Casino Rewards $5 Deposit Bonuses

Casino Rewards is a 29-member casino group that is increasingly becoming a benchmark in the gambling world in Canada. Part of the reason lies in the quality and security of the casinos, as well as their attractive and exclusive offers. In this article, we will focus on promotions dedicated to those on a tight budget, especially on the Casino Rewards 5-dollar deposit bonus available at Captain Cooks.
Written by
Steve Madson
Updated
Aug 2, 2024
Checked by
Nina Winston

Top $5 Deposit Casino in Canada

#
Rating
Bonus
Features
Play
1
Rating
5 /5
Read review
Up to C$475 + 100 FS
on Mega Money Wheels
T&Cs apply
  • Min Deposit is C$5
  • Certified by eCOGRA
  • Weekly bonus offers
Read review
  • Fully Licensed
  • The Best Online Casino Loyalty Program
  • Secure Transactions
Established
2000
Licence
Kahnawake Gaming Commission, MGA, UKGC
Total Games
550+
  • Visa
  • Mastercard
  • Interac
  • payz
  • Paysafecard
  • Muchbetter
  • Bitcoin
  • Bitcoin Cash (BCH)
  • eCheck
  • Ethereum (ETH)
  • Flexepin
  • Google Pay
  • Instadebit
  • JCB
  • Litecoin (LTC)
  • Neosurf
  • Tether (USDT)

How Do the Casino Rewards $5 Deposit Offers Work?

The Casino Rewards $5 Deposit offer on Captain Cooks is part of the complex welcome bonus dedicated to users who register at this casino for the first time. Among the several Casino Rewards bonus offers, this is the most suitable one for those with a small budget of only $5. In short, it gives the chance to become a millionaire to those who make a first deposit of $5, allowing as many as 100 free spins on Mega Money Wheel, a slot produced by Buck Stakes Entertainment and best known for its substantial jackpots. 

As we will see later, winning real money is difficult due to the strict wagering terms. However, this is only a small part of Captain Cook’s welcome offer. The subsequent four deposits are, in fact, also qualifying and allow you to get, with a minimum deposit of $10, match bonuses ranging from 25% to 100%, up to a maximum of $100-150 each time.

In short, this gambling platform’s focus on conquering new users is very strong. In a competitive market like gambling, though, it could not be otherwise. In the next section, we will see what steps you need to take to obtain these bonuses. 

Receive Your $5 Deposit Bonus Instantly

Receiving the free spins linked to the $5 deposit is quite simple. Here’s how to do it in our step-by-step guide:

  1. Step 1 Visit the official website

    Head over to Captain Cooks’s official website. You can do that by consulting the list of $5 deposit casinos that are part of Casino Rewards or searching for it on your browser.

  2. Step 2 Start the registration process

    This bonus can only be obtained by new users. To do so, click on the red button “Click Here To Play Now” in the center of the homepage.

  3. Step 3 Enter your personal data

    In the first form that appears, enter your first name, last name, and email address. Then, in the second form, enter your birthdate and gender. After that, pick a strong password and enter your phone number.

  4. Step 4 Activate the bonus

    When you enter your phone number, you must click a welcome bonus sign-up button to confirm that you are old enough to play. 

  5. Step 5 Make your first deposit

    Your bonus is active, but you must make your first deposit to find it on your account. Click on the casino’s banking section and choose your favorite payment method. Insert the amount you want to deposit (at least $5) and receive the bonus.

  6. Step 6 Start playing

    Now that you have your bonus, you can start playing with the 100 free spins on the Mega Money Wheel. Good luck!

Facts about Casino Rewards 5 Dollar Deposit

Deposit $5
Get 100 Chances

When discovering a new bonus, it is crucial to know all the details before depositing your money and activating it. First, it is essential to learn everything about the wagering terms attached to the bonus itself, but you must also make sure that the payment methods match your preferences. Finally, check which games the bonus can be used on and if your favorite ones are among them. In this section, we will analyze these points individually and add some tips on making the most of your bonus. 

Wagering Terms

Wagering terms are critical to understanding whether a bonus is convenient. Bonuses involving free spins usually work like this: winnings from free spins must be wagered several times before they can be withdrawn. Regarding the free spins linked to the $5 deposit Casino Rewards on Captain Cooks, we do not have good news: the wagering requirements are as high as 200x.

Let’s make a concrete example to explain what this means. Imagine you win $10 with your 100 free spins on the Mega Money Wheel. That is a realistic winning. At this point, before withdrawing the money, you would have to wager as much as $2000 ($10 x 200)! In short, meeting the wagering requirements will take work. But, with a bit of luck, anything is possible.

Strategies to Boost Your Bonus

When it comes to giving some advice regarding how to boost your bonus, there is little to be said for the 100 free spins: you are obliged to use them on Mega Money Wheel, and you will need to cross your fingers and hope for a bit of luck. On the other hand, thanks to the free spins, you can start using some strategies after you have won some money. At this point, the goal will become to meet the strict wagering terms. 

