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The BMO CashBack Mastercard costs nothing to keep.
Welcome offer
5% cash back for the first 3 months, up to $2,500 in spend
Year-one value: $125 — $125 offer value (issuer's estimate). How we count
Key facts
Annual fee$0
Purchase rate21.99%
Cash advance rate23.99%
Foreign transaction fee2.5%
Rewards0.5% - 3% cash back
NetworkMastercard
Card typeCredit card
Credit score neededGood
Pros
- No annual fee
- Impressive grocery cashback
- Multiple discounts
Cons
- Low base earn rate
- Limited insurance
All BMO cards · No annual fee cards · Cash back cards
Similar cards
| Card | Welcome offer | Extra cash back | Annual fee | Purchase rate | Cash advance | FX fee | |
|---|---|---|---|---|---|---|---|
 American Express | Up to $250 ($200 in first year)Est. value $200 | — | $119.88 | 21.99% | 21.99% | 2.5% | Apply → |
 Neo Financial | Get your first year annual fee waived ($149 value) exclusively through us.Est. value $149 | +$100 cash back | $1491st year free | 19.99% | 22.99% | 2.75% | Apply → |
 Neo Financial | Get your first year annual fee waived ($149 value) exclusively through us.Est. value $149 | +$100 cash back | $1491st year free | 19.99% | 22.99% | 2.75% | Apply → |
 Neo Financial | Get your first year annual fee waived ($149 value) exclusively through us.Est. value $149 | +$100 cash back | $1491st year free | 19.99% | 22.99% | 2.75% | Apply → |
Card data from FinlyWealth, updated 2026-11-08. Rates, fees and offers change often — confirm the current terms on the issuer's site before applying. crediteasy.ca is independent and does not provide financial advice.