Top 5 Cash Back Credit Card Sign Up offers for June - These cards provide the best value out of their welcome bonuses

Welcome to a new monthly feature here on the Rewards Canada blog - The Top 5 Cash Back Credit Card Sign Up offers. This feature is pretty much the same as the Rewards Canada Top 5 Credit Card Sign Up offers that we been posting for travel rewards cards for the better part of four or more years! 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. This month we see all five of the cards offering the first year free.

Here are our top 5 cash back credit card sign up offers for June (in alphabetical order for this first month since 4 out of the 5 cards are pretty much the same offer!)

BMO CashBack World Elite Mastercard  - 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200

This card is offering 10% cash back on all spending during the first three months of having the card. The 10% is capped at $2,000 of spending for a maximum return of $200 cash back as your welcome bonus. The card does come with a first year annual fee waiver on the primary card and allows to redeem as little as $1 cash back at anytime for a statement credit.
Minimum Income: $80,000 (individual) or $150,000 (household)

 

OFFER EXPIRED - CIBC Dividend® Visa Infinite* Card - 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200

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 $2,000 of spending for a maximum return of $200 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. Cash back on this card is awarded once per year as a statement credit. Minimum Income: $60,000 (individual) or $100,000 (household)

 

ManulifeMONEY+ Visa  Infinite  - 10% cash back on grocery purchases up to $2,500 (Apply here)
Welcome offer cash back value: $250

This card is offering 10% cash back on grocery spending during the first three months 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. Cash back on this card is awarded quarterly as a statement credit.
Minimum Income: $60,000 (individual) or $100,000 (household)

 

Scotia Momentum® VISA* Infinite card - 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200

This card is offering 10% cash back on all spending during the first three months of having the card. The 10% is capped at $2,000 of spending for a maximum return of $200 cash back as your welcome bonus. The card does come with a first year annual fee waiver on the primary card and additional cards. Cash back on this card is awarded once per year as a statement credit. This limited time offer ends July 1, 2020.
Minimum Income: $60,000 (individual) or $100,000 (household)

 

TD Cash Back Visa Infinite* Card - 10% cash back on all purchases up to $2,000 (Apply here)
Welcome offer cash back value: $200

This card is offering 10% cash back on all spending during the first three months of having the card. The 10% is capped at $2,000 of spending for a maximum return of $200 cash back as your welcome bonus. The card does come with a first year annual fee waiver on the primary card and the first additional card. Cash back on this card can be redeemed at anytime for a statement credit as long as your cash back rewards balance is $25. This limited time offer ends September 8, 2020.
Minimum Income: $60,000 (individual) or $100,000 (household)

 

Between these five cards there is over $1,000 in cash back welcome bonus rewards! However even if you only take on one or two you are helping your finances at no cost other than regular credit card spend. We don't really recommend getting all five in one month unless you know you can meet the minimum spend for them all at once, rather you'd want to pick one or two right now, perhaps another next month and so on.

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