Credit Cards

Applying for the BMO CashBack Mastercard credit card: learn how!

If you're looking for a cash back credit card, the BMO CashBack MasterCard is worth checking out. This card offers 5% cash back on all purchases made in your first three months, up to $125. There's no annual fee and you can get started by applying online today!

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by Aline Barbosa

Published on 04/10/2022

BMO CashBack Mastercard credit card application: The most generous cash back offer on groceries in Canada!

BMO logo
See how to apply for this card. Source: Stealth Capitalist.

If you’re looking for a great way to earn cash back on your everyday purchases, the BMO CashBack Mastercard is a card worth considering. This entry-level card offers 3% back on groceries, 1% back on bills, and 0.5% cash back on all other purchases.

There is no annual fee, and new cardholders get a triple bonus! That means 5% cash back in the first 90 days of account opening, a $50 cash back bonus after spending $6,000 in your first year, and a 1,99% APR intro for card balances with a 1% transfer fee.

 So, if you’re interested in applying for this card, keep reading! We’ll tell you everything you need to know before submitting your application.

card

Credit Card

BMO CashBack Mastercard

cash back no annual fee

$0 annual fee and a high cash back rate on groceries!

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Apply online

BMO logo on laptop
See how to apply online. Source: Adobe Stock.

Applying for the BMO CashBack Mastercard is easy! Just go to the BMO website and click on “Credit Cards.” Then, select “CashBack Mastercard” from the list of cards. Next, you’ll be asked to provide some personal information, including your name, date of birth and Social Insurance Number. You’ll also need to provide your current address and contact information.

Then, you’ll be asked to provide some financial information, including your annual income and your monthly housing costs. Finally, you’ll be asked to agree to the terms and conditions of the card. Once you’ve filled out all the required information, click on “Submit” and you’re done!

Apply using the app

If you’d rather apply for the BMO CashBack Mastercard on your mobile device, just download the BMO Mobile Banking app and select “Credit Cards.” Then, select “CashBack Mastercard” from the list of cards. The process is the same as the online application. 

BMO CashBack Mastercard vs. BMO World Elite Mastercard 

If you don’t think the BMO CashBack Mastercard card is the best choice for your financial needs, don’t worry! We brought another option from the same issuer that might suit your needs. 

The BMO World Elite Mastercard is an excellent product for customers looking for higher rates. It has a generous sign-up bonus, and the $150 is waived during the first year of card membership.

So, which card is right for you? It really depends on your spending habits and priorities. Check the comparison between the two cards below and follow the link for the BMO World Elite Mastercard if you want to learn how to apply for it. 

BMO CashBack MastercardBMO World Elite Mastercard 
Credit ScoreGood – ExcellentExcellent
Annual Fee$0$150 (waived during its first year)
Regular APR19.99% – 22.99%20.99%
Welcome bonus5% cash back in your first 3 months, plus a $50 cash back bonus by spending $6,000 in your first year60.000 points – 30k points with $3000 in eligible purchases within 90 days and 2.5k points each month with $2000 eligible purchases within the next 12 months
Rewards3% cash back on groceries;
1% cash back on bills;
0,5% cash back on all other purchases.
5 BMO points in car rentals;
3 BMO points in travel, dining, and entertainment;
2 BMO points per dollar in eligible purchases.
BMO World Elite Mastercard credit card

How to apply for a BMO World Elite Mastercard Card

Learn the application process to request a BMO World Elite Mastercard Credit Card!

About the author

Aline Barbosa

Aline Barbosa is an editor, writer and learning-enthusiast. Passionate about music, books and human behavior. Curious about the unknown. Believer that learning is a life-long process.

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