Getting back a percentage of the money you spend on a purchase is so satisfying. For frequent shoppers, such a feature allows them to save and get products at lower costs. If you’re one of those shoppers you might want to check out the Bank of Montreal Cashback Mastercard.
Identified as a cashback card, the product comes with benefits and extra rewards that can help make your every transaction even more worthwhile. On top of that, the card also promises impressive rebates and easy application. Interested to know more?
Below is a roundup of everything you need to know about the Bank of Montreal Cashback Mastercard. Read on to learn about its features, application requirements, as well as fees and charges. Check them out here below.
Montreal Cashback Mastercard – Features
As a credit card, the Montreal Cashback Mastercard boasts of its impressive welcome offers. Specifically, as part of the card’s promo, new BMO CashBack Mastercard customers can enjoy a welcome offer of 5% cash back in their first 3 months since account opening.
Once the introductory period is done, users will then be eligible for a 3% cash back on their eligible grocery purchases, 1% on recurring bill payments, and 0.5% on all other purchases.
Other features of the product include having zero annual fee and a Purchase Protection and Extended Warranty Insurance on most items bought using the card.
Moreover, cardholders can also get the chance to enjoy 25% discount when they use the card to rent a car at any participating National Car Rental and Alamo Rent A Car location. They can also expect for a 15% off on admission to Cirque du Soleil shows touring Canada, as well as 20% discount on resident shows in Las Vegas.
Cons
While the Montreal Cashback Mastercard comes with range of impressive features, it also does have a few setbacks. Perhaps, among its major drawbacks is the fact cash back for purchases outside groceries and bill payments only scores to 0.5%.
Montreal Cashback Mastercard – How to Apply
To apply for the Montreal Cashback Mastercard, you’ll first need to be eligible for the offer. This means you’ll have to be at the age of majority in your province or territory and haven’t declared bankruptcy in the last 7 years.
If you satisfy these requirements, you can proceed to the application process. You can do this by visiting the Bank of Montreal official site. From its Home page, click Credit Cards, choose Cash Back, and select BMO Cashback Mastercard from the list.
From there, you’ll be provided with a summary of what the card offers. If the features seem okay to you, select Apply Now to start your application. During the process, you’ll be asked to submit a few personal details. Once done, click submit and wait for the bank’s response. You can get the result for your application under 60 seconds.
Montreal Cashback Mastercard – Fees and Charges
- Annual fee: $0
- APR on Purchases: 19.99%
- APR on Cash advances: 22.99%
- Over the limit fee: $29.00
- Dishonoured payment fee: $48.00
- Cash advances, cash-like transactions and bill payments in/outside of Canada: $5
- Inactive fee: $10
Bank of Montreal Contact and Address
Still have inquiries? To know more, feel free to reach out to the Bank of Montreal at 1-844-837-9228. You may also visit them at their head office located at 1 First Canadian Place 100 King Street West.
For your convenience, you can also find the nearest branch in your area.
The Bottom Line
Is the Montreal Cashback Mastercard the right choice for you? If you think the features of the card suit your demands, you can use the links above to connect you to the application page. But before you do anything, take a little time to research several cards before settling on one.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.