BMO Cashback Mastercard for Students: Card with Benefits for Starting a Credit Life!

The BMO Cashback Mastercard for Students offers a welcome bonus of up to 5% cashback in the first 3 months with the card.

This no-fee card is designed for students starting out in life and has received multiple awards from various Canadian agencies—see how to apply.

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BMO is among the top financial institutions in Canada, providing a variety of services tailored to different customer needs.

This ensures that you have options suitable for various stages of life, particularly when you are a student and your income potential is limited.

The BMO Cashback Mastercard for Students is a highly recognized card, awarded the title of best student credit card by creditcardGenius, ratesdotca, and Milesopedia.

This card offers cashback benefits, including 3% back on purchases made at grocery stores, irrespective of the items bought. For recurring payments, you earn 1% cashback.

Additionally, you can get 0.5% cashback on all other purchases, with multiple ways to redeem your earnings.

Usually, student credit cards have lower starting limits, typically between $500 and $1,000, although BMO might provide higher amounts.

Yes, the card offers a 5% cashback reward for the first three months when using the BMO credit card.

The BMO credit card offers a 5% cashback for the first three months. It has no annual fee, with an interest rate of 20.99% for purchases and 22.99% for cash advances.

The requirements for the student credit card are more flexible than those for standard cards.

Additionally, the application process for the BMO card can be completed entirely online, as is common with the bank.

You can redeem your cashback either by having it deposited into a BMO account or applied as a credit on your statement, choosing between a one-time payment or a fixed recurring amount.

The BMO platform includes a cashback calculator that enables you to gauge your potential earnings as you start using the credit card for your daily purchases in Canada.

This card boasts a range of features and security options, including the ability to easily lock and unlock your card through the app.

BMO also offers financial insights that allow you to monitor your credit score, providing free access 24/7 and updates in CreditView to see how different actions affect your score.

Additionally, the card comes with zero liability protection for any losses resulting from unauthorized transactions, along with alerts to inform you of completed payments.

As one of the most recognized brands globally, Mastercard is widely accepted around the world.

Want to learn another option?

BMO is a bank with many credit card options, including the BMO World Elite Cashback Mastercard, which offers the highest cashback on groceries in Canada.

The card provides a good variety of cashback levels, allowing you to accumulate significant amounts based on your spending. See how to apply.

SEE HOW TO APPLY