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Sign-Up Bonus Credit Cards

Sign-up bonus credit cards provide attractive offers featuring bonus points, complimentary flights, $0 annual fees, promotional interest rates and other perks.

Although sign-up bonuses may initially draw you to a credit card, it’s apparent that the interest rates on additional purchases and card fees are higher compared to other credit cards that don’t offer sign-up bonuses. Some credit cards will waive card fees as a sign-up bonus for a specific period of time, but then may not offer as many rewards, while others offer 0% interest for a specific period on balance transfers.

If you’ve found a sign-up bonus offer and feel that you can utilize that offer effectively while saving money or gaining rewards that you will use, a sign-up bonus can be a great option. However, you should spend a fair amount of time researching and weighing up the pros and cons of the sign-up bonus card, as you could end up paying fees and interest rates that are higher than your current credit card.

Scotiabank Gold American Express Card

Scotiabank Gold American Express Card

19.99 % APR

Purchase interest rate

Scotiabank Gold American Express Card

Apply today and receive a bonus of 15,000 Scotia Rewards points when you spend $1,000 in the first 3 months of card membership.

  • Purchase interest rate: 19.99%
  • Cash advance rate: 22.99%
  • Balance transfer rate: 22.99%
  • Annual fee: $99
  • Credit rating: 650+ recommended credit score
  • Minimum age: Age of majority in province/territory of residence
  • Minimum income: $12,000
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Compare credit cards with bonus points on sign-up

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Get 15,000 bonus Scotia Rewards points with min. spend of $1,000 within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$99
Earn 4 Scotia Rewards points per $1 on the first $50,000 annual spend on eligible purchases.
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Earn 2,500 points with minimum spend of $500 for each billing period. Up to 30,000 bonus points in your first year.
19.99%
22.99%
$120
Earn 5x points per $1 spent on eligible dining transactions, 2x points on travel and 1 point on all other spend.
Get 30,000 bonus Scotia Rewards points with min. spend of $1,000 in the first 3 months. Ends June 30, 2019.
19.99%
22.99%
$139
Earn 2 Scotia Rewards points per $1 spent on eligible purchases. Plus, an extra 10,000 points with a min. annual spend of $40,000 on your card.
Get 2,500 bonus SCENE points with min. spend of $500 in the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
Save with no annual fee and earn 1 SCENE point for every $1 spent on all purchases.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
N/A
N/A
$699
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend.
Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 30,000 bonus Scotia Rewards points upon first eligible purchase within the first two months. Ends 30 June 2019.
19.99%
22.99%
$399
Earn 4x Scotia Rewards points per $1 spent at grocery stores, gas stations, dining and entertainment purchases.
Receive 2,400 Air Miles Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 25,000 bonus Membership Rewards points when you spend $1,500 within the first three months of membership.
N/A
N/A
$150
Earn 2 points for every dollar you spend on eligible travel and purchases and 1 point for every dollar you spend elsewhere.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Get 5,000 bonus Scotia Rewards points with min. spend of $500 on eligible purchases within the first 3 months. Ends 30 June 2019.
19.99%
22.99%
$0
Earn 1 Scotia Rewards point per $1 spent on eligible purchases.
Receive 50,000 bonus Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$120
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 2 points per dollar on other spend.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$150
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 3 points for every dollar spent on eligible gas, dining and travel.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.
Receive 5,000 bonus Scotia Rewards points upon first eligible purchase within the first 2 months. Ends 30 June 2019.
19.99%
22.99%
$110
Get 5% cash back on travel purchases via Scotia Rewards Travel Service and earn 1 Scotia Rewards point for every $1 spent on daily purchases.
Offers 30,000 bonus points when you spend $5,000 within the first three months of membership.
N/A
N/A
$250
Earn one point for every dollar spent and one additional point for every dollar spent at three eligible merchants of your choosing.

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Cards to consider with cashback offer

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Cash Back Rate Annual Fee
Receive 5% cashback (up to $300 cashback) in the first six months.
19.99%
22.99%
2%
$99
Offers 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
1.25%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Get 10% cash back on purchases with min. spend of $2,000 in the first three months. Ends 30 June 2019.

