Canada’s 27 Best Credit Card Offers for September 2023

If you’re in the market for a new credit card, it’s important to consider the welcome bonus that the credit card is offering. This is a one-time incentive to encourage you to apply for the card, only available in your first year with the card.

The signup bonus is a big part of the value you’ll get from a new credit card, above and beyond its core features, at least in the first year. Often the signup bonus will influence your decision to apply, perhaps even more strongly than the card’s other qualities.

Here are the best credit card offers in Canada for September 2023.

What’s Happening This Month?

There’s a flurry of activity in the Canadian credit card landscape this September. Some record-high offers have dropped, others have reappeared, big changes are afoot for two of Canada’s strongest cards, and new players are set to join the ranks.

Here’s a summary of some of this month’s highlights, including elevated bonuses and key deadlines to be aware of:

  • TD’s Summer 2023 offers, which included all-time-high welcome bonuses on the TD® Aeroplan® Visa Infinite* Card and the TD® Aeroplan® Visa Infinite Privilege* Card, have expired, and the Fall 2023 offers have come into effect. While the offers have dropped, they’re certainly worth considering, and you have until January 3, 2024 to take them into consideration.
  • The record-high welcome bonuses of up to 55,000 Avion points on RBC’s suite of Avion credit cards have reappeared until November 27, 2023.
  • The annual fees on the American Express Platinum Card and the Business Platinum Card from American Express will increase to $799 (CAD) on September 26, 2023. If you’ve been holding out on either of these cards, there’s a limited amount of time to lock in the current welcome bonuses and the lower annual fees for year one.
  • There’s a new offer on the HSBC World Elite® Mastercard®, which is lower than the previous offer, but now comes with a very reasonable minimum spending requirement.
  • Applications are now closed for the RBC Cathay Pacific Visa Platinum. This fall, Neo Financial is launching a partnership with Cathay Pacific, and together will debut a card with a welcome bonus of 45,000 Asia Miles.
  • MBNA has officially discontinued its duo of Alaska Airlines co-branded Mastercards, and cardholders have been transitioned to other cards that earn MBNA Rewards. It’s expected that MBNA Rewards will be transferable to Alaska miles at some point in the near future.


This list is an opinionated ranking of the best credit card offers in Canada, based on a few key factors that we use to evaluate the appeal of a signup bonus.

First and foremost, we look at the net value you can expect to earn when you apply for the card. This is the value of any first-year bonuses, rebates, and deals, minus annual fees. Rewards points are adjusted to a cash value based on our Points Valuations.

Next, we consider how easy it is to earn the welcome bonus. Cards may get a boost for a low spending requirement, or a long timeline to meet the spending threshold to qualify for the bonus. Meanwhile, they may get dinged for a high spending requirement, merchant category spending requirements, or drawn-out recurring monthly requirements.

All else being equal, we prefer cards with low annual fees. Any card with a first-year annual fee waiver, offering a bonus above a certain value, is a candidate for this list. However, the total first-year value of the offer is a bigger factor, as you can earn points faster and still come out ahead by paying high annual fees for cards with larger signup bonuses.

Finally, we may give a card a slight boost if its offer is significantly better than usual, or if we like the long-term features of the card. However, this list is mostly determined by what you can gain in the first year with a new credit card, compared to other deals available now.

Business Platinum Card from American Express

Not surprisingly, the Business Platinum Card from American Express remains among the cream of the crop. Currently, the card offers Canada’s most valuable welcome bonus.

While this premium Amex card comes with a high annual fee, it’s well worth it, as it’ll easily be offset by the value of the large signup bonus.

Keep in mind that the annual fee is rising to $799 as of September 26, 2023. If you apply for the card before then, you’ll lock in the lower annual fee for the first year, along with the current juicy welcome bonus. 

Plus, you may even find long-term value in keeping the card thanks to its best-in-class perks, including extensive lounge access, comprehensive travel insurance, and generous refer-a-friend bonuses. It’s also set to have a $200 annual travel credit added as part of the card’s upcoming refresh.

The current offer is less than the all-time high we saw in Summer 2022, but it’s also better than what we’ve seen since. If you’re looking to rack up points quickly, the Business Platinum Card from American Express is without a doubt a great place to start.

American Express Platinum Card

The personal Platinum Card is currently offering a solid welcome bonus of 90,000 Membership Rewards points in one fell swoop.

