BMO CashBack Mastercard: New Exclusive Offer

It’s been the summer of hot credit card offers.

From our free Amazon gift cards (ending soon), to some of the best travel bonuses we’ve ever seen (now expired) – there’s been a lot more buzz so far in 2021 than we saw in all of 2020 and 2019 combined.

This week, we have a new exclusive offer from BMO CashBack Mastercard ‒ one of Canada’s best no fee cash back credit cards.

BMO CashBack Mastercard exclusive offer

The BMO CashBack^® Mastercard^®* is running an even better offer than normal. And you won’t find this offer on BMO’s page – it’s only available through us.

Their current offer is still here. You’ll earn 5% cash back on your first $2,500 in purchases made to the card in the first 3 months. And the $2,500 spent is earned over several categories:

• $500 in groceries,
• $500 on recurring bills, and
• $1,500 on everything else.

This is worth up to $125 (just note this rate includes what you’d already be earning without the bonus).

But with our offer, you can earn even more. Spend $6,000 in a year (only about $500 per month), and you’ll get a lump sum bonus of $50, on top of all the other rewards you’ve earned.

That increases the total welcome offer value to $175 – that’s the highest welcome bonus currently available on a no fee cash back credit card.

This exclusive offer is set to end on December 31, 2022, but BMO reserves the right to end it at any time.

BMO CashBack Mastercard details

New to this credit card? Here are the details.

First, here is what you’ll earn for rewards on your purchases:

• 3% cash back on groceries (up to $500 spent per month),
• 1% cash back on recurring bills (up to $500 spent per month), and
• 0.5% cash back on all other purchases.

And since it’s a Mastercard, earning 3% on groceries extends to Walmart Supercentres. To get your cash back, you can get it paid out at any time you like, with a minimum redemption of $1.

If you have existing credit card debt, this card also has a balance transfer offer. You’ll get a rate of 1.99% on balance transfers for the first 9 months, with a transfer fee of 1%.

Just note if you do decide to do a balance transfer, don’t make any new purchases until it’s paid off (it’s a key rule of balance transfers).

And to top it off, it includes basic extended warranty and purchase protection insurance coverages.

Your turn

If you’re in the market for a no fee cash back card, BMO has an interesting offer for you.

What are your thoughts on BMO’s new offer?

Let us know in the comments below.