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BMO CashBack Business Mastercard
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cash backno fee

BMO CashBack Business Mastercard

3.4

Welcome bonus

Up to $150 cash back

  • 1.5% gas stations — 1.75% at Shell locations in Canada
  • 1.5% cell phone & internet bill payments
  • 0.75% all other purchases — Office supply store purchases earn 1.5%
Annual fee
No annual fee
Interest rates

Purchases

20.99%

Cash advances

23.99%

Balance transfers

23.99%

Foreign transactions
2.5%

Rated by the CreditCardGuru Editorial Team

A dependable no-fee business card for everyday expenses; businesses with bigger budgets will get more value from the Ascend World Elite Business card.

At a glance

Annual fee
No annual fee
Welcome bonus
$150
Foreign tx fee
2.5%
Network
MASTERCARD
Rewards
cash back
Purchase APR
20.99%

Rewards & earn rates

Gas stations1.75% at Shell locations in Canada1.5%
Cell phone & internet bill payments1.5%
All other purchasesOffice supply store purchases earn 1.5%0.75%

Welcome offer: Up to $150 cash back (Minimum $1,500 in eligible purchases).

Pros & cons

Pros

  • Solid no-fee earn on common business expenses
  • Useful intro balance transfer offer for cash flow

Cons

  • 0.75% base rate trails premium business cards
  • Very limited insurance package

Perks & insurance

Key perks

  • No annual fee for business cash back
  • 0% introductory balance transfer rate for 9 months (3% fee)
  • 1.75% cash back at Shell stations in Canada
  • Free additional employee cards
  • Redeem cash back flexibly toward your statement or accounts

Insurance

  • Extended warranty insurance
  • Purchase protection

Rates & fees

Annual fee
None
Purchase interest
20.99%
Cash advance
23.99%
Foreign transactions
2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions

Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but BMO can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on BMO's own website before you apply.

Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and BMO's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.

This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.

How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.

CreditCardGuru is not affiliated with BMO. Trademarks belong to their respective owners.

Similar cards to consider

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CIBC Dividend Visa Infinite Card

4.5·Households with heavy grocery and gas spend who want maximum cash back.
Annual fee
$120 $0
Welcome bonus
$350
Top reward
4% groceries
  • 4% on gas and groceries is among the highest in Canada
  • Strong 2% middle tier covers dining, transit and bills

Suggested score 720+ · Excellent credit

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Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.

Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.

  • 200+ Canadian cards tracked
  • Transparent rating methodology
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Cite this page

“BMO CashBack Business Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/bmo-cashback-business, updated June 7, 2026.

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