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

Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of August  This is not a ‘best’ credit card list like our Top Cash Back Credit Card rankings but instead look at cards that have the best 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

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 August 2025:

 

American Express® Gold Rewards Card®

Welcome offer cash back value: $400

While technically a travel rewards card, the best offer of the year welcome bonus of up to 90,000 points when converted to cash back statement credits has the Amex Gold take the top spot in cash back welcome bonus value.

You’ll earn 5,000 points after you spend $1,000 on your Card in each monthly billing period in your first 12 months of Cardmembership. This could add up to 60,000 points in a year. Plus, earn  an additional 30,000 points after you spend a total of $20,000 on your Card in your first 12 months of Cardmembership.

Those 90,000 points are worth $900 in cash back statement credits, two years of annual fees of $250 each year and you get the $400 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. Conditions Apply. Offer effective as of April 30, 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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BMO CashBack® World Elite®* Mastercard®*

Welcome offer cash back value: $335

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.

You can also earn an additional $75 cash back bonus when you spend $25,000 in your first year.

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

Click here to apply for the BMO CashBak World Elite Mastercard

 

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Scotiabank Gold American Express Card

Welcome offer cash back value: $335

Welcome offer: Earn up to 50,000 bonus Scene+ points¹ and pay no annual fee in your first year. Offer ends Oct 31, 2025,

The bonus is broken down as 30,000 bonus Scene+ Rewards points by making at least $2,000 in everyday eligible purchases in your first 3 months and then an additional 20,000 bonus Scene+ Rewards points when you spend $7,500 within your first 12 months. As it is offered free in the first year and you can earn the second half of the bonus sooner than 12 months you could use the full amount of 50,000 points to get $335 in cash back statement credits.

Minimum Income: $12,000

Click here to apply for the Scotiabank Gold American Express Card

 

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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

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

 

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 Here are the next 5 cards offering the best value:

6. TD First Class Travel^® Visa Infinite* Card
Up to 85,000 TD Rewards Points  plus your first year annual fee waived
Welcome offer cash back value: $212.50

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. RBC Cash Back Preferred World Elite MasterCard
Get 12% cash back for the first 3 months on up to $2,000 in total purchases ^ Apply by August 26, 2025.
Welcome offer cash back value: $141

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®
Earn 20,000 bonus points after you make $2,000 or more in eligible purchases within the first 90 days of your account opening.
and 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