Offers
Welcome Bonus
Eligible new applicants for the BMO CashBack Mastercard can receive a welcome bonus of up to $125 cash:
- Earn 5% cash back 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
Instacart+ & Monthly $5 Credit
Cardholders who enroll their BMO CashBack Mastercard can enjoy three months of Instacart+ and a $5 monthly Instacart credit.
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 | $0 |
| Household Income | $0 |
| Annual Fee | $0 |
| 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.
Other BMO Cards
| Credit Card | ||
|---|---|---|
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200,000 BMO Rewards points and $100 FlyerFunds Estimated value: $1,440 Ends Oct 31, 2026 |
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70,000 VIPorter points and $125 FlyerFunds Estimated value: $1,175 Ends Oct 31, 2026 |
|
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100,000 BMO Rewards points and $125 FlyerFunds Estimated value: $795 Ends Oct 31, 2026 |
|
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40,000 VIPorter points and $100 FlyerFunds Estimated value: $700 Ends Oct 31, 2026 |
|
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$480 cash back and $125 FlyerFunds Estimated value: $605 Ends Oct 31, 2026 |
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Legal
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