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.

BMO CashBack® Mastercard®
Check our full BMO CashBack® Mastercard® review! Source: Stealth Capitalist.

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 ScoreGood – Excellent
Annual Fee$0
Regular APR20.99% variable
Welcome bonus5% 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.
Rewards3% cash back on groceries;
1% cash back on bills;
0,5% cash back on all other purchases.
BMO CashBack® Mastercard®

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.

BMO CashBack® Mastercard® Credit Card benefits: pros and cons

BMO CashBack® Mastercard® benefits
See the many advantages and potential drawbacks below. Source: BMO.

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.

BMO CashBack® Mastercard®

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

content

Regions Explore Visa® Credit Card full review

Find out if the Regions Explore Visa® Credit Card is a good fit for you in this review. Learn about the characteristics.

Keep Reading
content

Aspiration Spend & Save™ debit card full review

If you want to have a positive social and environmental impact, the Aspiration Spend & Save™ debit card should be on your watchlist.

Keep Reading
content

Juno Debit Card full review

Need a good debit card to make your money work? Check out this Juno Debit Card review and find out if it might be what you're looking for.

Keep Reading

You may also like

content

Applying for the Truist Enjoy Travel Credit Card: learn how!

Want to apply for the Truist Enjoy Travel Credit Card but unsure how? Then read on and learn! Earn miles on every $1 spent!

Keep Reading
content

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 Reading
content

Netspend® Prepaid Card review

The Netspend® Prepaid Card review is a solid option for anyone who wants to avoid high fees. Check out more!

Keep Reading