Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- Hannah Logan, Aaron Broverman, ForbesThe Student BMO CashBack Mastercard is a great option for students, depending on your lifestyle. With its high earn rate on groceries, this student credit card is best for individuals who live independently, away from home or in a university residence, and also prefer to cook at home, rather than di...
- Emma Balmforth, FinderIf you’re looking to avoid paying an annual fee and want to build up a credit history in order to graduate to a more powerful—and award-winning credit card, the BMO CashBack Mastercard might meet your needs. You’ll be rewarded for your everyday spending with cash back and can reap other perks that t...
- MoneyGeniusThe Student BMO CashBack Mastercard is a good card if you’re looking to build your credit score as a student and want to earn some cash back while you’re at it. You get the same earn rate as their regular BMO CashBack Mastercard, but with easier acceptance because it’s a student card. The downsides...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 20.99% |
| Balance Transfer Interest Rate |
22.99% 21.99% for Quebec residents |
| Cash Advance Interest Rate |
22.99% 21.99% for Quebec residents |
| Rates & Fees | |
| Annual Fee | $0.00 |
| Balance Transfer Fee |
5% Maximum |
| Cash Advance Fee |
1% Minimum of $5 |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee | $29.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus |
Get up to 5% cash back on every credit card purchase in your first 3 months, up to a maximum of $2,500 ($125 cash back) in spendings. |
| Rewards | |
| All Purchases | 0.5% cash back |
| Restaurants | No |
| Gas | No |
| Groceries |
3% cash back Up to a maximum of $500 spent per statement cycle period |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills |
1% cash back
|
| Additional Details |
|
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | Yes |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | Apple Pay |
| Virtual Cards | No |
| Additional Benefits |
|
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income |
$15,000 per year |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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