Annual Fee
$0
Extra Card Fee
$0
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Personal Income
N/A
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
  • Earn 6% cash back on gas, office supplies, and cell phone and internet bills for 4 months (up to $125 earned).
  • Earn 1.75% cash back on purchases at participating Shell locations.
  • Earn 1.5% on gas, office supplies as well as cell phone and internet bills.
  • Earn 0.75% on all other purchases.
  • Add employee cards and enjoy security against employee misuse.
  • Extended warranty and purchase protection included.
  • Extended grace period of 25 days.
  • No annual fee.
Extended Warranty 1 year
Purchase Protection 90 days

Please review your insurance certificate for details, exclusions and limitations of your coverage.

Rate Your Wallet and find your perfect match.

Our Review

The BMO CashBack Business Mastercard is a business card, with no annual fee, that allows you to earn:

  • 1.5% cash back rewards on gas, office supplies, cell phone bills, and internet bills,
  • 1.75% cashback at any Shell location, and
  • 0.75% on all other spending.

On top of that, this card will give you a welcome bonus of 6% cash back on gas, office supplies, cell phone bills and internet bills for 4 months (up to 125$ earned.)

Impressive cash back rewards

Want to see that return on spending in action?

Let's say you have 10 employees with company cell phones, and each cell phone costs roughly $80 per month.

In this cards first year, you could earn $288.00 worth of cash back on your companies cell phone bills alone. That is pretty impressive for a no-fee card.

Number of EmployeesMonthly total in cell phone bills (avg. $80)Annual total in cell phone bills (avg. $80)Annual rewards (1.5% + 6% for up to 4 months up to 125$)
5$400$4,800$144
10$800$9,600$238
15$1,200$14,400$310

Extended Grace period and Liability Waiver Program

What makes the BMO CashBack Business Mastercard interesting as a business card is its Extended Grace Period and its Liability Waiver Program.

Extended Grace Period means that you get some extra time between the time your statement was issued and the time you have to pay your bill before you get charged interest.

You will be given a few days more than other cards, giving you at least 25 days in total – freeing up some of your company's valuable cash flow.

The Liability Waiver Program will give you peace of mind if you have secondary cards that you have distributed to your employees. This program provides security against card misuse by waiving the customer’s liability for wrongful charges made by the other cardholders.

Insurance

This card also includes 2 basic insurance coverage types:

  • extended warranty, and
  • purchase protection.

Although this isn't the best coverage, for a no-fee card, something is better than nothing.

The bottom line

While any small business could benefit from the BMO CashBack Business Mastercard, companies with multiple employees, company cell phones, and nearby Shell locations will especially benefit from rewards they could earn with this card.

The best part? You get this all for no annual fee.

What are your thoughts?

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