Annual fee
CA$0
Rewards rate
3%-0.5%
Welcome Bonus
up to 5%
Apply Now →on BMO's website
- 3%Cash back on groceries
- 1%Cash back on recurring bill payments
- 0.5%Cash back on all other purchases
Welcome Bonus:
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months.
Reward Rate:
Get 3% cash back on groceries and 1% back on recurring bill payments.
The BMO Cash Back Mastercard is the best option for those who want to earn cash back on everyday purchases, especially groceries, while enjoying a no annual fee structure.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Higher interest rates
- Limited cash back on other purchases
The BMO Cash Back Mastercard is a suitable option for consumers looking to maximize cash back rewards on everyday expenses, particularly grocery shopping, without incurring an annual fee. This card may appeal to those who prefer a straightforward rewards structure and value the potential for a welcome bonus.