Pros
- ✓Welcome Bonus: $125
- ✓Purchase protection included
- ✓No annual fee
Cons
- ✗Foreign Transaction Fee (2.5%)
Our Review
The BMO CashBack Mastercard for Business is one of the best cashback Mastercard credit cards in Canada.
You can get a 10% discount for three months on purchases:
- gas purchases
- office supplies
- cell phone/internet payments
After that, you’ll get 1.5% on these purchases and 1.75% at Shell.
You can also benefit from a welcome interest rate of 0% on balance transfers for nine months (a 3% transfer fee applies).
Rewards
All Spending
0.75x
Cash Back pts per dollar
Gas
1.5x
Telecom
1.5x
Office
1.5x
Recurring
1.5x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Cashback earned
$302
$/yr
Estimated Value
$302
After Fees
+$302
1st Year Value
$427
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Interest Rates
- Purchase Rate20.99%
- Cash Advance23.99%
- Balance Transfer Promo0%
- Foreign Transaction Fee2.5%
Terms & Conditions
Card Features
Welcome offer:
- Get 10% cash back on gas, office supplies, and recurring cell phone/internet bill payments for 3 months
- 0.00% introductory interest rate on Balance Transfers for 9 months with a 3% transfer fee.*
- Get 1.75% cash back on purchases at Shell®†† gas stations
- Get 1.5% cash back on eligible gas stations, office supplies purchases and on your cell phone and internet recurring payments*
- 0.75% cash back on all other card purchases*
- Get up to 7 cents off per litre on all Shell®± fuel*
- No annual fee*.
FAQ
What is the welcome offer on the BMO CashBack Business Mastercard?
10% discount on gasoline and office supplies for 3 months, and 0% discount on balance transfers for 9 months.
What are the discount rates after the welcome offer?
1.5% on gasoline, office supplies, telephone and Internet bills; 1.75% at Shell, and 0.75% on other purchases.
Is the card accepted at Costco?
Yes, it can be used at Costco stores in Canada.
Is there an annual fee for the BMO CashBack Business Mastercard?
No, this card has no annual fee.
What is the balance transfer policy for this card?
Interest rate of 0.00% on balance transfers for nine months, with a 3% transfer fee.
Are additional cards available for employees?
Yes, additional employee cards are available.
Legal
*Terms and conditions apply
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