BMO
Enjoy 5% cash back in your first three months, then up to 3% on groceries, no annual fee, and everyday rewards. Redeem cash back anytime with BMO’s flexible options.
Introducing the BMO CashBack® Mastercard®
The BMO CashBack® Mastercard® is an attractive choice for Canadians seeking high cash back rewards, especially on groceries, with no annual fee.
Applicants can benefit from a 5% cash back on all purchases in the first three months, making everyday spending even more rewarding.
After the initial offer, cardholders enjoy 3% cash back on grocery purchases, 1% on recurring bill payments, and 0.5% cash back on everything else.
The standard purchase interest rate is 21.99% APR, with the same rate applying to balance transfers and cash advances for most users.
No annual fee is charged, making it a low-maintenance way to earn rewards while managing routine expenses.
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First, double-check that you meet the basic eligibility criteria, including Canadian residency and the age of majority in your province.
Next, gather your personal details, address, and employment or income information for the application process.
Visit the online application page for BMO CashBack® Mastercard® and complete the secure form.
Review your application for accuracy before submitting, especially your contact and financial information.
Await a quick response from BMO regarding your approval status—many applicants receive an instant decision.
Pros of the BMO CashBack® Mastercard®
The card delivers leading cash back rates for groceries in Canada, perfect for families or frequent shoppers.
Having no annual fee adds incredible value, allowing you to maximize rewards with zero upfront cost or recurring cardholder fees.
Inconvénients à prendre en compte
The ongoing purchase APR is on the higher side, so carrying a balance could be costly over time.
While cash back rates are generous for groceries and bills, everyday purchases only earn 0.5%, which may be lower than some competitors.
Verdict final
The BMO CashBack® Mastercard® stands out for its grocery rewards and zero annual fee. It’s a strong choice for Canadians spending regularly on essentials.
If you plan to pay off your balance each month, you can take full advantage of the welcome offer and maximize your ongoing rewards.
