BMO CashBack® Mastercard®
BMO · MASTERCARD
The BMO CashBack® Mastercard® is a credit card from BMO on the MASTERCARD network. It has an annual fee of C$0. It earns 0.50% on everything else. The welcome offer is Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
Key facts
- Annual fee
- C$0
- Purchase APR
- 21.99%
- Network
- MASTERCARD
- Welcome offer
- Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
Reward rates by category
| Category | Rate | Detail |
|---|---|---|
| Everything else | 0.50% | 0.5% on all other purchases |
Benefits and perks
- Enjoy the most cash back on groceries in Canada without paying an annual fee: Based on a comparison of the non-promotional grocery rewards earn rates on cash back credit cards with no annual fee and no bank account balance requirement as of August 01, 2025.
- Turn everyday purchases into cash rewards
- 0.5% cash back: On all other purchases, so you earn every time you spend.
- Save on groceries and more with complimentary Instacart+: Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card. Terms apply.
- BMO PaySmart™ Installment Plans: Live now, pay smarter with a BMO PaySmart plan by turning your credit card purchases into smaller, monthly payments at a low cost.
Rates and fees
Annual membership fee: C$0. Purchase APR: 21.99%, based on creditworthiness and the Prime Rate. Cash advance APR: 23.99%.
Rates and fees as published by the issuer and recorded on 8 Sept 2026. See the issuer's terms for current rates. View the issuer's terms
Questions about the BMO CashBack® Mastercard®
What is the annual fee on the BMO CashBack® Mastercard®?
The BMO CashBack® Mastercard® has an annual fee of C$0.
What rewards does the BMO CashBack® Mastercard® earn?
The BMO CashBack® Mastercard® earns 0.50% on everything else.
Is the BMO CashBack® Mastercard® worth it?
The BMO CashBack® Mastercard® is worth it when the rewards you would earn on your own spending exceed its annual fee. Upload a statement to Woodo and the calculation runs against your real categories rather than an assumed budget.
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