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Top Cash Back Credit Card Offers for February 2019

Most of the current offers are still carried over from last year. I hope that a strong cash back market will put pressure on airlines and hotels to step up their relationship with credit card companies.

Note that several promotions are coming to an end by the end of the month, including the impressive 10% cash back Scotia Momentum Visa Infinite Card on ALL purchases (see details below). It is possible that they may extend the offer, but if you do not want to take a chance, you will want to jump on it now.

Otherwise, the Simplii Financial Cash Back Visa Card also offers 10% cash back, but only on restaurant and bars purchases.

Keep in mind that we also have an going Top Cash Back Credit Cards page which consists of permanent and temporary offers, while this post focuses on temporary offers only. I have broken down the temporary offers into two categories.

Limited Time with No End Date

Simplii Financial Cash Back Visa Card

  • No annual fee
  • Earn 10% cash back on restaurants and bars (up to $500 in spending or within the first 4 months) 
  • Earn 4% cash back on restaurants and bars (after the 10% bonus offer expires)
  • Earn 1.5% cash back on gas, groceries, drugstore purchases and pre-authorized payments
  • Earn 0.5% cash back on all other purchases

This offer may be withdrawn or changed without prior notice at any time.

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%.

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
  • Available to Ontario residents only

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

Limited Time with an End Date

BMO CashBack MasterCard

  • No annual fee
  • Earn 5% cash back on all purchases (for the first 4 months, up to $2,000 in spending or $100 in cash back) (if you apply before November 30, 2019)
  • 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 5% cash back on all purchases (for the first 4 months, up to $2,000 in spending or $100 in cash back) (if you apply before November 30, 2019)
  • 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

Laurentian Bank Visa Dollars

  • $65 annual fee (receive 50% off if you apply before March 31, 2019)
  • No annual fee for a supplementary cardholder
  • Earn $25 cash back after the first purchase (after the first purchase within 60 days, if you apply before March 31, 2019)
  • Earn 3% cash back on pre-authorized debits
  • Earn 2% cash back on gas and grocery
  • Earn 1% cash back on all other purchases

Scotia Momentum Visa Infinite Card

  • $99 annual fee (first year fee waived if you apply before February 28, 2019)
  • $30 annual fee for a supplementary cardholder
  • Earn 10% cash back on first $2,000 in spending or within the first 3 months (whichever is completed first) (if you apply before February 28, 2019)
  • 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

CIBC Dividend Visa Platinum Card

  • $99 annual fee (waived for first time cardholders)
  • $30 annual fee for a supplementary cardholder (maximum 3 cards)
  • Receive 1 year free Amazon Prime (after spending $500 in the first 4 months, if you apply before February 28, 2019)
  • 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
  • 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 (waived for first time cardholders)
  • $30 annual fee for a supplementary cardholder (maximum 3 cards)
  • Receive 1 year free Amazon Prime (after spending $500 in the first 4 months, if you apply before February 28, 2019)
  • 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
  • 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.

TD Cash Back Visa Infinite Card

  • $120 annual fee
  • Earn 6% cash back on all purchases (for the first 3 months, up to $3,500 in spending or $210 in cash back) (if you apply before February 25, 2019)
  • Earn 3% cash back on gas, grocery and recurring bill payments
  • Earn 1% cash back on all other purchases

BMO CashBack World Elite MasterCard

  • $120 annual fee
  • Earn 5% cash back on all purchases (for the first 4 months, up to $4,000 in spending or $200 in cash back) (if you apply before November 30, 2019)
  • Earn 1.5% 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

Please let us know if you would like to see other types of monthly lists as or if we missed any credit cards in the comment section below!

In the meantime, feel free to check out our other two monthly lists:

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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