer ends November 4, 2026	≈ $448	$48	≈ $396	Ends 2026-11-0473 days left	See offer
41	National Bank Platinum Mastercard National Bank	Up to 35,000 National Bank Rewards points (10,000 for enrolling in payment protection insurance + 10,000 on $2,500/3 months + 15,000 on $10,000/12 months), plus first-year fee refund — offer ends November 4, 2026	≈ $350	$70	≈ $390	Ends 2026-11-0473 days left	See offer
42	Tangerine Rewards World Elite Mastercard Tangerine	30,000 Scene+ points on $3,000 spend in the first 90 days	≈ $300	$120	≈ $380	Last reviewed 2026-07-26	See offer
43	Tangerine Money-Back Credit Card Tangerine	10% cash back on eligible purchases (up to $1,000 combined) in your chosen categories for the first 2 months	≈ $100	None	≈ $340	Last reviewed 2026-07-26	See offer
44	Simplii Financial Cash Back Visa Card Simplii Financial	Up to $100 cash back in the first 3 months (20% back on the first $500 of gas, grocery, drugstore, and pre-authorized-payment spend)	≈ $100	None	≈ $340	Last reviewed 2026-07-25	See offer
45	TD Platinum Travel Visa Card TD	Up to 50,000 TD Rewards points (15,000 on first purchase + 35,000 on $3,000 in the first 180 days), plus a first-year fee rebate	≈ $250	$89	≈ $330	Last reviewed 2026-07-18	See offer
46	Amazon.ca Rewards Mastercard MBNA	Up to $150 cash back — 5% at Amazon.ca, Whole Foods, groceries, and restaurants for the first 6 months (up to $3,000 spend)	≈ $150	None	≈ $300	Last reviewed 2026-07-26	See offer
47	RBC Cash Back Preferred World Elite Mastercard RBC	Up to 12% cash back for the first 3 months on up to $2,000 in purchases — apply by September 9, 2026	≈ $210	$99	≈ $300	Ends 2026-09-0917 days left	See offer
48	Rogers Red World Elite Mastercard Rogers Bank	Modest signup bonus for new cardholders (offers vary)	≈ $60	None	≈ $285	Last reviewed 2026-07-26	See offer
49	American Express Green Card American Express	10,000 MR points on $1,000 spend in the first 3 months	≈ $190	None	≈ $260	Last reviewed 2026-07-26	See offer
50	RBC ION Visa RBC	Up to 14,000 Avion points (7,000 on approval + 7,000 on $500 spend in the first 3 months) — offer ends November 4, 2026	≈ $224	None	≈ $260	Ends 2026-11-0473 days left	See offer
51	TD Rewards Visa Card TD	30,310 TD Rewards points on $1,500 in purchases within the first 90 days	≈ $150	None	≈ $200	Last reviewed 2026-07-18	See offer
52	CIBC Aventura Visa Card CIBC	Up to 12,500 Aventura points (2,500 for completing 5 setup activities within 60 days + 10,000 on $1,000 spend in the first 4 statement periods)	≈ $156	None	≈ $190	Last reviewed 2026-07-26	See offer
53	American Express SimplyCash Card American Express	5% cash back for the first 3 months (up to $2,000 spend)	≈ $100	None	≈ $180	Last reviewed 2026-07-26	See offer
54	Scotiabank American Express Card Scotiabank	Up to 10,000 Scene+ points (2,500 on $250 in 3 months + 7,500 on $1,000 in 3 months) — for accounts opened by November 1, 2026	≈ $100	None	≈ $180	Ends 2026-11-0170 days left	See offer
55	MBNA Smart Cash Platinum Plus Mastercard MBNA	5% cash back on gas and groceries for the first 6 months (up to $500/month combined), then the ongoing rate	≈ $100	None	≈ $160	Last reviewed 2026-07-29	See offer
56	CIBC Aeroplan Visa Card CIBC	Up to 10,000 Aeroplan points (2,500 on first purchase + 2,500 on $1,500 spend in the first 4 statement periods + 5,000 anniversary bonus on $10,000/12 months) — up to $210 in value	≈ $190	None	≈ $155	Last reviewed 2026-08-10	See offer
57	BMO CashBack Mastercard for Students BMO	5% cash back on all purchases for the first three months, up to $100 in bonus cash back	≈ $100	None	≈ $150	Last reviewed 2026-07-19	See offer
58	RBC Cash Back Mastercard RBC	Up to 7% cash back for the first 3 months on up to $1,000 in purchases — apply by September 9, 2026	≈ $65	None	≈ $150	Ends 2026-09-0917 days left	See offer
59	BMO CashBack Mastercard BMO	Up to 5% cash back on all purchases for the first 3 months	≈ $100	None	≈ $140	Last reviewed 2026-07-26	See offer
60	Scotiabank Scene+ Visa Card Scotiabank	Up to 5,000 Scene+ bonus points (2,500 on $250/3 mo + 2,500 on $1,000/3 mo) — offer ends November 1, 2026	≈ $50	None	≈ $130	Ends 2026-11-0170 days left	See offer
61	MBNA Rewards Platinum Plus Mastercard MBNA	Up to 10,000 MBNA Rewards points (5,000 on $500 in 90 days + 5,000 for e-statement enrolment)	≈ $50	None	≈ $120	Last reviewed 2026-07-29	See offer
62	Scotiabank Scene+ Visa Card for Students Scotiabank	Up to 5,000 Scene+ bonus points (2,500 on $250/3 mo + 2,500 on $1,000/3 mo) — offer ends November 1, 2026	≈ $50	None	≈ $105	Ends 2026-11-0170 days left	See offer
63	PC Financial World Elite Mastercard PC Financial	20,000 PC Optimum points (worth $20) on $50 spend at participating Loblaw banners, Shoppers Drug Mart/Pharmaprix, or Esso/Mobil within 60 days — offer valid for applications through December 31, 2026. Corrected from a prior overstated 45,000-point/$450 figure.	≈ $20	None	≈ $90	Ends 2026-12-31130 days left	See offer
64	Walmart Rewards World Mastercard Walmart Rewards	$25 in Walmart Reward Dollars after a single purchase of $75 or more within 30 days of approval	≈ $25	None	≈ $85	Last reviewed 2026-07-20	See offer
65	Walmart Rewards Mastercard Walmart Rewards	$25 in Walmart Reward Dollars after a single purchase of $75 or more within 30 days of approval	≈ $25	None	≈ $80	Last reviewed 2026-07-20	See offer
66	National Bank Syncro Mastercard National Bank	$70 cash back on $5,000 net purchases in the first 12 months, plus the $35 annual fee refunded	≈ $70	$35	≈ $70	Last reviewed 2026-07-26	See offer

