Card Details

Bank Name: BMO
Network Type: Mastercard
Card Type: Personal
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 Mastercard Review

Welcome Bonus:
BMO CashBack Mastercard snapshot

Get up to 5% cash back in your first 3 months and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.

Then get 1% cash back on all credit card purchases.

Spend $750 monthly on card purchases

Earn $90 cash back annually

BMO CashBack Mastercard Rewards
General cash back earn rate
BMO CashBack 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 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 Mastercard FAQs

Other Recommended Credit Cards


Your no annual fee card also gets you :

up to 25% off rentals at participating National Car Rental and Alamo Rent A Car locations

even more cash back by adding additional cardholders for free

purchase protection and extended warranty on most items bought with your card


Editor`s Review:


BMO Cashback Mastercard users earn 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% cash back on all other purchases. There is no limit on the amount of cash you can earn. BMO is currently offering a sign-up bonus whereby you’ll earn 5% cash back during your first three months of card ownership. In addition, there is an introductory interest rate of 1.99% that lasts nine months for balance transfers however you’ll be required to pay a one-time 1% transfer fee.


This credit card has no annual fee and comes with purchase protection, extended warranty, and the ability to add additional cardholders for free. Cardholders also receive 25% off participating National Car Rental and Alamo Rent A Car locations. Another perk is 15% off Canadian Cirque du Soleil tours and 20% off Las Vegas Cirque du Soleil tours. Finally, BMO is one of Canada’s largest and most reputable banks. With this credit card, you’ll be able to take advantage of the perks offered to their large customer base.

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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.