1.American Express Platinum Card
American Express
- 5%Points on flights/prepaid hotels via Amex Travel
- 2%Points on dining and travel
- 1%Points on all other purchases
Earn 100,000 Membership Rewards points after spending $10,000 in the first 3 months.
Earn 5x points on flights/prepaid hotels via Amex Travel, 2x on dining/travel, and 1x on general spending.
29.99%
The American Express Platinum Card stands out as the top choice because it offers unparalleled travel benefits, including extensive lounge access and high point multipliers on travel-related purchases, making it ideal for frequent travelers.
Pros:
- Extensive travel perks
- High point multipliers
Cons:
- High annual fee
- Requires significant spending to maximize benefits
2.Scotiabank Platinum American Express
Scotiabank
- 3%Points on travel booked via Scene+ Travel
- 2%Points on all other purchases
Earn 80,000 Scene+ points after spending $3,000 in the first 3 months.
Earn 2 Scene+ points per dollar on most purchases, 3 points on travel booked via Scene+ Travel.
9.99%
9.99%
What sets the Scotiabank Platinum American Express card apart is its combination of travel rewards and premium perks, making it a strong contender for those who frequently travel and want to maximize their rewards.
Pros:
- No foreign transaction fees
- Lounge access
Cons:
- Annual fee
- Requires spending to earn bonus points
3.American Express Aeroplan Reserve Card
American Express
- 3%Points on Air Canada purchases
- 2%Points on dining and delivery
- 1.25%Points on all other purchases
Earn 85,000 Aeroplan points after spending $7,500 in the first 3 months.
Earn 3x points on Air Canada purchases, 2x on dining/delivery, and 1.25x on everything else.
21.99%
21.99%
The American Express Aeroplan Reserve Card shines for its exceptional rewards structure tailored for frequent Air Canada flyers, offering significant earning potential and luxury travel benefits.
Pros:
- Extensive Air Canada travel perks
- High point earning potential
Cons:
- High annual fee
- Requires significant spending to earn rewards
4.TD Rewards Infinite Card
TD Canada Trust
- 8%Points on travel bookings
- 6%Points on dining and groceries
- 1%Points on all other purchases
Earn 20,000 points for your first purchase and 145,000 points for spending $7,500 within 180 days.
Earn 8 TD Rewards Points for every $1 spent on travel through Expedia For TD.
21.99%
22.99%
The TD Rewards Infinite Card is an excellent choice for those who frequently travel and want to maximize their rewards through high earning potential on travel bookings.
Pros:
- High rewards on travel bookings
- First-year fee rebate
Cons:
- Annual fee
- Requires significant spending to earn rewards
5.Air Canada Aeroplan Card
TD Canada Trust
- 1.5%Points on gas, groceries, and Air Canada purchases
- 1%Points on all other purchases
Earn 10,000 Aeroplan points after your first purchase.
Earn 1.5 points for every $1 spent on eligible gas, groceries, and Air Canada purchases.
21.99%
22.99%
The Air Canada Aeroplan Card is a solid option for those who want to earn Aeroplan points on everyday purchases while enjoying additional benefits related to Air Canada travel.
Pros:
- Good for everyday spending
- Bonus points on travel
Cons:
- Annual fee
- Limited to specific categories for higher rewards
- 4%Cash back on gas, groceries, and EV charging
- 2%Cash back on dining and transportation
- 1%Cash back on all other purchases
Earn 10% cash back for the first 4 months, up to $250.
Earn 4% cash back on gas, groceries, and EV charging.
21.99%
22.99%
The CIBC Dividend Visa Infinite Card is an excellent choice for those who spend heavily on gas and groceries, offering high cash back rates and no limits on earnings.
Pros:
- High cash back on essential categories
- No limit on cash back earned
Cons:
- Annual fee
- Requires significant spending to maximize benefits
7.Tangerine Money-Back World Mastercard
Tangerine
- 2%Cash back in chosen categories
- 0.5%Cash back on all other purchases
Earn CA$120 when you spend CA$1,500 in your first 3 months.
Earn 2% cash back in up to three categories of your choice.
20.95%
22.95%
The Tangerine Money-Back World Mastercard is a great option for those who want flexibility in their cash back categories while enjoying no annual fee.
Pros:
- No annual fee
- Flexible cash back categories
Cons:
- Limited to three categories for higher rewards
- Lower cash back on other purchases
8.PC World Elite Mastercard
PC Financial
- 4.5%Points at Shoppers Drug Mart
- 3%Points at participating grocery stores
- 1%Points on all other purchases
Earn 20,000 PC Optimum points after your first purchase.
Earn 4.5% back in points at Shoppers Drug Mart and 3% at participating grocery stores.
21.99%
22.97%
The PC World Elite Mastercard is ideal for frequent shoppers at PC-affiliated stores, offering high earn rates and valuable rewards without an annual fee.
Pros:
- High earn rates at grocery and pharmacy
- No annual fee
Cons:
- Requires specific spending to maximize rewards
- Limited to PC stores for higher rewards
Final Words
As you consider the best credit card signup bonuses this January, remember that choosing the right card can significantly enhance your rewards and benefits. Take time to compare your options and evaluate which offers align best with your spending habits and financial goals.
Frequently Asked Questions
Earn 100,000 Membership Rewards points after spending $10,000 in the first 3 months.
Earn 5x points on flights/prepaid hotels via Amex Travel, 2x on dining/travel, and 1x on general spending.
The annual fee for the Scotiabank Platinum American Express is CA$399.
Earn 85,000 Aeroplan points after spending $7,500 in the first 3 months.
Earn 3x points on Air Canada purchases, 2x on dining/delivery, and 1.25x on everything else.
Consider factors like your spending habits, the types of rewards you want (cashback, travel points, etc.), and any annual fees. Evaluating sign-up bonuses and ongoing rewards can also help you find the best fit.
Many credit cards may charge annual fees, late payment fees, and foreign transaction fees. Always review the card's terms to understand any potential costs before applying.
Maintain a good credit score by paying bills on time, keeping credit utilization low, and avoiding too many hard inquiries. Also, ensure that your income meets the card issuer's requirements.
