10% cash back 
$150 first-year value The BMO CashBack® Business Mastercard®* is a solid choice for a business owner who prefers cash back and spends a fair amount every month on gas, office supplies, and recurring cell/internet bill payments. Its 1.75% return on gas, office supplies, and recurring cell/internet bill payments is good for a no-fee card, and the flexibility of BMO’s cash back redemption options also counts in its favour.
Bonuses & Fees
As a welcome bonus, the BMO CashBack® Business Mastercard®* offers 10% cash back on the first $1,500 spent on gas, office supplies, and recurring cell phone & internet bill payments within the first three months, up to a total of $150 in cash back rewards.
The card has no annual fee, making it a great choice to keep around as a free primary or backup business credit card, all while supporting the longevity of your credit history.
It’s also free to add authorized users.
Get a 0.00% introductory interest rate on Balance Transfers for 9 months, 3% fee applies to balance amounts transferred*
Earning Rewards
Aside from the welcome offer, the BMO CashBack® Business Mastercard®* earns cash back at the following rates:
- 1.75% cash back on on purchases at Shell® gas stations
- 1.5% cash back on on eligible gas, office supply purchases, and cell phone/internet bill payments
- 0.75% cash back on all other purchases
A 10% return on gas, office supplies, and recurring cell phone/internet bill payments for 3 months is a competitive rate for a no-fee card. The 1.75% cash back on purchases at Shell® gas stations is also great if you fill gas at Shell®, to a maximum of $2,500 per account.
The 0.75% cash back rate for uncategorized purchases isn’t the best baseline earning rate, but it isn’t too far off of the value of the rewards on BMO’s other no-fee cards.
Redeeming Rewards
There are three ways to redeem your cash back on the BMO CashBack® Business Mastercard®*:
- Deposit into a BMO chequing or savings account
- Deposit into a BMO InvestorLine account
- Redeem as a credit against your credit card’s statement
Any of these three options can be requested at any time when you’ve earned at least $1 of cash back. You can also set up automatic payments, which will automatically trigger one of the above three redemption options every time you reach $25 of cash back.
BMO’s cash back redemption options are relatively flexible compared to its peers, many of which only allow you to claim your cash back earnings once a year.
Perks & Benefits
As a no-fee card, the BMO CashBack® Business Mastercard®* comes with relatively few perks.
Cardholders can get up to 7 cents off per litre on all Shell®± fuel*. Eligible cardholders will receive 2 cents off per litre on regular fuel, and 7 cents off per litre on premium fuel, up to 1,000 litres per month.
You’ll enjoy an option to get up to 22 additional cards so that employees can easily make purchases on behalf of your business.
Insurance Coverage
Insurance benefits on the BMO CashBack® Business Mastercard®* are also limited.
The card does not offer any types of travel insurance; instead, its coverage is limited to extended warranty (doubling the manufacturer’s standard warranty, up to one additional year) and purchase protection (against accidental damage or theft within 90 days).