Top Cash Back Credit Card Sign Up offers for January

Here are Rewards Canada’s Top 5 Cash Back Credit Card Sign Up offers for the month of January 2023. 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 welcome bonus value:

 

TD First Class Travel Visa Infinite Card

Welcome offer cash back value: $337.50

Technically a travel rewards card however the welcome bonus of 135,000 points when converted to cash back statement credits make this welcome bonus the best cash back offer right now. With a cash back value of 1/4 cent per point the 135,000 points are worth $337.50 and the card has no annual fee in the first year so you can enjoy the full value of the points. The bonus is awarded as 20,000 TD Rewards Points when you make your first purchase with your Card and 115,000 TD Rewards Points when you spend $5,000 within 180 days of account opening. You must apply by May 29, 2023 and this offer is not available for Quebec
Minimum Income: $60,000 (individual) or $100,000 (household)

Apply here for the TD First Class Travel Visa Infinite Card

 

This card is offering up to 45,000 bonus Scene+ points when you spend $7,500 in the first year of having it. 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 45,000 points when redeemed for cash back are worth $301.50 (0.67 cents per point) You must apply by Apr 30, 2023
Minimum Income: $12,000

Apply here for the Scotiabank Gold American Expres Card

 

TD Cash Back Visa Infinite Card

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 May 28, 2023  and this offer is not available for Quebec
Minimum Income: $60,000 (individual) or $100,000 (household)

Apply here for the TD Cash Back Visa Infinite Card

 

SimplyCash™ Preferred Card from American Express

Welcome offer cash back value: $280 ($400 – $119.88 annual fee)

During the first 10 months this card offers a $40 statement credit in each month you spend $750 or more. That can work out to $400 in statement credits. The annual fee is $119.88 hence the welcome bonus sign up value of $280 Cash back on this card is awarded once per year as a statement credit.
Minimum Income: N/A 

Apply here for the SimplyCash Preferred Card here

 

National Bank of Canada World Elite Mastercard

Welcome offer cash back value: $280

The new offer on this card sees 30,000 points awarded when you spend $5,000 on the card in the first three months. Then you can earn an additional 5,000 bonus points per month when you spend $1,000 a month on the card in the first 6 months. All told the 70,000 points are worth $280 in cash back statement credits and there is no annual fee on the card in the first year so you can enjoy the full value. This offer is only available until January 13, 2023
Minimum Income: $80,000 annual personal income or $150,000 annual household income

Apply for the National Bank of Canada World Elite Mastercard here

 

 Here are the next 5 cards offering the best value:

6. BMO CashBack World Elite Mastercard
10% cash back on purchases up to $2,600 plus your first year annual fee waived
Welcome offer cash back value: $260

7. CIBC Dividend® Visa Infinite* 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

8. 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

9. 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 

10. RBC Avion Visa Infinite
55,000 points when you spend $5,000 on the card in the first 6 months
Welcome offer cash back value: $199