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BMO CashBack® Mastercard® Review
The Bottom Line
This is a great basic cashback credit card for those that prefer no annual fees while getting one of the highest cashback rates on groceries. You also have the additional benefit of redeeming cashback at any point without needing to wait.
APPLY NOW
on BMO's website
Welcome Bonus
5% cash back for the first 3 months, up to $2,500 in spend*
Annual Fee
$0
Interest Rates
21.99%* / 23.99%*□
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
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool..svg)
Gas Discount
Save up to 7 cents per litre at Shell stations when linked with Air Miles
Discount
Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
Eligibility
Credit Score
GoodAnnual Income
N/A
*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
Card Details
Interest Rates
Purchase APR
21.99%*
Cash Advance APR
23.99%*□
Balance Transfer APR
23.99%*□
Promotional Balance Transfer Rate
Promotional Rate
0.99%*
Promotional Period
9 months*
Transfer Fee
2%⁕
□ Quebec rates: Cash advance 21.99%, Balance transfer 21.99%
* Terms and conditions apply. Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account.
Fees
Annual Fee
$0
Additional Cards
$0
Eligibility
Minimum Individual Income
N/A
Minimum Household Income
N/A
Credit Score Estimate
Good
Type
Card Type
Credit
Reward Type
Cash BackPros & Cons
Pros
- No annual fee, making it a cost-effective option.
- Up to 3% cash back on groceries and 1% on recurring bill payments.
- 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).
Get personalized rewards estimates — see exactly how much you could earn.
BMO CashBack® Mastercard® Cash Back Calculator
APPLY NOW
on BMO's website