Canada’s 32 Best Credit Card Offers for May 2023

If you’re successful the marketplace for a caller recognition card, it’s important to see the invited bonus that the recognition paper is offering. This is simply a one-time inducement to promote you to use for the card, lone disposable successful your archetypal twelvemonth with the card.

The signup bonus is simply a large portion of the worth you’ll get from a caller recognition card, supra and beyond its halfway features, astatine slightest successful the archetypal year. Often the signup bonus volition power your determination to apply, possibly adjacent much powerfully than the card’s different qualities.

Here are the champion recognition paper offers successful Canada for May 2023.

What’s Happening This Month?

Spring has sprung, and the banks are coming retired of their wintertime hibernation. May has already been a spicy period of ups and downs: signup offers connected galore fashionable recognition cards person changed, with galore much yet to alteration earlier the adjacent crook of the calendar.

Here’s a summary of immoderate of this month’s highlights, including elevated bonuses and cardinal deadlines to beryllium alert of:

• All bully things indispensable travel to an end, and the offers connected the suite of RBC Avion cards person dropped from their caller all-time highs.
• However, erstwhile a doorway closes, a model opens, arsenic American Express has released beardown caller offers connected its Aeroplan and Bonvoy cards.
• Be definite to springiness the Laurentian Bank Visa Infinite Card a bully look earlier its all-time-high connection expires connected May 15, 2023.
• The invited offers connected the TD Aeroplan cards and the TD Rewards cards expire connected May 28, 2023. 
• The existent invited bonus connected the HSBC World Elite Mastercard is acceptable to extremity connected May 31, 2023.

Methodology

This database is an opinionated ranking of the champion recognition paper offers successful Canada, based connected a fewer cardinal factors that we usage to evaluate the entreaty of a signup bonus.

First and foremost, we look astatine the net worth you tin expect to earn erstwhile you use for the card. This is the worth of immoderate first-year bonuses, rebates, and deals, minus yearly fees. Rewards points are adjusted to a currency worth based connected our Points Valuations.

Next, we see how casual it is to gain the invited bonus. Cards whitethorn get a boost for a debased spending requirement, oregon a agelong timeline to conscionable the spending threshold to suffice for the bonus. Meanwhile, they whitethorn get dinged for a precocious spending requirement, merchant class spending requirements, oregon drawn-out recurring monthly requirements.

All other being equal, we similar cards with low yearly fees. Any paper with a first-year yearly interest waiver, offering a bonus supra a definite value, is simply a campaigner for this list. However, the full first-year worth of the connection is simply a bigger factor, arsenic you tin gain points faster and inactive travel retired up by paying precocious yearly fees for cards with larger signup bonuses.

Finally, we whitethorn springiness a paper a flimsy boost if its connection is importantly amended than usual, oregon if we similar the semipermanent features of the card. However, this database is mostly determined by what you tin summation successful the archetypal twelvemonth with a caller recognition card, compared to different deals disposable now.

TD Aeroplan Visa Infinite Privilege Card (Ending Soon)

TD’s premium Aeroplan paper is offering the strongest wide bonus successful Canada close now.

As a plus, there’s nary monthly request to support way of. Instead, the full required spending is rather high, astatine $12,000, but this is mitigated by the information that you person a afloat twelvemonth to conscionable this threshold. Furthermore, due to the fact that of the mode the spending request is structured, you’ll person a large batch of points earlier you’ve deed the afloat $12,000.

Between an all-time precocious points full and a comparatively straightforward spending requirement, present would beryllium an fantabulous clip to use for this card, particularly since the connection is acceptable to expire connected May 28, 2023.

Business Platinum Card from American Express

Not surprisingly, the Business Platinum Card from American Express is among the pick of the crop.

While this premium Amex paper comes with a precocious yearly fee, it’s good worthy it, arsenic it volition easy beryllium offset by the worth of the ample signup bonus. Plus, you whitethorn adjacent find semipermanent worth successful keeping the paper acknowledgment to its best-in-class perks, including extended lounge access, broad travel insurance, and generous refer-a-friend bonuses.

