Get this card

BMO CashBack Mastercard

BMO CashBack Mastercard

This offer is not available for residents of Quebec.

Apply Now
Network Provider
Mastercard
Provider
BMO Bank of Montreal
Types
Rewards
Balance Transfer
No Fee
Annual fee
$0
Purchase interest rate
19.99%
Cash advance rate
22.99%
Balance transfer rate
1.99% 22.99% after 9 months
Credit Needed
Good (650-749)

Card description

  • Welcome offer: Get 5% cash back in your first 3 months*.
  • Get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!*
    • Once you spend $500 on groceries or $500 on recurring bill payments for your statement period, you'll keep earning 0.5% cash back on eligible purchases in those categories.
  • Get a 1.99% introductory interest rate on balance transfers for 9 months*
    • 1% 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*
  • Minimum 15K individual household income*
  • Get up to 25% off rentals at National Car Rental and Alamo Rent A Car*
  • Extended Warranty*
  • Purchase Protection*
  • 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

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.

For the first three months, the BMO CashBack Mastercard's welcome offer lets you earn 5% cash back on purchases. 

After that, the rewards rate is:

  • 3% cash back on groceries
  • 1% cash back on recurring bills 
  • 0.5% on all other purchases

There's also a balance transfer offer when you apply. You can transfer a balance from another credit and pay only 1.99% interest on it for nine months. There is a 1% fee tacked onto the balance amount transferred. After the nine-month period, the interest on the balance goes up to 22.99%.

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 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.

Want to know more about the BMO CashBack Mastercard?

Read an in-depth review of this card from our team.

Apply Now