Bank of Montreal

BMO CashBack® Business Mastercard®*

MastercardCashback

Compare

on Bank of Montreal's website

Annual Fee

Welcome Bonus

125 pts

Spend $5,000 in 3 mo

Bonus Value

—

Estimated value

1st Year Value

$359

✓

Pros

✓Welcome Bonus: 125 pts
✓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

Cashback 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.

Gas1.5x

$300/month

Telecom1.5x

$300/month

Office1.5x

$150/month

Recurring1.5x

$300/month

Groceries0.75x

$400/month

Restaurants0.75x

$160/month

All other spending0.75x

$700/month

Points Earned

30,240

Cashback/yr

Estimated Value

$302

After Fees

+$302

1st Year Value

$302

incl. welcome bonus

Annual rewards breakdown

Gas$3,600/yr × 1.5x

5,400 pts

Telecom$3,600/yr × 1.5x

5,400 pts

Office$1,800/yr × 1.5x

2,700 pts

Recurring$3,600/yr × 1.5x

5,400 pts

Groceries$4,800/yr × 0.75x

3,600 pts

Restaurants$1,920/yr × 0.75x

1,440 pts

All other spending$8,400/yr × 0.75x

6,300 pts

Total annual spend$27,720

Monthly spend$2,310

Average earn rate1.09x

Total points earned30,240 pts

Purchase Protection

✓

Purchase Protection

Included

✓

Extended Warranty

+1 year(s)

Interest Rates

Purchase Rate

20.99%

Cash Advance

23.99%

Balance Transfer Promo

Foreign Transaction Fee

2.5%

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

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information

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SimplyCash® Preferred Card from American Express

American Express Canada

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SimplyCash® Card from American Express

American Express Canada

$463

Desjardins Cash Back Visa

Desjardins

$203

MBNA Smart Cash Platinum Plus® Mastercard®

MBNA

$396

Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 Bank of Montreal. All trademarks are property of their respective owners.

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).

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

BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information