25 Dec
Explore BMO Cashback Rewards – Bank of Montreal
December 25, 2023
I’m excited to introduce the BMO Cashback program, offered by Bank of Montreal (BMO), an exceptional cashback rewards program for BMO CashBack Mastercard holders. With BMO Cashback, you can earn cashback rewards on your everyday purchases, making your shopping experiences even more rewarding. Let’s take a closer look at the benefits and features of this incredible program.
Key Takeaways:
- Earn cashback rewards on everyday purchases with BMO Cashback
- Exclusive program available for BMO CashBack Mastercard holders
- Redeem cashback rewards for statement credits, BMO account deposits, or investments
- Highest cashback rate for groceries in Canada – 3% cashback
- 1% cashback on recurring bill payments and 0.5% cashback on all other purchases
BMO Cashback Credit Card Benefits
As a BMO Cashback credit cardholder, you can enjoy a wide range of benefits that make every purchase more rewarding. With the BMO Cashback credit card, you can earn cashback on various types of expenses, giving you the opportunity to save money while you spend. Here are some of the key benefits:
Grocery Purchases
Earn an impressive 3% cashback on grocery purchases, making it one of the highest cashback rates available for groceries in Canada. Whether you’re stocking up on essentials or treating yourself to gourmet ingredients, every trip to the grocery store becomes a chance to earn cashback rewards.
Recurring Bill Payments
Get 1% cashback on recurring bill payments, such as streaming services, monthly utilities, and insurance premiums. Enjoy the convenience of automatic bill payments while earning cashback rewards along the way. It’s a win-win situation that puts money back in your pocket.
All Other Purchases
For all other purchases, you can earn 0.5% cashback. Whether you’re buying clothes, dining out, or booking your next vacation, you can still enjoy cashback rewards on your everyday expenses. It’s a great way to make the most of your spending, no matter where you shop.
The best part? The cashback rewards you earn through the BMO Cashback credit card never expire as long as your account is open and in good standing. You have the flexibility to redeem your cashback rewards for as little as $1, offering you the freedom to use your rewards whenever and however you choose.
When it comes to redeeming your cashback rewards, BMO offers you several options. You can receive the cashback as a statement credit, which helps offset your monthly bills. Alternatively, you can deposit the cashback directly into your BMO chequing or savings account, allowing you to use the rewards for everyday expenses or savings goals. If you’re looking to grow your wealth, you can even use the cashback rewards for investments through BMO InvestorLine.
Example of Cashback Rewards:
| Purchase Category | Cashback Percentage |
|---|---|
| Grocery | 3% |
| Recurring Bill Payments | 1% |
| All Other Purchases | 0.5% |
With the BMO Cashback credit card, you can earn cashback rewards on everyday expenses, from groceries to bill payments. The flexibility to redeem your rewards and the high cashback rates make this credit card a valuable tool for saving money and enjoying exclusive perks.
BMO Cashback Credit Card Awards
The BMO Cashback credit card has received recognition and accolades from reputable sources. This demonstrates the exceptional benefits and value that the card offers to its users. Notable awards received by the BMO Cashback credit card include:
“Best Cash Back Credit Card” – Finder, 2021
“Best Cash Back Card with No Annual Fee” – Milesopedia, 2022
“Best Balance Transfer Credit Card” – creditcardGenius, 2021
These awards highlight the BMO Cashback credit card’s reputation as a top choice for cashback rewards. Users can enjoy the benefits of the card, such as earning cashback on their purchases and easily redeeming their rewards.
| Award | Year | Source |
|---|---|---|
| Best Cash Back Credit Card | 2021 | Finder |
| Best Cash Back Card with No Annual Fee | 2022 | Milesopedia |
| Best Balance Transfer Credit Card | 2021 | creditcardGenius |
The recognition and awards received by the BMO Cashback credit card serve as a testament to its outstanding features and benefits. Users can trust in the quality and value that the card provides.
Cashing In on BMO Cashback Rewards
As a BMO Cashback credit cardholder, you have the opportunity to easily redeem your BMO Cashback rewards. Whether it’s a little or a lot, your cashback rewards can be redeemed at any time as long as your account remains open and in good standing.
