BMO CashBack Mastercard for Students

This no-annual-fee student credit card offers up to 3% cashback on groceries and a 5% introductory bonus in the first three months.

Last checked on June 11, 2026. We may earn a commission when you click through.

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✓ No annual fee ✓ Up to 3% cashback on groceries ✓ 5% introductory bonus for first 3 months
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BMO CashBack Mastercard for Students

Mastercard · student

Our Verdict Recommended

Ideal for students looking to earn rewards without annual fees, but high interest rates may deter those carrying a balance.

What it really costs

Annual fee No annual fee
APR Range 21.99% – 23.99%
Rewardsup to 3% cashback on groceries 3%

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Who it's for

This card is particularly suited for students who want to earn cashback without an annual fee and are diligent about paying off their balances.

Watch out

Be cautious of the high APR if you plan to carry a balance, as interest charges can add up quickly.

The good and the not so good

  • No annual fee
  • Up to 3% cashback on groceries
  • 5% introductory bonus for first 3 months
  • Easy approval for students
  • High APR of 21.99%
  • Limited cashback categories
  • May not benefit heavy spenders

In-Depth Review

With no annual fee, the BMO CashBack Mastercard for Students is a practical choice for young consumers. **Cashback rewards** reach up to **3%** on groceries, plus a **5% bonus** during the first three months. This makes it attractive for students who frequently shop for essentials. That said, the **high APR of 21.99%** can be a significant drawback for anyone who may carry a balance, making this card less appealing for those looking to minimize interest costs. Compared to alternatives like the **Scotiabank Scene Visa**, which offers rewards on entertainment, the BMO card is more limited in cashback categories. Customer feedback highlights its straightforward application process, but some users have noted that customer service can be slow to respond. Overall, the card is best suited for students who pay off their balance each month to avoid high interest while earning cashback on regular purchases. For more details, visit BMO's official page at [BMO](https://www.bmo.com/en-ca/main/personal/credit-cards/student-bmo-cashback-mastercard/).

Summary

The BMO CashBack Mastercard for Students offers rewarding cashback features without an annual fee, but students should be wary of the high interest rates.

What cardholders say

Cardholders appreciate the cashback rewards but are concerned about the high interest rates.

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