Comparison

BMO CashBack Business Mastercard or BMO CashBack Mastercard: card comparison

Whether you are a person with a business or not, BMO delivers credit cards for every need. Check out the comparison between a BMO CashBack Business Mastercard and a BMO CashBack Mastercard.

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by Aline Augusto

Published on 02/16/2022

BMO CashBack Business Mastercard vs BMO CashBack Mastercard: which is the best?

Check out the card comparison! Source: LinkedIn BMO.
Check out the card comparison! Source: LinkedIn BMO.

Compare now BMO CashBack Business Mastercard vs. BMO CashBack Mastercard! BMO is the oldest bank in Canada, founded in 1817. It is also one of the largest banks, and it proudly helps people work on their personal and commercial banking, wealth management and investments, to achieve the most of their money.

Then, this bank offers a full range of financial products like accounts, loans, lines of credit, mortgages, insurance, investment, and credit cards.

And these credit cards serve all kinds of tastes, needs, and goals. Whether you are a person with a business or not, BMO delivers cards for everyone.

Today, we will review two rewards cards so that you decide if one of them fulfills what you are looking for.

So, keep reading to learn more about BMO CashBack Business Mastercard and BMO CashBack Mastercard!

How to apply for BMO CashBack Business Mastercard?

Get cash back on all purchases with a BMO CashBack Business Mastercard credit card! Learn how to apply for it!

How to apply for a BMO CashBack Mastercard card?

BMO CashBack Mastercard credit card features cash back, welcome bonus, and more. See how to apply for one now and enjoy its benefits!

BMO CashBack Business MastercardBMO CashBack Mastercard
Sign-up bonus10% cash back on gas, office supplies, and cell phone & internet bills for 3 monthsUp to 5% cash back in the first 3 months;
1.99% introductory APR on balance transfers for 9 months with a 1% transfer fee
Annual fee$0$0
Rewards1.75% cash back at Shell;
1.5% cash back on eligible gas station, office supplies purchases, and on recurring cell phone/internet billings;
0.75% cash back on all other purchases
3% cash back on grocery purchases;
1% cash back on recurring bill payments (streaming services, subscriptions or monthly utilities);
0.5% cash back on all other purchases
Other perksOptional Employee Cards;
Mastercard Easy Savings; 
Liability Waiver Program;
Extended warranty;
Purchase protection;
Mobile app
Extended warranty;
Purchase protection;
National Car Rental and Alamo Rent a Car 25% off;
Up to 20% off on Cirque du Soleil shows;
Zero Liability;
Mastercard Identity Check;
BMO Alerts;
Mobile app with CreditView
APR19.99% for purchases;
22.99% for cash advances
19.99% for purchases;
22.99% for cash advances (21.99% in Quebec)

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BMO CashBack Business Mastercard

Check out more about this card. Source: BMO.
Check out more about this card. Source: BMO.

It doesn’t matter if you are a sole proprietor, a corporation, a person in a partnership, or an unincorporated association; BMO has a credit card specialized in helping you in your daily rush life. 

This credit card offers cash back on all purchases with no annual fee. And you can empower your employees by giving them optional cards with purchasing authority.

Although it has a relatively high APR ranging from 19.99% to 22.99%, this card features some benefits.

On the other hand, unlike other cards available in Canada, it doesn’t require any minimum income.

BMO CashBack Mastercard 

Learn more about this card. Source: BMO.
Learn more about this card. Source: BMO.

If you are searching for a special credit card, you have just found one. BMO CashBack Mastercard delivers what promises and has won a few awards.

This card offers cash back on all purchases with no annual fee. Plus, the rewards never expire, and you can redeem them any time you want for as little as $1.

Also, it features protection, security, and zero liability.

Furthermore, you can count on a great online platform and an excellent mobile app to manage your spending.

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Benefits of BMO CashBack Business Mastercard credit card

Not all business cards offer rewards to their cardholders. This BMO credit card not only offers cash back on all purchases but also features a great welcome bonus.

So, you can earn up to 1.75% cash back on eligible purchases, with a standard rate of 0.75% on all the rest.

And a welcome bonus of 10% cash back on gas, office supplies, and cell phone & internet bills for three months.

Also, it doesn’t charge an annual fee, and it doesn’t require a minimum income to apply for it. 

Moreover, it allows you to add employees to optional cards with a Liability Waiver Program, protecting your business against employee card abuse.

Benefits of BMO CashBack Mastercard credit card

Holding a Mastercard means being accepted all over the world. This BMO CashBack credit card lives up to its name.

It offers 3% cash back on groceries, 1% cash back on recurring bill payments and 0.5% cash back on all other purchases.

Plus, the rewards don’t expire as long as you keep your account open, and it offers a flexible redemption program.

In addition, you get an excellent welcome bonus, with introductory APR on balance transfers for nine months and a 1% transfer fee.

Also, it provides you with the whole package of accessibility, protection, convenience, and more.

Finally, the best of all is that you don’t have to worry about annual fees of any kind. 

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Disadvantages of BMO CashBack Business Mastercard 

This card could improve some features, such as the insurance package. It offers purchase protection and an extended warranty only.

Furthermore, you may have to watch out for the APR. Even though it follows the average rate, it could be improved for business owners.

Disadvantages of BMO CashBack Mastercard 

Although this credit card offers a great deal in rewards, the standard rate is 0.5%, which means that if you don’t usually spend your money with groceries and recurring bills, you shall look for another BMO product.

Also, there is a spending cap of $500 per month on the bonus categories. Even though it is not low, especially for a no-fee card, you may watch out for it.

BMO CashBack Business Mastercard or BMO CashBack Mastercard: which you should choose?

BMO provides you with great tools whether you are a business person or not. If you want peace of mind in your routine, BMO can help you with that.

Then, if you own a business, BMO CashBack Business Mastercard is an excellent option for you. It offers rewards with no annual fee, an average APR, and some benefits for your operation.

However, if you don’t own a business, BMO CashBack Mastercard does the job. It also doesn’t charge any annual fees, and it gives you cash back on all purchases. 

But if you are still not sure about the best card, we can help you out! Check out below another interesting option available on the market, the Conexus Cash Back Mastercard®!

How to apply for a Conexus Cash Back Mastercard®?

The Conexus Cash Back Mastercard® credit card gives you one point-reward for each dollar spent and doubles it on gas station expenses. Apply now!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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