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Pros & Cons
Pros
- +Welcome Bonus: Up to $125
- +Purchase protection included
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
The BMO CashBack Mastercard for Business is one of the best cashback Mastercard credit cards in Canada.
You can get a 10% discount for three months on purchases:
- gas purchases
- office supplies
- cell phone/internet payments
After that, you’ll get 1.5% on these purchases and 1.75% at Shell.
You can also benefit from a welcome interest rate of 0% on balance transfers for nine months (a 3% transfer fee applies).
Rewards
All Spending
0.75x
Cash Back pts per dollar
Gas
1.5x
Cash Back pts per dollar
Telecom
1.5x
Cash Back pts per dollar
Office
1.5x
Cash Back pts per dollar
Recurring
1.5x
Cash Back pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$279
$/yr
Estimated Value
$279
After Fees
+$279
1st Year Value
$404
incl. welcome bonus
Annual rewards breakdown
- Earn $125 Cash Back after $5,000 in purchases within the first 3 months
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Fees and interest rates
- Annual Fee$0
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate20.99%
- Balance transfer rate23.99%
- Cash advance rate23.99%
- Balance Transfer Promo0%
Intro period: 9 · Fee: 3%
Terms & Conditions
Card Features
Welcome offer:
- Get 10% cash back on gas, office supplies, and recurring cell phone/internet bill payments for 3 months
- 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*
- Get 1.75% cash back on purchases at Shell®†† gas stations
- Get 1.5% cash back on eligible gas stations, office supplies purchases and on your cell phone and internet recurring payments*
- 0.75% cash back on all other card purchases*
- Get up to 7 cents off per litre on all Shell®± fuel*
- No annual fee*.
Legal
*Terms and conditions apply
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information
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FAQ
What is the welcome offer on the BMO CashBack Business Mastercard?
10% discount on gasoline and office supplies for 3 months, and 0% discount on balance transfers for 9 months.
What are the discount rates after the welcome offer?
1.5% on gasoline, office supplies, telephone and Internet bills; 1.75% at Shell, and 0.75% on other purchases.
Is the card accepted at Costco?
Yes, it can be used at Costco stores in Canada.
Is there an annual fee for the BMO CashBack Business Mastercard?
No, this card has no annual fee.
What is the balance transfer policy for this card?
Interest rate of 0.00% on balance transfers for nine months, with a 3% transfer fee.
Are additional cards available for employees?
Yes, additional employee cards are available.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.