Let us imagine that we have won $10 and have to bet as much as $2000 to turn it into real money we can withdraw. How do you do that, starting with such a low amount? We advise beginning with small bets of $1 at a time or less and playing on slots with high RTP and low volatility. This way, achieving frequent, albeit low, winnings will be easier. 

When our bankroll starts to increase, we can start doubling the bets. If we keep wagering $1 at a time, we would have to spin the reels 2000 times before we could withdraw our winnings. At this point, it’s better to bet on luck and start betting $5, $10, and later even $20 or $50 each time. This way, we can hopefully reach the $2000 bet faster than expected. At that point, any winnings will be ours alone.

Banking Options for Players from Canada

Imagine meeting the wagering terms only to discover that the payment method you usually use is not among those available. At that point, withdrawing your hefty winnings might be difficult. For this reason, it is always best to find out first what payment options are available to Canadian players.

First, let us specify that the $5 minimum deposit casino bonus on Captain Cooks does not require a specific payment method. Any of the casino’s banking options, ranging from classic credit cards to bank transfers, from some e-wallets to cryptocurrencies, can be used. Let’s see in the table what all the available options are. 

ServiceMinimum DepositMinimum WithdrawalPayout Time
Credit and debit cards$5$503-5 business days
Interac$5$501-3 business days
Paysafecard$5Not availableNot available
Much Better$5$501-3 business days
Google Pay$5Not availableNot available
Neosurf$5$501-3 business days
Flexepin$5Not availableNot available
Payz$5$501-3 business days
Cryptocurrencies$5$501-3 business days

Casino Games for Free Spins

Regarding games, Casino Rewards partners in Canada have loads of options. In particular, they have an incredible amount of Microgaming Casino games thanks to a partnership with this iconic software provider. However, if we talk specifically about the offer of Captain Cooks, the 100 free spins available can only be used on Mega Money Wheel by Buck Stakes Entertainment. This is an excellent slot machine with a fixed jackpot of one million dollars and doesn’t only promise big winnings but a lot of fun, too. 

# Name RTP Paylines Provider Casino
#1

Mega Money Wheel

Payout ratio
94.00%
Profit Lines
1 Fix

Comparing Casino Rewards 5$ Bonuses

How does the Captain Cooks offer fit into the more general context of Casino Rewards bonuses? Are there other similar promos such as Casino Rewards 1 dollar deposit offers? When analyzing the casino group’s website, we see many welcome offers, each with specific characteristics. 

For example, Zodiac Casino allows 80 free spins with just a $1 deposit, while Grand Mondial Casino and Cosmo Casino offer 150 free spins with a $10 deposit. Besides, other online casinos offer no-deposit bonuses that allow players to play and win for free. However, this latter type of promotion is too different from the types of bonuses we are discussing. Instead, in the table below, we decided to compare the offer of 100 FS for $1 with the ones most similar to it. 

Online CasinoBonusDepositWagering terms
Captain Cooks100 Free Spins$5200x
Zodiac Casino80 Free Spins$1200x
Grand Mondial Casino150 Free Spins$10200x
Cosmo Casino150 Free Spins$10200x

TestCasinos’s Verdict

Overall, the $5 deposit offer by Casino Rewards member casino Captain Cooks is fairly interesting. It allows players to win a huge amount of money on Mega Money Wheel, a slot famous for its one-million jackpot, giving them up to 100 free spins. On the other hand, we found the terms and conditions to be a little discouraging. The wagering requirements of 200x make it almost impossible to withdraw the winnings.

Nevertheless, with a deposit so small, it can still be fun to enjoy the adrenaline of the slots and then to keep playing almost for free on many of the Microgaming games available on the website. 

Pros
  • A deposit as low as $5 is needed
  • 100 free spins mean 100 chances to win big
  • Several payment options are available
Cons
  • Discouraging wagering terms of 200x
  • Free spins are only available for Mega Money Wheel

Casino Rewards $5 Casino FAQs

Which Casino Rewards casinos provide $5 deposit bonuses?

There is only one 5$ deposit Casino Rewards casino. We are talking about Captain Cooks: its offer includes 100 free spins to be played on the Mega Money Wheel.

Are there any wagering terms for $5 deposit bonuses at Casino Rewards casinos?

Unfortunately, yes, and they are not so easy to overcome. Captain Cooks’ 100 FS offer, which is activated with a $5 deposit, has wagering terms of 200x. This means that if we win $10 with the free spins, we will later have to wager at least $2000!

Can I withdraw winnings obtained from a $5 min deposit bonus?

Of course, it is possible. However, with wagering terms as high as 200x, we will have to play and wager a lot before we can turn the bonus money into real money to withdraw to our bank account!

Are $5 deposit bonuses accessible to all players from Canada?

All players from Canada who have the minimum legal age to play can register on Casino Rewards platforms such as Captain Cooks and use the $5 deposit bonus.

What steps must I take to claim a $5 bonus at Casino Rewards casinos?

You only need to register by entering your data and your contact info. After that, just make a qualifying deposit of $5, and you will immediately receive 100 free spins to be used on the slot Mega Money Wheel on Captain Cooks.

steve
Steve Madson
Verified
Writer

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