The Best Cash Back Credit Card Welcome Bonus Offers for January 2025

Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of January. This is not a ‘best’ credit card list like our Top Cash Back Credit Card rankings but instead look at cards that have very good cash back welcome bonus sign up offers. This list includes cards that may not be considered as your typical cash back cards but have cash back rewards as part of their offerings.

Recommended reading: The Best Travel Credit Card Welcome Bonus Offers for January 2025

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.

The Best Cash Back Credit Card Sign Up offers for January 2025:

 

 

American Express® Gold Rewards Card®

Welcome offer cash back value: $350

While technically a travel rewards card, the welcome bonus of 60,000 points when converted to cash back statement credits has the Amex Gold tie for top spot in cash back welcome bonus value.

The 60,000 points are awarded as 5,000 Membership Rewards® points for each monthly billing period in which you spend $1,000 in net purchases on your Card in the first year. Those 60,000 points are worth $600 in cash back statement credits, less an annual fee of $250 and you get the $350 in value.

Minimum Income: No minimum income requirement

Apply here for the American Express Gold Rewards Card

 

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TD Cash Back Visa Infinite Card

Welcome offer cash back value: $350

This card ties for top spot by offering 10% cash back on a total spend of $3,500 in Gas Purchases, Grocery Purchases and Pre-Authorized Payments in the first three months. The card does come with a first year annual fee rebate on the primary card and allows to redeem as little as $25 cash back at anytime for a statement credit. Account must be approved by January 6, 2025. This offer is not available to customers in Quebec.

Minimum Income: $60,000 (individual) or $100,000 (household)

Apply here for the TD Cash Back Visa Infinite Card

 

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TD First Class Travel^® Visa Infinite* Card

 Up to 135,000 TD Rewards points. Min. value: $337.50

Earn up to $1,000 in value†, including up to 135,000 TD Rewards Points, no Annual Fee for the first year† and additional travel benefits.  Account must be approved by January 6, 2025,

You earn 20,000 TD Rewards points when you make your first purchase with your new card and 115,000 more points when you spend $5,000 in the first 180 days. Those 135,000 TD Rewards Points are worth $337.50 when using them for a cash back statement credit option.

Minimum Income: $60,000 (individual) or $100,000 (household)

Click here to apply for the TD First Class Visa Infinite Card

 

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BMO CashBack® World Elite®* Mastercard®*

Welcome offer cash back value: $260

Welcome offer: Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first anniversary*,

The cash bonus is awarded as a 10% earn rate on 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.

Minimum Income: $80,000 (individual) or $150,000 (household)

Click here to apply for the BMO CashBak World Elite Mastercard

 

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Get a first-year annual fee rebate for you and up to three Authorized Users† and earn 10% cash back for the first 4 statements on net purchases of up to $2,500†. This works out to $250 in cash back value

Minimum Income: $60,000 (individual) or $100,000 (household)

Click here to apply for the CIBC Dividend® Visa Infinite* Card

 

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 Here are the next 5 cards offering the best value:

6. CIBC Dividend® Platinum* Visa Card
10% cash back for the first three months on up to $2,500 of spending 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. Scotiabank Gold American Express Card
Earn 20,000 bonus Scene+ Rewards points by making at least $2,000 in everyday eligible purchases in your first 3 months and earn 20,000 bonus Scene+ Rewards points when you spend $7,500 within your first 12 months
Welcome offer cash back value: $148

9.  Scotiabank®* Platinum American Express® Card
Earn 60,000 bonus Scene+ points by making at least $3,000 in everyday eligible purchases in your first 3 months and earn a 20,000 Scene+ point bonus when you spend at least $10,000 in everyday eligible purchases in your first 14 months.
Welcome offer cash back value: $137

10. MBNA Rewards World Elite® Mastercard
Receive 20,000 bonus points after you make $2,000 or more in eligible purchases within the first 90 days of your account opening.. Then earn 10,000 bonus points once enrolled for paperless e-statements within the first 90 days of account opening.
Welcome offer cash back value: $129

 

Originally posted on May 2, 2024 @ 2:00 pm