See How to Apply for BMO Cashback Mastercard
The BMO Cashback is designed precisely for this: earning cashback on your purchases with convenience and security. You need to check it out.
What do I need to know before applying?
The BMO Cashback Mastercard offers new cardholders bonuses of up to 5% cashback during the first 3 months with the card.
CREDIT CARD
BMO Cashback
Looking for a card for grocery shopping? Apply now.
GO TO OFFICIAL WEBSITE* You will be directed to an external website
BMO is a prominent bank in North America, serving customers across both the U.S. and Canada with a strong reputation for quality and expertise.
The bank provides a wide range of financial services, including account management and various credit card options.
One of its standout offerings is the BMO Cashback Mastercard, known for its excellent cashback rewards and no annual fee. The card’s credit limit is flexible and depends on the applicant’s financial profile.
The card’s introductory bonus includes two main benefits: up to 5% cashback on all purchases for the first 3 months and an initial balance transfer rate of 0.99% for the first 9 months.
After this period, a 2% transfer fee applies, along with a 20.99% purchase rate.
In terms of cashback rewards, the card offers 3% cashback on grocery purchases, making it ideal for everyday food expenses; 1% cashback on recurring payments such as subscriptions, utilities, and streaming services; and also 0.5% cashback on all other purchases.
Cashback can be redeemed at any time, with no expiration, as long as your account remains active.
Redemption starts at $1 and can be applied as a statement credit, deposited into a checking or savings account, or transferred to an InvestorLine account.
To learn more about this card, continue reading.
Who can Apply?
The BMO Cashback card follows typical market standards with straightforward eligibility criteria for applicants.
To qualify, you must be the legal age in your province or territory, which ranges from 18 to 19 years depending on where you live.
Additionally, you should not have filed for bankruptcy within the last seven years.
BMO generally expects applicants to have a good credit score, typically between 600 and 700. Unlike some other cards, there is no minimum monthly income requirement. However, approval depends on the bank’s evaluation of each individual case.
How do I Apply for the BMO Cashback Mastercard?
To start the application process, click the ‘Apply Now’ button, which will take you to the application form. You’ll first need to indicate whether you already have a BMO debit card.
If you don’t, you will be asked if you have a Canadian address.
Next, you’ll provide the following details:
- Full name (last name optional) and date of birth
- Email address and phone number
- Complete address, housing status, and monthly payment amount
- Income details and banking information
After submitting your application, BMO will review your profile thoroughly and provide a prompt response.
For any inquiries, feel free to contact BMO directly.
CREDIT CARD
BMO Cashback
Want a comprehensive card? Apply now.
GO TO OFFICIAL WEBSITE* You will be directed to an external website
More Details
The card enables you to fully manage your finances via the app, including the ability to lock or unlock your card and report any issues that may arise.
You can also monitor your credit score through CreditView, which provides a detailed overview of all your transactions.
In terms of security, you are protected with zero liability for unauthorized transactions, BMO purchase alerts, and Mastercard Identity Check, safeguarding your online purchases.
Additional perks include a free supplementary cardholder, extended warranty coverage, and different levels of discounts as up to 20% with National Car Rental,p to 20% off on Cirque du Soleil performances andp to 7% discount on prepaid hotel reservations through Booking.com
You can also access the BMO PaySmart installment plan.
Overall, this credit card is an excellent choice for those looking to build credit and improve their score over time. It’s also well-suited for everyday purchases, especially for individuals seeking a low-cost card option.
Want to learn another option?
The MBNA Rewards is an excellent World Elite card that offers around 30,000 points as soon as you receive the card and meet the basic requirements—great value for traveling the world.
In terms of benefits, it provides 5 points for every dollar spent on groceries, an anniversary bonus, and concierge services. Find out now how to apply.
