Card at a Glance
| Feature |
Details |
| Card name |
BMO CashBack Mastercard |
| Annual fee |
$0 |
| Minimum income |
None |
| Network |
Mastercard |
| Rewards type |
Cash back |
| Insurance |
Purchase protection, extended warranty |
Cash Back Rates
| Category |
Rate |
| Groceries |
3% |
| Everything else |
0.5% |
Annual Cash Back Estimate
| Monthly Spend |
Category |
Annual Cash Back |
| $500 groceries |
3% |
$180 |
| $1,000 other |
0.5% |
$60 |
| Total |
|
$240 |
No annual fee — all cash back is pure profit.
BMO CashBack vs Alternatives
| Feature |
BMO CashBack |
Tangerine MC |
SimplyCash from Amex |
| Annual fee |
$0 |
$0 |
$0 |
| Grocery |
3% |
2% (chosen) |
1.25% |
| Other categories |
0.5% |
2% (2 chosen) |
1.25% |
| General |
0.5% |
0.5% |
1.25% |
| Best for |
Groceries |
Flexible categories |
Flat rate everywhere |
Who Should Get This Card
| Profile |
Recommendation |
| No-fee card wanted |
✅ Ideal |
| High grocery spend |
✅ 3% is strong |
| Students/beginners |
✅ No income requirement |
| Want high return in multiple categories |
⚠️ Consider Tangerine |