Interested in this credit card? Earn by applying through Frugal Flyer.
The BMO CashBack Mastercard earns 3% cash back on grocery purchases, on up to $500 in spend per statement period.
Rewards Rates
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.
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
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70,000 VIPorter Points and $125 FlyerFunds Estimated value: $1,175 Ends Jul 1, 2025 |
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7,000 AIR MILES and $75 FlyerFunds Estimated value: $1,125 Ends Jun 1, 2026 |
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120,000 BMO Rewards and $100 FlyerFunds Estimated value: $904 Ends Jun 1, 2025 |
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90,000 BMO Rewards and $75 FlyerFunds Estimated value: $678 Ends Jun 1, 2025 |
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40,000 VIPorter Points and $75 FlyerFunds Estimated value: $675 Ends Jul 1, 2025 |
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