BMO CashBack Mastercard for Students | 5% Cash Back | Milesopedia

BMO CashBack® Mastercard®* for students

BMO CashBack® Mastercard®* for students
Welcome Bonus
Up to $100 cash back
Annual Fee
  • No annual fee
  • 3% cash back on groceries
  • Accepted at Costco
Interest rates
Purchase Rates
20.99 %
Cash Advance Rates
22.99 %
Balance Transfer Rates
22.99 %
Best Cash Back Student Credit card


  • 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
Annual Fee $0
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%
Cash Advance Rate (QC) 21.99%


Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value


Welcome Bonus amount Up to $100 cash back
Minimum Spending Required $1,000
Minimum Spending Timeframe (Months) 3 month(s)


Per dollar of purchases

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


Travel Insurance

Insurance Name
Travel Medical Insurance
Travel medical insurance up to 54 years old
Travel medical insurance up to 64 years old
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
Flight Delay Insurance
Delayed Baggage Insurance
Lost/Stolen Baggage Insurance
Auto Rental Loss/Insurance
Hotel/Motel Burglary Insurance

Other Insurance

Insurance Name
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
Price Protection

Our review

The BMO® CashBack® Mastercard®* for students is perfect for students. You can get 5% cash back in the first three months.

Also, this card comes with 90 days of protection for your purchases and an extended warranty of one year!