The Student BMO CashBack Mastercard is a no-annual-fee credit card built for post-secondary students who want a simple cash back program and an opportunity to build credit. It combines a short promotional bonus with steady rewards on everyday categories and basic purchase protections, making it a straightforward choice for budget-conscious students. Key Features at a Glance No annual fee. Introductory cashback: 5% on all purchases for the first three months (capped at $2,500 in spending). Ongoing cashback rates: 3% on groceries, 1% on recurring bill payments, and 0.5% on all other purchases. Cashback redemption options: Statement credit, deposit to a BMO bank account, or invest through a BMO InvestorLine account. Purchase protection and extended warranty included. Interest rates: Standard purchase rate 19.99%; cash advance 22.99% (21.99% for Quebec residents). Eligibility and Application Notes Applicants must be enrolled in a recognized post-secondary institution. The application requests income information, which can include employment income, scholarships, grants, or financial support from family. Approval can be more challenging for students without steady income. Reporting family support, scholarships, or grants is common, but some applicants…

The Student BMO CashBack Mastercard is designed to help post-secondary students build credit while earning cash back on everyday spending. Applying for the card is relatively straightforward, but students should understand the requirements, approval considerations, and ongoing responsibilities before submitting an application. Below is a step-by-step guide on how to apply, who this card is best suited for, how cancellation works, and answers to the most common questions. Step-by-Step: How to Apply Step 1: Confirm Your Student Status Before applying, make sure you are currently enrolled in a recognized post-secondary institution, such as a university, college, or technical school. BMO may request proof of enrollment during the application or verification process. Step 2: Prepare Required Information You will need to provide basic personal and financial details, including: Full legal name and contact information Date of birth and government-issued identification School name and level of study Income information Income can include part-time or full-time employment, scholarships, grants, student aid, or financial support from parents or guardians. Even though this card is targeted at students, providing a clear and realistic income picture…