Do you want a good card? Learn more about the BMO CashBack Mastercard®️ credit card, and its amazing cash back benefits

When you want to apply for a credit card like with the BMO CashBack Mastercard®️ credit card, you will need a lot of information to be able to get to it. That is because a credit card is delicate, and not knowing something can ruin it for you. 

Now, the card we are talking about today is one of the best ones around. You can get so much cashback from it. And it even has a welcome offer as of today where you get up to 5% cash back in your first three months. Even more, a 0.99% introductory rate on balance transfer for 9 months. 

You can even get a 2% transfer fee with it. Yes, there is a lot to take in, but honestly, it is very welcoming. Today we want to know everything and a bit more about the BMO CashBack Mastercard®️ credit card. So if you are interested, keep reading. 

Why we recommend the BMO CashBack Mastercard®️ credit card 

When we recommend a credit card, it is usually because of one of two things: or the credit card is okay, but it has some insane benefits, or the credit card is amazing and has some okay benefits. So, in which category falls the BMO CashBack Mastercard®️ credit card? 

The BMO CashBack Mastercard®️ credit card falls in a new one, where we combine the two. We can see that this credit card in itself is pretty amazing, with all that cashback and benefits of it. You can get different fees for it in different places and that is amazing. 

But also we can see that the structure and the main idea of the credit card is very good. You get nice fees, the annual fee does not exist, and the application process is not something that takes hours or some weird documents. It is fast and simple. 

So yes, those are some of the reasons why we recommend the BMO CashBack Mastercard®️ credit card. This is just a few of them, and along the article you can find that there is way more available for you to enjoy on the card. You just need to see it. 

What can I use the credit card for? 

Actually, you can use the BMO CashBack Mastercard®️ credit card for so many things. You see, the credit card is actually a specific one that can be used by a specific group of people. Also called the Student BMO CashBack Mastercard®️ credit card, this is the perfect option for international students. 

If you are living away from home, this card will help. It offers students a competitive cashback when you shop for essentials. You can earn 3% on groceries, 1% on bill payments and 0.5% on the billing cycle for the grocery and bill. 

Now, as we can see, if you are a student you benefit from it a lot, but it is not a requirement. You can apply for the credit card even if you are not one. It will benefit you a lot, maybe not as much as others, but sometimes it can be your best option. 

Credit card advantages 

What is it that a credit card has that is so interesting? Well, you probably think that credit cards like the BMO CashBack Mastercard®️ have some benefits, but nothing out of the ordinary. Well, today we will prove you wrong. Down below, we bring you a list with all the benefits that this credit card has. If you are interested, keep reading. 

• Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred. 
• Earn the highest cash back on groceries in Canada without paying an annual fee. 
• Get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases. 
• Get up to 5% cash back in your first 3 months, plus, a $50 cash back bonus as a welcome offer. 
• Redeem your cash back anytime through direct deposit, as a credit on your statement or into your BMO Investor Line account 
• Purchase Protection and receive a discount on car rentals 
• Get 5% cash back in your first 3 months 
• No Annual fee 
• Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred. 
• Extended Warranty 

What are the credit card disadvantages 

If you want to know more about the BMO CashBack Mastercard®️ credit card, then you should take a look at the downside of it. Let’s see. 

• 0.5% base cash back rate is lower than some credit cards. 
• Groceries purchased at Walmart and Costco are not eligible for 3% cash back, only the 0.5% base rate. 
•  Groceries purchased at independent businesses, are not eligible for 3% cash back, only the 0.5% base rate. 

How is credit analysis carried out in the BMO CashBack Mastercard®️ 

The credit analysis made with the BMO CashBack Mastercard®️ credit card is simple. You send the documents the company sent to you, and then they use it to analyze your credit score. They see your credit history and all your movements. 

After that, you get the score, and the company uses that score to see if you are fit for the card. The score is also used on other terms and fees. 

Is there a maximum and minimum credit card limit? 

Like other cards, this one has a limit, but it is not defined. With the credit score above, not only will the company see if you are fit for the credit card, but also define your credit limit. The higher it is, the higher is the limit. 

Do you want to request this credit card? Learn how to get the BMO CashBack Mastercard®️ right here 

After learning all these things for the BMO CashBack Mastercard®️ credit card, you probably want to apply for it, no? If the answer is yes, click down below and learn hoe you can do it!