Eligible grocery purchases up to C$500 spend per statement period
Issuer's current offer
Up to 5% cash back for the first 3 months on eligible purchases
BMO advertises a limited introductory cash-back offer and a balance-transfer promotion with separate conditions and fees.
◷ Check BMO’s live offer page
Welcome offers can change. Always check the issuer’s live page before submitting your application.
How you earn rewards
Understand what earns more, and where the base rate applies.
Eligible recurring bill payments with monthly cap
Other eligible purchases
Benefits worth understanding
Protections, travel features and everyday extras depend on terms and conditions.
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No annual fee on the standard BMO CashBack Mastercard
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Extended warranty and purchase protection on eligible items
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Cash back can be redeemed as statement credit or eligible account deposit
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Free authorized users, with terms
Who this card feels right for
A daily grocery-and-bills card
For someone focused on everyday expenses, this card can be a practical no-fee option. The grocery and recurring-bill focus makes it best for routine spending rather than aspirational travel redemptions.
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People who want no annual fee and purchase groceries regularly.
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Keep the annual fee, interest rate and category caps in mind before applying.
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If this feels like a fit, you can read the next Credys card story before opening the official issuer application.
Our honest breakdown
A balanced look at what this card does well — and where it may fall short.
What we like
- Competitive grocery earn rate for a no-annual-fee card
- Cash-back redemptions can be straightforward
- Travel benefits are not bundled into an expensive annual fee
What to consider
- 3% grocery earn is capped at C$500 of qualifying spend per statement
- 1% recurring bills category is subject to a cap
- Does not include bundled premium travel-insurance coverage
Good fit
People who want no annual fee and purchase groceries regularly.
Consider another card if…
People seeking travel lounge access and high-end travel insurance.
Rates, fees and important details
Amounts shown in Canadian dollars. Issuer agreements and provincial rules prevail.
Annual fee$0
Purchase interest rate21.99%
Cash advances23.99% (21.99% Quebec)
Foreign currency feeCheck BMO terms
Additional cardholders$0
Income / eligibility noteIssuer reviews income and credit eligibility
Issuer / networkBMO · Mastercard
Information reviewedNovember 9, 2026
Not every fee is displayed here. Review the issuer’s full card agreement for balance transfers, insurance exclusions, caps, grace periods and provincial variations.
Who can apply?
Meeting these general criteria does not guarantee approval.
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Canadian citizenship or permanent-resident status per issuer’s eligibility FAQ
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Age of majority and other BMO eligibility restrictions
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Issuer evaluates income and credit history
How to apply in 3 steps
01Review the card details on this Credys page.
02Click Apply to continue to the official BMO page.
03Submit your application directly with the issuer.
Frequently asked questions
How much cash back can groceries earn?
3% on qualifying grocery spending, up to C$500 of purchases per statement period; other spending receives a lower rate.
Is this the same as BMO CashBack World Elite?
No. This is the standard, no-annual-fee BMO CashBack Mastercard. The World Elite is a separate card with different fees and benefits.
Is there an annual fee?
The standard BMO CashBack Mastercard is listed at C$0 annual fee.
Compare other Canadian cards
Ready to take the next step?
Apply →One more read before applying: what this card means in real life
You’ve read the Credys review. Now you can move to the live issuer page to confirm final terms and apply securely.
Primary product source: official BMO product page. Last editorial check: 2026-11-09.