However, there’s a fairly hefty spending requirement of $7,500 in the first three months. If that doesn’t pose a barrier, then now could be a good time to add a chunk of metal to your wallet.

The offer isn’t the highest we’ve ever seen, but a the range of ongoing benefits on this card, you may also find value in keeping it around for a while.

As with its business counterpart, the annual fee is set to rise by $100 to $799 on September 26, 2023.

If you apply before then, you’ll benefit from a lower annual fee for year one, as well as a $200 dining credit to use before the end of 2023, another $200 dining credit to use in 2024, and the $200 annual travel credit to use in your first year.

Now would be an excellent time to add this card to your wallet, for the welcome bonus, the perks, and the lower annual fee for the first year.

American Express Business Gold Rewards Card

The American Express Business Gold Rewards Card is also offering a very strong bonus, and it comes with a smaller $199 annual fee to boot. At 75,000 Membership Rewards points, this offer is the standard high-water mark for this card.

It’s simple to earn the bonus, with a spending requirement of $5,000 in three months on any category of purchases. With the offers on other Amex cards down while the Business Gold stays high, now would be a good time to add this one to your collection.

American Express Gold Rewards Card

Similar to the earning structure on the Cobalt card, earning the full welcome bonus on the Gold Rewards Card now requires you to spend $1,000 each month, for the first 12 months. The 10,000 points upon spending $4,000 in the first three months isn’t great, but the total welcome bonus over the course of the year is attractive.

As you’ll have to spend at least $13,000 spread out over the first year, you’d probably be better off looking elsewhere. However, if you’re somebody who tends to max out the 5x earning rate on your Cobalt every year, then this could serve as a decent backup.

American Express Business Edge Card

With a low annual fee of $99, this card is a good option if you’re looking to rack up points at a low cost.

Still, you’ll face the same $5,000 spending requirement as the Business Gold Rewards Card, but with a smaller welcome bonus.

Note that you’ll need to sustain spending of $3,000 per month to earn the final 12,000 MR points, a prospect which I’d recommend forgoing in favour of better ways to earn points on other cards.

RBC® Avion Visa Infinite

After a brief reprieve with a lower welcome bonus, the record-high offers on the suite of RBC Avion cards are back.

Fortunately, the bulk of the points are awarded upon approval, and the second chunk of 20,000 RBC Avion points is unlocked upon spending $5,000 in the first six months. That averages out to $833 per month, or faster if you put a few large purchases on the card.

While you’ll earn more points more quickly on day-to-day spending with Amex cards and Aeroplan points, RBC Avion cards are a great way to expand into the Oneworld airline alliance.

You can use your Avion points to supplement your Amex MR transfers to British Airways Avios or Cathay Pacific Asia Miles, or for the unique ability to convert to American Airlines AAdvantage miles.

The offers on the Avion cards are valid for applications through to November 27, 2023.

RBC® Avion Visa Platinum

If your income doesn’t qualify for the RBC Avion Visa Infinite, you can also apply for the RBC Avion Visa Platinum, with the same offer and perks.

TD® Aeroplan® Visa Infinite Privilege* Card

After a long run at the top of this list with a record-high offer, TD’s premium Aeroplan card has dropped a few positions with a lower welcome bonus of up to 100,000 points, down from 115,000 points.

As a plus, there’s no monthly requirement to keep track of. Instead, the total required spending is quite high, at $12,000, but this is mitigated by the fact that you have a full year to meet this threshold.

Furthermore, because of the way the spending requirement is structured, you’ll receive a big batch of 70,000 points before you’ve hit the full $12,000.

This new offer is set to expire on January 3, 2024, which leaves plenty of time to consider its merits. 

TD® Aeroplan® Visa Infinite* Card

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

The latest offer for up to 50,000 Aeroplan points is down from the all-time-high welcome bonus of up to 70,000 Aeroplan points for Summer 2023. While the spending requirement is high, it’s also spread out over a full year, so you should have no trouble reaching it.

In order to receive the third dose of points, you’ll need to pay the annual fee for the second year. However, this new offer comes with an annual fee rebate for the first year, and even then, the boost in points should make it worthwhile for the second year, too.

You have until January 3, 2024 to consider the offer, which is amongst the best for mid-tier Aeroplan cards available in Canada. 

RBC® British Airways Visa Infinite

RBC has a boosted offer on its British Airways co-branded card. While the value is quite strong, the spending requirement is higher and on a shorter timeframe than the Avion cards.

