BMO Cashback Mastercard for Students: Card with Benefits for Starting a Credit Life!

The BMO Cashback Mastercard for Students provides new cardholders with an attractive welcome offer of earning up to 5% cashback in the initial 3 months of using the card.

This free card caters to students who are beginning their journey in life and has been honored with several accolades from different Canadian organizations—learn how to apply.

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BMO stands out as one of the leading financial institutions in Canada, offering a wide range of services customized to meet diverse customer requirements.

This guarantees that you have choices that are appropriate for different life stages, especially during the student years when income is constrained.

The BMO Cashback Mastercard designed for students has received prestigious accolades, being named the top student credit card by creditcardGenius, ratesdotca, and Milesopedia.

This particular card provides cashback advantages, such as receiving 3% back when shopping at grocery stores, regardless of the items purchased. Additionally, for recurring payments, you can earn 1% cashback.

Moreover, you have the opportunity to receive a 0.5% cashback on any other transactions, and there are various options available for cashing in your earnings.

Student credit cards usually come with lower initial credit limits, usually ranging between $500 and $1,000, although BMO may offer higher limits.

Yes, the credit card provides a 5% cashback incentive for the initial three months with the BMO credit card.

The BMO credit card provides a 5% cashback promotion for the initial three months. This card does not have an annual fee and features an interest rate of 20.99% for purchases and 22.99% for cash advances.

The criteria for eligibility for a student credit card are less stringent in comparison to conventional credit cards.

Furthermore, the BMO card application procedure can be entirely finished through the online platform, following the usual practice of the bank.

You have the option to claim your cashback by either having it transferred to a BMO account or applied as a credit on your statement. You can choose between receiving a one-time payment or a fixed recurring amount.

The BMO platform offers a useful tool known as a cashback calculator, which helps you estimate the amount you could earn by using the credit card for your everyday purchases in Canada.

This card offers a variety of features and security measures, such as the convenient option to lock and unlock your card using the app.

BMO provides valuable financial advice, with the option to keep track of your credit score. You can enjoy free 24/7 access and receive updates through CreditView to observe the impact of various actions on your score.

Moreover, the card provides full protection against unauthorized transactions, and also sends alerts to keep you informed about successful payments.

As a globally renowned brand, Mastercard is widely embraced across the globe.

Interested in exploring a different alternative?

BMO provides a variety of credit card choices, such as the BMO World Elite Cashback Mastercard that stands out for offering the highest cashback on grocery purchases in Canada.

The card offers a diverse range of cashback rates, enabling you to collect substantial amounts depending on your expenditure. Discover the application process.

SEE HOW TO APPLY