There are four BMO credit cards that offer cash back:
The BMO® CashBack® Mastercard®* and BMO® CashBack® Mastercard®* for students have no annual fee. The first requires a minimum personal income of $15,000 while the second requires no minimum income.
With the welcome bonus, you get a 5% discount for the first three months, under certain conditions.
Then, the accumulation rate is:
The one used for this example is the BMO® CashBack® World Elite®* Mastercard®* which has the following features:
BMO CashBack® World Elite®* Mastercard®* is one of Canada’s best cash back Mastercard credit cards.
For a limited time, you will earn up to 10% cash back on select purchases for the first 3 months (that’s up to $260 cash back). Besides, the annual fee is waived in the first year!
With BMO CashBack® World Elite®* Mastercard®*, you get between 2% and 5% cash back on many categories of purchases:
Everywhere else, you’ll earn 1% cash back, including at Costco.
Finally, it is one of the only credit cards in its category to offer an extended warranty of 2 additional years.
Your cash back balance can be found on your monthly statement.
Then go to the BMO Cash Back website to begin the effortless process of using your BMO Cash Back.
Register if you are new to this site or login.
Bank of Montreal offers you multiple ways to use your BMO Cash Back. You can:
I decided to use my cash back earned last month to pay off a portion of my BMO® CashBack® World Elite®* Mastercard®*.
Two options:
Use the cursor to select the amount of credit. The minimum BMO cashback amount is $1 and must be a rounded dollar figure.
Then click on Next.
Then confirm the email address on file and click Next.
Review your BMO cashback redemption and the information on file. Read and accept the terms and conditions and then confirm your transaction.
Congratulations !
The BMO Cash Back redemption transaction is confirmed. With this, I will have $97 less to pay on my BMO credit card balance.
Also, a confirmation email will be sent within minutes.
On the next business day, the BMO Cash Back amount will appear on your BMO Cash Back credit card account.
For example, it showed up on my BMO credit card account when I used my previous rebate:
There you go ! It’s really easy to do.
This 10% welcome offer is awesome. It is very rare to have a 10% cash back card on groceries or gas!
However, there is a limit to the number of purchases eligible for this high percentage with the BMO® CashBack® World Elite®* Mastercard®*:
For a total of $260 in cash back earned over the first three billing cycles. All this, at no cost the first year!
The cash back rate on grocery purchases is excellent. Plus, it’s one of the only cards to offer a discount on electric vehicle recharging!
BMO Bank of Montreal offers several cash back credit cards:
To cancel a BMO Mastercard credit card, you can take the following steps:
It is important to note that cancellation of a credit card may result in fees, interest or outstanding balances to be paid. It is recommended that you review your BMO Mastercard credit card account details and discuss your options with BMO Customer Service before cancelling your card.
To change your address on BMO, you can follow these steps:
It is important to note that if you have multiple accounts with BMO, you may need to update your address for each account. It is also important to ensure that all your personal information, such as your phone number and email address, is up to date to ensure prompt and efficient communication with BMO.
To contact BMO Mastercard, you can follow these steps:
It is important to note that BMO Mastercard customer service hours may vary depending on your location. It is recommended that you check the hours of operation before calling to ensure that you can speak to a customer service representative.
You can use BMO points to redeem rewards or benefits offered through the BMO Rewards Program, such as flights, hotel stays, gift cards, cash back, branded products and more. Here are the steps to follow to use your BMO points:
Log in to your BMO account: Go to the BMO website and log in to your BMO Rewards account with your username and password.
Check your points balance: In your BMO Rewards account, check your points balance to see how many points you have available.
Browse the rewards available: Browse the rewards in the BMO Rewards Store to find the benefits that interest you. You can sort the awards by category, by award point or alphabetically.
Redeem your points: Once you have found a reward you are interested in, redeem your points by clicking the “Redeem” button and follow the on-screen instructions to finalize the redemption.
Receive your reward: Once you have redeemed your points, you will receive your reward or benefit, which will be delivered to the address of your choice.
It is important to note that available reward options and point costs may vary depending on your BMO Rewards account and region. It is recommended that you check your BMO Rewards account details for specific benefits and point costs.
Savings are here:
