See How to Apply for BMO Cashback Mastercard

What should I be aware of before submitting my application?

The BMO Cashback Mastercard provides new cardholders with the opportunity to earn cashback bonuses of up to 5% during the initial 3-month period of card usage.

BMO stands out as a leading bank in North America, catering to customers in both the U.S. and Canada, known for its excellent quality and expertise.

The financial institution offers a diverse selection of financial products, such as overseeing accounts and providing a variety of credit card choices.

Among its notable features is the BMO Cashback Mastercard, recognized for its impressive cashback incentives and absence of annual fees. The credit limit for this card is adaptable and determined by the applicant’s financial background.

The special offer for the card includes two key advantages: earning up to 5% cashback on all purchases for the initial 3 months and enjoying a promotional balance transfer rate of 0.99% for the first 9 months.

Following this timeframe, there will be a 2% transaction fee added, coupled with a purchase interest rate of 20.99%.

When it comes to cashback benefits, this card provides 3% cashback on grocery purchases, making it perfect for everyday food expenses; 1% cashback on recurring payments like subscriptions, utilities, and streaming services; as well as 0.5% cashback on all other purchases.

You can redeem the cashback at your convenience, without any time limit, as long as your account stays active.

Redemption begins at one dollar and can be utilized as a credit on a statement, deposited into a checking or savings account, or transferred to an InvestorLine account.

To discover more information about this card, keep reading.

Eligibility Criteria

The BMO Cashback card adheres to standard industry norms, offering clear eligibility requirements for potential applicants.

In order to be eligible, you must meet the age requirements specific to your province or territory, which may vary between 18 and 19 years old based on your location.

Moreover, it is required that you have not submitted for bankruptcy in the past seven years.

BMO typically looks for applicants with a solid credit score, usually falling between 600 and 700. It’s worth noting that, unlike certain other cards, there isn’t a set minimum monthly income required. Nonetheless, approval is contingent on the bank’s assessment of each unique situation.

What is the Process to Submit an Application for the BMO Cashback Mastercard?

To initiate the process for applying, simply select the ‘Apply Now’ button to access the application form. Initially, you will be required to specify if you currently possess a BMO debit card.

In case you are not able to provide this information, you will be inquired about having a Canadian address.

Next, you will be asked to supply the following information:

– Name in full (last name is not required) along with the date of birth

– Email and telephone contact

Please provide the following details: full address, current housing situation, and the monthly payment sum.

Listed below are the details regarding income and banking information.

Once you have submitted your application, BMO will carefully evaluate your profile and promptly deliver a response.

If you have any questions, please don’t hesitate to get in touch with BMO directly.

Further Information

You can utilize the card to have complete control over your finances through the app, such as the option to lock or unlock your card and report any arising issues.

You have the option to keep track of your credit score using CreditView. This tool offers a comprehensive summary of your transactions.

When it comes to security, your safety is guaranteed with no liability for unauthorized transactions, BMO purchase alerts, and Mastercard Identity Check for added protection during online purchases.

Additional benefits comprise a complimentary additional cardholder, extended warranty protection, and various discounts such as up to 20% with National Car Rental, up to 20% off on Cirque du Soleil shows, and up to a 7% reduction on prepaid hotel bookings via Booking.com.

You have the option to utilize the BMO PaySmart installment plan.

In general, this particular credit card is a great option for individuals aiming to establish credit and enhance their credit rating gradually. Moreover, it is ideal for everyday expenses, particularly for those in search of a budget-friendly card.

Interested in exploring a different choice?

The MBNA Rewards stands out as an exceptional World Elite credit card, providing approximately 30,000 points upon card activation and meeting the necessary criteria—a fantastic option for globetrotters.

When it comes to advantages, you’ll earn 5 points for each dollar spent on grocery shopping, receive an anniversary bonus, and have access to concierge services. Discover how to submit your application today.

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