BMO Cash Back Mastercard
The BMO Cash Back Mastercard from BMO earns up to 5% effective value on other in Madeen's catalog snapshot. It has no annual fee. New applicants may see: Earn $250 cash back when you spend $2,000 in the first three months of account opening. Madeen compares this card against the cards you already carry — no bank login required.
- Top category
- Other
- Effective value
- 5%
- Annual fee
- $0
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Madeen compares public issuer terms with its card-rule catalog. Issuer pages control rewards, fees, benefits, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice.
What does the BMO Cash Back Mastercard earn in each category?
Other is the strongest category at 5% effective value (5% back). That other rate ranks higher than about 87% of the 1,546 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Other is the strongest category at 5% effective value (5% back). That other rate ranks higher than about 87% of the 1,546 cards we track in that category.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 1% back | 1% |
| Grocery Supermarkets and grocery stores | 3% back | 3% |
| Gas Gas stations and fuel | 3% back | 3% |
| Travel Flights, hotels, transit | 1% back | 1% |
| Other General everyday spend | 5% back | 5% Top category |
Madeen values cash back at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
What are the BMO Cash Back Mastercard reward caps and conditions?
The BMO Cash Back Mastercard has 1 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
- Capped at $2500 per quarter.
Who should get the BMO Cash Back Mastercard?
The BMO Cash Back Mastercard fits spenders who put meaningful volume in other and can earn 5% back. Best for spenders who put meaningful volume in other and can earn 5% back. The welcome bonus can help if you can meet the spend requirement.
BMO Cash Back Mastercard fits spenders who put meaningful volume in other and can earn 5% back. Madeen ranks its other effective rate higher than about 87% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in other and can earn 5% back. The welcome bonus can help if you can meet the spend requirement.
Foreign transaction fees make it weaker for international spend.
Best for other-heavy spend when you want to avoid an annual fee; confirm issuer terms before applying. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Pros
- Strongest Madeen category is other at about 5% effective (5% back).
- That other rate ranks higher than about 87% of cards we track in the category.
- No annual fee in our catalog snapshot.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- Charges $3 foreign transaction fees.
Does the BMO Cash Back Mastercard have an annual fee, and what's the welcome bonus?
The BMO Cash Back Mastercard has an annual fee of $0 and a foreign transaction fee of $3. New applicants may see: Earn $250 cash back when you spend $2,000 in the first three months of account opening. Confirm current issuer terms before applying.
- Annual fee
- $0
- Foreign transaction fee
- $3
- Signup bonus
- Earn $250 cash back when you spend $2,000 in the first three months of account opening
What benefits come with the BMO Cash Back Mastercard?
The BMO Cash Back Mastercard includes Cell Phone Protection, Global emergency services, HealthLock in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
- Cell Phone Protection
Up to $400 in coverage. Must charge your monthly wireless telephone bill to your card.
- Global emergency servicesIncluded with World Mastercard®
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
- HealthLockIncluded with World Mastercard®
Enjoy a HealthLock for Mastercard Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
- InstacartIncluded with World Mastercard®
Groceries and more delivered in as fast as one hour. Get $10 off your second order each month, and new Instacart+ members can also get three free months of Instacart+.
- Mastercard GolfIncluded with World Mastercard®
Get exclusive PGA TOUR® experiences and access amazing golf benefits with our Golf Concierge Service.
- Mastercard ID Theft ProtectionIncluded with World Mastercard®
Monitor your credit file for fraud, get alerts for suspicious activity and access a resolution specialist.
- Mastercard Music and Entertainment Access benefitIncluded with World Mastercard®
Mastercard gives you exclusive access to ticket presales at top venues and festivals across the U.S. Eligibility restrictions, exclusions and terms apply. Offer expires 3/31/2027.
- Mastercard Transit BenefitIncluded with World Mastercard®
Save when you tap and go with your eligible Mastercard and receive a $2.50 statement credit when you spend $10 or more each month at participating transit systems.
Common questions about the BMO Cash Back Mastercard
Does the BMO Cash Back Mastercard have an annual fee?
The BMO Cash Back Mastercard carries an annual fee of $0 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What category earns the most with the BMO Cash Back Mastercard?
Other is the strongest Madeen category for the BMO Cash Back Mastercard at about 5% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Does the BMO Cash Back Mastercard charge foreign transaction fees?
The BMO Cash Back Mastercard charges a foreign transaction fee of $3 in our catalog snapshot. Check issuer terms before international spend because rates and fee waivers can change. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What is the BMO Cash Back Mastercard welcome bonus?
The BMO Cash Back Mastercard welcome offer in our snapshot: Earn $250 cash back when you spend $2,000 in the first three months of account opening. Minimum spend, eligibility, and offer windows are set by the issuer and can change.
What credit score do you need for the BMO Cash Back Mastercard?
Madeen's catalog lists a typical credit range of Good for the BMO Cash Back Mastercard. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
How do you redeem rewards on the BMO Cash Back Mastercard?
Rewards on the BMO Cash Back Mastercard post as cash back. Redemption value depends on how you use cash back (statement credit, travel, transfers, or issuer portals). Madeen shows effective cash-equivalent rates using standard valuations. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
How does the BMO Cash Back Mastercard compare to similar cards?
Compare the BMO Cash Back Mastercard against BMO Escape (4% on Dining, $150 fee); BMO Business Platinum Rewards (3% on Gas, $0 fee); BMO Premium Rewards Mastercard (3% on Dining, $95 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
BMO Cash Back Mastercard This card | Other | 5% | $0 |
BMO | Dining | 4% | $150 |
| Gas | 3% | $0 | |
| Dining | 3% | $95 | |
| Grocery | 2% | $0 |
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