Annual fee
CA$0
Rewards rate
5%-1%
Welcome Bonus
CA$0
Apply Now →on BMO's website
- 3%Cash back on groceries
- 1%Cash back on recurring bill payments
Welcome Bonus:
Get up to 5% cash back in your first 3 months.
Reward Rate:
Earn cash back on everyday purchases.
The BMO CashBack Mastercard shines for its straightforward cash back rewards structure, allowing users to earn up to 3% back on groceries without any annual fee. This card is particularly appealing for those who want to maximize their cash back on everyday spending.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited to specific categories
- Cash back redemption minimum
The BMO CashBack Mastercard is well-suited for consumers seeking a no-annual-fee card that offers competitive cash back rewards, particularly on grocery purchases. Its straightforward rewards structure makes it an attractive option for individuals who prioritize simplicity and value in their everyday spending.