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bmo cashback mastercard

3.2

/5

BMO

Mastercard

BMO CashBack® Mastercard®Cash Back Calculator

5% cash back for the first 3 months, up to $2,500 in spend*

Our Take

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.

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BMO CashBack® Mastercard® review

Card Details

Interest Rates

Purchase: 21.99%*

Cash Advance: 23.99%*□

Balance Transfer: 23.99%*□

□ Quebec rates: Cash advance 21.99%, Balance transfer 21.99%

Promotional Rates

Balance Transfer: 0.99%*

Promotional Period: 9 months*

* 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.

Annual Fees

Main Card: $0

Additional Cards: $0

Welcome Bonus

  • Get 5% cash back in your first 3 months*
  • Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred*

Annual Income

Personal: N/A

Household: N/A

Credit Score Estimate

300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Card Type

Credit

Reward Type

Cash Back

Our Rating

3.2/5

Institution

BMO

How You Earn 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

Annual Rewards Breakdown

Annual Rewards Summary

Point Redemptions

Redemption Method

Net Value (After Annual Fee)

Insurance & Benefits

2 insurance
4 benefits

Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days
  • extended warranty

    Extended Warranty

    1 year

    • Benefits

    Details

  • car rental

    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.
  • discount

    Discount

    Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.
  • discount

    Hotel Booking Discount

    Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
  • discount

    Discount

    Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

    • Pros & Cons

    Pros

    • No annual fee
    • Impressive grocery cashback
    • Multiple discounts

    Cons

    • Low base earn rate
    • Limited insurance

    *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.

    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.