BMO CashBack Mastercard
$0 annual fee · 3% back on groceries and 1% on recurring bills, up to the monthly caps.
3% on groceries
3% cash back at grocery stores on the first $500 spent in each statement period. Above that, grocery purchases earn 0.5%.
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Independent site, not BMO · $0 annual fee · Purchases 21.99% · Cash advances 23.99% · Representative example
What the BMO CashBack Mastercard pays on groceries, and the cap to know
The BMO CashBack Mastercard is a no-annual-fee card focused on groceries. It pays 3% cash back at grocery stores and 1% on recurring bill payments, each on the first $500 spent per statement period. Everything else, and spending above those caps, earns 0.5%.
In practice, a household that puts $500 a month of groceries on the card earns $15 a month in that category, or $180 a year. Spending more than $500 at the supermarket doesn’t raise the 3% portion: the extra earns 0.5%.
Redemption is flexible: from $1, as a statement credit or as a deposit to a BMO chequing or savings account, or automatically once you reach $25. New cardholders can earn up to 5% in the first 3 months, up to $125, under the welcome offer published by BMO.
Is there a cap on the 3% on groceries?
Yes. The 3% applies to the first $500 in grocery purchases per statement period. Above that, groceries earn 0.5%.
Which stores count as groceries?
BMO counts purchases at merchants in Canada classified as grocery stores and supermarkets (merchant category code 5411). Stores coded differently earn 0.5%.
What are the eligibility requirements?
BMO asks applicants to be a Canadian citizen or permanent resident, to have reached the age of majority, to have no bankruptcy in the past 7 years and to meet minimum income requirements, which BMO does not publish.
How does the welcome offer work?
Up to 5% cash back in the first 3 months on up to $2,500 in purchases ($500 groceries, $500 recurring bills, $1,500 other), to a maximum of $125, for applications received by October 31, 2027.
What are the interest rates?
21.99% on purchases and 23.99% on cash advances, including balance transfers (21.99% for Quebec residents).
How to apply for the BMO CashBack Mastercard
On BMO’s website, open the CashBack Mastercard page and choose to apply. If you are already a BMO customer, signing in first can pre-fill part of the form.
The application asks for your personal details, employment and income. BMO reviews your credit report before deciding on approval and on your credit limit. Approval is not guaranteed.
Before you accept, read the disclosure statement with rates and fees. Paying the full balance every month keeps the 3% from being cancelled out by interest at 21.99%.
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Important information
BeCred is an independent information website. We are not BMO and we don’t act on its behalf, we don’t issue cards and we don’t charge for this information. Annual fee: $0. Interest: 21.99% on purchases, 23.99% on cash advances including balance transfers (21.99% for Quebec residents). Earn rates: 3% on groceries and 1% on recurring bills, each on the first $500 per statement period; 0.5% on other purchases. Welcome offer: up to 5% for 3 months, maximum $125, applications by 31/10/2027. Approval depends on BMO’s review. Source: bmo.com, consulted on 23/10/2026.
Representative example
If you carry a $1,000 purchase balance for 30 days at 21.99% a year, the interest is about $18.07 (1,000 × 21.99% × 30 ÷ 365) — more than the $15 earned on $500 of groceries at 3%. If you pay your full statement balance by the due date, you pay no interest on new purchases. Illustrative calculation by BeCred with the rate published by BMO.