Card Details

Bank Name: BMO
Network Type: Mastercard
Card Type: Business
MRC Rating 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.: (4)


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

Average to Excellent (670-900)

BMO CashBack Business Mastercard Review

Welcome Bonus:
BMO CashBack Business Mastercard snapshot
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
BMO CashBack Business Mastercard Rewards
BMO CashBack Business Mastercard Features
Priority airport services
Airport lounge access
Concierge service
Balance protection(Optional)
Purchase Security & Extended Protection Insurance
Flight delay insurance,Baggage Insurance
Vehicule rental insurance
Travel accident insurance
Travel medical insurance
BMO CashBack Business Mastercard User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

BMO CashBack Business Mastercard FAQs

Other Recommended Credit Cards


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.

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Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.