Top Credit Card Higher than Normal Sign Up Bonuses for August 2020
A new month, a list new, but there are no changes from last month. Do note that some offers end sometime this month and the rest at the end of October.
Top Higher than Normal Sign Up Bonuses for August 2020
For the rest of the credit cards, I ranked the credit cards by the price of the annual fees (lowest to highest):
BMO Air Miles MasterCard
- No annual fee
- Earn 800 sign up bonus Air Miles (earn 400 miles after the first purchase and another 400 miles after spending $1,000 within the first 3 months) (if you apply before October 31, 2020)
- Normally 200 sign up bonus
BMO Rewards MasterCard
- No annual fee
- Earn 20,000 sign up bonus points (earn 10,000 after the first purchase and another 10,000 after spending $1,000 in the first 3 months) (if you apply before October 31, 2020)
- Normally 10,000 sign up bonus
RBC WestJet World Elite MasterCard
- $119 annual fee
- Earn $350 sign up bonus points (earn $250 after the welcome bonus and another $100 after the first purchase in the first 3 months) (if you apply before October 31, 2020)
- Normally $250 sign up bonus
BMO Air Miles World Elite MasterCard
- $120 annual fee (first year fee waived if you apply before October 31, 2020)
- Earn 3,000 sign up bonus Air Miles (earn 1,000 miles after the first purchase and earn an additional 2,000 miles after spending $3,000 within the first 3 months) (if you apply before October 31, 2020)
- Normally, 2,000 sign up bonus
- Have at least $80,000 in personal annual income or $150,000 household income
BMO Rewards Business MasterCard
- $120 annual fee (waived the first year if you apply before October 31, 2020)
- $50 annual fee for a supplementary cardholder
- Earn 50,000 sign up bonus points after spending $5,000 in the first 3 months (if you apply before October 31, 2020)
Scotiabank Passport Visa Infinite Card
- $139 annual fee
- $50 annual fee for each supplementary card (first supplementary card free)
- Earn 30,000 Scotia Rewards sign up bonus points (earn 30,000 points after spending $1,000 in the first 3 months) (if you apply before August 31, 2020)
- Earn 2,000 Scotia Rewards bonus points after every $10,000 in addition to the first $40,000 in a calendar year
- Normally 25,000 points
- Have at least $60,000 in personal annual income, $100,000 in annual household income or $250,000 in assets under management
HSBC World Elite MasterCard
- $149 annual fee (first year fee waived if you apply before August 17, 2020; except Quebec)
- Earn 90,000 sign up bonus points (Quebec only) (earn 20,000 after the first purchase and earn 70,000 bonus points for keeping the account active for 180 days) (if you apply before August 17, 2020)
- Earn 60,000 sign up bonus points (rest of Canada) (earn 20,000 after the first purchase and earn 40,000 bonus points after spending $5,000 in the first 180 days); (if you apply before August 17, 2020)
- Normally 20,000 sign up bonus points
- Have at least $80,000 in personal annual income, $150,000 household income or have $400,000 asset under management
HSBC Premier World Elite MasterCard
- $149 annual fee (first year fee waived if you apply before August 17, 2020; except Quebec)
- Earn 80,000 sign up bonus points (Quebec only) (earn 20,000 after the first purchase and earn 60,000 bonus points for keeping the account active for 180 days) (if you apply before August 17, 2020)
- Earn 60,000 sign up bonus points (rest of Canada) (earn 20,000 after the first purchase and earn 40,000 bonus points after spending $5,000 in the first 180 days) (if you apply before August 17, 2020)
- Normally 20,000 sign up bonus points
- Have at least $80,000 in personal annual income, $150,000 household income or have $400,000
Scotiabank Passport Visa Infinite Business Card
- $199 annual fee
- $50 annual fee for a supplementary card (first card fee waived)
- Earn 40,000 sign up bonus Scotia Reward points (earn 30,000 for spending $5,000 within the first 3 months and earn 10,000 Scotia Reward bonus points for spending $60,000 in the first 12 months) (if you apply before October 31, 2020)
- Normally 30,000 sign up bonus points
- Have at least $60,000 personal annual income, $100,000 annual household income or $250,000 assets under management, as well as a minimum business annual sales revenue of $500,000
Note that we also have two other types of monthly lists going on:
Please let us know in the comment section below if you would like to see other types of monthly lists or if we missed any promotions!
Hi Matt, for the HSBC World Primier card, do you know what the points values are in terms of cashback? The points/dollar ratio
Hi Edward,
Here you go:
200 HSBC Rewards points = $1 travel credit
25,000 HSBC Rewards points = 8,000 Asia Miles
25,000 HSBC Rewards points = 9,000 Singapore KrisFlyer miles
25,000 HSBC Rewards points = 10,000 British Airways Avios
Watch out if you wait until the near end of the promotion period to apply; my wife applied on August 16th under the previous promotion (60,000 bonus points) which ended August 17th. They asked her to come in to the branch to verify her ID, their earliest available appointment was August 28th. We didn’t receive the card until September 17th (well after the new promo started). A few days later we got a statement in the mail showing the $149 annual fee was applied to the brand new account! It took almost an hour on the phone with them to get them to waive the fee. They tried to tell us that because the application wasn’t approved until after the promotion ended we didn’t qualify. We tried to get them to give us the 100,000 bonus points since it took a month for the card to arrive but no dice.
Good advice Pluto! Best not to leave things at the last minute cause if those customer services Reps do not see the promotion online anymore, they tend to get real confused too.