BMO CashBack Mastercard

The BMO CashBack Mastercard offers no annual fee with 3% cashback on groceries and 1% on recurring bills, making it ideal for everyday spending.

Last checked on June 10, 2026. We may earn a commission when you click through.

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✓ No annual fee ✓ 3% cashback on groceries ✓ 1% on recurring bills
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BMO CashBack Mastercard

Mastercard · cashback

Our Verdict Recommended

This card is a practical choice for those who want to earn cashback without annual fees.

What it really costs

Annual fee No annual fee
APR Range 21.99% – 23.99%
Rewards3% groceries, 1% recurring bills, 0.5% everything else 3%

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Who it's for

Best for consumers who primarily spend on groceries and want to avoid annual fees.

Watch out

Consider the high APR if you carry a balance, as it may lead to significant interest charges.

The good and the not so good

  • No annual fee
  • 3% cashback on groceries
  • 1% on recurring bills
  • Cashback on all purchases
  • Widely accepted Mastercard
  • Higher APR of 21.99% to 23.99%
  • 0.5% cashback on other purchases
  • Limited bonus categories
  • No additional benefits like travel rewards

In-Depth Review

Offering **3% cashback on groceries** and **1% on recurring bills**, the BMO CashBack Mastercard is designed for those who prioritize everyday spending rewards. Without an annual fee, it appeals to budget-conscious consumers looking for simple rewards. However, the **APR ranges from 21.99% to 23.99%**, which is quite high, making it less favorable for those who might carry a balance. In terms of usability, this Mastercard is widely accepted across Canada, ensuring convenience. However, the card only offers **0.5% cashback on all other purchases**, which may not be attractive for those with varied spending. Unlike other cards that offer bonus categories or travel rewards, this card sticks to basic cashback, limiting its appeal to frequent travelers. Our editorial team suggests checking the official BMO site for additional details on terms and conditions. The straightforward cashback structure is beneficial but may not suffice for users seeking more diverse rewards. Overall, this card works best for users who are disciplined about paying their balance in full each month to avoid high-interest charges.

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