BMO No Annual Fee Credit Cards: Rewards, Low Costs & 5% Cash Back Highlights

If you’re looking for a credit card with no annual fee and the chance to earn rewards, the BMO suite of options delivers great value. Popular choices include the BMO eclipse rise Visa Card, the BMO CashBack Mastercard, and the BMO AIR MILES Mastercard. Each comes with $0 annual fee, a 21.99% interest rate on purchases, and up to 5% cash back or generous bonus rewards, making them appealing for cost-conscious Canadians.

How to Apply Step by Step

1. Check which BMO card fits your needs: cash back, points, or AIR MILES.
2. Gather your personal and financial info for the application form.
3. Submit your application online through BMO’s official website.
4. Review and agree to the card terms and rates before finalizing.
5. Receive your card by mail and activate it for immediate use.

Pros of the BMO No Annual Fee Cards

One major advantage is keeping card costs low—there’s no annual fee, so your rewards truly feel like a bonus. The 5% cash back introductory offer appeals to everyday spenders.

The variety in the BMO card suite means you can select a reward program that fits your lifestyle, whether you prefer travel rewards, straight cash back, or AIR MILES. Additional security features give users peace of mind.

Cons of the BMO No Annual Fee Cards

These cards carry a 21.99% purchase rate and 23.99% for cash advances, which is fairly standard but could be high if you carry a balance. Rewards on everyday purchases after the introductory period may also be modest compared to premium cards.

Advanced travel benefits or luxury perks are missing from these no-fee versions. Cardholders with excellent credit might seek richer reward rates elsewhere.

Verdict

BMO’s no annual fee credit cards are a smart pick for those seeking cost savings while still enjoying rewards. Straightforward application steps, accessible online management, and flexible reward programs make these cards solid contenders for everyday use. Choose the BMO option that aligns with your goals, and manage your balance wisely to maximize the benefits.