Per dollar of purchases
There may be a daily maximum amount depending on the type of fees paid
The BMO CashBack Mastercard is a no-annual-fee, cash-back credit card. With the BMO CashBack Mastercard, you can earn 5% cash back for the first three months. This represents a maximum welcome bonus of $125 :
Then you get a cash back rate of:
Finally, you can also get a welcome interest rate of 0.99% on balance transfers for nine months.
5% cash back for the first three months.
3% on grocery purchases, 1% on recurring bill payments and 0.5% on other purchases.
Yes, it’s the highest rate with no annual fee.
A welcome interest rate of 0.99% for nine months, with a 2% fee on the transfer amount.
No, the BMO CashBack Mastercard has no annual fee.
Yes, additional cards are available free of charge.
Extended warranty and purchase insurance included.
*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.
*BMO CashBack Mastercard applications must be received between September 2, 2022 and June 1, 2025 to receive the 5% cash back welcome bonus offer. The 5% earn rate applies to qualified spend up to $2,500 (up to $500 qualified spend on grocery, up to $500 qualified spend in recurring bill payments, and up to $1500 qualified spend on all other purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the welcome offer period, with a maximum of $125 cash back. Please see details as follows:
a) Grocery purchases: Receive 3% cash back on the first $500 spent on eligible grocery purchases (made at merchant locations in Canada classified by Mastercard’s “Merchant Category Code” as “grocery stores and supermarkets” MCC 5411) per billing cycle period and an additional 2% bonus cash back up to a maximum of $500 spent on all combined grocery purchases in the first three (3) billing cycles. In total, you could earn up to $25 cash back from qualified grocery spend in the welcome offer period.
b) Recurring Bill Payments: Receive 1% cash back on the first $500 spent on eligible recurring bill payments made at merchant locations in Canada (defined as payments made on a monthly or regular basis, and which are automatically billed by the merchant to your BMO CashBack Mastercard per billing cycle and an additional 4% bonus cash back up to a maximum of $500 spent on all qualified recurring bill payments in the first three (3) billing cycles. You will not earn any bonus cash back on recurring bill payments that are also classified as grocery, transit or gas and electric vehicle charging purchases as described above (classified by Mastercard’s “Merchant Category Code”) and are subject to the bonus capping rules of eligible grocery, transit or gas and electric vehicle charging purchases. In total, you could earn up to $25 cash back from qualified recurring bill payments in the welcome offer period.
c) All other purchases: Receive 0.5% cash back on purchases and an additional 4.5% bonus cash back up to a maximum of $1,500 spent in the first three (3) billing cycles. In total, you could earn up to $75 cash back from qualified purchases.
d) The 5% bonus cash back offer is limited to new BMO CashBack Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. If you cancel your card within ninety (90) days from the date your account is opened, all CashBack Rewards earned within that period will be cancelled. This offer may be withdrawn or changed without notice.
Savings are here (if you don’t see the sign-up form, please click here):
