BMO CashBack Business Mastercard vs BMO CashBack® World Elite®* Business Mastercard®*

¹ Welcome Offer: BMO CashBack World Elite Business Mastercard applications must be received between November 9, 2026 and December 14, 2027 (the “Offer Period”) to be eligible to receive the 15% cash back welcome bonus offer. The 15% earn rate applies to qualified spend up to $6,000 (up to $500 qualified spend on recurring bill payments, up to $500 qualified spend in gas and EV charging, up to $500 qualified spend in shipping, insurances, office supplies and telecommunication related purchases, and up to $4,500 qualified spend on all other purchases) (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the welcome offer period, with a maximum of $900 cash back. Please see details as follows:

• Gas and EV charging purchases: Receive 5% cash back on the first $500 spent on eligible gas and EV charging purchases (made at merchant locations in Canada classified by Mastercard’s “Merchant Category Code” as “Service Stations (With or without Ancillary Services)” MCC 5541 and “Automated Fuel Dispensers” MCC 5542 and “Electric Vehicle Charging” MCC 5552 and “Transportation Services: not elsewhere classified” MCC 4789) per billing cycle period and an additional 10% bonus cash back up to a maximum of $500 spent on all combined gas and EV charging purchases made at merchant locations in Canada in the first three (3) billing cycles. In total, you could earn up to $75 cash back from qualified gas and EV charging spend in the welcome offer period.
• Recurring Bill Payments: Receive 4% cash back on the first $500 spent on eligible recurring bill payments per billing cycle period and an additional 11% bonus cash back up to a maximum of $500 spent on all combined recurring bill payments made at merchant locations in Canada in the first three (3) billing cycles. In total, you could earn up to $75 cash back from qualified recurring bill payments in the welcome offer period. To qualify, purchases must be made through merchant locations in Canada classified by Mastercard’s “Merchant Category Code” within one of the following MCC codes: 5968, 4900, 7997, 6300 & 5969. BMO (“Bank of Montreal”) cannot guarantee that any merchant offering recurring payments is classified under the applicable MCC codes and in no event will BMO be liable or responsible for any claims with respect to a recurring bill payment made at a merchant that is not classified under the applicable MCC codes. Please check with your merchant to see if your recurring payment qualifies.
• Shipping, Insurance, Office Supplies, and Telecommunications: Receive 3% cash back on the first $500 spent on eligible shipping, insurances, office supplies, and telecommunication purchases made at merchant locations in Canada per billing cycle period and an additional 12% bonus cash back up to a maximum of $500 spent on all combined purchases made in the first three (3) billing cycles. In total, you could earn up to $75 cash back from qualified shipping, insurances, office supplies, and telecommunication purchases in the welcome offer period. Purchases must be made through merchant locations in Canada classified by Mastercard’s “Merchant Category Code” within one of the following MCC codes: 4214, 4215, 9402, 6300, 9399, 7339, 5111, 5943, 4812, 4814 & 4816.
• All other purchases: Receive 1.25% cash back on purchases and an additional 13.75% bonus cash back up to a maximum of $4,500 spent in the first three (3) billing cycles. In total, you could earn up to $675 cash back from qualified purchases.
• The 15% bonus cash back offer is limited to new BMO CashBack World Elite Business Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. If you cancel your card within ninety (90) days from the date your account is opened, all CashBack Rewards earned within that period will be cancelled. This offer may be withdrawn or changed without notice.

The primary cardholder’s annual fee of $175 will be rebated in the first year and will appear as a fee and a credit on the primary cardholder’s first statement. The primary cardholder’s annual card fee applies after the first year and will appear on your account statement twelve (12) months after the account open date. Your credit card account must be open and in Good Standing at the time the annual card fee rebate is awarded. If an additional cardholder is added to the account within the first year, the Additional Card annual fee of $75 per card will be charged at a prorated rate and will not be waived or rebated.

² Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include balance transfers, cash-like transactions and Mastercard cheques. Visit bmo.com/yourbiz for current rates and fees; call the Customer Contact Centre at 1-844-385-5055 or visit your branch.

³ Earn 5% cash back on Gas and EV charging purchases made at merchant locations in Canada up to a maximum of $1,000 spent per statement cycle period. The 5% cash back includes the base earn rate of 1.25% cash back for card purchases (“Base Rewards”) and the bonus of 3.75% cash back for Gas and EV charging purchases (“Bonus Rewards”). To earn Bonus Rewards, purchases must be made through merchant locations in Canada classified by Mastercard’s “Merchant Category Code” as “Service Stations” (MCC 5541), “Automated Fuel Dispenser” (MCC 5542), “Electric Vehicle Charging” (MCC 5552) or “Transportation Services not elsewhere classified” (4789).

