Best Credit Card Offers (July 2025)

Looking to optimize your wallet this summer? Here's a fresh take on the top Canadian credit cards with standout sign‑up bonuses and perks:

Travel & Miles Cards

American Express® Cobalt Card

• What makes it great: 5× points on dining, groceries, and food delivery (caps apply); 3× on streaming; 2× on transit/rideshares.

• Welcome bonus: Up to 15,000 Membership Rewards points (~$150) with $750 spend monthly for 12 months.

• Annual fee: ~$155.88 ($12.99/mo).

• Why choose it: High everyday earning power, flexible points, solid travel insurance—ideal if you’re urban and foodie-oriented.

TD® Aeroplan® Visa Infinite Privilege Card

• Welcome offer: Up to 85,000 Aeroplan points (~$3,000 value) after $12,000–$24,000 spend in 180 days.

• Perks: Maple Leaf lounge access, earns 2× on Air Canada, 1.5× on travel, gas, groceries.

• Annual fee: $599.

• Best for: Frequent flyers looking for premium perks and generous bonuses.

BMO VIPorter World Elite Mastercard

• Bonus: Up to about $1,590 in travel value when spending $18,000; roughly $870 with $9,000 spend.

• Redemption: Simplified travel points with Porter/Air Transat flights.

• Ideal for: Travelers loyal to Porter looking for big one-time bonuses.

Cash Back & Everyday Spending

BMO CashBack World Elite Mastercard

• Return: 5% cash back on groceries; 4% on transit; 3% on gas; 1% on other purchases.

• Welcome: First-year annual fee waived; up to 10% back over initial promo period; $75 after $25k spend.

• Fee: $120 (first year waived).

• Why it shines: Fantastic for big-spenders and families—strong ongoing returns.

Scotiabank Gold American Express Card

• Rewards: 5× Scene+ points on dining, groceries, entertainment; 3× on gas, transit, streaming.

• Bonus: Up to 40,000 Scene+ points (~$780).

• Fee: $120.

• Best for: Foodies and entertainment lovers who spend across those categories.

Tangerine Money‑Back / World Mastercard

• Promo: 10% cash back on all purchases for first 2 months (up to $2,000) plus no annual fee.

• Ongoing: 4% on groceries and gas; 2% on other chosen categories; 1% elsewhere.

• Why it works: No fee and solid intro boost—great for switching categories.

Balance Transfers & Low‑Interest

MBNA True Line Mastercard

• Promo: 0% introductory annual interest rate for 12 months (3% transfer fee); no annual fee.

• Best for: Debt consolidation and interest savings.

CIBC Select Visa

• Offer: 0% rate on balance transfers for 10 months; annual fee rebate for 2 years; $29 fee.

• Best for: Short-term debt pay-off with fee savings.

Quick Takeaways

Goal	Top Pick	Comment
Everyday cash back	BMO CashBack WE	Stellar grocery and gas rates
Dining & lifestyle	Scotiabank Gold Amex	Earns 5× in lifestyle categories
Premium travel	TD Aeroplan Privilege	Huge Aeroplan welcome bonus
Flexible points	Amex Cobalt	High value on daily spending
Simple travel rewards	BMO VIPorter WE	Redemptions via Porter/Transat
Zero-interest debt	MBNA True Line	Year-long 0% APR

What People Are Saying

Reddit users echo similar preferences:

“AMEX Cobalt: Everywhere I see this is a solid card. I would get the welcome bonus as well and use the points for either travel or hotels.”

That sentiment mirrors expert picks—Cobalt consistently tops travel and lifestyle categories.

Final Word

• Know your spending habits: Grocery-heavy? Go with BMO CashBack WE. Love dining and streaming? Scotiabank or Cobalt is better.

• Looking for premium perks: TD Aeroplan Privilege is worth the fee for frequent flyers.

• Paying down debt? Consider MBNA or CIBC’s 0% rate cards.

Apply soon—these offers may shift by end of July.