BMO CashBack Business Mastercard review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
22.99%
Rewards
0.75 - 1.5% cashback
Signup Bonus
-


Am I eligible?


BMO CashBack Business Mastercard is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


creditcardGenius

If you’re looking for a no fee business credit card, and gas, office supplies, cellphone and the internet are some of your biggest expenses, it’s hard to go wrong with this card. It also comes with extended warranty and purchase protection to give you peace of mind when making purchases for your bus...

- creditcardGenius
Ratehub.ca

If you’re looking for a business credit card that lets you earn cash back, the BMO CashBack Business Mastercard is the credit card for you. This no annual fee credit card allows you to earn cash back specifically targeted for business spending.

- Jordann Brown, Ratehub.ca

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $0.00
Balance Transfer Fee $3.50
Cash Advance Fee $1.50

- Maximum of $4.50 for cash advances on ATMs

- Minimum of $3.00, maximum of $6.00 for cash advances over-the-counter

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus

Get 6% cash back on gas, office supplies and cell phone/internet bills for 4 months.

Rewards
All Purchases 0.75% cash back
Restaurants No
Gas 1.5% cash back
Groceries No
Hotels No
Travel No
Pharmacy No
Bills 1.5% cash back

On cell phone/internet bill payments.

Additional Details

1.75% cash back on purchases made at Shell locations in Canada.

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits

- Liability Waiver Program to protect your business against employee card abuse

- Emergency replacement cards

Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


creditcardGenius

The best no fee business credit card

creditcardGenius

If you’re looking for a no fee business credit card, and gas, office supplies, cellphone and the internet are some of your biggest expenses, it’s hard to go wrong with this card. It also comes with extended warranty and purchase protection to give you peace of mind when making purchases for...More

If you’re looking for a no fee business credit card, and gas, office supplies, cellphone and the internet are some of your biggest expenses, it’s hard to go wrong with this card. It also comes with extended warranty and purchase protection to give you peace of mind when making purchases for your business – which is pretty standard for a no fee card.

Read full review

Less

Ratehub.ca

Best cash back business credit card

from Ratehub.ca

If you’re looking for a business credit card that lets you earn cash back, the BMO CashBack Business Mastercard is the credit card for you. This no annual fee credit card allows you to earn cash back specifically targeted for business spending.

Read full review

If you’re looking for a business credit card that lets you earn cash back, the BMO CashBack Business Mastercard is the credit card for you. This no annual fee credit card allows you to earn cash back specifically targeted for business spending.

Read full review

Less

User Reviews


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