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BMO Premium CashBack Mastercard for Business review

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Advertiser Disclosure

Annual Fee
$69.00
Interest Rate: Purchases
19.99%
Interest Rate: Purchases
19.99%
Balance Transfer
22.99%
Balance Transfer
22.99%
Rewards
1 - 3% cashback
Rewards
1 - 3% cashback
Signup Bonus
-
Signup Bonus
-


Am I eligible?


BMO Premium CashBack Mastercard for Business is typically available to those with good 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.

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 $69.00
  • Waived on the first year.
  • In subsequent years, all annual card fees associated with the account will be waived if spend within a 12-month spend is $50,000 or more.
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

Receive 2% cash back for the first 6 months.

Rewards
All Purchases 1% cash back
Restaurants No
Gas 3% cash back

On purchases made at Shell locations in Canada

Groceries No
Hotels No
Travel 3% cash back

On purchases made at National Car Rental and Alamo Rent A Car at participating locations

Pharmacy No
Bills No
Additional Details


Features & Benefits
Additional Card Holders
  • $5 per year for each card
  • Liability waiver program for protection against employee card abuse
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount Yes
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
Virtual Cards No
Additional Benefits

Roadside Assistance

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
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Additional comments -
Terms & Conditions Official Terms & Conditions
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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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