BMO CashBack Mastercard: Features, Benefits and Application
Earn cash back on groceries and recurring bills with no annual fee.
The BMO CashBack Mastercard is a credit card designed to help Canadians maximize
Why choose BMO CashBack Mastercard
This card is attractive for anyone looking to save money on regular expenses with a simple rewards structure.
BMO is a long-established bank in Canada and brings trust, security, and support to cardholders.
The card gives you the flexibility to earn on the categories you spend most on without worrying about complex points systems.
Cash back is automatically earned after card activation, with no need to enrol in a separate rewards program.
Protection and security
While this card does not offer complimentary travel insurance, it provides important everyday protections.
Features include extended warranty and purchase protection, which help safeguard most new items bought with the card.
Mastercard zero liability covers you from unauthorized transactions, and security monitoring is built-in for digital and in-person transactions.
Rewards do not expire as long as your account remains open and in good standing, so you can redeem at your own pace.
How the credit works
The BMO CashBack Mastercard comes with no annual fee, making it accessible for many Canadians.
The annual interest rates, such as the purchase APR and cash advance APR, should be confirmed in your application, as these can depend on individual circumstances.
Payment options include Apple Pay and Google Pay for secure mobile transactions.
There are typical credit card fees like foreign currency transaction and late payment charges, which are detailed in your agreement when applying.
Paying your balance in full by the due date generally avoids purchase interest charges during the grace period.
Daily use and digital features
The BMO CashBack Mastercard makes daily banking easy with online and mobile app access.
Cash rewards can be redeemed as a statement credit or deposited to a BMO account starting from just $1, making rewards flexible and easy to access.
There is no need to enrol in the rewards program, and cash back is unlimited on other categories, so you can keep earning as you spend.
Eligibility requires being a Canadian citizen or permanent resident, meeting the age of majority in your province, and BMO’s credit criteria.
To know every detail about eligibility and the application process, see our full guide below.