⁴ Earn 4% cash back on recurring bill payments made at merchant locations in Canada up to a maximum of $1,000 spent per statement cycle period. The 4% cash back includes the base earn rate of 1.25% cash back for card purchases (“Base Rewards”) and the bonus of 2.75% cash back for recurring bill payments made at merchant locations in Canada (“Bonus Rewards”). Recurring bill payments are defined as payments on a monthly or regular basis, and which are automatically billed by the merchant to your BMO CashBack World Elite Business Mastercard. Not all merchants offer recurring payments, and not all ongoing payments will be considered “recurring bill payments” and therefore may not earn Bonus Rewards. To earn Bonus Rewards, purchases must be made through merchant locations in Canada classified by Mastercard’s “Merchant Category Code” within one of the following MCC codes: 5968, 4900, 7997, 6300 & 5969. BMO (“Bank of Montreal”) cannot guarantee that any merchant offering recurring payments is classified under the applicable MCC codes and in no event will BMO be liable or responsible for any claims with respect to a recurring bill payment made at a merchant that is not classified under the applicable MCC codes. Please check with your merchant to see if your recurring payment qualifies.

⁵ Earn 3% cash back on shipping, insurances, office supplies, and telecommunication purchases made at merchant locations in Canada up to a maximum of $1,000 spent per statement cycle period. The 3% cash back includes the base earn rate of 1.25% cash back for card purchases (“Base Rewards”) and the bonus of 1.75% cash back for shipping, insurances, office supplies, and telecommunication purchases (“Bonus Rewards”). To earn Bonus Rewards, purchases must be made through merchant locations in Canada classified by Mastercard’s “Merchant Category Code” within one of the following MCC codes: 4214, 4215, 9402, 6300, 9399, 7339, 5111, 5943, 4812, 4814 & 4816.

⁶ Purchases made in all categories listed in footnotes 3, 4 and 5 after the first $1,000 per cycle will earn at the base rate of 1.25%. All other purchases made outside these categories will earn a 1.25% base rate of CashBack rewards, without limit. CashBack rewards earned are cumulative over the statement period. Award of CashBack rewards is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, payments, credit or debit adjustments) and is subject to the BMO CashBack Rewards Terms and Conditions for the BMO Business CashBack Mastercard. The number of cash back rewards will be rounded down to the nearest cent.

⁷ A maximum of 22 additional employee cards can be added to a primary cardholder’s account. Employee cards have an annual fee of $75 for every additional cardholder added to the account. Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include balance transfers, cash-like transactions and Mastercard cheques. Visit bmo.com/yourbiz for current rates and fees; call the Customer Contact Centre at 1-844-385-5055 or visit your branch.

⁸ The name, language preference, and email address of the owner (and co-owner, as applicable) will be shared with Maple, so that Maple can send the owner(s) an email invitation to create their Maple account for access to 5 free virtual care visits (you can choose to connect with a doctor in minutes). Registration is optional. Maple is a Canadian virtual care provider offering access to online doctors, virtual healthcare & prescriptions in Canada. You are providing consent to share this information with Maple if your application is approved. For more information about Maple, visit: getmaple.ca/bmo-cards. Maple’s physicians, nurse practitioners, and allied healthcare professionals are Canadian licensed and practice in their respective fields right here in Canada. If a cardholder is outside of their province of residence or abroad, they can still access their visits on Maple and connect with these professionals. For an additional fee, Maple also offers access to a wide variety of specialists such as dermatologists, and endocrinologists. For additional information about the terms and conditions, visit getmaple.ca/terms. The primary cardholder and a co-owner (if applicable) on the BMO CashBack World Elite Business Mastercard credit card account will each receive an onboarding email from Maple within the first 14 days the account is opened. The primary cardholder and co-owner must register through this email invite in order to access their covered visits and are subject to the terms provided by Maple for use of its services. So long as BMO offers eligible cardholders access to this benefit, the 5 covered visits will renew every calendar year (January to December). If the credit card account is closed, the primary cardholder and co-owner forfeit any covered visits that have not been used.

⁹ Mastercard Travel Pass benefit includes membership to participating lounges within the Mastercard Travel Pass provided by DragonPass program, approximate membership value of US$68. Enjoy lounge access for a fee of just US$32 per person, per visit. Mastercard Travel Pass provided by DragonPass is a worldwide program run by DragonPass International Ltd. This benefit will be available to all cardholders of a BMO CashBack World Elite Business Mastercard (“eligible cardholders”). Eligible cardholders are required to comply with the Conditions of Use available online at mastercardtravelpass.dragonpass.com or on the Mastercard Travel Pass mobile application, as well as any additional terms and conditions applicable to the lounge or offer being used by the eligible cardholder. The Conditions of Use are subject to change from time to time without notice to Issuer or the eligible cardholders. Eligible cardholders wishing to access a participating lounge must present their Mastercard Travel Pass mobile app or membership document showing the QR code and DragonPass membership number to the lounge receptionist and reference “Mastercard Travel Pass provided by DragonPass.” Some offers may be subject to a per-person, per-visit charge. Where applicable and dependent upon the offer, access charges, including those for an accompanying guest, may be charged to your credit card. Value and benefits of the Mastercard Travel Pass complimentary membership are subject to change without notice.

