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BMO CashBack® Mastercard®* for students

BMO CashBack® Mastercard®* for students

BMOCash Back
Apply Now

on BMO's website

Annual Fee
$0
Welcome Bonus
Up to$100
cash back
Spend $1,000 in 3 mo
Bonus Value
$100
Estimated value
1st Year Value
$475

Pros & Cons

Pros

  • +Welcome Bonus: $100
  • +Up to 3x on Groceries
  • +Purchase protection included

Cons

  • –Foreign Transaction Fee (2.5%)

Our Review

The BMO CashBack Mastercard for students is ideal for students. You can earn 5% cashback during the first three months.

Also, this card comes with 90 days of protection for your purchases and an extended warranty of one year!

Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.

Offer ends: 2026-06-30

Rewards

All Spending

0.5x

Cash Back pts per dollar

Groceries

3x

Recurring

1x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

Groceries3.00%
$700/month
Gas & EV0.50%
$200/month
Transit0.50%
$100/month
Restaurants0.50%
$300/month
Pharmacy0.50%
$50/month
Travel0.50%
$150/month
Bills & recurring payments1.00%
$250/month
Telecom0.50%
$150/month
Entertainment & streaming0.50%
$100/month
Office supplies0.50%
$0/month
All other spending0.50%
$500/month

Cashback earned

$375

$/yr

Estimated Value

$375

After Fees

+$375

1st Year Value

$475

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 3.00%$252
Gas & EV$2,400/yr × 0.50%$12
Transit$1,200/yr × 0.50%$6
Restaurants$3,600/yr × 0.50%$18
Pharmacy$600/yr × 0.50%$3
Travel$1,800/yr × 0.50%$9
Bills & recurring payments$3,000/yr × 1.00%$30
Telecom$1,800/yr × 0.50%$9
Entertainment & streaming$1,200/yr × 0.50%$6
All other spending$6,000/yr × 0.50%$30
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year1.25%
Average earn rate on spend 1st year with welcome bonus1.58%
Total cashback on spend$375
Welcome bonus+$100
  • Earn $100 Cash Back after $1,000 in purchases in 3 months
Total cashback earned$475

Purchase Protection

✓

Purchase Protection

Included

✓

Extended Warranty

+1 year(s)

Interest Rates

  • Purchase Rate
    21.99%
  • Cash Advance
    23.99%
  • Foreign Transaction Fee
    2.5%

Terms & Conditions

Card Features

  • The best cash back credit card for students
  • Earn 5% cashback for the first three months*
  • Then get:
    • 3% cashback on grocery purchases
    • 1% cashback on recurring bill payments
    • 0.5% cashback on all other purchases
  • Enjoy three months of Instacart+ membership and a monthly $5 Instacart credit when you sign up with your eligible BMO credit card*
  • Enjoy the most cash back on groceries in Canada without paying an annual fee.
  • Get cash back every time you spend, plus start building a healthy credit history
  • Receive a discount on car rentals*

Legal

*Terms and conditions apply

BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.

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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. EducFinance may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.