Annual fee
CA$0
Rewards rate
3%-1%
Welcome Bonus
5% cash back
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 3% cash back on groceries and 1% on recurring bill payments.
What sets the BMO CashBack® Mastercard® apart is its straightforward cash back structure, making it an excellent choice for those who want to maximize their rewards on everyday grocery purchases without the burden of an annual fee.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited rewards on other categories
- Higher interest rates
The BMO CashBack® Mastercard® is well-suited for individuals looking for a no-annual-fee credit card that offers competitive rewards on everyday purchases, particularly groceries. Its simple cash back structure and attractive welcome bonus make it a practical option for consumers seeking to enhance their spending efficiency without incurring additional costs.