The connection is little than the all-time precocious we saw successful Summer 2022, but is amended than what we’ve seen since. If you’re looking to rack up points quickly, it’s without a uncertainty a large spot to start.

American Express Aeroplan Business Reserve Card (New Offer)

The concern variant of Amex’s premium Aeroplan paper has a somewhat little first-year worth than the Business Platinum Card.

However, the up-front chunk of points is smaller, and the full spending request is higher. You’ll besides person to prolong monthly spending for six months and wage the yearly interest for the 2nd twelvemonth to unlock the afloat worth of the invited bonus.

If that suits your needs, this paper would beryllium an fantabulous choice, particularly if you usage Aeroplan arsenic your main currency and program to support the paper around. If not, though, a premium idiosyncratic paper mightiness beryllium a amended fit.

American Express Aeroplan Reserve Card (New Offer)

The American Express Aeroplan Reserve Card offers a somewhat little full bonus than the Business variant above.

However, the spending requirements are lower, which you whitethorn find much appealing. Still, with a monthly spending requirement, you bash person to marque definite you deed the threshold successful each of the archetypal six months to execute the afloat bonus.

With the invited bonuses separated by a hair, the choice betwixt a premium Aeroplan paper oregon a Platinum card volition apt travel down to your penchant for all-around question benefits oregon staunch Air Canada loyalty.

American Express Platinum Card

The idiosyncratic Platinum Card is offering a coagulated invited bonus of 90,000 Membership Rewards points successful 1 fell swoop.

However, determination is simply a reasonably hefty spending request of $7,500 successful the archetypal 3 months. If that doesn’t airs a barrier, past present could beryllium a bully clip to adhd a chunk of metallic to your wallet.

The connection isn’t the highest we’ve ever seen, but a the scope of ongoing benefits connected this card, you whitethorn besides find worth successful keeping it astir for a while.

American Express Business Gold Rewards Card

The American Express Business Gold Rewards Card is besides offering a precise beardown bonus, and it comes with a smaller $199 yearly fee. At 75,000 Membership Rewards points, this connection is the modular high-water people for this card.

It’s elemental to gain the bonus, with a spending request of $5,000 successful 3 months connected immoderate class of purchases. With the offers connected different Amex cards coming down portion the Business Gold stays high, present would beryllium a bully clip to adhd this 1 to your collection.

American Express Gold Rewards Card

Similar to the earning operation connected the Cobalt card, earning the afloat invited bonus connected the Gold Card present requires you to walk $1,000 each month, for the archetypal 12 months. The 10,000 points upon spending $4,000 successful the archetypal 3 months isn’t great, but the full invited bonus implicit the people of the twelvemonth is attractive.

As you’ll person to walk astatine slightest $13,000 dispersed retired implicit the archetypal year, you’d astir apt beryllium amended disconnected looking elsewhere. If you’re idiosyncratic who tends to max retired the 5x earning complaint connected your Cobalt each year, past this could service arsenic a decent backup.

American Express Business Edge Card

With a debased yearly interest of $99, this paper is simply a bully enactment if you’re looking to rack up points astatine a debased cost.

Still, you’ll look the aforesaid $5,000 spending request arsenic the Business Gold Rewards Card, but with a smaller invited bonus.

Note that you’ll request to prolong spending of $3,000 per period to gain the last 12,000 MR points, a imaginable which I’d urge forgoing successful favour of amended ways to gain points connected different cards.

American Express Aeroplan Card

The American Express Aeroplan Card is yet different mid-tier Amex with a respectable invited bonus.

Despite its little yearly fee, determination is simply a humble monthly spending requirement, which whitethorn beryllium a insignificant hassle to way for constricted gain. While the worth of the connection is rather strong, I’d sooner take an MR paper to gain points successful a much straightforward manner, oregon a premium Aeroplan paper for amended benefits.

CIBC Aeroplan Visa Infinite Card

The CIBC Aeroplan Visa Infinite Card has rejoined the ranks arsenic 1 of our favourite mid-tier Aeroplan cards.

It’s presently offering an elevated invited bonus of 50,000 Aeroplan points, with a precise debased $1,000 spending requirement.

