Annual fee
CA$0
Rewards rate
3%-1%
Welcome Bonus
Up to 5% cash back
Apply Now →on BMO's website
- 3%Cash back on groceries
- 1%Cash back on recurring bill payments
Welcome Bonus:
In your first 3 months on categories like groceries.
Reward Rate:
Earn 3% cash back on groceries and 1% on recurring bill payments.
The BMO CashBack Mastercard is an excellent choice for those who want to earn cash back without the burden of an annual fee. With a strong focus on grocery spending, it provides a straightforward rewards structure that appeals to everyday consumers.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited to specific categories
- Higher rates for cash advances
The BMO CashBack Mastercard is well-suited for everyday consumers, particularly those who prioritize grocery spending and prefer a no-annual-fee credit card. Its straightforward rewards structure and attractive cash back rates make it a practical option for individuals looking to maximize their cash back on regular purchases.