Karta Mastercard BMO CashBack
Earn up to 5% cash back in the first 3 months, enjoy no annual fee, benefit from a low 0.99% balance transfer for 9 months, and easy cash rewards access.
The BMO CashBack Mastercard is an attractive, fee-free credit card option for Canadians who want straightforward cash back rewards with every purchase. Currently, new applicants can earn up to 5% cash back on eligible purchases in their first 3 months. What stands out is the $0 annual fee, making it ideal for budget-conscious consumers. The ongoing purchase interest rate sits at 21.99%, while cash advances carry a 23.99% rate; Quebec residents may enjoy a slightly lower cash advance rate of 21.99%.
The card also includes a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee, allowing cardholders to manage their existing debt affordably. Limits and approval depend on individual creditworthiness.
Jak aplikować
Applying for the BMO CashBack Mastercard is straightforward. Begin by filling out the online application form provided by BMO. You’ll input personal and financial information for assessment.
After submission, BMO reviews your credit history and may request supporting documents. Approval can be immediate or take a few days based on your application.
Once approved, you’ll receive your new card by mail. From here, simply activate your card online or by phone, and you’re ready to start earning cash back immediately.
Pros of the BMO CashBack Mastercard
The no annual fee structure means you keep more of your earnings, making this card a smart choice for those looking for maximum value.
High initial cash back rewards—up to 5% for the first three months—provide a significant boost for everyday spending. Flexible redemption options make it easy to access your rewards.
Cons of the BMO CashBack Mastercard
The standard purchase interest rate is 21.99%, which is typical but still high for those who carry balances month to month. The cash advance rate is not low, so be cautious about withdrawing cash.
The attractive 5% cash back is limited to your first three months, after which the rate drops, so ongoing rewards may not be as lucrative for big spenders seeking long-term benefits.
Werdykt
The BMO CashBack Mastercard is well-suited for Canadian users seeking a fee-free entry into cash back credit cards. With its high introductory rewards and robust flexibility on redemption, it’s a solid pick for disciplined spenders who pay in full each month. While ongoing rates and rewards aren’t the highest, the lack of an annual fee and ease of use make it a worthy addition to your wallet.
