Get this card

BMO CashBack® Mastercard®*

BMO CashBack® Mastercard®*

Apply Now
Network Provider
Mastercard
Provider
BMO Bank of Montreal
Types
Rewards
Balance Transfer
No Fee
Annual fee
$0
Purchase interest rate
21.99%
Cash advance rate
23.99% 21.99% for Quebec residents
Balance transfer rate
0.99% 23.99% after 9 months
Credit Needed
Good (650-749)

Card description

Welcome offer: Get 5% cash back in your first 3 months*

  • Then get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!*
  • Now earn the highest cash back on groceries in Canada without paying an annual fee!†
  • Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred* 
  • No Annual fee*
  • Want to get your cash back ASAP? Now you can redeem your cash back anytime through direct deposit, as a credit on your statement or into your BMO InvestorLine account*
  • Extended Warranty* 
  • Purchase Protection* 
  • Save up to 20% on National Car Rental and Alamo Rent A Car and up to 5% on Enterprise Rent-A-Car at locations worldwide using the Car Rental Booking tool
  • Minimum 15K individual income*

BMO is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information.

*Terms and conditions apply

Statement based on a comparison of the non-promotional grocery rewards earn rate on Canadian cash back credit cards as of June 1, 2022.

Card Features

  • Extended Warranty
  • Purchase Protection
  • Rental Car Discounts

About This Card

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

This card has a competitive offer for new cardholders: 5% cash back on  on all purchases for the first 3 months.   After that, cardholders will ear 3% on groceries, 1% recurring bill payments, and unlimited 0.05% cashback on anything else.  

There's also a balance transfer offer when you apply. You can transfer a balance from another credit and pay only 0.99% interest on it for nine months. There is a 2% fee tacked onto the balance amount transferred. After the nine-month period, the interest on the balance goes up to 22.99%.

The BMO CashBack® Mastercard®* 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 BMO CashBack® Mastercard®* offers users competitive rates. It has a purchase interest rate of 19.99% and a cash advance rate of 22.99%.

 

Why get the BMO CashBack® Mastercard®*?

Get extended warranties -  All CashBack users automatically get 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.

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.

Apply Now

High praise for LowestRates.ca

June 20
Quick response and excellent service
Quick response and excellent service
Zurab Tinikashvili
June 20
Broker was knowledgeable
The call with the licensed broker was good and he answered all my questions
Mafalda Fernandes
June 19
Helpful
Helpful, friendly
Saeed Abdelfadil
June 19
Quick response/best rates
Explained all steps for me to understand.
Abdul Nasir
June 18
Insurance Quote
The quote was very quick and the broker answered all my questions. Thanks Raf
Ed
June 17
Good and cooperating
Good and cooperating
Martin Casalta
June 13
It didn't take long
It didn't take long
Sylvie Vanderzeeuw
June 13
the lady i spoke to was very willing to…
the lady i spoke to was very willing to helpto
JOHN DOOLEY
June 13
good response time better rate quote
good response time better rate quote
fardeen aziz
June 13
Great work.
Great work.
Luis Alves
June 11
Jacklyn was Great!
Jacklyn was very polite and informative. She went step by step and got the best ...
EDL
June 11
Proper information
Proper information
Luis Alves
June 11
The service was amazing
The service was amazing! I was treated like I mattered from the moment our cont...
Floyd Cartner
June 10
Very quick response
Very quick response. Happy with the service.
Sylvia van Gerven
June 10
Broker was very helpful and kind…
Broker was very helpful and kind enjoyable experience
Dale Arthur McTavish