BMO CashBack® Mastercard®* for students

BMO CashBack® Mastercard®* for students

The Best BMO No-Fee Cash Back Credit Card for Students. Earn 3% cash back on grocery purchases.

Take advantage of this limited-time welcome offer!

Welcome Bonus

Up to 100 $ cash back

Best For

Year 1


Years 2 and +


Annual Fee


Interest rates
Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

22.99 %

Your Monthly Spending


  • The best cash back credit card for students
  • Welcome offer: Get 5% cash back in your first 3 months*
  • Then get:
    • 3% cash back on grocery purchases,
    • 1% cash back on recurring bill payments
    • 0.5% unlimited cash back on all other purchases!*
  • Now earn the highest cash back on groceries in Canada without paying an annual fee!†
  • Get cash back every time you spend, plus start building a healthy credit history
  • Receive a discount on car rentals*

Fees & Conditions

Personal Income $0
Household Income $0
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%
Cash Advance Rate (QC) 21.99%
Balance Transfer - Promotional Rate 1.99%


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $40
  • Unlimited access = $400 (the value of 10 annual visits)


Welcome Bonus Up to $100 cash back
Minimum Spending Required $1,000
Minimum Spending Timeframe 90 day(s)


All Spending 0.5%
Drugstores 0.5%
Groceries 3%
Convenience Stores 0.5%
Gas 0.5%
Telecom/Internet 0.5%
Local Transport 0.5%
Streaming services 0.5%
Dining and Food delivery 0.5%
Online transactions 0.5%
Recurring Payments 1%
Office Supplies 0.5%
Travel 0.5%
Entertainment 0.5%


Purchase Protection
Purchase Protection - Duration 90 day(s)
Extended Warranty
Extended Warranty - Duration 1 year