BMO CashBack Mastercard
Annual Fee
$0.00
Interest Rate
19.99%
Balance Transfer
22.99%*
Cash Advance
22.99%
Credit Score
Good
Rewards
1.00%*
- Welcome offer: Get up to 5% cash back in your first 3 months and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.
- Then get 1% cash back on all credit card purchases!
- Get up to 25% off rentals at participating National Car Rental and Alamo Rent A Car locations.
- Earn even more cash back by adding additional cardholders for free.
- Purchase protection and extended warranty on most items bought with your card.
You must be a Canadian resident
You must be the age of majority in your province/territory of residence.
Summary
BMO CashBack Mastercard allows its holders to earn cash back on all purchases. This card comes with a welcome offer of up to 5% cash back in your first 3 months, and a 1,99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee!
Our Review
BMO CashBack Mastercard
BMO CashBack Mastercard allows its holders to earn cash back on all purchases. The card comes with purchases protection and extended warranty, no annual fee, and not much else: it’s a simple cash-back card without whistles or bells. This card comes with a welcome offer of up to 5% cash back in your first 3 months, and a 1,99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee. The BMO CashBack MasterCard offers modest rewards, the potential to save on balance transfers, and that’s about all.
As per our rating system, this card scored 18/25 on rewards, 18/25 on interest rates and balance transfers, 8/25 on perks and insurance, and 25/25 on annual fees. Therefore, the total smart score of this card is 69/100.
Pros
- No annual fee
- Welcome offer: Get up to 5% cash back in your first 3 months and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.
- Then get 1% cash back on all credit card purchases!
- Get up to 25% off rentals at participating National Car Rental and Alamo Rent A Car locations.
- Additional cards come with no annual fee.
- Get purchase protection and extended warranty on most items.
Cons
- The cash back rate is a relatively low 1%