BMO Cashback Mastercard for Students: Receive More Benefits on Grocery Purchases and use the Mastercard Worldwide!
The BMO Cashback Mastercard for Students is a credit card specifically designed for students, offering up to 5% cashback during the initial months and low fees for optimal usage.
Recognized for its quality, the BMO credit card provides effective financial management tailored for Canadian students, and you can explore the application process. See how to apply.
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BMO stands as one of the foremost financial institutions in Canada, presenting a wide array of financial services tailored to diverse needs.
This allows you to select options that cater to different stages of your life, particularly during your academic years when your income potential may be limited.
The BMO Cashback Mastercard for Students has received multiple accolades, including recognition as the best student credit card from reputable sources such as creditcardGenius, ratesdotca, and Milesopedia.
This card features cashback rewards, providing 3% cashback on grocery purchases, irrespective of the specific items. For recurring payments, the cashback rate is set at 1%.
Additionally, you earn 0.5% cashback on all other purchases, with multiple redemption methods available.
Cashback can be redeemed by transferring it to a BMO account or applied as a credit on your statement, either as a lump sum or through regular fixed amounts.
The BMO platform provides a cashback calculator to help users gauge their potential earnings when integrating the credit card into their daily activities in Canada.
This card is robust in terms of features and security, allowing users to lock and unlock their card conveniently through the app.
Additionally, BMO offers financial insights to monitor your credit score, including free 24-hour access and updates in CreditView to assess any impacts on your score.
The card features zero liability protection against losses from unauthorized transactions, along with alerts to notify you of any payments processed.
As a Mastercard, it enjoys widespread acceptance globally, being one of the most recognized brands in the world.
Want to learn another option?
Looking for a distinctive card option? The Neo World Elite Mastercard is on its way, and you can already join the waitlist.
The card offers up to 5% cashback with instant payment, so you won’t have to wait until the following month to receive your rewards. See how to apply.
Writer with over 10 years of experience specializing in finance and education. Master's student in Communication and an expert in online content production.