Annual fee
CA$0
Rewards rate
3%-1%
Welcome Bonus
5%
Apply Now →on BMO's website
- 3%Cash back on groceries
- 1%Cash back on recurring bill payments
Welcome Bonus:
Welcome bonus of up to 5% cash back in your first 3 months.
Reward Rate:
Get 3% cash back on groceries and 1% back on recurring bill payments.
The standout feature here is the high cash back rate on groceries, making it an excellent choice for those who prioritize grocery shopping in their spending.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited cash back on other categories
- Higher interest rates on cash advances
The BMO CashBack Mastercard is a suitable option for individuals who frequently spend on groceries, thanks to its competitive 3% cash back rate in that category. With no annual fee and a welcome bonus, it can also appeal to budget-conscious consumers looking to maximize rewards on everyday purchases.