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BMO CashBack Mastercard
MASTERCARDCash back on everyday spending
BMO CashBack Mastercard
7.3Canada Cards ScoreVery goodGet up to 5% cash back in your first 3 months
Annual fee No feePurchase APR 21.99%Verified 2026-06-13
Apply on BMO →Why get this card
- ✓No annual fee
- ✓Earn 3% on groceries
Pros
- +No annual fee
- +Strong 3% earn on groceries
Cons
- -High 21.99% purchase interest rate
Earn rates
- Groceries3%
up to $500 spent for a given statement period
- Recurring bill payments1%
- Other purchases0.5%
Welcome offer
Get up to 5% cash back in your first 3 months
- Bonus points
- —
- Minimum spend
- —
- Spend window
- —
- Offer ends
- —
0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
Fees
- Annual fee
- No fee
- Additional card
- —
- Foreign transaction fee
- —
Interest rates
- Purchase APR
- 21.99%
- Cash advance APR
- 23.99%
- Balance transfer APR
- 21.99%
- Grace period
- —
- Rate effective date
- —
Benefits & insurance
- Lounge access
- —
- Insurance coverages
- 3
- Extended Warranty Insurance
- Purchase Security Insurance
- Credit Card Balance Protection
Redemption & eligibility
- Reward currency
- cash back
- Redemption options
- Statement credit, BMO chequing or savings account, InvestorLine
- Transfer partners
- —
- Min. personal income
- —
- Min. household income
- —
Must be a Canadian citizen or permanent resident and meet income requirements.
How we scored it
7.3Very good- Everyday earn rateWeight 30
3% on Groceries
- Welcome valueWeight 25
No current welcome offer
- Annual-fee valueWeight 20
No annual fee
- Benefits depthWeight 15
3 insurance coverages
- Interest costWeight 10
21.99% purchase APR
Our editorial rating, computed only from sourced figures. See the full methodology.
Compare with similar cards
Learn before you apply
Frequently asked
- Is the BMO CashBack Mastercard worth it?
- It carries a No fee annual fee. No annual fee. Compare it against similar cards below before deciding.
- What is the annual fee and interest rate on the BMO CashBack Mastercard?
- The annual fee is No fee. The purchase interest rate is 21.99% and the cash advance rate is 23.99%. These are sourced from BMO's official page.
- What rewards does the BMO CashBack Mastercard earn?
- It earns up to 3% on groceries, in cash back. See the full earn-rate breakdown above.
More ways to compare
Official sources
Every figure on this page comes from BMO's own pages. Last checked 2026-06-13.
Cited, never sponsored
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