BMO CashBack Mastercard Review

Get ready to transform your everyday spending into a rewarding experience with the BMO CashBack Mastercard!

The BMO CashBack Mastercard stands out by offering impressive cash back rates on the purchases you make most often, all with no annual fee to diminish your returns. Beyond the exceptional rewards, this card provides valuable perks like discounts on car rentals and enhanced protection on your purchases. 

It’s a card that effortlessly combines earning power with everyday convenience and security. Prepare to be delighted by how easily your cash back accumulates, turning your routine expenses into a steady stream of savings that you can redeem whenever you choose.

CREDIT CARD

BMO Cashback MasterCard

5% cash back $0 annual fee

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Ways to Benefit: A World of Value Awaits!

• No Annual Fee: This is a standout benefit! You can enjoy all the rewards and features of this card without paying a single dollar in annual fees. This means every cent of cash back you earn is pure savings, directly contributing to your financial goals.
• Exceptional Grocery Rewards (Up to 3%): Turn your grocery shopping into a highly rewarding activity! This card offers an impressive up to 3% cash back on eligible grocery purchases, helping you save on one of your biggest household expenses. It’s a fantastic way to get more back from your everyday essentials.
• Accelerated Rewards on Recurring Bills (Up to 1%): Simplify your finances and get rewarded! Set up your recurring bill payments on this card and earn up to 1% cash back. It’s an effortless way to accumulate rewards on expenses you’re already paying each month, like your phone bill or streaming services.
• Solid Base Cash Back Rate (Up to 0.5%): For all your other purchases, from your morning coffee to online shopping, you’ll earn a dependable up to 0.5% cash back. This ensures that every single purchase you make contributes to your growing cash back balance.
• Attractive Welcome Offer: Kickstart your savings with a generous welcome bonus! New cardholders can often take advantage of a higher cash back rate for the first few months, giving you an excellent opportunity to accumulate a significant amount of cash back right from the start.
• Purchase Protection: Shop with confidence knowing your new purchases are protected. This benefit covers most items purchased with your card against theft or damage for 90 days from the date of purchase, giving you valuable peace of mind.
• Extended Warranty: Enjoy longer protection on your purchases. The extended warranty benefit automatically doubles the manufacturer’s warranty for up to one additional year on most items purchased with your card, saving you from potential repair costs down the road.
• Car Rental Discounts: Hit the road for less! As a BMO CashBack Mastercard holder, you can enjoy discounts of up to 25% on car rentals at participating National Car Rental and Alamo Rent A Car locations worldwide. This is a great way to save on your travel expenses.
• Zero Dollar Liability: Your security is a top priority. With the Zero Dollar Liability feature, you’re protected from unauthorized transactions. If your card is used without your permission, you won’t be held responsible for the fraudulent charges.
• 24/7 Customer Support: Get help whenever you need it. BMO offers round-the-clock customer support, so you can always speak to someone if you have questions or concerns about your account.
• Worldwide Acceptance: As a Mastercard®, this card is accepted at millions of locations worldwide, giving you the freedom and flexibility to use it wherever your travels take you.
• Contactless Payment: Enjoy the speed and convenience of contactless payment. Simply tap your card at enabled terminals for quick and secure transactions, making your checkout experience smoother than ever.

Who Can Apply: Your Guide to Eligibility

To be eligible for the BMO CashBack Mastercard, you’ll need to meet the following criteria:

• Be a Canadian citizen or permanent resident.
• Have reached the age of majority in your province or territory.
• Have a good credit history.
• Meet the minimum annual income requirement of $15,000 for an individual or $20,000 for a household.

How to Apply: Your Simple Steps to Savings

Applying for the BMO CashBack Mastercard is a quick and easy process. You can apply online in just a few minutes by following these simple steps:

1. Visit the BMO website and navigate to the credit cards section.
2. Select the BMO CashBack Mastercard and click “Apply Now.”
3. Fill out the secure online application with your personal and financial information.
4. Review your application and submit it.
5. You’ll receive a decision in as little as 60 seconds.

Frequently Asked Questions

Here are some of the most frequently asked questions about the BMO CashBack Mastercard:

• How do I redeem my cash back?
  You can redeem your cash back as a direct deposit to a BMO account or as a statement credit.
• Is there a minimum amount I need to redeem?
  Yes, you need a minimum of $1 in cash back to redeem.
• Are there any travel benefits?
  Yes, you can get discounts on car rentals at participating National Car Rental and Alamo Rent A Car locations.
• What is the Zero Dollar Liability feature?
  This feature protects you from unauthorized transactions on your card.

CREDIT CARD

BMO Cashback MasterCard

5% cash back $0 annual fee

APPLY NOW You will be redirected