BMO Cashback Mastercard: Earn the Good Cashback on Groceries across Canada!

The BMO Cashback Mastercard offers a great cashback on grocery purchases in the country, plus 5% cashback in the first 3 months.

The card is well-equipped to provide cash rewards on your daily purchases—see how to apply.

SEE HOW TO APPLY

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BMO is a North American bank based in Chicago, providing its services throughout the continent, including Canada.

It ranks as the eighth-largest bank in North America, operating in both regions. As part of its offerings, BMO features a variety of banking services, including credit cards.

The BMO Cashback Mastercard offers 3% cashback on grocery purchases, 1% on recurring payments such as subscriptions and utilities, and 0.5% on all other purchases, guaranteeing rewards for every dollar you spend.

You can enjoy rewards that don’t expire, redeemable at any time for as little as $1.

Cashback can be deposited directly into your BMO checking or savings account, credited to your statement, or accessed through an InvestorLine account.

Additionally, BMO has a cashback calculator to help you estimate your annual earnings.

For the first three months with the BMO credit card, you can earn 5% cashback if all conditions are met. This tool offers a detailed overview of your potential income.

The BMO card provides an initial credit limit tailored to your needs, with potential for increases as you use it more frequently.

Instead of a cash welcome offer, new users enjoy 5% cashback during the first three months of using the credit card.

There are no annual fees associated with the card, and the interest rates stand at 20.99% for purchases and 22.99% for cash advances.

To be eligible for the BMO Mastercard, applicants should generally have a good credit score, typically ranging from 600 to 770.

You can easily apply for the credit card through the bank’s customer service channels.

The card also offers a range of perks, including extended warranty and purchase protection, discounts of up to 20% with National Car Rental, up to 20% off Cirque du Soleil tickets, and up to 7% off reservations made through Booking.com.

BMO ensures strong security with features like financial monitoring and free 24/7 access to CreditView, where you can check your credit score and view detailed purchase information.

For additional safety, the Mastercard includes zero liability protection and transaction alerts to confirm your purchases.

The BMO PaySmart installment plan allows you to manage your credit card purchases effectively.
Overall, the BMO card is quite versatile, especially as it comes with no annual fees, making it an excellent choice for beginning your credit journey.