Top Cash Back Credit Card Offers for January 2018

Very little has changed over the last 2 months as the current cash back offers are still good for a while.

Though keep in mind that we also have a Top Cash Back Credit Cards page. The difference is that the main page focuses on any (permanent or temporary offers), while this post focuses on temporary offers only.

Note that we also have two other types of recent monthly lists going on:

• Best Current First Year Fee Waived Cards
• Top Higher than Normal Sigh Up Bonus Offers

Please let us know in the comment section below if you would like to see other types of monthly lists as well!

For this post, I listed the credit cards based on their annual fees.

BMO CashBack MasterCard

• No annual fee
• Earn 4% cash back on the first 4 months (up to $3,125 in spending or $125 in cash back) (if you apply before October 31, 2018)
• Earn 1% cash back on all other purchases
• Receive cash back: (1) direct deposit into a BMO chequing, savings or InvestorLine account; or (2) a statement credit
• Redeem: (1) annually; (2) when a recurring amount has accumulated a minimum of $50 and in increments of $10; or (3) a one-time lump sum with a minimum of $50 and in increments of $10

BMO SPC CashBack MasterCard

• No annual fee
• Earn 4% cash back on the first 4 months (up to $3,125 in spending or $125 in cash back) (if you apply before October 31, 2018)
• Earn 1% cash back on all purchases
• Receive cash back through a: (1) direct deposit into a BMO chequing, savings or InvestorLine account; or (2) statement credit
• Redeem: (1) annually; (2) when a recurring amount has accumulated a minimum of $50 and in increments of $10; or (3) a one-time lump sum with a minimum of $50 and in increments of $10

Scotia Momentum Visa Infinite Card

• $99 annual fee (first year fee waived if you apply before February 28, 2018)
• $30 annual fee for a supplementary cardholder
• Earn 5% cash back on the first $3,000 or the first 3 months (whichever comes first) (if you apply before February 28, 2018)
• Earn 4% cash back for every $1 spent on gas and grocery purchases
• Earn 2% cash back for every $1 spent on drug store purchases and recurring bill payments
• Earn 1% cash back for every $1 spent on all other purchases
• Receive cash back through a: (1) direct deposit into a Scotiabank banking account; or (2) statement credit
• Redeemed automatically every November monthly statement

CIBC Dividend Visa Platinum Card

• $99 annual fee for first time cardholders (first year fee waived if you apply before February 28, 2018)
• $30 annual fee for a supplementary cardholder (maximum 3 cards)
• Earn 4% cash back on the first 4 months (up to $5,000 in spending or $200 in cash back) (if you apply before February 28, 2018)
• Earn 4% cash back on gas and grocery purchases
• Earn 2% cash back on Tim Hortons and TELUS purchases
• Earn 1% cash back on all other purchases
• Redeem as a statement credit
• Cash back awarded automatically on the December statement

Note, the 4% and 2% cash back are on the first $80,000 in total purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, TELUS or Tim Hortons purchases on your account, whichever comes first.

CIBC Dividend Visa Infinite Card

• $99 annual fee for first time cardholders (first year fee waived if you apply before February 28, 2018)
• $30 annual fee for a supplementary cardholder (maximum 3 cards)
• Earn 4% cash back on the first 4 months (up to $5,000 in spending or $200 in cash back) (if you apply before February 28, 2018)
• Earn 4% cash back on gas and grocery purchases
• Earn 2% cash back on Tim Hortons and TELUS purchases
• Earn 1% cash back on all other purchases
• Redeem as a statement credit
• Cash back awarded automatically on the December statement

Note, the 4% and 2% cash back are on the first $80,000 in total purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on gas, grocery, TELUS or Tim Hortons purchases on your account, whichever comes first.

Meridian Visa Infinite Cash Back Card

• $99 annual fee (first year fee waived for a limited time)
• $30 annual fee for supplementary cardholders
• Earn 4% cash back on gas and grocery store purchases (on the first $25,000 in purchases, then 1% for all other purchases)
• Earn 2% pharmacy purchases and utility bill payments (on the first $25,000 in purchases, then 1% for all other purchases)
• Earn 1% cash back on all other purchases
• Require either $60,000 annual personal income or $100,000 annual household income
• Cash back awarded as an account credit

There is no specified end date for the first year fee waived, but it does say that it is limited time only:

• First year free is a limited time offer and is activated after the first transaction. Annual fee will appear on initial statement and a credit will be applied on the second statement following the transaction. Meridian reserves the right to modify or withdraw this offer at any time without prior notice. 

RBC Cash Back Preferred World Elite MasterCard

• $99 annual fee
• No annual fee for a supplementary cardholder
• Earn 1.75% cash back for the first 6 months (could be limited time)
• Earn 1.5% cash back on all other purchases thereafter

There does not seem to be an expiry date on the 1.75% cash back bonus. However, on the main RBC website, it still shows that you can only earn 1.5%. Because it is a special link only, I am uncertain how long it will be available for.

BMO CashBack World Elite MasterCard

• $120 annual fee
• Earn 4% cash back on all purchases in the first 4 months (up to $6,250 in spending or $250 in cash back) (if you apply before October 31, 2018)
• Earn 1.75% cash back on all purchases
• Receive cash back: (1) direct deposit into a BMO chequing, savings or InvestorLine account; or (2) a statement credit
• Redeem: (1) annually; (2) when a recurring amount has accumulated a minimum of $50 and in increments of $10; or (3) a one-time lump sum with a minimum of $50 and in increments of $10

Laurentian Bank Visa Infinite

• $130 annual fee (earn cash back worth the first year fee if you apply before January 31, 2018 and spend $1,000 in the first 50 days)
• $50 annual fee for each supplementary cardholder
• Earn 3 points for every $1 spent on recurring bill payments (e.g. telephone, cable TV, Internet, newspaper, etc.)
• Earn 2 points for every $1 spent on grocery, gas, transportation, travel and foreign currency purchases
• Earn 1 point for every $1 spent on all other purchases
• *Note that every 1 point is worth 1 cent of cash back.

Please let us know if we missed any credit cards in the comment section below!