Learn about the best credit card deals in Canada right now, including the highest sign-up bonuses and promotional offers.
When you are in the market for one of Canada’s best credit cards, it helps to snag the top welcome bonuses simultaneously.
Read on for the best credit card offers this month.
Best Credit Card Deals in Canada For 2024
| Credit Card | Welcome Deal | Annual Fee | Apply |
| Tangerine Money-Back Card | 10% bonus cash back in first 2 months ($100 value); 1.95% balance transfer for 6 months | $0 | Apply |
| Scotiabank Gold American Express | Up to 40,000 points ($400 value) | $120 | Apply |
| Scotiabank Momentum Visa Infinite | 10% cash back in first 3 months ($200 value) | $120 | Apply |
| SimplyCash Preferred Card from Amex | $40 monthly statement credit for 10 months ($400 value) | $119.88 | Apply |
| American Express Cobalt Card | Up to 15,000 points ($150 value) | $155.88 | Apply |
| KOHO Prepaid Card | $20 welcome bonus; Up to 5% cash back | $0 | Apply |
| Neo Mastercard | $25 bonus; Up to 5% cash back | $0 | Apply |
| Tangerine World Mastercard | 10% bonus cash back in first 2 months ($100 value); 1.95% balance transfer for 6 months | $0 | Apply |
| Marriott Bonvoy American Express | Up to 50,000 points ($500 value) | $120 | Apply |
| American Express Aeroplan Card | Up to 40,000 points | $120 | Apply |
Tangerine Money-Back Mastercard
- Annual fee: $0
- Welcome offer: 10% cash back in the first 2 months, up to $1,000
- Income requirement: $12,000
The Tangerine Money-Back Credit Card is one of the best no-annual-fee cash back credit cards in Canada.
When you sign up for the card, you receive a bonus 10% cash back on the first $1,000 spent in your first 2 months, for a $100 value.
This card has no annual fee to worry about, and approval is easy with a ‘good’ credit score requirement and a low minimum annual income of $12,000.
The Tangerine Money-Back Credit Card pays 2% unlimited cash back on two categories of spending, and you can choose a third 2% category if you deposit your cash back rewards into a free Tangerine savings account.
The 2% cash back categories include:
- Grocery
- Gas
- Restaurants
- Recurring bill payments
- Entertainment
- Public transportation and parking
- Hotel and motel
- Drugstore
- Home improvement
All other purchases earn cash back at a 0.50% rate.
If you have a credit card balance on your other cards, you can transfer them to this Tangerine card at a 1.95% interest rate for 6 months (a 1% transfer fee applies).
Tangerine Money-Back Credit Card
Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases.
Welcome offer: Get an extra 10% cash back on up to $1,000 in spending in the first 2 months ($100 value); 1.95% balance transfer rate for 6 months.
Interest rates: 19.95% for purchases, balance transfers, and cash advances.
Annual fee: $0
Scotiabank Gold American Express
- Annual fee: $120
- Welcome offer: 40,000 points
- Income requirement: $12,000
The Scotiabank Gold Amex Card offers 20,000 points when you spend at least $1,000 in your first 3 months ($200 value). You also get an extra 20,000 points ($200 value) after spending at least $7,500 in the first year.
This card is one of a few that waives foreign currency conversion fees.
Cardholders earn 5x points per $1 spent on groceries, restaurants, and fast food; 3x points on gas and daily transit; 1x point on all other purchases.
It also provides comprehensive insurance benefits (9 types), a discounted Priority Pass membership, and other VIP perks.
Learn more in this review.
Scotiabank Gold American Express
Rewards: Earn 5x Scene+ points/$1 on restaurants, food delivery, and grocery (up to 6x at some stores); 3x points/$1 in gas & travel; 1x points/$1 everything else.
Welcome offer: Get up to 40,000 points ($400 value).
Interest rates: 20.99% on purchases; 22.99% on cash advances.
Annual fee: $120
Neo Mastercard
- Annual fee: $0
- Welcome offer: $25 sign up bonus
- Income requirement: N/A
The Neo Mastercard is one of the top credit card deals on my list for its combination of rewards, promotional offer, and ease of application.
New cardholders get a $25 cash bonus when they join here.
