BMO CashBack Mastercard Review
Recommended Credit Score:
670 900
Average to Excellent
Welcome Bonus Value
Annual Fee
Purchase Interest Rate
Min Personal Required
BMO CashBack Mastercard
My Rate Compass Rating: star star star star star_outline (4)
Bank Name:BMO
Network Type:Mastercard
BMO CashBack Mastercard
Welcome Bonus
Annual Fee
BMO CashBack Mastercard
Card Details

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

  • 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 No
  • Vehicule rental insurance No
  • Travel accident insurance No
  • Travel medical insurance No
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

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.