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BMO Cashback MasterCard Credit Card Review

There are many advantages to using credit cards. For example, they give you convenience and protection.

BMO Cashback MasterCard Credit Card
Source: BMO Cashback MasterCard Credit Card

The BMO Cashback MasterCard Credit Card, issued by the Bank of Montreal, provides cash back rewards on general purchases. This includes a quarterly statement credit and a quarterly “BMO Cash” reward, which can be received as a check or pre-loaded Visa card. Additionally, the card offers a 0% introductory annual interest rate on both purchases and balance transfers.


BMO Cashback MasterCard Credit Card
CREDIT CARD
BMO Cashback MasterCard
5% cash back $0 annual fee
More services and benefits
Watch an ad to apply for your card Watch an ad to apply for your card

This card is an ideal choice for Canadians seeking to earn cash back on their spending. It provides a convenient way to save money, offering numerous benefits to its users. Notably, the card offers a 10% cash back incentive for purchases made at BMO-branded locations or with select retailers. This feature enhances the card’s appeal and makes it a valuable option for individuals looking to maximize their rewards.

Benefits of BMO Cashback MasterCard Credit Card

The BMO Cashback MasterCard Credit Card is an excellent choice for individuals seeking to earn cash back on their purchases. It boasts cutting-edge technology and offers exceptional value for your money. With minimal annual fees and no restrictions, it is the perfect card for those looking to maximize their savings and make the most of their finances.

  • Enjoy the 3% cashback on groceries

If you’re looking to make your grocery shopping more rewarding and cost-effective, consider applying for a BMO Cashback MasterCard Credit Card. With this card, you’ll earn 3% cash back on grocery purchases, 2% cash back on gas, and 0.5% cash back on all other purchases.

  • Provides 1% cashback on all your recurring payments

The BMO Cashback MasterCard Credit Card offers 1% cash back on all your recurring payments. This makes it an excellent choice for individuals aiming to maximize their returns on payments, particularly those who use a credit card to pay for rent and utilities. If you’re seeking to capitalize on cash back rewards, this card is an ideal option for you.

  • 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. You can earn this cash back bonus immediately after making your first purchase with the card. Additionally, this card features a low annual fee and serves as an excellent means to build your credit score.

BMO Cashback MasterCard Credit Card
Source: BMO Cashback MasterCard Credit Card
  • Great Low APR

The BMO Cashback MasterCard Credit Card stands out for its excellent low interest rate and numerous benefits. One notable benefit is the complimentary subscription to Apple Music that it offers.

  • There’s a Zero liability fraud by MasterCard

The BMO Cashback MasterCard Credit Card is among the top credit cards in Canada, providing zero liability fraud protection. With its low annual fee and zero liability fraud protection, this card offers a significant benefit for many Canadians.

  • Enjoy the Low credit score and annual income requirement

The BMO Cashback MasterCard is an excellent choice for cashback enthusiasts. If you have a good credit rating and a stable income, you may qualify for the BMO Cashback MasterCard.

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

Follow these simple steps to apply for the BMO Cashback MasterCard:

Visit the Official Website: Go to the BMO website and navigate to the Credit Card section.

Select BMO Cashback MasterCard: Choose the Cashback MasterCard from the list of available credit cards.

Check Eligibility: Confirm that you meet the eligibility criteria for the card.

Fill Out the Application Form: Complete the online application form with accurate personal and financial information.

Submit Supporting Documents: Upload any required documents, such as proof of income or identification.

Review the Terms and Conditions: Thoroughly read the terms and conditions of the card to understand the benefits, fees, and repayment terms.

Submit Your Application: Click the submit button to send your application for review.

Wait for Approval: BMO will review your application, and if approved, you’ll receive your new card by mail.

FAQs about BMO Cashback MasterCard

What is the cashback rate on the BMO Cashback MasterCard?

The cashback rate varies, but typically, cardholders can earn a percentage cashback on eligible purchases.

Are there annual fees for the BMO Cashback MasterCard?

Check the specific terms of your card, as annual fees may apply. Some cards, however, offer no annual fees.

How can I redeem my cashback rewards?

You can usually redeem cashback rewards through the BMO online portal or by contacting customer service. Options may include statement credits or gift cards.

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.


BMO Cashback MasterCard Credit Card
CREDIT CARD
BMO Cashback MasterCard
5% cash back $0 annual fee
More services and benefits
Watch an ad to apply for your card Watch an ad to apply for your card

Written By

Formado em direito Especialista em economia, investimento e finanças pessoal. Seu foco é mudar a vida financeira das pessoas.