There are many cashback credit cards with no annual fees out there, and it can be hard to find the best one. Also, many cards that don’t have an annual fee offer very few perks in return. However, it is possible to find one that best fits your spending needs. In this post, we will help you decide which one is best: BMO CashBack® Mastercard® or Conexus Cash Back Mastercard®.

Moreover, the BMO card can be for you if you need a cashback card with a good rewards rate and extra perks, such as a good welcome bonus. Also, you do not need a very high credit score to try to qualify for it. On the other hand, the Conexus card can have a lower interest rate, and it also has no annual fee. Moreover, you can even get travel rewards with the points you earn when you spend with this card.

So, if you want to know more about the features of these two great credit cards, keep reading our comparison!

The BMO CashBack^® Mastercard^® credit card has a reasonable cashback rewards rate that ranges from 0.5% to 3% cashback. You can get 3% cash back on purchases made at grocery stores or supermarkets, 1% cashback on ongoing bill payments, and 0.5% on all other purchases. However, there is a monthly spending cap of $500 for each grocery purchase and ongoing bill payments. But even with this, you can get the best out of this cashback card.

Moreover, the current welcome offer is a 5% cashback bonus available during your first 3 months of account opening. Also, some terms apply to this welcome bonus, such as the 5% rate considers qualified purchases of up to $2,500 total.

In addition, it can be very simple to redeem your cash back rewards with this credit card. You can redeem your cashback at any time for as little as $1. Also, if you want to estimate your rewards before applying for the card, you can do that. On BMO’s website, you can estimate your monthly spending regarding each cashback category. Then, you can see the total amount of cashback you can earn in your first year!

Also, regarding safety, this credit card offers the technology of locking and unlocking your card if it gets stolen or lost. Moreover, you get zero liability for any purchases you did not authorize on your card. Plus, BMO alerts you if there are any suspicious activities on your card.

The Conexus Cash Back Mastercard® credit card has no annual fee and a great rewards redemption feature. You can earn 1 point for every $1 you spend with the card. Also, you get double the points when you spend at gas stations. And you can redeem these points as cashback on your card, or you can transfer them as a credit to your Conexus account.

Moreover, you can get travel rewards through your points, including purchases related to cruises, events, dining, flights, accommodation, and even spas! Also, you can use the tools offered by the card to create a budget and better control your finances.

In addition, you can get purchase protection and an extended warranty as a cardholder. You can get purchase protection for 90 days after your purchase if your purchase gets stolen or damaged. Also, the extended warranty offers double the purchase warranty for up to 12 additional months.

And there is not much information about the credit score needed to qualify for this credit card. However, it is best to have a good credit score when applying for a card. Also, you can increase your score by making your monthly payments on time. You can set up automatic payments to help you with this.

Both the BMO CashBack® card and the Conexus Cash Back card are great cashback credit card options that come with no annual fee. However, you might want to choose only one of them. If that is the case, you can analyze your spending and see which is best for your lifestyle. For example, the BMO CashBack® Mastercard® card can be best for those who want a higher cash back rewards rate. And the Conexus Cash Back Mastercard® card can work well for those who like travel rewards.

Moreover, you can get the best of the cashback rewards of the BMO CashBack® card. There is a 5% welcome bonus for new cardholders and a rewards rate that ranges from 0.5% to 3%. However, these rewards may come with some spending caps.

On the other hand, the Conexus Cash Back Mastercard® card offers one Conexus point for every dollar you spend with the card. Also, you get double the points if you buy at gas stations. The catch is that you can redeem these points for travel rewards related to flights, accommodations, spas, and more!

Therefore, the BMO CashBack® card is for those who like to spend an average amount of money on everyday purchases. You can get a good cash back rewards rate and some other perks. And with the Conexus Cash Back card, you can turn your points into travel rewards.

However, if you still want to look for other cashback card options, check out our post about the Discover it® Cash Back card. It has a good cash back rewards rate, and you can get an amazing welcome bonus. So, check out our post below with a full review!