Student BMO CashBack Mastercard
Get 5% cash back in your first 3 months!
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
Get 5% cash back in your first 3 months
✨Key Card Features
- On grocery purchases
- so you can earn more whether you're stocking your kitchen or mini-fridge.On recurring bill payments such as mobile phones
- streaming services
- or subscriptions.On all other purchases
- so every time you spend
- you earn.
🏆Rewards Program
CashBack
Earn rewards on every purchase with the CashBack program. Redeem for travel, merchandise, gift cards, or statement credits.
👤Who Can Apply?
Residency
Canadian residents
Eligibility
Be a student between the ages of 18 and 24 at a recognized post-secondary school. Be a Canadian citizen or permanent resident. Have reached the age of majority in the province in which you live (18 years in AB, MB, ON, PE, QC and SK. 19 years in all other provinces). Earn annual income from employment, scholarship/grant, student loan or family allowance.
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want CashBack rewards
- •Those who want rewards without paying an annual fee
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +No annual fee
- +Generous welcome bonus: Get 5% cash back in your first 3 months!
- +CashBack rewards program
Cons
- −High interest rate (21.99%)
🏆Our Verdict
The Student BMO CashBack Mastercard is an excellent choice for those seeking a no-annual-fee card with solid rewards. The welcome bonus adds immediate value. Ideal for everyday spending without the commitment of an annual fee.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the Student BMO CashBack Mastercard?
The Student BMO CashBack Mastercard has an annual fee of $0. No Annual Fee.
What are the interest rates for the Student BMO CashBack Mastercard?
The purchase interest rate is 21.99% and the cash advance rate is 23.99%.
Who can apply for the Student BMO CashBack Mastercard?
Be a student between the ages of 18 and 24 at a recognized post-secondary school. Be a Canadian citizen or permanent resident. Have reached the age of majority in the province in which you live (18 years in AB, MB, ON, PE, QC and SK. 19 years in all other provinces). Earn annual income from employment, scholarship/grant, student loan or family allowance.
What welcome bonus does the Student BMO CashBack Mastercard offer?
Get 5% cash back in your first 3 months
Is the Student BMO CashBack Mastercard worth it?
The Student BMO CashBack Mastercard is a great no-annual-fee option. The welcome bonus of Get 5% cash back in your first 3 months! adds significant value. The CashBack program offers flexibility for redemptions.
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