Best Credit Card Welcome Bonuses in Canada NerdWallet Canada

You can submit more than one application, but approval is not guaranteed. Once the first-year offer ends, compare the card’s ongoing rewards and benefits with its annual fee and with the value you could get from a no-fee alternative. Some premium bank accounts rebate the annual fee on an eligible credit card.

For most credit cards, the bulk of their value comes in the first year, thanks to the welcome bonus. I do think it’s good to maximize category bonuses first, but for uncategorized purchases, you can just pick whichever rewards program you like best. I also think it’s important to prioritize the offers that fit your goals. Good bonuses come and go, but credit inquiries and new accounts stick around for a while.

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• For example, it’s often necessary to book an award flight quite far in advance, especially if you need very specific dates, routes, and seats.

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• I also think it’s important to prioritize the offers that fit your goals.
• For travel insurance on award tickets, we often recommend Aeroplan credit cards (for Aeroplan tickets only), or the National Bank World Elite Mastercard.
• Keep the card if its ongoing rewards and perks are worth more to you than the annual fee and it remains a better fit than your alternatives.
• If a card had a waiver on the annual fee, we deducted it in the calculation.
• Flexible spending accounts and health savings accounts both give you the opportunity to cover qualified healthcare expenses with money already contributed to the account.

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• A broad swath of insurance coverage, paired with value-adding extras like gas, car rental and food delivery discounts, makes this a well-rounded card for travellers.

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In practice this means a new player accepting the welcome bonus effectively locks out cashback for the duration of the welcome bonus clearing process, which is usually two to three weeks of regular play. If you don’t find any cards with a welcome bonus which you deem to be worth a credit inquiry, maybe it’s time to stick to everyday earning rates for a bit. If you’re not sure whether the next welcome bonus is worth it, I invite you to play around with our Credit Cards comparison tool. For mobile device insurance, there are a number of credit cards with no Koko Casino NL annual fee that offer coverage.

Best for flexible flight rewards — RBC Avion Visa Infinite

Each application may create a hard inquiry on your credit report, and you need enough normal spending to meet every bonus requirement without carrying a balance. And if you don’t travel at all, cash back may be a better option. Different credit cards have different rewards programs, so the golden rule is to always think about what redemption you can actually use, not the most valuable one available in theory. The written terms on the application you are considering are the source of truth, so be sure to read them carefully before signing up for a new card. Specifically for Aeroplan-branded credit cards, members may only be granted a maximum of one welcome bonus for each type of Aeroplan card, regardless of issuer.

Best for students — BMO CashBack Mastercard for Students

A €100 first deposit produces a €120 bonus, €6000 in turnover requirement, and 14 days to clear. While the welcome bonus is active — until it clears or expires — cashback calculations typically exclude any bets placed using the bonus balance. Table-heavy or mixed playCashbackWelcome bonus clearing is more painful on low-contribution games.

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Many people meet the minimum spending for a welcome bonus by timing their application with a big expense. You don’t want to wind up paying more than you budgeted for because a friend or relative won’t pay you back. Another great way to cover the minimum spending requirement on a credit card is by picking up the tab for a group. Once you’ve hit your minimum spending requirement, you can go back to dividing your purchases between your cards and taking advantage of each card’s top-earning rewards category. The easiest way to cover the minimum spending requirement on a new credit card is to use your new card for all of your purchases. If you need to spend $3,000 to earn the welcome bonus for a card with a $95 annual fee, be sure to spend the full $3,000 and not just $2,905.

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Limitations on Opening New Credit Cards

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Then, you’ll typically need to spend a certain amount of money on the card within a given amount of time. To earn an intro bonus, you’ll first need to be approved for a credit card that offers sign-up bonuses to new cardholders. A credit card intro bonus typically comes in the form of cash back, points or miles.