Also, the paper is offering a first-year yearly interest waiver, a communal and fashionable diagnostic of its invited bonus.

There’s nary published expiry day for this offer, truthful if you’ve been waiting for an accidental to adhd this to your wallet, present is arsenic bully of a clip arsenic ever.

TD Aeroplan Visa Infinite Card (Ending Soon)

The TD Aeroplan Visa Infinite Card is routinely 1 of our favourite mid-tier Aeroplan cards.

Like its premium counterpart, it’s presently offering a precocious points bonus. While the spending request is high, it’s besides dispersed retired implicit a afloat year, truthful you should person nary occupation reaching it.

Be definite to use for the paper earlier May 28, 2023, which is erstwhile the existent connection is acceptable to expire.

TD First Class Travel Visa Infinite Card (Ending Soon)

TD’s in-house rewards cards marque for a large stat-padder erstwhile you’re looking for wide question value, extracurricular of hose oregon edifice loyalty programs.

After a caller refresh, the TD First Class Travel Visa Infinite Card is flaunting an all-time-high invited bonus, worthy 135,000 TD Rewards points successful the archetypal year. That’s worthy a fixed worth of up to $675 towards immoderate question booking via Expedia for TD. Bear successful caput that the spending request is rather a spot higher than before, astatine $5,000 spent successful the archetypal six months.

Plus, you’ll present get a $100 yearly question credit, which goes a agelong mode to improving the worth proposition connected the card, whether successful the archetypal twelvemonth oregon long-term.

The existent connection expires connected May 28, 2023, truthful see applying for the paper earlier past to unafraid the all-time-high invited bonus.

CIBC Aeroplan Visa Infinite Privilege Card

CIBC’s top-tier Aeroplan paper is offering an appealing bonus, with 60,000 points achievable for spending a tenable $3,000 successful the archetypal 4 months.

This unsocial is rather bully worth for the yearly fee, and a precocious 1 astatine that. If you bash determine to support the paper semipermanent for its premium benefits, there’s a second-year points bonus which is capable to offset your 2nd yearly fee.

American Express Cobalt Card

The American Express Cobalt Card is simply a favourite for mundane earning, with an unbeatable 5x complaint connected groceries and restaurants. The paper is arguably much charismatic for its keeper entreaty than it is for its signup bonus.

Still, the worth of the invited connection is worthy applying for, adjacent with a baseline invited bonus. There’s ne'er a atrocious clip to adhd a Cobalt Card to your rotation.

RBC British Airways Visa Infinite Card

RBC has extended the boosted connection connected its British Airways co-branded card. While the worth is rather strong, the spending request is higher and connected a shorter timeframe than the Avion cards.

Also, Avios are harder to usage and much restrictive than Avion points. As Avion tin beryllium transferred 1:1 to Avios, I’d ever opt for flexibility first, and lone use for the much constricted paper aft exhausting different options.

HSBC World Elite Mastercard (Ending Soon)

The HSBC World Elite Mastercard is ever a bully option, adjacent erstwhile its invited bonus is lower.

Currently you tin gain up to 80,000 points, and successful an betterment to the erstwhile offer, each are awarded successful the archetypal year. Toss successful nary yearly interest for twelvemonth one, the $100 yearly question credit, and earning 6 HSBC Rewards points per dollar spent connected travel, and the wide worth proposition from this paper becomes rather strong.

Indeed, it’s 1 of our favourite keeper cards. It’s 1 of the fewer recognition cards successful Canada with no overseas transaction fees, features the aforementioned annual question credit, and HSBC Rewards are the lone Canadian slope programme to transportation to Singapore Airlines KrisFlyer miles.

The existent connection expires connected May 31, 2023.

Laurentian Bank Visa Infinite Card (Ending Soon)

Laurentian Bank debuted its refreshed lineup of recognition cards successful February 2023, having partnered with Brim Financial this clip around. 

The astir absorbing connection disposable is for its Visa Infinite product, which offers up to $770 currency backmost without an yearly interest successful the archetypal year. 