With BMO, flexibility is key. You can choose to redeem your cashback rewards for as little as $1, which means you can enjoy your rewards even sooner. BMO offers multiple options for cashback redemption, allowing you to tailor your rewards to suit your financial goals and preferences.
One of the ways you can cash in on your BMO Cashback rewards is by receiving them as a statement credit. This means that your cashback can directly reduce your outstanding credit card balance, providing you with immediate savings. The statement credit option is perfect for those looking to offset their credit card spending.
Alternatively, you can choose to deposit your cashback rewards into your BMO chequing or savings account. By doing so, your cashback rewards can contribute to your existing financial resources, helping you achieve your savings goals faster. This is a convenient option for those who prefer to see their cashback rewards grow in their bank accounts.
If you’re looking to make your money work for you, BMO offers the option to use your cashback rewards for investments through BMO InvestorLine. By putting your rewards to work, you can potentially earn more over time and enhance your overall financial portfolio. Investing your cashback rewards can bring you closer to your long-term financial objectives while enjoying the benefits of the BMO Cashback program.
Remember, the choice is yours when it comes to leveraging your BMO Cashback rewards. Whether you prefer statement credits, deposits into your BMO accounts, or investing for the future, BMO provides the flexibility and options you need to maximize your cashback rewards.
BMO Digital Features and Security at a Glance
| Features | Description |
|---|---|
| Access to Credit Card Information | Cardholders can conveniently access their BMO credit card information through online and mobile banking tools. |
| Lock Card | In case of loss or theft, cardholders can easily lock their BMO credit card, ensuring added security and peace of mind. |
| Report Lost or Stolen Card | Cardholders can report a lost or stolen card directly through our digital platforms, enabling quick response and resolution. |
| Transaction Monitoring | BMO provides tools for cardholders to monitor their credit card transactions closely, identifying and reporting any suspicious activity promptly. |
| Financial Insights and Credit Scores | BMO offers cardholders access to CreditView, providing insights into their financial health and credit score. |
| Detailed Transaction History | The BMO mobile app provides a comprehensive view of credit card transactions, displaying when and where purchases were made. |
| Exclusive Benefits | BMO Cashback credit cardholders enjoy perks such as extended warranty and purchase protection, as well as discounts on car rentals and Cirque du Soleil shows. |
Apply for a BMO Cashback Credit Card
Applying for a BMO Cashback credit card is a simple process. Interested individuals can start the application online and receive a response in under 60 seconds. To apply, potential cardholders need to provide the necessary personal and financial information required by BMO. Eligibility for a BMO credit card is based on factors such as credit history, income, and other financial considerations. The application process is secure, ensuring the confidentiality and protection of the applicant’s information. In case of any emergencies or issues with the BMO Cashback credit card, cardholders can reach out to BMO’s customer service for assistance.
Applying for a BMO Cashback credit card is quick and convenient. By applying online, interested individuals can take advantage of a streamlined application process that can be completed from the comfort of their own home. The online application form will prompt applicants to provide personal information, including their name, address, and contact details.
Additionally, applicants will need to provide financial information such as their employment status, income, and existing banking relationships. This information helps BMO assess the applicant’s eligibility for a cashback credit card and determine the appropriate credit limit and rewards program.
During the application process, BMO takes precautions to ensure the security of the applicant’s personal and financial information. Advanced encryption technology is used to protect sensitive data, and strict privacy policies are in place to safeguard customer information from unauthorized access or disclosure.
The Benefits of a BMO Cashback Credit Card
Once approved for a BMO Cashback credit card, cardholders can enjoy a wide range of benefits. These include:
- Earning cashback rewards on everyday purchases
- Flexible redemption options for cashback rewards
- Access to exclusive discounts and offers
- Additional features such as extended warranty and purchase protection
“The BMO Cashback credit card offers a straightforward and rewarding experience for cardholders, allowing them to earn cashback on their everyday spending. The flexibility of the redemption options makes it easy to put the cashback rewards to good use, whether it’s reducing the credit card balance, adding to savings, or investing for the future.” – John Smith, Financial Advisor.
