Rated by the CreditCardGuru Editorial Team
One of the best no-fee cash-back cards for groceries, and an easy approval that makes a strong first or student card. Mind the $500/month cap on the 3% rate.
| Groceries3% on up to $500/mo | 3% |
| Recurring bills | 1% |
| Everything else | 0.5% |
Welcome offer: Up to $125 cash back.
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.
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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.
Cite this page
“BMO CashBack Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/bmo-cashback-mastercard, updated June 1, 2026.
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