In addition, the card pays 5% cash back on average at Neo partner retailers (5,000+ locations) and a minimum 1% cash back rate on all spending (1% minimum top-up is limited to $5,000 spending each month.
If you need a secured credit card, you can opt for the Neo Secured Mastercard and also earn rewards while paying no annual fees.
Learn more in this review.
Neo Credit card
Rewards: Average of 5% cash back at 12,000+ partners and a guaranteed minimum of 0.50% cash back across all purchases
Welcome offer: Get up to 15% cash back on your first-time purchases, plus a $25 welcome cash bonus.
Interest rates: 19.99% – 29.99% on purchases; 22.99% – 31.99% for cash advances.
Annual fee: $0
KOHO Prepaid Card
- Annual fee: $0
- Welcome offer: $20
- Income requirement: N/A
While the KOHO Prepaid Card is not a credit card, its cash back earn rates makes it a worthwhile addition to any wallet.
You earn 1% cash back on grocery purchases and up to 5% cash back at select retailers and brands.
New cardholders get a $20 bonus after loading the card for the first time and making a purchase.
In addition to cash back, the card also offers unlimited free debit transactions, bill payments, and Interac e-Transfers.
KOHO users earn 0.50% to 4% interest on their entire balance, depending on their account tier.
For even higher cash back (2%) on restaurants, groceries, gas, and transit, you can opt for KOHO Premium and pay an $84 annual fee or $9 per month.
Learn about the top prepaid cards in Canada.
KOHO Prepaid Mastercard
Rewards: Earn 1% cash back on groceries and transportation, up to 5% unlimited cash back at partner stores in Canada. Get 3% interest on your entire balance. Users also get access to a free budgeting app.
Welcome offer: $20 sign up bonus after first purchase (use CASHBACK promo code during sign-up)
Interest rate fee: N/A
Annual fee: $0 (no monthly fees)
Scotiabank Momentum Visa Infinite Card
- Annual fee: $120
- Welcome offer: 10% cash back in the first 3 months ($200 value)
- Income requirement: $60,000
For a credit card bonus deal that’s all about earning cash back, check out the Scotiabank Momentum Visa Infinite Card.
You earn 10% cash back on all purchases for the first 3 months up to a maximum of $2,000 spend.
After the promo ends, you earn:
- 4% cash back on groceries and recurring bill payments
- 2% cash back on gas and daily transit
- 1% cash back on all other purchases
This card also provides extensive travel insurance benefits with 9 types, including mobile device insurance.
Learn more in this review.
Scotiabank Momentum Visa Infinite Card
Rewards: Earn 4% cashback on groceries & recurring bills; 2% cashback on gas & daily transit; 1% cashback on everything else.
Welcome offer: Earn 10% cashback in the first 3 months on up to $2,000 spent ($200 value).
Interest rates: 20.99% on purchases; 22.99% on cash advances.
Annual fee: $120
SimplyCash Preferred Card from American Express
- Annual fee: $119.88
- Welcome offer: Get a $40 statement credit each month you spend $750 (for up to 10 months and a $400 value)
- Income requirement: N/A
The SimplyCash Preferred Card from Amex is a top credit card for earning cash back rewards.
It also has one of the best credit card deals in Canada at the moment, with up to $400 up for grabs.
The standard earn rate of this card is 4% cash back on gas and groceries ($1,200 annual cash back limit at this rate) and unlimited 2% cash back on all other purchases. These earning rates place this card firmly in the top echelon of cash back credit cards.
In addition, cardholders enjoy access to comprehensive travel insurance benefits (7 types) and standard purchase protection, and extended warranty benefits.
Learn more about the card in this review.
SimplyCash Preferred Card from American Express
Rewards: Earn 4% cash back on gas and grocery purchases ($1,200 annual limit); 2.00% cash back on all other purchases.
Welcome offer: NA
Interest rates: 20.99% on purchases and 21.99% on cash advances.
Annual fee: $9.99/month or $119.88/year
Tangerine World Mastercard
- Annual fee: $0
- Welcome offer: 15% cash back in the first 2 months ($150 value)
- Income requirement: $60,000
If you earn more than $12,000 per year, you can apply for the Tangerine World Mastercard instead of the Tangerine Money-Back Credit Card.
