BMO CashBack® Mastercard®
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Total Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$0
Card Details
Annual Rewards
$231.6
First Year Bonus
$94.3
Annual Fee
$0
First Year Value
$325.9
$231.6 in years after
Interest Rates
Cash Advance: 22.99%, for Quebec 21.99%
Purchase: 20.99%
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
Card Type
Cash Back
Our Rating
3/5
Institution
BMO
Rewards
- 3% cash back on grocery purchases (maximum $15 per statement)
- 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
- 0.5% cash back on all other purchases
BMO CashBack® Mastercard® Cash Back Calculator
Based on average spending
Rewards Ranking
Rewards Breakdown
Groceries
$123.84
Recurring Transactions
$16.8
All other purchases
$90.96
Net Annual Rewards
$231.6
Rewards Summary
Net Annual Rewards
$231.6
Welcome Bonus
$94.3
First Year Value
$325.9
Insurance & Benefits
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Car Rental Discount
20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-Car
Gas Discount
Save up to 7 cents per litre at Shell stations when linked with Air Miles
Pros & Cons
Pros
- 5% cash back for the first 3 months (up to $2,500 in spending).
- No annual fee, making it a cost-effective option.
- Up to 3% cash back on groceries and 1% on recurring bill payments.
- 0.99% introductory rate on balance transfers for 9 months.
- Save up to 7 cents per litre at Shell stations when linked with Air Miles.
Cons
- Low base earn rate of 0.5% cash back on non-bonus purchases.
- Limited insurance coverage (extended warranty and purchase protection only).