BMO CashBack Mastercard

Unlock Cash Back Rewards with BMO CashBack Mastercard

CREDIT CARD
BMO CASHBACK MASTERCARD
NO ANNUAL FEE GENEROUS CASH-BACK REWARDS
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Key Advantages provided by BMO CashBack Mastercard

Generous Cash-Back Rewards
The main appeal of the BMO CashBack Mastercard is its straightforward and lucrative rewards program. Cardholders earn cash back on all purchases, with higher rates for certain spending categories. For instance, grocery purchases earn an impressive 3% cash back, while transportation costs, including ride-shares and public transit, earn 1%. All other purchases earn a flat 0.5% cash back. This structure makes it easy to earn rewards on everyday expenses without the need for complex point systems.

No Annual Fee
One of the biggest advantages of the BMO CashBack Mastercard is that it has no annual fee. This feature ensures that cardholders can enjoy the benefits of the card without worrying about recurring costs eating into their rewards. It’s a great option for budget-conscious consumers who want a rewards card without added financial obligations.

Flexible Redemption Options
Flexibility in redeeming cash-back rewards is another highlight of the BMO CashBack Mastercard. Cardholders can choose to redeem their rewards in several ways: as a statement credit, a direct deposit into a BMO chequing or savings account, or as contributions to a BMO investment account. This flexibility allows users to tailor their rewards to their financial needs, whether it’s reducing their credit card balance or boosting their savings.

Is there a limit to how much cash back I can earn?

While there may be caps on the amount of cash back you can earn within a certain period, such as monthly or annually, the BMO CashBack Mastercard allows you to earn rewards on all eligible purchases without restriction

How can I redeem my cash back rewards?

Redeeming your cash back rewards is easy. You can typically redeem them as a statement credit to offset your card balance, deposit them into a BMO bank account, or use them towards other rewards, such as travel or merchandise, through the BMO Rewards program.

Is there a minimum spending requirement to earn cash back?

The BMO CashBack Mastercard may have specific terms and conditions regarding minimum spending requirements to qualify for cash back rewards. Be sure to review the card’s terms and conditions for full details.

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How to Apply for BMO CashBack Mastercard

Ready to start earning cash back rewards with the BMO CashBack Mastercard? Applying is simple. Visit the BMO website or a nearby branch to begin your application process. Provide your personal details and financial information, and BMO will assess your eligibility promptly.

Start maximizing your rewards and enjoying the benefits of cash back with the BMO CashBack Mastercard today.

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Written By

Peter Campbell

Peter Campbell is a seasoned finance writer, known for concise and informative articles on personal finance, investing, and wealth management. With expertise in simplifying complex topics, Peter empowers readers to make informed financial decisions. Trusted by many, Peter's articles have gained recognition for their practicality and clarity.

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