Illustration, not the actual card design.
BMO · Cash back
BMO CashBack Mastercard
Annual fee
None
Welcome offer
Up to $125 back
Market
Canada · CAD
Biggest part of the offer: Get 5% total cash back on up to $2,500 in net purchases in your first 3 billing cycles, up to $125.
What it's worth before you spend
Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.
Year 1
$125
+$125 welcome bonus
+$0 yearly credits
−$0 fee
Year 2
$0
+$0 yearly credits
−$0 fee
Every year after
$0
+$0 yearly credits
−$0 fee
Plus 1 benefit with no fixed dollar value, like Avis and Budget rental discount. Their worth depends on how you use the card, so they're not counted above. See them all
Estimated as of Oct 11, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.
Welcome offer
Ends Oct 31, 2027. Limited to new BMO CashBack Mastercard accounts. Not awarded to current or former cardholders who reinstate a closed account, product transfer, or open a new account. One bonus offer per account. If you cancel the card within 90 days of opening, all CashBack rewards earned in that period are cancelled.
- 1Get 5% total cash back on up to $2,500 in net purchases in your first 3 billing cycles, up to $125$125 backYear 1
Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.
What it earns
Cash back, straight onto your statement.
| Where you spend | Earns | Back per $1 (est.) |
|---|---|---|
| Groceries | 3% back | 3¢ |
| Recurring Bills | 1% back | 1¢ |
| Everything else | 0.5% back | 0.5¢ |
What else you get
Perks
- Avis and Budget rental discount
At least 10% off the lowest available discountable Time and Mileage retail rates at Avis and Budget in Canada and the US, and up to 30% (Avis) or 35% (Budget) when prepaid
Got this card? We'll tell you when to use it.
PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.
Fine print
Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by BMO. Card and program names belong to their owners.
Details last checked Oct 11, 2026.