BMO Cashback MasterCard Credit Card Review

With no annual fee to worry about, this card offers a straightforward and rewarding experience that puts money back in your pocket with every swipe.

Get ready to embrace a new level of convenience and savings with the BMO Cashback MasterCard Credit Card! This card is your gateway to earning cash back on all your purchases, from groceries and dining to online shopping and more. Imagine the excitement of seeing your cash back balance grow effortlessly as you go about your daily activities.

CREDIT CARD

BMO Cashback MasterCard

5% cash back $0 annual fee

More services and benefits

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What makes the BMO Cashback MasterCard Credit Card truly special is its simplicity and versatility. It’s designed for individuals who want to maximize savings without the complexity of points or bonus categories.

Whether you’re a savvy shopper, a food enthusiast, or someone who enjoys the convenience of online shopping, this card is tailored to enhance your everyday spending with valuable cash back rewards.

Earning rewards

Earning rewards with the BMO CashBack Mastercard is tailored to fit your everyday spending habits. You’ll earn generous cash back rates on specific categories:

• Enjoy 3% cash back on groceries, up to $500 per month, making it easy to earn rewards while stocking up on essentials.
• Earn 1% cash back on recurring bill payments, up to $500 per month, ensuring you earn rewards on regular expenses like utilities and subscriptions.
• For all other purchases, including dining, shopping, and more, you’ll earn 0.5% cash back, allowing you to accumulate rewards on a wide range of transactions.

This rewards structure lets you maximize cash back earnings on your most frequent spending categories, making the BMO CashBack Mastercard a smart choice for those looking to earn rewards on everyday purchases.

Redeeming rewards

With the BMO CashBack Mastercard, redeeming your rewards is flexible and customizable to fit your preferences. Here’s how you can redeem your cash back:

• Deposit into BMO Chequing Account: Choose to have your cash back rewards deposited directly into your BMO chequing account, providing you with immediate access to your earnings.
• Investorline Account: Opt to have your cash back deposited into your BMO Investorline account, allowing you to invest and grow your rewards over time.
• Statement Credit: Apply your cash back as a statement credit towards your credit card balance, reducing your outstanding amount and saving you money on your monthly payments.

In addition to choosing how you receive your cash back, you also have control over when you redeem your rewards:

• Monthly: Redeem your cash back rewards monthly to enjoy a consistent flow of earnings.
• Annually: Accumulate your rewards throughout the year and redeem them annually for a larger sum.
• Upon Reaching a Certain Reward Amount: Set a minimum redemption threshold (minimum $25) and redeem your rewards each time you hit this target.
• On Demand: Have the flexibility to redeem your cash back whenever you want, with a minimum redemption amount of only $1.

With these redemption options, the BMO CashBack Mastercard empowers you to manage and access your cash back rewards according to your financial goals and preferences.

Benefits of BMO Cashback MasterCard Credit Card

• No annual fee

Enjoy the perks of cash back rewards without the hassle of an annual fee with the BMO Cashback MasterCard Credit Card. This card lets you earn cash back on everyday purchases, providing savings without any additional cost. It’s the perfect choice for those seeking simplicity and value in a credit card, allowing you to maximize savings on your spending with no annual fee to worry about.

• Save at Shell

Unlock savings on fuel with the BMO Cashback MasterCard Credit Card at Shell! Cardholders can enjoy up to 7 cents per litre in savings when filling up at participating Shell locations. This exclusive discount makes it easy to save on fuel expenses while earning cash back on all your purchases.

• Car rental discount

Enjoy extra savings on rental cars with the BMO CashBack Mastercard! Cardholders can save up to 25% on rentals with National or Alamo, providing a valuable discount for your travel plans. Whether you’re planning a road trip, business travel, or vacation getaway, this exclusive benefit offers significant savings on rental expenses, allowing you to make the most out of your travel budget.

• Offers 5% cashback for the first three months

The BMO CashBack MasterCard Credit Card offers a generous 5% cash back on purchases at gas stations, grocery stores, drug stores, and restaurants starting from your first purchase. This immediate cash back bonus makes everyday spending rewarding.

• Great Low APR

If you have high-interest credit card debt, the BMO CashBack Mastercard offers a valuable promotional balance transfer offer when you sign up. With this offer, you’ll benefit from a low interest rate of 0.99% for 9 months on balance transfers, accompanied by a modest transfer fee of 2%.

• Zero liability fraud

The BMO CashBack MasterCard Credit Card is a top pick in Canada, offering zero liability fraud protection and a low annual fee. This provides essential security and affordability, making it a valuable choice for many Canadians. Experience peace of mind with zero liability fraud protection and earn cash back on purchases with the BMO CashBack MasterCard Credit Card. Apply now to enjoy these benefits!

• Low credit score and annual income requirement

The BMO Cashback MasterCard is ideal for cashback enthusiasts who have a good credit rating and stable income. If you meet these qualifications, this card offers rewarding cashback benefits that can enhance your spending experience.

Credit Card BMO Cashback MasterCard Application Requirements

Before applying for the BMO Cashback MasterCard, make sure you meet the following requirements:

1. Age: You must be at least 18 years old to apply.
2. Income: Ensure you have a stable income source.
3. Credit Score: A good credit score is preferable for a higher chance of approval.
4. Residency: You should be a resident of the United States.
5. Identification: Have valid government-issued identification.

How to Apply for the BMO Cashback MasterCard

Applying for a BMO Cashback MasterCard is easier than you think:

1. Go to the BMO website and look for BMO Cashback MasterCard
2. Click on Apply Now
3. Read Terms and Conditions
4. Fill your personal and financial details
5. Submit your application

FAQs about BMO Cashback MasterCard

Is there a foreign transaction fee?

Review the card terms, as some credit cards may have foreign transaction fees. The BMO Cashback MasterCard terms will outline any applicable fees.

Can I access my account online?

Yes, BMO provides online account management, allowing you to monitor transactions, pay bills, and redeem rewards through their secure portal.

CREDIT CARD

BMO Cashback MasterCard

5% cash back $0 annual fee

More services and benefits

APPLY NOW You will be redirected