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Best for: First-Year Annual Fee Rebate

The National Bank World Elite® Mastercard® offers a first year annual fee rebate (regular fee $150/yr). You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $767.

First-Year Annual Fee Rebate
Annual Fee
$150 $0
Rewards rate
1x

NBC Rewards

Welcome Bonus

Ends Nov 4, 2026

1st Year Value
$767

Pros

  • First Year Annual Fee Rebate
  • 5x on groceries
  • 5x at restaurants
  • Estimated 1st-year value of $767

Cons

  • No welcome bonus
  • Requires good credit
Best for: Overall value

It comes with a welcome bonus of 15,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $1,491.

Annual Fee
$191.88

$15.99/mo

Rewards rate
1x

Amex Membership Rewards

Welcome Bonus
Up to 15,000 points
1st Year Value
$1,491

Pros

  • Welcome bonus of 15,000 points
  • 5x on groceries
  • 5x at restaurants
  • Estimated 1st-year value of $1,491

Cons

  • High annual fee ($191.88)
Best for: First-Year Annual Fee Rebate

The BMO eclipse Visa Infinite Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of 80,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $1,155.

First-Year Annual Fee Rebate
Annual Fee
$120 $0
Rewards rate
1x

BMO Rewards

Welcome Bonus
Up to 80,000 points
1st Year Value
$1,155

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of 80,000 points
  • 5x on groceries
  • 5x at restaurants

Cons

  • Requires good credit
Best for: Cash back

The Scotia Momentum® Visa Infinite + Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 1x at restaurants. Estimated first-year value is $1,044.

First-Year Annual Fee Rebate
Annual Fee
$120 $0
Rewards rate
1x

Cash Back

Welcome Bonus
Up to $300

Ends Nov 1, 2026

1st Year Value
$1,044

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of $300
  • 4x on groceries
  • Estimated 1st-year value of $1,044

Cons

  • Requires good credit
Best for: Cash back

The CIBC Dividend® Visa Infinite Card offers a first year annual fee rebate (regular fee $120/yr). It comes with a welcome bonus of $300. You earn 4x on groceries and 2x at restaurants. Estimated first-year value is $1,002.

First-Year Annual Fee Rebate
Annual Fee
$120 $0
Rewards rate
1x

Cash Back

Welcome Bonus
Up to $300
1st Year Value
$1,002

Pros

  • First Year Annual Fee Rebate
  • Welcome bonus of $300
  • 4x on groceries
  • 2x at restaurants

Cons

  • Requires good credit
Best for: No annual fee

The PC® World Elite® Mastercard® has no annual fee, making it risk-free to hold. It comes with a welcome bonus of 20,000 points. You earn 30x on groceries and 10x at restaurants. Estimated first-year value is $509.

Annual Fee
$0
Rewards rate
10x

PC Optimum

Welcome Bonus
20,000 points
1st Year Value
$509

Pros

  • No annual fee
  • Welcome bonus of 20,000 points
  • 30x on groceries
  • 10x at restaurants

Cons

  • Requires good credit