To gain the afloat bonus, you’d person to walk $5,000 connected staples specified arsenic gas, groceries, travel, transportation, and recurring bills successful the archetypal 3 months, which isn’t wholly unreasonable for galore households. This makes up $600 of the invited bonus.

You’ll besides person to acceptable up a pre-authorized payment, opt successful to an installment program connected a purchase, and notation a household subordinate oregon person to gain up to $170, bringing the full imaginable magnitude to $770.

You tin take to redeem points arsenic a wide connection credit, oregon person them utilized to offset a circumstantial purchase. If you tin hustle to conscionable the threshold and max retired the spend, you’ll travel retired with $770 to usage arsenic you wish.

The existent invited bonus is acceptable to expire connected May 15, 2023.

CIBC Aeroplan Visa Business Card

CIBC’s Aeroplan concern paper is simply a communicative of 2 offers: an achievable information up-front for bully value, followed by an excessive spending request for a meagre prize.

For the archetypal portion alone, the paper has a first-year yearly interest waiver and a tenable spending requirement. Even without considering the semipermanent spending threshold, you could bash a batch worse for a caller concern recognition card.

TD Aeroplan Visa Business Card (Ending Soon)

Similarly, TD’s connection connected its Aeroplan concern paper is precocious connected paper, but with an inconvenient monthly spending requirement.

You tin gain the archetypal 30,000 points upon spending $5,000 successful the archetypal 3 months. For the remaining 30,000 points, you’d person to prolong $2,500 spent each period for a afloat year.

For a situational spender seeking to optimize signup bonuses, determination are different easier ways to gain Aeroplan points. If this paper meets your needs, beryllium definite to motion up earlier May 28, 2023, which is erstwhile the connection is acceptable to expire.

RBC Avion Visa Infinite (New Offer)

After a agelong play of all-time-high invited bonuses, the offers connected the suite of RBC Avion cards person dropped down to 35,000 points crossed the board. Fortunately, the points are awarded upon approval, which means that you won’t person to conscionable immoderate minimum spending requirements to unlock the afloat bonus.

While you’ll gain much points much rapidly with Amex cards and Aeroplan points, RBC Avion cards are a large mode to grow into the Oneworld hose alliance. You tin usage your Avion points to supplement your Amex MR transportation to British Airways Avios oregon Cathay Pacific Asia Miles, oregon for the unsocial quality to person to American Airlines AAdvantage miles.

RBC Avion Visa Platinum (New Offer)

If your income doesn’t suffice for the RBC Avion Visa Infinite, you tin besides use for the RBC Avion Visa Platinum, with the aforesaid connection and perks.

Marriott Bonvoy American Express Card (New Offer)

The Marriott Bonvoy idiosyncratic paper is presently offering an elevated invited bonus of up to 75,000 Bonvoy points. This is simply a reasonably important leap from the bonus of up to 55,000 points which we’ve go accustomed to successful the caller past, adjacent if you’ll person to hold until the 2nd twelvemonth to maximize the offer.

Even with a precocious invited bonus, the paper struggles to fertile higher owed to the middling worth of the Bonvoy program. It’s getting harder to extract the afloat worth of the points unless you person a circumstantial redemption successful mind.

Your champion stake is to maximize the invited bonus and past pain the points connected a invaluable redemption arsenic rapidly arsenic possible. Then, support it successful the sock drawer for the 35,000-point Free Night Award each year.

Marriott Bonvoy Business American Express Card (New Offer)

The concern variant of Amex’s Bonvoy cards takes a spot of a deed compared to the idiosyncratic card. Even with a higher signup bonus, its yearly interest and minimum spending request are higher than those of the idiosyncratic card.

At the aforesaid time, it’s worthy having 2 of these cards arsenic keeper cards, owed to the Free Night Award you tin gain with both.

CIBC Aventura Visa Infinite Card

The CIBC Aventura Visa Infinite Card is offering a precocious bonus close now, with 40,000 points disposable upon spending $1,000.

While Aventura points aren’t the astir tantalizing currency, there’s presently a promotion to redeem against immoderate question expense astatine an elevated valuation of 1.25 cents per point.

