BMO CashBack Mastercard
- Network provider
- BMO Bank of Montreal
- Card types
- RewardsLow Balance TransferNo Fee
- Credit needed
- Annual fee
- Purchase interest rate
- Cash advance rate
- Balance transfer rate
- 22.99% after 9 months
- 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.
Read an in-depth review of this card from our team.