If you want to improve your credit as a student and receive some cash back at the same time, the Student BMO CashBack Mastercard is a fantastic option.
Student BMO CashBack
$0 annual fee cash backBecause it is a student card, it is more widely accepted and offers the same reward rate as their standard BMO CashBack Mastercard.
Other card details
For groceries, recurring bill payments, and all other purchases, the Student BMO CashBack MasterCard offers 3% cash back, 1% cash back, and 0.5% cash back, respectively. The expedited categories have a $500 monthly spending cap, that may not be suited for a family but is rather generous considering this is a student card. The earn rate will decrease to the base rate of 0.5% if you go over these spending limits. Keep in mind that independent companies like butcher shops and bakeries are not included in the grocery category. Costco and Walmart are also excluded.
Learn more about Student BMO CashBack MastercardCredit Card
The Student BMO CashBack Mastercard makes it simple and flexible to redeem your cash-back benefits, which is a terrific benefit for students who are watching every dollar. You don’t have to wait until a specific period to use your cash back, in contrast to several other credit card schemes. If you’ve received at least $1 in cash back, you can redeem it at any time. You can also start with a $25 redemption and set up monthly payments if you’d like. Your cashback can be applied to your credit card statement or put into a BMO checking, savings, or investment account. Given that many other cards only permit you to redeem your cash back once per year, this is one of the most versatile cash-back redemption programs available.
Other Benefits of the Card
- Additional warranty coverage and purchasing insurance.
- At specific National Car Rental and Alamo Car Rental locations, save up to 25% on rentals.
- Save 15% on Cirque Du Soleil performances that are on tour in Canada.
- 20% Discount on shows that are in resident there.
- No additional charge for an additional cardholder.
Learn how to apply
Applying for the BMO CashBack Mastercard for Students is a straightforward process, designed to help students manage finances while earning rewards.
First, visit the BMO website. Navigate to the ‘Credit Cards’ section, and select the ‘Student Cards’ option. Here, you’ll find the BMO CashBack Mastercard for Students. Review the card features, including no annual fee, cashback rewards on purchases, and introductory rates.
Before applying, ensure you meet the eligibility criteria: being a Canadian resident and reaching the age of majority in your province. Also, having a good credit history is beneficial.
Click on ‘Apply Now.’ You’ll be prompted to fill out personal information, including your name, address, and financial details. Be honest and accurate in your responses.
After submitting the application, wait for approval. BMO may contact you for additional information. Once approved, you’ll receive your card and can start enjoying cashback rewards on your purchases.
Remember, using a credit card responsibly is key. Pay your balances on time and monitor your spending to build a positive credit history.
Unveiling the Benefits of American Express Cobalt Card 
Unlock Exclusive Benefits with Tangerine World Mastercard 
American Express Aeroplan Reserve Card