BMO
BMO CashBack Mastercard
4.3·No-fee grocery cash back — a great first or student card
- Annual fee
- No annual fee
- Welcome bonus
- ~$125
- Top reward
- 3% groceries
- Strong no-fee grocery rate
- Easy approval, good for students
studentcash backno fee
CIBC Dividend Visa Card for Students review
3.7Rated by the CreditCardGuru Editorial Team
An excellent first card — the $125 welcome offer and 2% grocery rate are generous for a student product, and SPC+ adds everyday savings.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- ~$125
- Foreign tx fee
- 2.5%
- Network
- VISA
- Rewards
- cash back
- Purchase APR
- 21.99%
Rewards & earn rates
| Groceries | 2% |
| Gas & EV charging | 1% |
| Transportation | 1% |
| Dining | 1% |
| Recurring payments | 1% |
| Everything else | 0.5% |
Welcome offer: Up to $125 cash back ($25 cash back after first purchase within first 4 statements; 10% welcome bonus (up to $100) on up to $1,000 in net purchases over first 4 statements).
Pros & cons
Pros
- Real cash back welcome bonus on a student card
- SPC+ membership included free
Cons
- 0.5% base earn rate
- Minimal insurance
Perks & insurance
Key perks
- No annual fee and no minimum income requirement
- Free SPC+ membership with discounts at 450+ brands
- 2% cash back on groceries
- Builds credit history for post-secondary students
- Up to 10 cents off per litre with Journie Rewards
Insurance
- Purchase security and extended protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 22.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Similar cards to consider
Scotiabank
Scotiabank Scene+ Visa Card
4.0·No-fee Scene+ points — a solid first or student card
- Annual fee
- No annual fee
- Welcome bonus
- ~$50
- Top reward
- 2x groceries (sobeys group)
- No-fee Scene+ earning
- Good for groceries and movies