BMO CashBack Mastercard
BMO
Annual fee
CA$0
Rewards rate
1%-0%
Welcome Bonus
CA$125
- 1%Cash back on all purchases
Welcome Bonus:
Up to CA$125 cash back on eligible cards when paired with the BMO Newcomer banking bundle.
Reward Rate:
1%-0%
What sets the BMO CashBack Mastercard apart is its straightforward cash back structure, allowing cardholders to earn 1% on all purchases, making it a reliable choice for newcomers who want a simple rewards program without the hassle of complicated tiers.
Pros:
- No annual fee
- Cash back on all purchases
Cons:
- Lower cash back rate compared to other cards
- Limited rewards structure
The BMO CashBack Mastercard is an appealing option for individuals seeking a no-annual-fee credit card that offers a straightforward cash back rewards structure. With a consistent 1% cash back rate on all purchases and a welcome bonus, it is particularly suitable for those new to credit cards or those who prefer uncomplicated reward systems.