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BMO CashBack Mastercard

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Card details
Network provider
Mastercard
Provider
BMO Bank of Montreal
Card types
Rewards
No Fee
Credit needed
Good
Fees and interest
Annual fee
$0
Purchase interest rate
19.99%
Cash advance rate
22.99%
Balance transfer rate
22.99%
Credit score required
Excellent (750-900) Good (650-749) Fair (575-649) Bad (300-574)
Features
  • Extended Warranty
  • Free Supplementary Card
  • Purchase Protection
  • Rental Car Discounts

The BMO CashBack Mastercard is a no fee, cash-back rewards credit card available to people with an above-average credit score.

With the BMO CashBack Mastercard, users typically get 1% cash back and no restrictions on all card purchases. But for the first four months of card usage, BMO and Mastercard have a welcome offer of 4% cash back on every purchase up to $125.

The CashBack card also offers users various add-on features, like identity theft assistance, BMO travel insurance options, CreditDefence, BMO Roadside Assistance and BMO Credit Card Balance Protection — though these perks do cost additional fees.

In addition to its $0 annual fee, the CashBack card offers users competitive rates. It has a purchase interest rate of 19.99% and a balance transfer/cash advance rate of 22.99%.

 

Why get the BMO CashBack Mastercard?

Get extended warranty - ​All CashBack users get automatic extended warranty benefits, which means you’ll get a one-year extension on the warranty for every item you buy with the card. The only exception is when the original warranty exceeds five years.

No charge for supplementary cards - ​If you're looking for a supplementary credit card, you can get one at no additional cost — an ideal option for extra cardholders.

Protection for purchases - ​CashBack has your back when it comes to theft. You'll be protected in instances of unauthorized use, and are saddled with zero liability. Each card is also embedded with a PIN-protected microchip to ensure optimum protection, and an added layer of security for online shopping, thanks to Mastercard SecureCode.

Discounts on rental cars - Users can get up to 25% off of rentals at both Alamo Rent a Car and National Car Rental. The discount will vary by rental date, location, and vehicle type.