19.99%
22.99%
4%
$0 annual fee for the first year ($99 thereafter)
Save with no annual fee for the first year.
Receive a 7.99% introductory interest rate on all spend for the first six months. Ends 30 June 2019.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
1%
$0
Get 1% cash back on payments made at gas stations, grocery stores and pharmacies, including recurring payments.
Offers a 7.99% introductory interest rate on all spend for the first 6 months. Ends 30 June 2019.
7.99% intro APR for the first 6 months, 19.99% thereafter
22.99%
1%
$0
Receive 1% cash back on payments made at petrol stations, supermarkets, pharmacies and recurring bill payments.
Offers a 2.99% introductory balance transfer rate for the first 6 months. Ends 30 June 2019.
19.99%
22.99%
2%
$39
2% cash back on eligible gas stations, grocery and drug store purchases including recurring payments. T&C's apply.
Get 1.95% interest rate on balance transfers for the first six months. Valid within the first 30 days of account opening.
19.95%
19.95%
2%
$0
Earn 4% Money-Back Rewards in three categories of your choice such as groceries, dining, petrol and more. Ends 31 July 2019.
Waived annual fee for the first year of membership. Ends 30 June 2019.
19.99%
22.99%
5%
$0 annual fee for the first year ($79 thereafter)
Get up to 5% in GM Earnings upon initial spend of $10,000 in the first year and 2% subsequently.
No available introductory offer.
17.99%
17.99%
5%
$0
Get up to 5% in GM Earnings on your initial spend of $5,000 in the first year.

Compare up to 4 providers

Things to consider with sign-up bonus credit cards

  • What factors should be considered with sign-up bonus credit cards?

Interest rates are always one of the most important factors to consider since lower rates over the long run could save you a considerable amount of money. Therefore, you’ll need to be sure that you understand the interest rate offered, and if low interest is only charged during specific time periods (as is the case with promo interest rate credit cards).

Where cards are concentrating on frequent purchase rewards as the main special offer, be sure that the purchase rate is sustainable or that you pay your credit card in full every month so as not to pay interest. Looking at the long-term impact of acquiring a new credit card is far safer than only going for the immediate short-term rewards.

  • Is a sign-up bonus credit card right for you?

The answer to this question will depend on your individual circumstances. For example, if you have a high interest credit card with over $10,000 owing currently which you plan on paying off in less than a year, then a 0% transfer balance card for 9 months would be an ideal option.

If you spend large and/or frequent amounts of money every month on your credit card and pay the balance off every month on time, then frequent purchase specials will give you additional benefits for something you do anyway. Some people may already have a great card that has low interest and low fees, and simply switching cards for a sign-up bonus may not be worth it.

  • How and where can I apply for my sign-up bonus credit card?

The easiest way to apply for a sign-up bonus credit card is to look at the existing options available in the lists above. After comparing the credit cards and identifying the best sign-up bonus credit card for you, apply online for the card and complete the application process. Ensure that you meet the eligibility requirements and have the necessary information available in order to apply. If you have any questions regarding the card, you should contact the credit card provider before you apply, in case the card is not right for you.

  • Once approved, how long does it take before I can receive the sign-up bonus credit card?

After approval, the specific bank or credit card provider will mail your new sign-up bonus credit card, which you should receive within a week. For security purposes, the credit card will not be activated until it has been safely received by you. You can call the number on the back of the card to activate your new credit card. As soon as your credit card has been activated, you will be able to use it immediately and earn rewards.

Conclusion

A sign-up bonus credit card can be a great way to use your purchasing power to your benefit, as it can get you great rewards or save you from high interest rates. Credit card companies will always make money so, no matter how good a deal looks, be sure you understand all of the fine print, fees, terms and conditions. It should always be your goal to eliminate or reduce credit card debt, so don’t be tempted to get in further debt for the sake of a sign-up bonus unless it truly serves your financial needs.

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