What are the best credit card offers in Canada this month?

This month, three offers stand out. The TD® Aeroplan® Visa Infinite* Card offers up to 40,000 Aeroplan points plus the first-year annual fee rebate. The American Express Cobalt® Card offers up to 15,000 Membership Rewards points, ideal for groceries and restaurants. For businesses, the American Express® Business Gold Rewards Card grants up to 70,000 Membership Rewards points. Check our ranking of the best credit cards to compare all the up-to-date options.

How does Milesopedia select the best credit card offers of the month?

Our team analyzes over 180 Canadian credit cards monthly based on the actual value of the welcome bonus, daily return rate in key categories (grocery, restaurant, travel), net annual fees (after included credits), travel insurance, and the value of exclusive benefits such as airport lounge access. Featured offers often include bonuses negotiated exclusively with issuers (BMO, National Bank, American Express), available only through Milesopedia links.

Why do welcome bonuses vary so much from month to month?

Canadian issuers adjust their welcome bonuses based on promotional seasons (spring travel, year-end, back-to-school), quarterly new acquisition targets, and exclusive negotiations with partners like Milesopedia. The American Express Aeroplan Reserve Card, for example, can reach up to 150,000 Aeroplan points during its best promotions. Our advice: if you're ready to apply, monitor the monthly rankings and check whether the card you're eyeing is currently offering its best bonus from the past 12 months.

Is it better to choose a no-fee card or a premium card with a high bonus?

It all depends on your spending profile. A no-fee card like the American Express Cobalt® Card or the Tangerine World Mastercard® is suitable for spending under $15,000 per year, where the annual fees of a premium card don't pay for themselves. Starting at $20,000 per year, a premium card like the American Express Platinum Card® or the Scotiabank Passport™ Visa Infinite* Card generally generates a positive net return thanks to high multipliers, travel credits, and included insurance. Compare both profiles on our no annual fee cards page.

Can you apply for multiple credit cards to stack welcome bonuses?

Yes, it's even a common strategy among Milesopedia readers: opening 2 to 4 cards per year to accumulate 200,000 or more combined points. Recommended spacing: at least 3 months between applications to avoid affecting your credit score. Prioritize cards from different issuers (Amex, BMO, National Bank, Scotia, CIBC) to multiply programs (Aeroplan, Scene+, Membership Rewards, BMO Rewards) and obtain maximum coverage of travel and everyday benefits.

Are welcome offers better through Milesopedia?

Often, yes. Several issuers grant Milesopedia exclusive bonuses that are not available directly on their own websites. These negotiated offers appear in our rankings and in the comparison tables on this page. Before you apply, always check the offer's update date. Then compare it to the bonus shown on our ranking of the best credit cards. To be notified as soon as a new bonus drops, sign up for our weekly newsletter.