Here
are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for
the month of July 2022. 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.
Here are the Top 5 Cards for this month 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 ($400 – $99 annual fee)
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. The annual 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
TD Cash Back Visa Infinite Card – 10% cash back on all purchases up to $2,000 then 6% on $1,500 (Apply here)
Welcome offer cash back value: $290
This card is offering 10% cash back on all purchases for the first 3 months up to a total spend of $2,000.
After your first $2,000 in Purchases, Gas Purchases, Grocery Purchases
and Pre-Authorized Payments will continue to earn 6% up to a total spend
of $3,500 for the first 3 months. The card
does come with a first year annual fee waiver on the primary card and
allows to redeem as little as $25 cash back at anytime for a statement
credit. You must apply by Sep 5, 2022 and this offer is not available for Quebec
Minimum Income: $60,000 (individual) or $100,000 (household)
Scotiabank Gold American Express Card – 40,000 Scene+ Points (Apply here)
Welcome offer cash back value: $268
This card is offering up to 60,000 bonus Scene+ points when you spend $7,500 in the first year of having in. The card
does come with a first year annual fee waiver on the primary card and
allows to redeem for statement credits via the Scene+ program. Those 40,000 points when redeemed for cash back are worth $268 (0.67 cents per point) You must apply by Oct 31, 2022
BMO CashBack World Elite Mastercard – 10% cash back on all purchases up to $2,600 (Apply here)
Welcome offer cash back value: $260
This
card is offering 10% cash back on your spending during the first
three months of having the card. The 10% earn rate applies to qualified
spend up to $2,600 (up to $500
qualified spend in grocery, up to $300 qualified spend in transit, up to
$300 qualified spend in gas and electric vehicle charging, up to $500
qualified spend in recurring bill payments, and up to $1000 qualified
spend on all other purchases. The card
does come with a first year annual fee waiver and the great thing with
this card is you can cash out at any time your balance is $1 or more.
Minimum Income: $80,000 (individual) or $150,000 (household)
CIBC Dividend® Visa Infinite* Card – 10% cash back on all purchases up to $2,500 (Apply here)
Welcome offer cash back value: $250
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 $2,500 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 and up to three additional cards. You can
cash out at anytime so long as your rewards balance is $25 or more.
Minimum Income: $60,000 (individual) or $100,000 (household)
6. CIBC Dividend® Visa Platinum* Card
10% cash back on purchases for the first 3 months (up to $2,500) plus your first year annual fee waived
Welcome offer cash back value: $250
7. Scotia Momentum® VISA* Infinite card
10% cash back on purchases for the first 3 months (up to $2,000) plus your first year annual fee waived
Welcome offer cash back value: $200
8. SimplyCash Card from American Express
4% cash back on purchases for the first 6 months (up to $5,000) No annual fee ever
Welcome offer cash back value: $200
9. RBC Avion Visa Infinite Card – 55,000 points
You’ll get 35,000 Welcome Points on approval and 20,000 bonus points when
you spend $5,000 in your first 6 months. Apply by September 16, 2022
Welcome offer cash back value: $199 ($319 – $120 annual fee)
10. American Express Cobalt Card – 30,000 points
In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card.
Welcome offer cash back value: $144 ($300 – $155.88 annual fee)
Disclaimers:
American Express is not responsible for maintaining
or monitoring the accuracy of information on this website. For full
details and current product information click the Apply now link.
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For complete and current information on any TD product, please click the
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