Top Cash Back Credit Card Sign Up offers for October

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

SimplyCash™ Preferred Card from American Express – 10% cash back on all purchases up to $4,000
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 

Apply here for the SimplyCash Preferred Card here

TD Cash Back Visa Infinite Card  – 10% cash back on all purchases up to $2,000 then 6% on $1,500 
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)

Apply here for the TD Cash Back Visa Infinite Card

 

This card is offering up to 40,000 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
Minimum Income: $12,000

Apply here for the Scotiabank Gold American Expres Card

 

BMO CashBack World Elite Mastercard – 10% cash back on purchases up to $2,600
Welcome offer cash back value: $260

This card is offering 10% cash back in your first 3 months up to a total of spend of $2,600. That spend must be broken down as follows: 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 $120 annual fee is waived in the first year as well. You can redeem for as little as $1 cash back which is one of the lowest in the market!
Minimum Income: $80,000 (individual) or $150,000 (household)

Click here to apply for the BMO CashBack World Elite Mastercard

 

CIBC Dividend® Visa Infinite* Card
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) 

Apply for the CIBC Dividend® Visa Infinite* Card here

 

 Here are the next 5 cards offering the best value:

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 Avion Rewards points when you spend $5,000 in the first six months. ($319 – $120 annual fee)
Welcome offer cash back value: $199

10. Tangerine Money-Back Credit Card / Tangerine World Mastercard®
15% cash back on purchases up to $1,000 in the first 2 months. No annual fee ever
Welcome offer cash back value: $150