Offers
Welcome Bonus
Eligible new applicants for the BMO CashBack Mastercard can receive a welcome bonus of up to $125 cash:
- Earn 5% cashback on purchases up to $2,500 spend ($500 on grocery, $500 on recurring bill payments, and $1,500 on everyday purchases; up to $125 in cashback) in your first 3 months
FlyerFunds Rebate
Plus, if you apply for the BMO CashBack Mastercard through Frugal Flyer and are approved, you can receive an additional $50 paid directly to you.
Earning Cash Back
The BMO CashBack Mastercard earns cash back for all purchases made on the card:
- 3% cash back on all grocery purchases, up to $500 per statement period.
- 1% cash back on all recurring bill payments, up to $500 per statement period.
- 0.5% cash back on all other purchases.
Once the cardholder reaches $500 in spending in the accelerated cashback category during a statement period, all remaining purchases in that category will earn 0.5% cash back until the next statement.
Redeeming Cash Back
BMO CashBack Mastercard cardholders can redeem their earned cash back as long as the cash back earned balance is greater than $1, or you can set up automatic recurring redemptions which will trigger at the end of the billing cycle if the balance is over $25. Cashback deposits take 2-5 business days following the request or billing cycle.
The cash back balance can be redeemed in one of three ways:
- Used as a statement credit on your monthly bill
- Deposited into a BMO chequing or savings account
- Deposited into your InvestorLine account
Benefits
Up To 7₵/L Discount on Fuel at Shell
Cardholders who link their BMO CashBack Mastercard with their AIR MILES collector number will receive a $0.02 per litre discount on regular fuel (Shell Bronze and Shell Silver) and a $0.07 per litre discount on premium fuel (Shell V-Power NiTRO+ or Shell V-Power NiTRO+ 91 or Shell VPower NiTRO+ 93) purchased at Shell gas stations. This discount is available up to a maximum of 1,000 litres per month.
Rental Car Discounts
Cardholders can save up to 20% on National Car Rental and Alamo Rent A Car and up to 5% on Enterprise Rent-A-Car at locations worldwide using the Car Rental Booking tool.
Fees & Eligibility
| Personal Income | $15,000 |
| Household Income | $15,000 |
| Annual Fee | $0.00 |
| Foreign Exchange Fee | 2.50% |
| Purchase Rate | 21.99% |
| Cash Advance Rate | 23.99% |
| Balance Transfer Rate | 23.99% |
Insurance Coverage
The BMO CashBack Mastercard offers two types of insurance coverage:
- Purchase security: Coverage for accidental physical damage or theft for 90 days from the date of purchase
- Extended warranty insurance: Extend the manufacturer’s original warranty up to one additional year
Refer to the BMO Cashback Mastercard insurance certificate for additional details, including terms and conditions for eligibility.
Top BMO Cards
| Credit Card | ||
|---|---|---|
 |
7,000 AIR MILES and $125 FlyerFunds Estimated value: $1,175 Ends Aug 31, 2025 |
|
 |
70,000 VIPorter Points and $125 FlyerFunds Estimated value: $1,175 Ends Jan 31, 2026 |
|
 |
120,000 BMO Rewards and $100 FlyerFunds Estimated value: $904 Ends Jan 31, 2026 |
|
 |
90,000 BMO Rewards and $125 FlyerFunds Estimated value: $728 Ends Jan 31, 2026 |
|
 |
40,000 VIPorter Points and $100 FlyerFunds Estimated value: $700 Ends Jan 31, 2026 |
|
Disclaimer: these responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.