BMO Cashback Mastercard: the Right Option to Earn High Cashback on Grocery Purchases!
Want a card to earn cashback on grocery purchases? The BMO Cashback Mastercard offers the highest reward in the industry in Canada—check it out!
This card, from one of the largest banks in the Canadian market, offers an excellent welcome bonus of up to 5% in the first 3 months. See how to apply.
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BMO is synonymous with a big bank in Canada, right? Over more than 140 years, the bank has grown and become a popular financial company offering a range of services, including credit card management.
And when it comes to good credit cards in the Canadian market, the BMO Cashback Mastercard comes with the company’s powerful rewards program.
You get 3% cashback on grocery purchases. And what does that include? Well, plenty of establishments across the country.
For recurring payments like streaming services, bills, subscriptions, monthly fees, and public utilities, you get 1% cashback.
For all other eligible purchases, the benefit is 0.5% cashback, helping you accumulate cash back over the months.
So, how much can you earn? Well, that depends on how much you spend, as the benefits adapt to your consumer profile.
BMO’s platform helps with that by offering a cashback calculator so you can get an idea before applying for the card.
You can add another cardholder to continue accumulating rewards.
Your rewards never expire, and you can redeem them whenever you want, paying only a $1 fee.
You can redeem your funds with a statement credit, investor line, or direct deposit to your BMO checking or savings account.
Another benefit that’s not often talked about with the BMO Cashback Mastercard but is worth noting is the up to seven cents per liter discount when refueling at Shell stations. Does that help your daily life?
The card also offers several other discounts, such as up to 20% off with National Car Rental, 20% off Cirque du Soleil shows, 15% off shows in Las Vegas, and up to 7% off prepaid bookings on Booking.com.
In terms of security, you can count on Zero Liability to generate alerts. If you don’t recognize a purchase, you can notify the bank and request a refund.
Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.