BMO CashBack Business Mastercard Review
Recommended Credit Score:
670 900
Average to Excellent
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
BMO CashBack Business Mastercard
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:BMO
Network Type:Mastercard
BMO CashBack Business Mastercard
Welcome Bonus
Annual Fee
BMO CashBack Business Mastercard
Card Details
BMO CashBack Business Mastercard review
  • 1.75% at Shell
  • 1.5% on eligible gas station, office supplies purchases and on recurring cell phone/internet billings
  • 0.75% on all other card purchases
  • Priority airport services No
  • Airport lounge access No
  • Concierge service No
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance Yes
  • Vehicle rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
  • Annual Fee: $0
  • Additional Card Fee: $0
  • Purchases Interest Rate: 19.99%
  • Cash Advance Interest Rate: 22.99%
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
670 900
Average to Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons

Extra Benefits:

Optional Employee Cards - empower employees with delegated purchasing authority

Mastercard Easy Savings - automatic rebates on qualified purchases at participating merchants


Now you can use your BMO Business Mastercard at Costco locations across Canada


Our Liability Waiver Program protects your business against employee card abuse.

Plus, enjoy extended warranty and purchase protection.
Editor's Review

The main feature of the BMO CashBack Business Mastercard is the 6% cash back rate. This rate is much higher than the industry standard cash back rate, but there is a catch. The 6% cash back rate only applies to gas, office supplies, internet and cellphone payments for the first four months of ownership. Thankfully, these costs are significant for many businesses meaning you can take advantage of the lucrative cash back rate offer.


After the introductory period ends, businesses will earn 1.75% on Shell gas station purchases and 1.5% on eligible gas stations, office supply and recurring internet and cellphone payments. All other purchases earn 0.75% cash back. The card also offers purchase protection, extended warranties, rebates through the Mastercard Easy Savings program and optional employee cards.


Finally, the credit card has no annual fee so you can earn on purchases for free. BMO is one of the biggest and most reputable banks in Canada so you will have ample perks simply by being one of their clients.