Rewards math assumes you pay your balance in full every month — interest charges quickly exceed any rewards value.

Bottom line: Amex Business Gold Rewards Card leads on net first-year value. Amex Business Platinum Card has the biggest headline bonus, but its fee and spend requirement bring its real first-year value below the leader.

How this ranking works

Every welcome bonus is converted to a dollar value using The Points Standard Index — the same monthly point valuations that feed every card review on this site. That headline value is then weighed against the annual fee and the spend required to earn the bonus to produce a net first-year value: what the offer is worth after the card’s real cost, not what the issuer prints in bold on the landing page. The same net-value math underlies every Standard Score.

Offer end dates

Where an issuer has published a firm end date for the current offer, it’s shown with a countdown. Most Canadian card offers roll over or renew without a hard expiry, so most rows instead show the date we last confirmed the offer and terms — treat that as a freshness check, not a deadline. We add a confirmed end date as soon as one is published; we never invent one.

We also archive every offer change: each card review carries a dated welcome-offer history, so you can see whether today’s bonus is genuinely elevated or just the number this card always runs. When an offer here looks big, click through and check its track record before you commit the spend.

Welcome bonus figures, fees, and offer terms change without notice. Confirm current terms on the issuer’s site before applying. See the full rankings index, the Points Standard Index, or the Standard Score methodology for how these numbers are built.

Frequently asked questions

How is 'net value' different from the headline welcome bonus?

Net first-year value converts the welcome bonus to a dollar figure using The Standard Index, then subtracts the card's annual fee (and accounts for the spend required to earn the bonus). A card with a huge headline bonus but a high fee can rank behind a smaller, cheaper offer once the real cost is netted out.

Why don't all offers show a hard end date?

Most Canadian card offers roll over or renew without a published expiry, so those rows show the date we last confirmed the offer and terms instead — a freshness check, not a deadline. We add a confirmed end date as soon as an issuer publishes one.