Annual fee
CA$0
Rewards rate
3%-1%
Welcome Bonus
Up to CA$250
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 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.
This card is particularly appealing for its high cash back on groceries, making it a great option for families and frequent shoppers.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited to specific categories for maximum rewards
- Cash back is capped on certain categories
The BMO CashBack Mastercard is a strong contender for those who prioritize cash back rewards, especially on grocery purchases, making it suitable for families and frequent shoppers looking to maximize their savings without incurring an annual fee. Its welcome bonus further enhances its appeal for new applicants seeking to benefit from immediate rewards.