Here
are the Rewards Canada Top 5 7 Cash Back Credit Card Sign Up offers for
the month of November 2020! This is not a ‘best’ credit card
list like our Top Cash Back Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing a card
you should always take other factors into account other than the
just sign
up bonus, but when some of these cards are first year free, they
can and
do pay off even when you grab them strictly for the sign up rewards.
This month we see six of the seven cards offering the first year free. Oh
and this month we had to go with 7 cards again instead of our usual 5 cards
due to the four of them all offering the same welcome bonus.
Here are our top 7 cash back credit card sign up offers for November (in order of value)
SimplyCash™ Preferred Card from American Express – 10% cash back on all purchases up to $4,000 (Apply here)
Welcome offer cash back value: $301
This card is offering 10% cash back on
all spending during the first four months of having the card.
The 10%
is capped at $4,000 of spending for a maximum return of $400 cash back
as your welcome bonus. This is the only card on the list that does not
have its first year annual fee waived. That fee is $99 hence the welcome
bonus sign up value of $301. Cash back
on this card is awarded once per year as a statement credit.
Minimum Income: N/A
HSBC World Elite Mastercard – 100,000 points (Apply here)
Minimum value: $300
This
card offers a welcome bonus of 100,000 points, split
between 20,000 on first purchase and 80,000 more when you spend $5,000
within 180 days of getting the card. The annual fee of $149 is waived in
the first year as well meaning these points come to you at no cost
other
than card spend. The card has a lot of other good benefits like no
foreign transaction fees to consider as well! Those 100,000 points are
worth $300 in cash back rewards but those points can also be used for $500 on travel credits or converted to
British Airways Executive Club, Cathay Pacific Asia Miles or Singapore
Airlines KrisFlyer.
Minimum Income: $80,000 personal or $150,000 household or $400,000 in assets at any Canadian Financial Institution
ManulifeMONEY+ Visa Infinite – 10% cash back on grocery purchases up to $2,500 (Apply here)
Welcome offer cash back value: $250
This card is offering 10% cash back on grocery spending during the first three months of having the card.
The 10%
is capped at $2,500 of spending for a maximum return of $250 cash back
as your welcome bonus. The card does come with a first year annual fee
waiver on the primary card. Cash back
on this card is awarded quarterly as a statement credit.
Minimum Income: $60,000 (individual) or $100,000 (household)
BMO CashBack World Elite Mastercard – 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200
This card is offering 10% cash back on all spending during the first
three months of having the card. The 10% is capped at $2,000 of spending
for a maximum return of $200 cash back as your welcome bonus. The card
does come with a first year annual fee waiver on the primary card and
allows to redeem as little as $1 cash back at anytime for a statement
credit.
Minimum Income: $80,000 (individual) or $150,000 (household)
CIBC Dividend® Visa Infinite* Card – 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200
Please note this offer ends November 26!
This card is offering 10% cash back on
all spending during the first four billing cycles of having the card.
The 10%
is capped at $2,000 of spending for a maximum return of $200 cash back
as your welcome bonus. The card does come with a first year annual fee
waiver on the primary card and up to three additional cards. Cash back
on this card is awarded once per year as a statement credit – however that will change on February 1, 2021 to almost anytime access.
Minimum Income: $60,000 (individual) or $100,000 (household)
Scotia Momentum Visa Infinite Card – 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200
This card is offering 10% cash back on
all spending during the first three months of having the card.
The 10%
is capped at $2,000 of spending for a maximum return of $200 cash back
as your welcome bonus. The card does come with a first year annual fee
waiver on the primary card and supplementary cards. Cash back
on this card is awarded once per year as a statement credit.
Minimum Income: $60,000 (individual) or $100,000 (household)
TD Cash Back Visa Infinite* Card – 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200
Please note this offer ends December 6, 2020!
This card is offering 10% cash back on
all spending during the first three months of having the card.
The 10%
is capped at $2,000 of spending for a maximum return of $200 cash back
as your welcome bonus. The card does come with a first year annual fee
waiver on the primary card and the first additional card. Cash back
on this card can be redeemed at anytime for a statement credit as long
as your cash back rewards balance is $25. This limited time offer ends December 6, 2020.
Minimum Income: $60,000 (individual) or $100,000 (household)
Between these seven cards there is over $1,650 in cash back welcome bonus rewards! However even if you only take
on
one or two you are helping your finances at no cost
other than regular credit card spend. We don’t really recommend getting
all five in one month unless you know you can meet the minimum spend for
them all at once, rather you’d want to pick one or two right now,
perhaps another next month and so on.
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product, please visit the TD site.