bmo cashback mastercard

BMO CashBack® Mastercard®

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Rewards Calculator Algorithm

You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.

Finly factors in all the reward limits and fine prints of every single credit card so you can be sure your results are as accurate as possible.

Note: The bank connections are not perfect, meaning that occasionally the connection may fail. This happens when the MX bank connector is unable to establish the link, which is beyond our control. If this occurs, please feel free to inform us and use the manual method as an alternative.


Your Spending

Modify your spending numbers and click update to get the most accurate reward estimates.

Restaurant, Fast Food & Coffee Shop

$

Grocery

$

Recurring Purchases (Bills, Subscriptions, Rent via Chexy)

$

Gas

$

Transportation

$

Entertainment (Movies, Concerts, etc.)

$

Foreign Purchases (Non $CAD)

$

Travel (Flights, Hotels, etc.)

$

Pharmacy

$

Online Shopping

$

Home Improvement (Renovation, Furniture)

$

Purchases at Canadian Tire, Sport Check, Lquipeur, Atmosphere, Party City, SportsRousseau, HockeyExperts, LentrepduHockey

$

Other Purchases Not Specified

$

Linked Credit Cards

Connect your existing credit cards starting with your most used one. After a successful connection, view all Canadian credit cards with their rewards ranked using your true spending habits.

Card Details

Based on $2,000 spending

First Year Value

$332.35

$238.05 in years after

Annual Rewards

$238.05

First Year Bonus

$94.3

Annual Fee

$0

First Year Value

$332.35

$238.05 in years after

Interest Rates

Cash Advance: 22.99%, for Quebec 21.99%

Purchase: 20.99%

Balance Transfer: 0.99% promotional, 22.99% regular

Annual Fee

$0

Annual Income

Personal: $15,000

Household: N/A

Credit Score

Good

Welcome Bonus

Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.

Card Type

Cash Back

Our Rating

2.5/5

Institution

BMO

Rewards


  • 3% cash back on grocery purchases (maximum $15 per statement)
  • 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
  • 0.5% cash back on all other purchases

BMO CashBack® Mastercard® Cash Back Calculator

Based on $2,000 spending


Rewards Breakdown

Groceries

$131.58


Recurring Transactions

$16.8


All other purchases

$89.67


Net Annual Rewards

$238.05

Rewards Summary

Net Annual Rewards

$238.05


First Year Card Bonus

$94.3


First Year Card Value

$332.35

Insurance & Benefits


Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    1 year


Benefits

Details

  • car rental

    Car Rental Discount

    Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.

  • gas station

    Gas Discount

    Save up to 7 cents per litre at Shell stations when linked with Air Miles

  • discount

    Discount

    Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.

  • discount

    Hotel Booking Discount

    Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.

Pros & Cons


Pros

  • No annual fee, making it a cost-effective option.
  • Up to 3% cash back on groceries and 1% on recurring bill payments.
  • 0.99% introductory rate on balance transfers for 9 months.
  • Save up to 7 cents per litre at Shell stations when linked with Air Miles.

Cons

  • Low base earn rate of 0.5% cash back on non-bonus purchases.
  • Limited insurance coverage (extended warranty and purchase protection only).

MX Connect

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