Best Credit Card Deals and Offers in Canada for Sep 2023

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 2023

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 ($450 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 30,000 points ($300 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).

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 ($250 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.

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.

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.

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.

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.

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.

American Express Cobalt Card

• Annual fee: $155.88
• Welcome offer: Up to 30,000 points
• Income requirement: N/A

The American Express Cobalt Card is a top travel reward credit card.

Cardholders earn 2,500 points each month they spend at least $500 for a total of 30,000 points in the first year ($300 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.

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.

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.

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.