¹⁰ With the BMO World Elite Business Mastercards, you will receive a free membership of the Dominion Automobile Association and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and the features of the plan are described in the Certificate that you will receive. DAA requires BMO to provide any information reasonably required for the sole purpose of confirming that you are covered by the Program.

¹¹ Insurance benefits are subject to specific terms and conditions, including limitations, exclusions and other important information contained in the Certificate of Insurance that is sent to new cardholders. Insurance coverages are provided by CUMIS General Insurance Company and administered by Allianz Global Assistance. Allianz Global Assistance is a registered business name of AZGA Service Canada Inc. and/or its subsidiaries doing business as Allianz Global Assistance. For questions contact Allianz Global Assistance Canada at 1-877-704-0341 or visit www.allianz-assistance.ca. Out-of-Province/Country Emergency Medical Insurance covers up to $5,000,000 per insured person, per trip, for the first eight (8) consecutive days of each trip, if you are age sixty-four (64) or under on your departure date. Car Rental Collision/Loss Damage Insurance covers rental periods of up to forty-eight (48) consecutive days and rental cars with an MSRP of up to $65,000. Common Carrier Insurance covers up to $500,000 per insured person. Flight Delay Insurance covers up to $500 per trip for all insured persons combined for a delay of more than four (4) hours. Baggage Insurance covers lost, stolen or damaged baggage up to $500 per insured person to a maximum of $1,000 per trip, and baggage delayed more than six (6) hours up to $500 per insured person per trip, to a maximum of $2,000 per insured person per calendar year. Hotel Burglary Insurance covers up to $1,000 per occurrence for all insured persons combined. Purchase Security covers eligible items for ninety (90) days from the date of purchase, and Extended Warranty doubles the original manufacturer’s warranty to a maximum extension of one (1) year.

¹² Please refer to your BMO Business Mastercard Account Agreement for more information.

¹³ Please visit mastercardamericas-smb.myidentityprotectiononline.com/enroll/home to access Mastercard ID Theft Protection for Small Business and for a full list of Terms & Conditions. Please visit mcr.riskrecon.com/card-benefit to access My Cyber Risk and for a full list of Terms & Conditions.

¹⁴ Canadian BMO credit cardholders using Eligible BMO Credit Cards who elect to pre-pay may be eligible for a discount of up to thirty percent (30%) off the lowest available discountable Time and Mileage retail rates when the applicable BMO Avis Worldwide Discount (AWD) # C516800 is entered at the time of booking and up to thirty-five percent (35%) off the lowest available discountable Time and Mileage retail rates when the applicable BMO Budget Customer Discount (BCD) # B021100 is entered at the time of booking, where offered, and subject to location, vehicle type, and availability. Discounts are determined by Avis or Budget and may change without notice, if you have any questions regarding rates and discounts, please contact Avis or Budget directly. BMO and Avis and Budget reserve the right to terminate the offer or change the terms at any time. This offer cannot be combined with any other discount and cannot be applied to a previous or existing reservation or rental. Confirmed reservations made prior to termination will continue to receive applicable benefits. Offer is non-transferable and may only be used by the eligible cardholder.