Get this paper and redeem the bonus against question expenses that are different hard to usage points for, specified arsenic autarkic hotels, cruises, and car rentals.

CIBC Aventura Gold Visa Card

The Gold mentation is identical to the above, with a little income requirement. You should person nary occupation capitalizing connected either offer, if not both.

Scotiabank Gold American Express Card (New Offer)

Like the Cobalt Card, the Scotiabank Gold American Express Card is known much for its keeper prowess than for its signup offers. You’ll gain 5x points connected groceries and restaurants, oregon 6x points astatine Empire market stores.

The invited bonus is solid, presently offering 20,000 Scene+ points with a debased spending threshold, oregon a full of 40,000 points with higher spending. The archetypal twelvemonth yearly interest waiver is besides a bully perk, and the connection lone dropped by 5,000 points from its erstwhile iteration.

As these points are not transferable to loyalty programs and are lone bully for wide question expenses astatine fixed value, the Cobalt Card is simply a overmuch amended archetypal choice. Likewise, though, there’s ne'er a atrocious clip to get this card.

RBC Avion Visa Infinite Business

The RBC Avion Visa Infinite Business paper has an elevated bonus close now, bully for 35,000 Avion points.

As a large plus, the paper has nary spending requirement. With a tenable yearly interest for a high-end concern recognition card, it’s a invaluable mode to boost your Avion balance.

You’ll apt request to person a registered concern with documentation to beryllium approved for an RBC concern recognition card.

RBC Cathay Pacific Visa Platinum

A secondary priority, the RBC Cathay Pacific Visa Platinum offers bully worth connected paper. However, it’s much of a niche card, with a higher spending request than the RBC Avion cards, which would beryllium a much businesslike mode to gain towards your Asia Miles goals.

TD Business Travel Visa Card

As you proceed to amass TD Rewards points, the TD Business Travel Visa Card is simply a bully prime erstwhile the connection is comparatively strong.

Right now, the connection is breached down into 2 parts: the archetypal bonus upon spending $5,000, and a 2nd constituent upon spending $5,000 each month.

Assuming you disregard the 2nd part, the archetypal points are worthy $450, a worthwhile endeavour for the walk if you’re retired of amended options.

This connection is acceptable to expire connected May 28, 2023.

TD Aeroplan Visa Platinum Card (Ending Soon)

With a signup bonus of 20,000 Aeroplan points, nary first-year yearly fee, and a debased income requirement, this paper is 1 of the amended ways for beginners aboriginal successful their recognition travel to statesman collecting meaningful sums of Aeroplan points.

If you’re conscionable getting your feet bedewed with precocious yearly fees, and can’t beryllium approved for higher-income cards, this paper is arsenic bully a starting constituent arsenic they come.

The existent connection is acceptable to expire connected May 28, 2023.

National Bank World Elite Mastercard

National Bank is offering an elevated signup bonus connected its flagship Mastercard, up to 70,000 points.

While astir fractional of the bonus requires precocious spending implicit the archetypal year, the card’s caller 5x gain complaint connected groceries and restaurants should marque it much appealing arsenic a regular driver.

Plus, you whitethorn find worth successful keeping the paper long-term, with flexible yearly question recognition that offsets the yearly interest and immoderate of the champion security disposable successful Canada.

RBC Avion Visa Infinite Privilege (New Offer)

Like its inferior counterparts, RBC’s top-tier Avion paper is offering 35,000 Avion points upon approval.

This paper is knocked down the database for offering the aforesaid fig of points astatine a higher yearly fee. It’s inactive an good worth proposition successful spite of the accrued costs, but it wouldn’t beryllium my archetypal prime for an Avion paper astatine this time.

Conclusion

We anticipation that this database volition assistance usher you arsenic you prime your adjacent paper application, with an accent connected the worth of the signup bonus.

Feel escaped to view each recognition cards to benignant and filter by your ain criteria arsenic you comparison different options. You tin besides publication a Points Consulting telephone with the Prince of Travel squad if you’d similar immoderate personalized advice.

The station Canada’s 32 Best Credit Card Offers for May 2023 appeared archetypal connected Prince of Travel by Josh Greenberg.