Explore How to Apply for the BMO Cashback Mastercard
The BMO Cashback card is designed especially for individuals who want to earn cashback easily and safely on their purchases. It’s certainly worth checking out!
What should I consider before applying?
The BMO Cashback Mastercard offers new customers up to 5% cashback rewards during the first three months of use.
CREDIT CARD
BMO Cashback
Need a card for grocery shopping? Apply today.
GO TO OFFICIAL WEBSITE* You will be directed to an external website
BMO is a recognized bank throughout North America, serving clients in both the U.S. and Canada, and is known for its excellent service and professionalism.
The bank provides a wide array of financial services, from account management to various credit card options.
The BMO Cashback Mastercard stands out as a top choice, known for its generous cashback program and no annual fee. The credit limit adjusts based on the applicant’s financial profile.
This card comes with an introductory deal that includes two major benefits: 5% cashback on all purchases during the first 3 months and a low 0.99% rate for balance transfers in the first 9 months.
Once the promotional period ends, a 2% transfer fee will apply, along with a standard purchase rate of 20.99%.
Regarding cashback, the card offers 3% back on groceries, ideal for everyday food costs; 1% back on regular bills such as utilities and subscriptions; and 0.5% on all other purchases.
You can cash out your rewards anytime with no expiry, as long as your account is active.
Redemption starts at $1 and can be applied as a statement credit, transferred to a checking or savings account, or sent to an InvestorLine account.
Continue reading for more details about this card.
Who Can Apply for This Card?
The BMO Cashback card follows industry standards with straightforward eligibility criteria for applicants.
Eligibility requires you to be of legal age in your province or territory, typically between 18 to 19 years based on your location.
Additionally, you should not have declared bankruptcy within the last seven years.
BMO typically seeks applicants with a good credit score, generally between 600 and 700. Unlike some other credit cards, there’s no minimum income requirement. Nonetheless, your approval will be based on the bank’s evaluation of your specific circumstances.
What’s the Application Process for the BMO Cashback Mastercard?
To start your application, click the ‘Apply Now’ button, which will take you to the application form. First, you’ll need to indicate whether you possess a BMO debit card.
If not, you will be asked to confirm whether you have a Canadian address.
You’ll need to submit the following details:
- Name (last name optional) & date of birth
- Email & phone number
- Address, housing status, & payment
- Income & banking info
After submission, BMO will review your profile and get back to you promptly.
If you have any questions, feel free to contact BMO directly.
CREDIT CARD
BMO Cashback
* You will be directed to an external website
Extra Details
This card empowers you to effortlessly oversee your finances via the app, letting you lock or unlock your card and report any issues that arise.
You can also monitor your credit score using CreditView, which provides a thorough overview of all your transactions.
In terms of security, you’re covered with zero liability for unauthorized transactions, BMO alerts, and Mastercard Identity Check, making your online shopping secure.
Additional perks include a free supplementary cardholder, extended warranty options, and discounts up to 20% for National Car Rental, 20% off Cirque du Soleil shows, and up to 7% off prepaid hotel bookings through Booking.com.
Consider using the BMO PaySmart installment plan for your purchases.
This credit card is ideal for individuals looking to build their credit and raise their scores over time. It’s also a great choice for everyday purchases, particularly for those in search of an economical card.
Interested in another choice?
The MBNA Rewards is an excellent World Elite card that offers about 30,000 points when you activate it and fulfill basic requirements—a fantastic option for travelers.
It provides 5 points for every dollar spent on groceries, an annual bonus, and concierge services. Learn how to apply now.