This card offers the same 2% and 0.50% cash back rates as its entry-level counterpart.
In addition to this, you get a complimentary membership in Mastercard Airport Experiences Provided by LoungeKey with access to 1,000+ airport lounges; mobile device insurance, rental car insurance, and other VIP perks.
You can read our comparison of the two cards here.
Tangerine World Mastercard
Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases; VIP perks.
Welcome offer: Get an extra 10% cash back on up to $1,000 in spending in the first 2 months ($100 value).
Interest rates: 19.95% for purchases, balance transfers, and cash advances.
Annual fee: $0
American Express Cobalt Card
- Annual fee: $155.88
- Welcome offer: Up to 15,000 points
- Income requirement: N/A
The American Express Cobalt Card is a top travel reward credit card.
Cardholders earn 1,250 points each month they spend at least $750 for a total of 15,000 points in the first year ($150 value).
Even better than the bonus points is the earn rate this card offers on everyday purchases, including 5x points on food and drinks at restaurants and food delivery; 3x points on streaming subscriptions; 2x points on travel, and 1x point on everything else.
The Amex Cobalt Card offers mobile device insurance, comprehensive travel insurance coverage (7 types), and many other premium perks.
Learn more in this detailed review.
American Express Cobalt Card
Rewards: Earn 5x pts per $1 spent on food & drinks; 3x pts on streaming subscriptions; 2x pts on travel; 1x pts everywhere else.
Welcome offer: Get up to 15,000 bonus points in the first year.
Interest rates: 20.99% on purchases and 21.99% on cash advances.
Annual fee: $155.88
Marriott Bonvoy American Express Card
- Annual fee: $120
- Welcome offer: 50,000 points + 5x the points on eligible food and drink purchases
- Income requirement: N/A
The Marriot Bonvoy American Express Card is one of the best travel credit cards in Canada.
New cardholders earn 50,000 points after spending $1,500 in the first 3 months ($500 value).
You earn 5x points on purchases at participating Marriott Bonvoy hotels and 2x points for every $1 spent on all other purchases.
Other perks include:
- One free night after your card anniversary each year
- 15 Elite Night credits each year
- Complimentary upgrade to Gold Elite status when you spend $30,000 or more each year
- Comprehensive travel insurance coverage
- Exclusive American Express offers
Learn more in this review.
Marriott Bonvoy American Express Card
Rewards: Earn 5x the points on purchases at Marriott Bonvoy; 2x points everywhere else; 1 free night each year; Elite Night credits.
Welcome offer: NA
Interest rates: 20.99% on purchases and 21.99% on cash advances.
Annual fee: $120
American Express Aeroplan Card
- Annual fee: $120
- Welcome offer: 50,000 points
- Income requirement: N/A
The American Express Aeroplan Card provides one of the highest credit card sign-up bonuses at the moment, with 40,000 Aeroplan points in the first year.
To earn the 40,000 welcome bonus, you get:
- 3,000 points each month you spend at least $1,000 for the first 10 months (up to 30,000 points)
- You can also earn an extra 10,000 Aeroplan points when you make a purchase between 14 and 17 months of Cardmembership
Cardholders earn 2 points on Air Canada purchases, 1.5x points on restaurants and food delivery purchases, and 1x point on everything else.
This card provides comprehensive travel insurance coverage (7 types), a free first checked bag, access to American Express Experiences, and more.
Learn more about the best Aeroplan credit cards.
American Express Aeroplan Card
Rewards: Earn 2x Aeroplan pts on Air Canada purchases; 1.5x pts dining & food delivery; 1x pts everywhere else; comprehensive travel insurance coverage.
Welcome offer: NA
Interest rates: Charge card (pay in full each month or 30% interest rate applies).
Annual fee: $120
Best Credit Card Deals and Promotions
When applying for a credit card, you should consider whether it has a good promotional offer, as this can offset your annual fees for several years in some cases.
That said, a card’s promotional offer should not be your only consideration.
You should also compare the value of its rewards with other credit cards in the same category, the income required to qualify, interest rates, and more.
Related: Best No Fee Credit Cards in Canada.
