Mastercard BMO CashBack
Earn up to 5% cash back for the first 3 months, all with no annual fee and flexible reward redemption options. Start getting rewarded today.
The BMO CashBack Mastercard is a standout no-fee credit card for Canadians who want simple rewards on everyday spending. The headline feature is an impressive welcome offer: earn up to 5% cash back on purchases for the first three months. There’s no annual fee, making it accessible for a wide range of applicants. Standard purchase interest is 21.99%, with cash advances at 23.99% (21.99% for Quebec residents). Flexible redemption allows you to deposit rewards into your BMO account or use them as a statement credit.
Step-by-Step: Applying for the BMO CashBack Mastercard
- Check your eligibility by ensuring you have a stable source of income and meet residency requirements.
- Gather your identification and financial information.
- Submit an online application form on the provider’s official site.
- Review the terms and disclosure before confirming your details.
- Wait for approval, which can arrive instantly or within a few business days.
Prós notáveis
One major advantage of the BMO CashBack Mastercard is its no annual fee structure. This makes it ideal for anyone who wants rewards without commitment.
Additionally, the welcome offer stands out, allowing new cardholders to maximize their cash rewards in the first three months of card ownership.
Principais contras
While the elevated 5% cash back is compelling, it’s a limited-time promotion. After three months, your earn rates will be lower, so ongoing value tapers off.
Also, cash advances come with a higher interest rate, and if you don’t bank with BMO, redeeming cash back rewards may not be as seamless.
Veredicto final
The BMO CashBack Mastercard delivers exceptional value for Canadian spenders looking for straight-forward rewards and strong introductory perks. If you aim to maximize cash back in the first few months and want flexibility in redemption, this card is a top pick among no-fee options.
