BMO Cashback Mastercard: Earn the Good Cashback on Groceries across Canada!

The BMO Cashback Mastercard provides an excellent cashback deal on grocery shopping nationwide, along with a generous 5% cashback for the initial 3 months.

The credit card comes with great features for earning cash rewards on your everyday spending – learn how to apply.

SEE HOW TO APPLY

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BMO is a financial institution in North America with its headquarters in Chicago, offering services across the continent, including Canada.

BMO is the eighth-largest bank in North America, providing a range of banking services in both regions, such as credit cards.

The BMO Cashback Mastercard provides a 3% cashback on grocery purchases, 1% on recurring payments like subscriptions and utilities, and 0.5% on all other purchases, ensuring rewards for every dollar you spend.

Indulge in rewards that never expire, available for redemption at any time starting from just $1.

Cashback rewards have the flexibility to be deposited directly into your BMO checking or savings account, credited to your statement, or accessed through an InvestorLine account.

Moreover, BMO provides a convenient tool to assist in calculating your potential yearly cashback rewards.

During the initial three months of having the BMO credit card, you have the opportunity to receive a 5% cashback, provided that all requirements are fulfilled. This feature provides a comprehensive summary of the potential earnings.

The BMO card offers a starting credit limit that is personalized to suit your requirements, and there is a possibility for it to be raised as you use it more often.

New customers are eligible to receive a 5% cashback offer during the initial three months of using the credit card, instead of a cash welcome bonus.

The card does not have any yearly charges, with interest rates set at 20.99% for purchases and 22.99% for cash advances.

Applicants for the BMO Mastercard usually need to have a solid credit score, generally falling between 600 to 770.

You have the option to conveniently request the credit card via the bank’s customer service channels.

The card comes with several benefits, such as extended warranty and purchase protection, discounts at National Car Rental (up to 20%), on Cirque du Soleil tickets (up to 20% off), and on bookings made through Booking.com (up to 7% off).

BMO provides robust security measures through features such as financial monitoring and complimentary round-the-clock access to CreditView. This service allows you to conveniently review your credit score and access detailed transaction information.

To enhance security, the Mastercard offers zero liability protection and transaction alerts to verify your transactions.

The BMO PaySmart installment plan offers a convenient way to oversee your credit card transactions. In general, the BMO card is highly adaptable, particularly with its absence of yearly fees, which makes it a fantastic option for starting your credit history.