BMO CashBack Mastercard
5% cash back on every purchase for the first 3 months, $0 annual fee, flexible cash redemption options and 0.99% on balance transfers for 9 months.
The BMO CashBack Mastercard is a strong choice for Canadians wanting a no-fee credit card with solid rewards. The welcome offer includes 5% cash back in your first three months of card ownership. Regular purchase interest rates sit at 21.99%, with cash advances at 23.99%. While there’s no annual fee, Quebec residents should check for corresponding local conditions.
How to Apply for the BMO CashBack Mastercard
- Confirm eligibility and gather your personal and financial information.
- Complete the online application form on the BMO website.
- Submit your application and await approval, typically within a few business days.
Vantaggi principali
The key highlight is the 5% cash back rate for the initial three months. Afterward, standard cash back rates apply on all future purchases.
Another notable feature is the $0 annual fee—making it risk-free to carry the card for ongoing purchases and everyday spending.
Potenziali svantaggi
The regular interest rate of 21.99% is fairly standard, so paying the balance in full every month is advisable to maximize your benefits.
Extra features such as higher cash back rates on select categories or travel insurance are not available with this no-fee version.
Verdetto finale
The BMO CashBack Mastercard is recommended for those seeking a no-fee, flexible rewards card. The 5% cash back promo and easy redemption options stand out, making it ideal for budget-conscious Canadians.
