Are you looking for a credit card? Consider the BMO Cashback Mastercard: no annual fee, accessible rates, great credit limit, and exclusive discounts! Find out what you need to have this card in your pocket:
Eligibility and required documentation
You need to:
✅ Be a Canadian Citizen or permanent resident
✅ Be of legal age in your province
✅ Have not filed for bankruptcy in the last 7 years
✅ Meet the minimum income requirements
Provide the following documents:
- Valid Canadian Government ID
- Up-to-date proof of residence
- Proof of income
Approval is subject to credit analysis by BMO, and additional documentation may be requested. Only the Bank of Montreal can authorize your application, so stay tuned to the bank’s communication channels.
How to apply for the BMO Cashback Mastercard?
To apply for the BMO Cashback Mastercard, visit the official BMO website and look for the credit card section. The process is streamlined for current BMO customers, who can log in for a faster application. New customers will need to fill out a form with personal, financial, and contact information.
Fill out the form, attach the documentation, and wait for the analysis period. Take the opportunity to learn about maximizing cashback benefits during the first year of use, especially the welcome offer that includes up to 5% cashback on all purchases in the first 3 months.
How to pay the monthly bills of the BMO Cashback Mastercard?
Payments for the BMO Cashback Mastercard bills can be made directly through BMO’s Online Banking, by automatic debit from a BMO checking account, or at a physical branch. It’s recommended to schedule payments before the due date to avoid late fees and maximize the card’s cashback potential.
Fees and costs
This card has an annual interest rate of 20.99% on purchases and 22.99% on cash advances (21.99% for Quebec residents). There is no annual fee, maximizing the return from obtained cashback. Fees for late payment or exceeding the credit limit may apply.
An overview
The BMO Cashback Mastercard is an excellent choice for those looking to maximize their rewards without paying an annual fee. With up to 3% cashback on grocery purchases, 1% on recurring payments, and 0.5% on all other purchases, plus exclusive benefits like fuel discounts and advanced security, this card stands out in the Canadian market. Remember, responsible card use is key to maximizing your benefits without incurring debt.
Ready to do more with your daily purchases?
Apply for the BMO Cashback Mastercard today and start seeing your money come back to you.