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.
- Sandra MacGregor, Money.caThis BMO Cash Back MasterCard is ideal for consumers looking for a cash back card with no annual fee who spend a lot on groceries and recurring payments. Frequent travellers will also appreciate the discount on rental cars. Certainly, there are premium cards with more bells and whistles, but then yo...
- Sandra MacGregor, GreedyRates.caThis BMO Cash Back MasterCard is ideal for consumers looking for a cash back card with no annual fee who spend a lot on groceries and recurring payments. Frequent travellers will also appreciate the discount on rental cars. Certainly, there are premium cards with more bells and whistles, but then yo...
- Victor, Yore OysterWith a generous welcome bonus of up to 5% cash back earning rate in the first three months and a 0.99% introductory interest rate on balance transfers for nine months, the BMO CashBack Mastercard offers one of the best balance transfer perks available in Canada. The card is ‘also great for cards for...
- Enoch Omololu, SAVVY New CanadiansThe BMO CashBack Mastercard does fairly well for a no-fee cash back card. If you are looking for more comprehensive insurance coverage, you will have to consider other cards. Also, it does not offer the best cash back rate among no-fee cards, especially if you meet the higher maximum income threshol...
- Claire Horwood, FinderThe BMO CashBack Mastercard is a basic fee-card that allows you to put the cash you earn towards your investment portfolio or your outstanding bank or credit card balance. It comes with a welcome bonus offer and a low introductory balance rate as well as benefits such as purchase protection and zero...
Interest Rates | |
---|---|
Regular APR Interest Rate | 20.99% |
Balance Transfer Interest Rate |
22.99% (0.99% for the first 9 months) 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%
|
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 - On recurring bill payments - Up to a maximum of $500 spent per statement cycle period |
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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