My Rate Compass

Card Details

Bank Name: BMO
Network Type: Mastercard
Card Type: Business

Fees

Annual Fee: $0
Additional Card Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Poor / No Credit
Fair / Average
Good / Excellent

BMO CashBack Business Mastercard

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
No
Airport lounge access
No
Concierge service
No
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
Yes
Vehicule rental insurance
Yes
Travel accident insurance
Yes
Travel medical insurance
Yes
BMO CashBack Business Mastercard User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 0 )

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

Advantages:

Extra Benefits:

Optional Employee Cards - empower employees with delegated purchasing authority

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

Acceptance:

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

Protection:

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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