Also, Avios are harder to use and more restrictive than Avion points. As Avion can be transferred 1:1 to Avios, I’d always opt for flexibility first, and only apply for the more limited card after exhausting other options.

RBC® Avion Visa Infinite Privilege

Like its junior counterparts, RBC’s top-tier Avion card is offering up to 55,000 Avion points as a total welcome bonus.

This card is knocked down the list for offering the same number of points at a higher annual fee. It’s still an okay value proposition despite the increased costs, but it wouldn’t be my first choice for an Avion card at this time.

American Express Aeroplan Business Reserve Card

The latest offer on the business variant of Amex’s premium Aeroplan card has a high monthly spending requirement to unlock the first batch of points, and you’ll have to pay for supplementary cardholders to get a further boost.

You’ll also have to eat the annual fee twice, and spend an additional $9,000 in three months during the second year, to unlock the full value of the welcome bonus.

Overall, you’re presented with a rather onerous task to extract value from the card with this offer. It’s a lot of work for 55,000 Aeroplan points in the first year, so your efforts are likely better spent elsewhere for the time being.

CIBC Aeroplan Visa Infinite Privilege Card

CIBC’s top-tier Aeroplan card is offering an appealing bonus, with 60,000 points achievable for spending a reasonable $3,000 in the first four months. 

This alone is quite good value for the annual fee, and a high one at that.

If you do decide to keep the card long-term for its premium benefits, there’s a second-year points bonus which is enough to offset your second annual fee, as long as you charge at least $15,000 to the card in year one.

American Express Aeroplan Card

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

Despite its lower annual fee, there’s a modest monthly spending requirement, which may be a minor hassle to track for limited gain.

While the value of the offer is quite strong, I’d sooner choose an MR card to earn flexible points in a more straightforward manner, or another Aeroplan card with a simpler structure.

CIBC Aeroplan Visa Infinite Card

After a solid run higher up on this list, the CIBC Aeroplan Visa Infinite Card has dropped down into third place amongst the core Aeroplan co-branded credit cards.

This offer has a higher minimum spending requirement than before, and you have to renew the card for a second year to receive the full welcome bonus. You’ll also have to spend at least $10,000 in the first year, which is higher than its TD counterpart.

On the plus side, the card is offering a first-year annual fee waiver, which is a common and popular feature of its welcome bonus.

As before, there’s no published expiry date for this offer. It could be worth looking elsewhere for now, perhaps to the CIBC Aeroplan Visa Infinite Privilege Card, as this isn’t the strongest offer we’ve seen.

CIBC Aeroplan Visa Business Card

CIBC’s Aeroplan business card is a tale of two offers: an achievable portion up-front for good value, followed by an excessive spending requirement for a meagre prize.

For the first part alone, the card has a first-year annual fee waiver and a reasonable spending requirement. Even without considering the long-term spending threshold, you could do a lot worse for a new business credit card.

For what it’s worth, the total spending threshold was reduced from $65,000 to $35,000 for the latest offer.

TD First Class Travel® Visa Infinite* Card

TD’s in-house rewards cards make for a great stat-padder when you’re looking for general travel value outside airline or hotel loyalty programs.

The previous offer on the TD First Class Travel® Visa Infinite* Card was for 100,000 TD Rewards Points in the first year; however, the Fall 2023 offer has boosted that to up to 115,000 TD Rewards Points, with an annual fee rebate in the first year.

That’s worth a fixed value of up to $575 towards any travel booking via Expedia® for TD. Bear in mind that the spending requirement is a bit higher than what we’ve seen before, at $5,000 spent in the first six months.

However, you’ll also get a $100 annual travel credit, which goes a long way to improving the value proposition on the card, whether in the first year or long-term.

The new offer for this card ends on January 3, 2024.

American Express Cobalt Card

The American Express Cobalt Card is a favourite for everyday earning, with an unbeatable 5x rate on groceries and restaurants. The card is arguably more attractive for its keeper appeal than it is for its signup bonus.

Still, the value of the welcome offer is worth applying for, even with a baseline welcome bonus. There’s never a bad time to add a Cobalt Card to your rotation.

American Express Aeroplan Reserve Card

The current offer for the American Express Aeroplan Reserve Card has a lower total bonus than its business variant above.

However, the spending requirements are also lower, which you may find more appealing. Still, with a monthly spending requirement, you do have to make sure you hit the threshold in each of the first six months to achieve the full potential in the first year.

