$125 cash back
Apply Now$138
First-year value
$125
cash back
$0
Annual fee
Based on the minimum spend required to earn the full welcome bonus.
Last updated: December 19, 2025
The BMO CashBack® Mastercard®* is a solid choice for anyone who prefers cash back and spends a fair amount every month at grocery stores. Its 3% return on groceries is outstanding for a no-fee card, and the flexibility of BMO's cash back redemption options also counts in its favour.
However, the excellent 3% earning rate only applies on the first $500 in groceries per month, so you may wish to compare this card against other options if your spending volume is higher.
Canada’s 7 Best BMO Credit Cards
Read more| Tier | Amount | Requirement |
|---|---|---|
| Bonus earn rate | $125 | in 3 months |
Annual Fee
Free
Additional Card
Free
Strong entry point for BMO ecosystem testing – the bonus alone justifies opening the card, and the zero annual fee means you can keep it indefinitely as a backup Mastercard or downgrade target after sampling premium products.
| Category | Rate |
|---|---|
| Groceries | 3% |
| Everything Else | 0.5% |
Best suited for moderate spenders who can maximize the $500 monthly grocery cap – beyond that threshold, you're earning just 0.5% on everything else, so pair this with a stronger everyday card for non-grocery spending.
Instacart+ 3 months + $5/month credit
GeneralInstacart credits can offset monthly membership if you already use grocery delivery, but the rental car discounts are the travel-relevant piece – useful for frequent renters, though not a primary draw.
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Apply NowLast updated: December 19, 2025