Annual fee
CA$0
Rewards rate
3%-1%
Welcome Bonus
CA$200
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.
This card shines for its straightforward cash back structure, offering 3% on groceries, making it a great option for those who prioritize grocery spending. The lack of an annual fee further enhances its appeal for everyday use.
Pros:
- No annual fee
- High cash back on groceries
Cons:
- Limited to specific categories for high rewards
- Lower cash back on other purchases
The BMO CashBack Mastercard is well-suited for individuals who regularly spend on groceries and prefer a straightforward cash back rewards program without an annual fee. Its competitive rewards rate on essential purchases makes it a practical choice for budget-conscious consumers seeking to maximize their everyday spending.