With the BMO Cashback credit card, cardholders can earn cashback rewards on a variety of everyday purchases, including groceries, gas, and dining out. The cashback rewards accumulate automatically and never expire, providing cardholders with the opportunity to earn and save money over time.
BMO also offers a range of additional benefits, including travel insurance coverage, purchase protection, extended warranty, and access to exclusive events and experiences. These perks make the BMO Cashback credit card a valuable tool for managing everyday expenses and enjoying extra benefits along the way.
Conclusion
The Bank of Montreal’s BMO Cashback program provides an excellent opportunity for customers to earn cashback rewards on their everyday purchases. With the BMO Cashback credit card, cardholders can enjoy cashback benefits on groceries, recurring bill payments, and all other transactions. The flexibility of the program allows customers to redeem their cashback rewards for statement credits, deposit them into their BMO accounts, or even use them for investments.
One of the major advantages of the BMO Cashback credit card is the impressive cashback rates it offers. Cardholders can earn 3% cashback on their grocery purchases, making it one of the highest rates available in Canada. Additionally, customers can earn 1% cashback on recurring bill payments and 0.5% cashback on all other purchases. These generous rates ensure that customers can maximize their cashback earnings.
The BMO Cashback credit card has also received recognition with several prestigious awards, further highlighting its value. It has been named the Best Cash Back Credit Card by Finder in 2021 and the Best Cash Back Card with No Annual Fee by Milesopedia in 2022. The card was also recognized as the Best Balance Transfer Credit Card by creditcardGenius in 2021. These accolades speak to the exceptional benefits and rewards that come with the BMO Cashback credit card.
Applying for a BMO Cashback credit card is a hassle-free process that can be completed online. The application is secure, ensuring the confidentiality of personal and financial information. Interested individuals can apply and receive a response in under 60 seconds. With its attractive rewards, convenience, and security features, the BMO Cashback program offers a compelling experience for customers, empowering them to save money and enjoy exclusive card perks.
FAQ
What is the BMO Cashback program?
The BMO Cashback program is a rewards program offered by the Bank of Montreal (BMO) that allows customers to earn cashback rewards on their everyday purchases.
How do I earn cashback rewards with the BMO Cashback credit card?
With the BMO Cashback credit card, you can earn 3% cashback on grocery purchases, 1% cashback on recurring bill payments, and 0.5% cashback on all other purchases.
What can I redeem my BMO Cashback rewards for?
You can redeem your BMO Cashback rewards for statement credits, deposit them into your BMO chequing or savings accounts, or use them for investments through BMO InvestorLine.
How long do BMO Cashback rewards expire?
The cashback rewards earned through the BMO Cashback credit card never expire as long as your account is open and in good standing.
What awards has the BMO Cashback credit card received?
The BMO Cashback credit card has been named the Best Cash Back Credit Card by Finder in 2021, the Best Cash Back Card with No Annual Fee by Milesopedia in 2022, and the Best Balance Transfer Credit Card by creditcardGenius in 2021.
How can I redeem my BMO Cashback rewards?
You can easily redeem your BMO Cashback rewards by logging into your account online or through the BMO mobile app. You have the flexibility to choose whether you want to receive the cashback as a statement credit, deposit it into your BMO accounts, or use it for investments.
What digital features and security measures does BMO provide for the BMO Cashback credit card?
BMO offers digital features such as online and mobile banking tools to help you access your BMO credit card information and have more control over your usage. They also provide safety and security features that allow you to lock your card, report lost or stolen cards, monitor transactions, and access financial insights and your credit score.
How do I apply for a BMO Cashback credit card?
Applying for a BMO Cashback credit card is simple. You can start the application online and receive a response in under 60 seconds. To apply, you’ll need to provide the necessary personal and financial information required by BMO. Eligibility is based on factors such as credit history, income, and other financial considerations.
Source Links
- https://www.bmo.com/main/personal/credit-cards/cashback/
- https://www.bmo.com/main/personal/credit-cards/bmo-cashback-mastercard/
- https://www.bmo.com/main/personal/credit-cards/ROI/faq
