See How to Apply for a BMO Cashback Mastercard for Students
The BMO Cashback Mastercard for Students is an excellent option for earning cashback benefits without incurring significant costs.
What do I need to know before applying?
The BMO Cashback Mastercard for Students is specifically tailored for students, providing valuable benefits such as 0.5% cashback on all purchases.
CREDIT CARD
BMO for Students
Are you a student in need of a card? Apply now.
GO TO OFFICIAL WEBSITE* You will be directed to an external website
BMO is a highly regarded financial institution in Canada and internationally, offering a diverse array of financial services, including its renowned credit card products.
The BMO Cashback Mastercard for Students stands out as an award-winning card with no annual fee, recognized by prominent organizations like creditcardGenius and ratesdotca as the best student credit card in Canada.
Regarding interest rates, the card charges 20.99% on purchases and 22.99% for cash advances.
BMO rewards are structured as cashback, providing 3% on grocery purchases and 1% on recurring payments such as phone services, streaming subscriptions, and other regular bills.
Additionally, cardholders can earn 0.5% cashback on all eligible purchases made with the BMO credit card.
Cashback can be redeemed at any time, either by depositing it into your BMO account (checking or savings) or as a credit on your statement, with options for a fixed recurring amount or a one-time payment.
The card is equipped with robust security features, allowing for complete management through BMO’s apps, which provide access to financial insights and enable regular tracking of your credit score.
Who can Apply?
The BMO card has specific eligibility criteria, requiring applicants to be students with valid proof of enrollment and to fall within the age range of 18 to 24.
Applicants must be enrolled in an accredited higher education institution. International students may apply; however, they will need to do so in person at a branch.
BMO will also require details regarding your monthly income, which will be used not only for card approval but also to establish your credit limits.
It is essential to understand that fulfilling the eligibility criteria does not guarantee approval, as each application is subject to the bank’s discretion.
How do I apply for the BMO Cashback Mastercard for Students?
To obtain your BMO card, you can initiate the process by clicking the “Apply” button, which will guide you to the secure application form available through the bank’s digital platforms.
Initially, you will need to indicate whether you are a current BMO debit cardholder. If you are not, you can proceed with the application using the provided BMO form.
The following information will be required:
- Personal Information: Full name and date of birth.
- Contact Information: Phone number and email address.
- Address: Street address, city, and postal code.
- Education: Details about your educational institution, program of study, and expected graduation date.
Additionally, you will need to create a login and password and provide information regarding your employment and income to determine your credit limits.
During the application process, you may be asked to submit supporting documents such as proof of residence and enrollment.
CREDIT CARD
BMO for Students
Looking for a low-cost card? Apply now.
GO TO OFFICIAL WEBSITE* You will be directed to an external website
More Details
If you have any inquiries, you can reach out to BMO’s customer service for assistance.
In summary, the card features a streamlined application process and promises a prompt response regarding your BMO card application.
The Mastercard includes Zero Liability Protection for unauthorized transactions, ensuring that you will not be held responsible for any fraudulent activity.
Additionally, BMO provides alerts to notify you whenever purchases are made with your card.
Through BMO, you can enjoy savings of up to 20% on rentals with Car Rental and Alamo, as well as a 20% discount on Cirque du Soleil performances.
You have the option to add an additional cardholder at no additional cost, and you can benefit from up to 7% savings on reservations made through Booking.com.
The BMO PaySmart installment plan presents a practical approach to managing larger purchases by allowing you to divide the total cost into smaller, interest-free monthly payments with reduced associated fees.
Want to learn another option?
The Neo World Elite Mastercard is a black card option from Neo that is currently in a waitlist phase but offers valuable benefits.
In this regard, the card features quick cashback payments and World Elite benefits; 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.
