Learn How to Apply for a BMO Cashback Mastercard for Students

What do I need to know before applying?

The BMO Cashback Mastercard for Students is the right card for those who want a $0 fee card and benefits to focus on passing exams during the school year!

BMO is a highly respected bank in Canada and internationally, offering a wide variety of financial services, including their popular credit cards.

With options suited to different preferences and financial situations, BMO supports Canadians at various life stages.

The BMO Cashback Mastercard for Students stands out as an award-winning, no-annual-fee card, recognized by well-known platforms like creditcardGenius and ratesdotca as Canada’s top student credit card.

This card has an interest rate of 20.99% on purchases and 22.99% on cash advances. It offers cashback rewards, with 3% on grocery shopping, 1% on recurring payments like phone bills, streaming services, and subscriptions, and 0.5% on all other eligible purchases.

You can redeem your cashback anytime, whether by transferring it to your BMO checking or savings account or applying it as a statement credit, either as a recurring payment or a one-time lump sum.

Additionally, the card provides solid security features and is fully manageable via BMO’s mobile apps, giving users access to financial tools and the ability to monitor their credit score regularly.

For more information about this card, continue reading.

Who can Apply?

The BMO card has specific eligibility requirements, such as being a student aged 18 to 24 and providing proof of enrollment.

You need to be registered at an accredited higher education institution. International students can also apply, but they need to visit a BMO branch to complete the process.

BMO will ask for your monthly income details, which are used not only to assess your eligibility for the card but also to determine your credit limit.

Keep in mind that meeting the basic requirements does not automatically guarantee approval, as final decisions depend on the bank’s review process.

How do I Apply for the BMO Cashback Mastercard for Students?

To apply for the BMO card, just click on the “Apply” button, which will take you to the secure online application form hosted by BMO’s digital platform. 

You will first be asked if you are already a BMO debit cardholder. If you are not, you can proceed with the application through BMO’s form.

Some of the required information includes:

• Personal details: full name and date of birth
• Contact information: phone number and email address
• Address: street, city, and postal code
• Education: Information about the institution, program, and expected graduation date

You will also be asked to create a login and password and provide employment and income details to set your credit limit.

During the process, you might need to submit additional documents, such as proof of residence and enrollment.

If you have any questions, BMO’s customer service team is available to assist.

Overall, the card offers a straightforward application process, with a prompt response once your submission is reviewed.

BMO Cashback Mastercard for Students

The Mastercard includes Zero Liability Protection, ensuring you won’t be held responsible for unauthorized transactions. You will also receive BMO alerts to notify you of any purchases made using your card.

With BMO, you can enjoy savings of up to 20% on rentals from Car Rental and Alamo, along with a 20% discount on Cirque du Soleil tickets.

You can add an additional cardholder for free and take advantage of up to 7% savings on bookings made through Booking.com.

The BMO PaySmart installment option lets you divide bigger purchases into smaller, interest-free monthly payments with reduced fees.

Want to learn another option?

BMO is a comprehensive bank with products that go far beyond student offerings. So, if you have better credit conditions, you might want to check out the excellent BMO World Elite Cashback Mastercard.

The card offers significant benefits, such as 5% cashback on grocery purchases, 10% promotional cashback, and exclusive discounts on Booking.com. Find out how to apply.

Written by

Gabriel Gonçalves