Highlights
- Eligible grocery purchases earn 3% on the first $500 each statement cycle.
- Eligible automatic recurring bills earn 1% on the first $500 each statement cycle.
- No annual fee on the primary card or additional cards.
Issuer: Bank of Montreal
Network: Mastercard
Card type: Credit card
Annual fee: $0 for the primary card; additional cards are free
Foreign transaction fee: Foreign-currency purchases convert at the Mastercard rate on the posting date plus 2.5%; refunds convert at that rate minus 2.5%
This card earns BMO CashBack® cash rewards. The balance does not expire while the account stays open and in good standing.
Welcome offer
【September 5, 2026 update】 $125:
- In the first three statement cycles after opening, eligible net purchases of up to $2,500 earn 5%, for a maximum of $125. That cap is split into up to $500 grocery, $500 automatic recurring bills, and $1,500 other purchases.
- This is only for a new BMO CashBack Mastercard account. Restoring a former card, a product switch, or opening the same product again does not qualify. If you cancel within 90 days of opening, rewards earned in that period are cancelled.
Apply through the referral link 🔗 (This partner link supports the blog.)
Application requirement: Canadian citizen or permanent resident; no bankruptcy filing in the past seven years; age of majority in your province; and BMO’s minimum income requirement (the bank website does not publish a dollar amount).
Everyday spending
3%: Canadian grocery stores and supermarkets coded as Mastercard MCC 5411, on the first $500 each statement cycle; after that, 0.5%. Convenience stores, bakeries, butchers, and specialty shops are not in this category and earn 0.5%.
1%: Eligible Canadian automatic recurring bills, on the first $500 each statement cycle. The merchant has to bill this card automatically on a monthly or other regular schedule; after that, 0.5%. Not every merchant or recurring payment is recognized as eligible.
0.5%: Other eligible purchases, with no cap.
Benefits and insurance
- Reward redemption (BMO CashBack®)
The minimum one-time redemption is $1. You can apply it as a statement credit, deposit it into an eligible BMO chequing or savings account, or deposit it into BMO InvestorLine. Automatic recurring redemption starts at $25.
- Instacart+ (Instacart+)
The website currently lists three complimentary months of Instacart+ and a $5 monthly Instacart credit. You have to register under the promotion terms. The benefit and its terms can change.
- Car rental discounts (Car Rental Discounts)
Through BMO’s designated rental-booking channel, National and Alamo base rates can be reduced by up to 20%, and Enterprise by up to 5%. Location, vehicle, and availability affect whether you qualify.
Shopping insurance
Official insurance certificate 🔗
- Purchase Protection
Eligible personal items or gifts must be paid in full with this card. Theft or accidental damage worldwide within 90 days of purchase can be claimed; the insurer may repair, replace, or reimburse. Purchase protection and extended warranty share a $60,000 lifetime maximum per account. Used, refurbished, or returned-and-resold goods, business-use items, and listed motor vehicles are among the exclusions.
- Extended Warranty
The full purchase price must be charged to this card, and the original manufacturer warranty must be valid in Canada. Coverage can add up to one extra year after that warranty ends. Items with an original warranty longer than five years must be registered within one year of purchase. Settlement is the lower of repair or replacement cost and follows the original warranty terms. Report a loss immediately; written notice is due within 30 days and proof within 90 days.
