Sunday, September 11, 2022

Top Cash Back Credit Card Sign Up offers for September - These cards provide the most cash back out of their welcome bonuses


Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of September 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:

American Express Gold Rewards Card - Up to 70,000 points (Apply Here)
Welcome offer cash back value: $450
($700 - $250 annual fee)
This card is offering up to 70,000 Membership Rewards Points. That bonus is awarded as 50,000 points when you charge $3,000 in purchases to your Card in your first 3 months of Cardmembership. Then you can also earn a total of 10 points for every $1 on eligible eats & drinks purchases for the first 3 months of Cardmembership (up to 20,000 points). 70,000 is worth $700 in cash back, subtract the $250 annual fee and you have $450 in cash back value. You can redeem for cash back anytime you have a balance of 1,000 points or more.
Minimum Income: N/A

The Platinum Card from American Express - Up to 110,000 points (Apply here)
Welcome offer cash back value: $401 ($1,100 - $699 annual fee)
This card is offering up to 110,000 Membership Rewards Points. That bonus is awarded as 90,000 Welcome Bonus points after you charge $6,000 in net purchases to your Card in your first 3 months of Cardmembership. Then you can earn  10 points for every $1 on eligible eats & drinks purchases for the first 3 months of Cardmembership (up to 20,000 points). 110,000 is worth $1,100 in cash back, subtract the $699 annual fee and you have $401 in cash back value. You can redeem for cash back anytime you have a balance of 1,000 points or more.
Minimum Income: N/A

SimplyCash™ Preferred Card from American Express - 10% cash back on all purchases up to $4,000 (Apply here)
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 

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


This card is offering up to 60,000 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

 
 
6. BMO CashBack World Elite Mastercard
    10% cash back on purchases for the first 3 months (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. 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


Disclaimers:
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