BMO CashBack Mastercard

Last updated:

By CardFinder Editorial Team Affiliate Disclosure
BMO mastercard Best Budget Cashback

No annual fee

no-feecashbackgroceries
Apply Now

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Key Details

Annual Fee

$0

Network

mastercard

Credit Required

fair, good

Reward Type

cashback

Rewards Earn Rates

3x

Groceries

0.5x

Gas

0.5x

Dining

0.5x

Travel

0.5x

Everything Else

Highlights

  • No annual fee
  • 3% cashback on groceries
  • 1% on recurring bills and 0.5% on everything else
  • No minimum income requirement

Pros & Cons

Pros

  • + No annual fee
  • + Excellent 3% rate on groceries
  • + Good for building credit
  • + Low credit requirements

Cons

  • – Only 0.5% on general purchases
  • – No travel benefits
  • – No welcome bonus
  • – Limited perks

Who Is This Card For?

The BMO CashBack Mastercard is best suited for Canadians who prioritize no-fee, cashback, groceries spending. With no annual fee, it's an excellent choice for anyone who wants rewards without ongoing costs.

Benefits Breakdown

Ways to Reduce the Annual Fee

  • No fee to reduce - always free
  • Consider upgrading to BMO CashBack World Elite once income qualifies

Multi-Card Strategy

Good starter card. Pair with a dining-focused card like Simplii Cash Back Visa to cover more categories.

See full multi-card strategies →

Is this card worth it for you?

Use our rewards estimator to see how much you'd earn based on your spending.

Try Estimator

Frequently Asked Questions

Ready to Apply?

Visit the issuer's website to confirm current terms and apply.

Apply for BMO CashBack Mastercard

Affiliate link · Disclosure

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Cons

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cashbackgroceriesgasdining

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Cons

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Sources

Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.