Keep in mind that you’ll also have to pay to add two supplementary cardholders to maximize the offer, which isn’t a good deal.

For the time being, you’re likely better off looking to another premium Amex card, such as the American Express Platinum Card, for a similar boost of points with a more straightforward structure.

CIBC Aventura Visa Infinite Card

The CIBC Aventura Visa Infinite Card is offering a decent bonus right now, with up to 40,000 points available upon spending $3,000 in the first four months. This is down from the previous offer of 45,000 points.

While Aventura points aren’t the most tantalizing currency, there’s currently a promotion to redeem against any travel expense at an elevated valuation of 1.25 cents per point, which has been extended through to March 31, 2024.

Get this card and redeem the bonus against travel expenses that are otherwise difficult to use points for, such as independent hotels, short-term rentals, cruises, and car rentals.

HSBC World Elite® Mastercard® (Ending Soon)

The HSBC World Elite® Mastercard® is always a good option, even when its welcome bonus is lower than its all-time high.

Currently, you can earn up to 50,000 HSBC Rewards points, and in an improvement to previous offers, all are awarded in the first year.

Toss in no annual fee for year one, an easy $1,000 minimum spending requirement in 60 days, the $100 annual travel credit, and earning 6 HSBC Rewards points per dollar spent on travel, and the overall value proposition from this card becomes quite strong.

Indeed, it’s one of our favourite keeper cards. It’s one of the few credit cards in Canada with no foreign transaction fees, features the aforementioned annual travel credit, and HSBC Rewards are the only Canadian bank program to transfer to Singapore Airlines KrisFlyer miles.

This new offer is set to expire on September 29, 2023.

CIBC Aventura Gold Visa Card

The offer on the CIBC Aventura Gold Visa Card is nearly identical to the offer on its Visa Infinite counterpart, albeit with a lower income requirement and 5,000 fewer Aventura points available. You should have no trouble capitalizing on either offer, if not both.

TD® Aeroplan® Visa Platinum* Card

With a signup bonus of up to 20,000 Aeroplan points, an annual fee rebate for the first year, and a low income requirement, this card is one of the best ways for beginners early in their credit journey to begin collecting meaningful sums of Aeroplan points.

If you’re just getting your feet wet with high annual fees, and can’t be approved for higher-income cards, this card is as good a starting point as they come.

Unlike the other TD Aeroplan credit card offers, this one is set to expire on March 4, 2024.

Marriott Bonvoy American Express Card 

The Marriott Bonvoy personal card is currently offering its standard bonus of 55,000 Bonvoy points. 

The card struggles to rank higher due to the middling value of the Bonvoy program. It’s getting harder to extract the full value of the points unless you have a specific redemption in mind.

Your best bet is to maximize the welcome bonus and then burn the points on a valuable redemption as quickly as possible. Then, keep it in the sock drawer for the 35,000-point Free Night Award each year.

Scotiabank® Gold American Express* Card

Like the Cobalt Card, the Scotiabank® Gold American Express* Card is known more for its keeper prowess than for its signup offers. You’ll earn 5x points on eligible grocery and restaurant purchases, or 6x points at Empire grocery stores.

The welcome bonus is solid, currently offering 20,000 Scene+ points with a low spending threshold, or a total of up to 40,000 points with higher spending.

As these points aren’t transferable to loyalty programs and are only good for general travel expenses at fixed value, the Cobalt Card is a much better first choice. On the other hand, there’s never a bad time to get this card.

Marriott Bonvoy Business American Express Card

The business variant of Amex’s Bonvoy cards takes a bit of a hit compared to the personal card. Even with the same welcome bonus, its annual fee is higher than that of the personal card.

At the same time, it’s worth having two of these cards as keeper cards, due to the Free Night Award you can earn with both.

RBC Avion Visa Infinite Business

The RBC Avion Visa Infinite Business card has an standard bonus right now, good for 25,000 Avion points.

As a big plus, the card has no spending requirement. With a reasonable annual fee for a high-end business credit card, it’s a valuable way to boost your Avion balance, and worth keeping around for its 1.25x base earning rate.

You’ll likely need to have a registered business with documentation to be approved for an RBC business credit card.


We hope that this list will help guide you as you select your next card application, with an emphasis on the value of the signup bonus.

Feel free to view all credit cards to sort and filter by your own criteria as you compare other options. You can also book a Points Consulting call with the Prince of Travel team if you’d like some personalized advice.

Terms and conditions apply.

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