The credit card in Canada with one of the best welcome bonuses right now is the TD Aeroplan Visa Infinite, which regularly offers a high-value introductory bonus for new cardholders who meet the spending requirements. Aeroplan cards tend to deliver some of the most competitive welcome offers in Canada, especially for travellers who can make use of flight rewards and travel benefits.

That said, welcome bonuses change often, and the “best” offer can shift throughout the year. To find the strongest current promotions, it’s worth comparing cards based on total bonus value, required spending, and how well the card’s long-term rewards and fees fit your lifestyle. You can see the latest offers on Ratehub’s best credit card promotions page.

The best Mastercard to have, according to Forbes Advisor Canada’s research, actually tops our Best Mastercards list, and it’s the MBNA Rewards World Elite Mastercard. Though it has a $120 annual fee, it also has high earning rates of 5 points per dollar spent on restaurants, groceries, digital media, memberships and household utilities. It also gives you a welcome bonus of up to 20,000 points and an annual birthday bonus of up to 15,000 points. There are income requirements though. You must make a minimum of $80,000 a year in personal income or $150,000 in annual household income. It’s among the best Canadian credit cards available.