Reviews
BMO CashBack® Mastercard® Review
The BMO CashBack® Mastercard® is a unique credit card that provides users with cash back rewards on all their purchases.
Advertisement
BMO CashBack® Mastercard® credit card: A great product for anyone looking for rewards and benefits.
Do you like getting paid for the things you already buy? If so, you’ll love this BMO CashBack® Mastercard® review. With great rewards, this card gives back on every swipe.
So if you’re looking for a credit card that will help you save money on all your purchases, the BMO CashBack® Mastercard® is definitely worth considering.
| Credit Score | Good – Excellent |
| Annual Fee | $0 |
| Regular APR | 20.99% variable |
| Welcome bonus | 5% cash back in your first 3 months, plus a a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee. |
| Rewards | 3% cash back on groceries; 1% cash back on bills; 0,5% cash back on all other purchases. |
How to apply for a BMO CashBack® Mastercard®?
See how to apply for a BMO CashBack® Mastercard® Credit Card and start earning rewards on everyday purchases!
How does the BMO CashBack® Mastercard® work?
Do you want to earn cash back on your everyday purchases? The BMO CashBack Mastercard is a great option for those looking for an easy way to get rewarded for their spending.
This card offers 3% back on groceries, 1% back on bills and 0.5% cash back in all other purchases.
Plus, there is no annual fee! And, if you need to carry a balance, the APR intro of 1.99% for 9 months is hard to beat.
Just be sure to stay within the spending caps, or you’ll forfeit some of your rewards.
So, 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.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
BMO CashBack® Mastercard® Credit Card benefits: pros and cons
The BMO CashBack® Mastercard® is a great no-annual fee card that offers a high rate of cash back on grocery purchases.
You’ll get 3% cash back on all grocery store purchases, up to $6,000 annually. The card also offers 1% cash back on bills, and a 0,5% rate back with no cap.
This makes it a great option for everyday spending. You’ll also enjoy a 9 month introductory APR of only 0.99% with a 2% transfer fee.
The BMO CashBack Mastercard is a great option for those looking for an easy-to-use and affordable card with no annual fee and high cash back rates.
However, if you’re looking to maximize your rewards, you may want to consider a card with a higher spending cap.
That is because the maximum cap for the 3% and 1% categories are $500 per statement period.
Does my credit score need to be good?
If you are considering applying for the BMO CashBack Mastercard credit card, your credit score should be good to excellent.
This is because this is a reward credit card, and as such, comes with a higher than average interest rate.
If you do not have a good credit score, you may want to consider a different option.
Want to apply for the BMO CashBack® Mastercard® credit card?
Applying for the BMO CashBack® Mastercard® credit card is easy. You can apply online or in the branch, and the process only takes a few minutes.
To be approved, you will need to meet the eligibility requirements, which are:
- Be at least 18 years old;
- Have a good to excellent credit score;
- Be a Canadian resident
- Have a minimum income of $15,000 a year
If you need more information about the application process or want to know if you are eligible, be sure to follow the recommended link below.
How to apply for a BMO CashBack® Mastercard®?
See how to apply for a BMO CashBack® Mastercard® Credit Card and start earning rewards on everyday purchases!
Trending Topics
Applying for the Upgrade Rewards Checking Account: learn how
Learn everything you need to know about applying for the Upgrade Rewards Checking Account, including what information you'll need to start.
Keep Reading
Lazy investing portfolio: a beginners guide
A lazy investing portfolio is the best strategy for people who want to build wealth without having to keep track of complex market data.
Keep Reading
Great news! Based on your selection, we’ve listed the best cards for you below
Explore the top credit cards tailored to your score! Navigate your choices and pick the right card for your financial health and lifestyle!
Keep ReadingYou may also like
Regions Premium Visa® Signature Credit Card full review
Check this Regions Premium Visa® Signature Credit Card review. Earn a welcome bonus of 30,000 points in the 1st 90 days!
Keep Reading
Petal 1 Visa credit card: complete review
The Petal 1 Visa card accepts applicants with limited or poor credit scores, charges not annual fees and reports to the major credit bureaus.
Keep Reading
Applying for the Regions Cash Rewards Visa® Credit Card: learn how!
Learn how to apply for the Regions Cash Rewards Visa® Credit Card. 1.5% cash back on purchases and no annual fee!
Keep Reading