News & Offers

Rotating headlines on Canadian card finance, plus the biggest welcome bonuses we found this week.

Rates

Bank of Canada raises its policy rate to 2.5%

The central bank raised its overnight rate by a quarter point to 2.5% on October 28. The next scheduled decision is on December 9. Prime-linked borrowing, such as variable mortgages and lines of credit, tends to follow.

Oct 28, 2026

Biggest welcome bonuses right now

Scotia Gold
American Express
Welcome bonusUp to 65,000 Scene+ points

40,000 after $2,000 in 3 months, plus 25,000 after $7,500 in the first year. For accounts opened by January 3, 2027.

Annual fee: $120.

As of Nov 8, 2026Apply on the bank's website
TD First Class
Visa Infinite
Welcome bonusUp to 160,000 points

20,000 on a first purchase, plus 140,000 after $7,500 in purchases within 180 days.

Annual fee: $139, first year rebated.

As of Nov 8, 2026Apply on the bank's website
Amex Platinum
Charge card
Welcome bonus100,000 Membership Rewards points

70,000 of them need $10,000 spent in the first 3 months. The last 30,000 come with a purchase in months 15 to 17.

Annual fee: $799.

As of Nov 8, 2026Apply on the bank's website
RBC Avion
Visa Infinite Privilege
Welcome bonusUp to 100,000 Avion points

35,000 on approval, 20,000 after $5,000 in 6 months, 45,000 at the first anniversary. Applications close November 25.

Annual fee: $399.

As of Nov 8, 2026Apply on the bank's website
Scotia Passport
Visa Infinite
Welcome bonusUp to 45,000 Scene+ points

15,000 after $3,000 in 3 months and 20,000 after $10,000 in 6 months, plus 10,000 in a year you spend $40,000. For accounts opened by January 3, 2027. No foreign transaction fee.

Annual fee: $150.

As of Nov 8, 2026Apply on the bank's website
Hilton Honors
American Express
Welcome bonusUp to 70,000 Hilton points + a Free Night Reward

60,000 and the Free Night Reward after $3,000 in 3 months, plus 10,000 after $500 in month 13. Ends January 11, 2027.

Annual fee: $150.

As of Nov 8, 2026Apply on the bank's website

A big bonus can still lose money if you never use the card's perks or can't meet the spending requirement. Audit the card first. Checked November 8, 2026 against each issuer's own website. Offers change often and some end within weeks, so confirm terms with the issuer. New Canadian Finance may earn a commission if you apply through our links, at no extra cost to you.