Annual fee
CA$0
Rewards rate
3%-0.5%
Welcome Bonus
CA$125
Apply Now →on BMO's website
- 3%Cash back on groceries
- 1%Cash back on recurring payments
- 0.5%Cash back on every day essentials
Welcome Bonus:
Get 5% cash back in your first 3 months on up to CA$2,500 in qualified spending.
Reward Rate:
Earn 3% cash back on groceries, 1% on recurring payments, and 0.5% on every day essentials.
The BMO CashBack® Mastercard® for Students stands out as the top choice because it offers a generous 5% cash back in the first three months, allowing students to maximize their rewards while building credit without any annual fee.
Pros:
- No annual fee
- High rewards on grocery purchases
Cons:
- Limited cash back on other categories
- Higher interest rates
The BMO CashBack® Mastercard® for Students is an ideal option for students seeking to build their credit history while earning cash back on everyday purchases. With no annual fee and a competitive introductory rewards rate, it is particularly suitable for those who want to manage their finances effectively during their studies.