¹⁵ Complimentary and Discounted Instacart+ Membership: You, as the Primary cardmember, can activate this offer using your eligible Canadian BMO Credit Card by 10/31/27 at 11:59PM PT, to receive (i) six (6) months of complimentary Instacart+ membership beginning on the date you activate this offer and (ii) this offer’s promotional Instacart+ annual rate ($20 CAD off annual rate of $99 CAD/year) if you opt-in to auto-enroll during initial offer enrollment. This offer is valid for only one eligible premium Canadian BMO Credit Card per Instacart account. Activate the offer via instacart.ca/p/bmo-premium or the special offer invitation in your email or account settings. If you have an existing Instacart+ membership, your existing membership will be extended by six months and only members who have an existing annual membership that is set to auto-renew will be defaulted into the discounted annual rate at renewal. By activating this offer, you agree to the Instacart+ Terms and that after your complimentary period ends, your membership will automatically expire unless you choose to renew your membership, opt in to a discounted annual plan, or your existing Instacart+ membership is already set to auto-renew. If you decide to opt-in for auto-renewal into a paid Instacart+ membership at offer enrollment, you will be charged $79 CAD for the first year and $99 CAD/year thereafter for an annual recurring Instacart+ membership billed automatically to any payment method on file, until you cancel. Subscription prices are subject to change. This offer will replace any previously redeemed Instacart+ discounted membership offer if you opt in to auto-renewal at offer enrollment. You must pay for your Instacart+ membership using your eligible Canadian BMO Credit Card to receive the promotional rate. Membership must be activated with a Canadian address. You may cancel your paid subscription by selecting “Cancel Membership” in the “Your Instacart+ Membership” page. You will not be charged if you cancel prior to the end of your complimentary Instacart+ membership period or applicable paid membership start date. You are eligible to receive a refund if you cancel within 5 days of the start of the paid membership term and you have not placed any orders with Instacart+. Benefits of Instacart+ membership include $0 delivery fees on eligible orders. Service and other fees, taxes, and/or tips may apply. This offer is non-transferable. Memberships purchased through third parties are excluded from this offer. BMO is not responsible for the provision of, or the failure to provide, Instacart+ Membership benefits and services. Your BMO Card must be open and not in default to maintain eligibility for Instacart+ membership benefits. This offer is subject to modification or termination at any time without notice. Instacart and/or certain retailers may not be available in all zip or postal codes. This offer is nontransferable. Only one account can redeem this offer per eligible BMO card (excludes purchases made using Apple Pay, PayPal and other forms of digital wallets as payment method).

$10 Instacart Credit per Month BMO Offer: As a Canadian BMO Credit Card Primary cardmember, you can receive one $10 CAD credit in your Instacart account each month you have an active Instacart+ membership after you activate your complimentary BMO Instacart+ membership on instacart.ca/p/bmo-premium through 10/31/27 at 11:59PM PT. The monthly credit will be made available to you in your Instacart+ account at the beginning of each month and will only be available on that platform for the remainder of that calendar month; the monthly credit will not roll over into a subsequent month. The monthly credit is only eligible on one purchase of $50 CAD or more made on Instacart.ca using any eligible Canadian BMO Credit Card. Credit will be applied to the total purchase price for all non-alcohol products, and excludes taxes, service fees, special handling fees and/or other fees; offer cannot be applied to alcohol products. This offer is valid for only one eligible premium Canadian BMO Credit Card per Instacart account. Eligible purchase will qualify for this credit the month your Canadian BMO Credit Card is added to your Instacart account and each month thereafter. To qualify for this credit, your Canadian BMO Credit Card account must be open and not in default at the time of fulfillment. If your credit card account is closed at any time, Instacart and BMO reserve the right to remove any unused Instacart credits from your account. Limit 1 credit per order. Credit has no cash value and is non-transferable. Mobile applications, websites and other information provided by Instacart are not within BMO’s control. BMO is not responsible for the provision of, or the failure to provide, Instacart benefits and services. Deliveries subject to availability. In order to take advantage of this offer, customers must have a valid account on Instacart.ca with their valid Canadian BMO Credit Card on file. Only one offer per account. Instacart reserves the right to modify or cancel this offer at any time. Offer may not be sold, copied, modified, transferred or used retroactively for prior purchases. Void where restricted or prohibited by law. Offer may expire prior to your actual use of the offer, without liability to Instacart. Instacart is not a retailer or seller. Instacart may not be available in all zip or postal codes.

¹⁶ Visit priceless.com/easy-savings for a full list of Terms and Conditions.

¹⁷ Services include new user subscriptions to Online Tax Software and Assisted Tax Preparation when filed with a Tax Expert in an H&R Block Canada (“HRBC”) retail location or through HRBC’s Remote Tax Expert product, when user pays with their eligible BMO business Mastercard. Discount does not apply to Instant Refund® tax returns, corporate or trust tax returns and US tax returns and offer may not be combined with any other discount offer.

¹⁸ As an Official Partner of Cirque du Soleil in Canada, Mastercard is proud to offer BMO Mastercard cardholders access to 20% off admission to Cirque du Soleil shows touring Canada. 20% discount is automatically applied on tickets purchased via cirquedusoleil.com/bmomastercard. Valid on available seats. Sales are final, no refunds or exchanges. May not be combined with any other offer or promotion. Not valid on previous purchased tickets. While quantities last. BMO Mastercard cardholders also have access to 15% off on resident shows in Las Vegas. 15% discount is automatically applied on tickets purchased via cirquedusoleil.com/bmomastercard. Offer valid for selected performances and seating. Subject to availability. Cannot be combined with any other offer discount. Offer is not valid for previously purchased tickets. Tickets subject to applicable Live Entertainment Tax, service fees, and delivery fees. Sales are final, no refunds or exchanges.

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