BMO CashBack® Mastercard®*

BMO CashBack® Mastercard®*

BMO's best no annual fee cash back credit card. Earn 3% cash back on grocery purchases.

Take advantage of this limited-time welcome offer!

Welcome Bonus

Up to 100 $ cash back

Best For

Value
Year 1

$358

Years 2 and +

$258

Annual Fee

$0

Interest rates
Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

19.99 %

Your Monthly Spending

Offer

Offer
  • Welcome offer: Get 5% cash back in your first 3 months¹
  • Then get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!²abcd
  • Now earn the highest cash back on groceries in Canada without paying an annual fee!†
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred⁶
  • No annual fee³.
  • FREE additional cards
  • Extended Warranty⁵
  • Purchasing Protection⁵

Fees & Conditions

Personal Income $15,000
Household Income $15,000
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 19.99%
Cash Advance Rate (QC) 21.99%
Balance Transfer
Balance Transfer Intro Duration 9%
Balance Transfer - Promotional Rate 1.99%

Value

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

Advantages

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

Earnings

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%

Insurance

Purchase Protection - Amount $60,000
Purchase Protection - Duration 90 day(s)
Extended Warranty
Extended Warranty - Duration 1 year
Insurance Document Learn More
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