BMO SPC CashBack Mastercard
Last updated:
No annual fee
Opens issuer website
Key Details
Annual Fee
$0
Network
mastercard
Credit Required
student
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
- Free SPC membership included
- 3% cashback on groceries
- 1% on recurring bills, 0.5% on everything else
Pros & Cons
Pros
- + No annual fee
- + Free SPC student discount membership
- + 3% cashback on groceries
- + Good first credit card for students
Cons
- – Low base earn rate
- – Limited perks beyond SPC
- – Student-only card
- – Low credit limit typically
Who Is This Card For?
The BMO SPC CashBack Mastercard is best suited for Canadians who prioritize student, no-fee, cashback spending. With no annual fee, it's an excellent choice for anyone who wants rewards without ongoing costs. It's specifically designed for students building their credit history.
Benefits Breakdown
Additional Perks
- Free SPC membership (student discounts at 450+ retailers)
Ways to Reduce the Annual Fee
- No annual fee
- SPC membership alone is worth $10/year
Multi-Card Strategy
Great first card. After graduating, product-switch to BMO CashBack World Elite for better earn rates.
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.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
Apply for BMO SPC CashBack MastercardAffiliate link · Disclosure
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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.