BMO Cashback Mastercard Review

Maximize savings on everyday purchases with cashback rewards that put money back in your pocket.

The BMO Cashback MasterCard offers an opportunity for smart savers to effortlessly earn rewards with each purchase. Whether you’re buying groceries or filling up at the pump, this card ensures you get something back for every dollar spent. The card is designed to simplify your life and enhance your spending power, making it a must have in your wallet.

This card isn’t just about spending; it’s about making your money work for you. As you dive into the details, you’ll discover how it seamlessly blends convenience with financial benefits, providing a practical solution for everyday expenses.

CREDIT CARD

BMO Cashback MasterCard

5% cash back $0 annual fee

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Cashback That Counts, Every Time

•  Earn on Every Purchase: The BMO Cashback MasterCard allows you to earn cashback on every purchase, making your everyday spending more rewarding. Whether it’s groceries, gas, or dining out, you’ll see the rewards add up quickly, turning routine expenses into opportunities for savings.

•  No Annual Fee: Enjoy the freedom of a no fee credit card that doesn’t compromise on benefits. You can save more since you won’t have to worry about an annual fee eating into your rewards. This feature makes the card an excellent choice for those who want to maximize their savings.

•  Flexible Redemption Options: The BMO Cashback MasterCard offers flexible redemption options, allowing you to choose how you want to use your rewards. Whether you want to apply them directly to your statement or save them for something special, the choice is yours. This flexibility makes the card adaptable to your financial goals.

•  Exclusive Offers and Discounts: Cardholders gain access to exclusive offers and discounts, providing even more opportunities to save. These special deals can enhance your purchasing power, making every dollar go further.

•  Purchase Protection and Extended Warranty: Shop with confidence knowing your purchases are protected. The BMO Cashback MasterCard offers purchase protection and an extended warranty, ensuring that the items you buy are covered beyond the standard manufacturer’s warranty. This feature adds peace of mind to every transaction.

•  Convenient Online Management: Manage your card effortlessly with BMO’s online banking platform. Track your spending, view your rewards, and pay your bill—all from the convenience of your smartphone or computer. This user-friendly interface simplifies the process of staying on top of your finances.

•  No Foreign Transaction Fees: Traveling abroad or shopping online from international retailers? With no foreign transaction fees, the BMO Cashback MasterCard makes it easier to explore the world or shop globally without incurring extra charges. This feature is perfect for frequent travelers or online shoppers.

•  Fraud Protection: Your security is a top priority. The BMO Cashback MasterCard comes with advanced fraud protection features to safeguard your account. You can shop with confidence, knowing that your card is monitored for suspicious activity and that you are protected from unauthorized transactions.

•  24/7 Customer Service: Enjoy peace of mind with round the clock customer service. Whether you need assistance with a lost card or have questions about your account, BMO’s dedicated customer service team is available to help whenever you need it.

 Qualification Requirements

•  Canadian Residency: Applicants must be residents of Canada to be eligible for the BMO Cashback MasterCard. This ensures that the card is tailored to meet the needs of Canadian consumers.

•  Age Requirement: You must be the age of majority in your province or territory of residence. This legal requirement is standard across credit card applications, ensuring that applicants are responsible for their financial commitments.

•  Good Credit History: A strong credit score is recommended for approval. BMO typically looks for applicants with a good credit history, which demonstrates responsible credit management and reliability.

•  Stable Income: Applicants should have a stable source of income. This is to ensure that you can manage your credit card payments and any potential debt responsibly.

•  No Recent Bankruptcies: Applicants with a recent bankruptcy on their record may not be eligible. This requirement helps BMO manage risk and ensure that applicants are in a stable financial position.

•  GovernmentIssued ID: A valid government issued identification is required for the application process. This ID confirms your identity and residency status.

 How to Apply for The BMO Cashback MasterCard

•  Online Application: Visit the BMO website to start your application process. The online form is straightforward and guides you through each step, making it easy to complete in just a few minutes.

•  Provide Personal Information: You’ll need to provide your personal details, including your name, address, and contact information. Ensure that all information is accurate to avoid delays in processing.

•  Submit Financial Details: Include information about your income, employment status, and any other financial obligations. This helps BMO assess your ability to manage the card responsibly.

•  Review Terms and Conditions: Carefully review the terms and conditions before submitting your application. Understanding the card’s features, fees, and interest rates is crucial to making an informed decision.

•  Submit the Application: Once you’ve filled out all the necessary information, submit your application for review. BMO will typically process your application within a few business days.

•  Wait for Approval: After submission, you’ll receive a notification regarding your application status. If approved, your new BMO Cashback MasterCard will be mailed to you.

Frequently Asked Questions

Is there an annual fee for the BMO Cashback MasterCard?  

No, there is no annual fee, making it an affordable choice for cardholders.

What is the cashback rate?  

The cashback rate varies based on the purchase category. Please refer to the card’s terms for detailed information.

Can I apply for the card if I am self employed?  

Yes, self employed individuals can apply, provided they meet the income and credit requirements.

How do I redeem my cash back rewards?  

Cashback rewards can be redeemed as a statement credit or deposited directly into your BMO account.

CREDIT CARD

BMO Cashback MasterCard

5% cash back $0 annual fee

APPLY NOW You will be redirected