35,000 Points
Worth $350
After you spend $5,000 on purchases on your new card in your first 3 months of card membership.
- 1%Everywhere
Annual Fee
$79
Rec. Credit
Excellent
Bank of Montreal
BMO Cash Back
The BMO Cash Back is built for someone who wants a no-annual-fee card with one clear bonus category and very little complexity. It works best as a simple everyday card for light to moderate spending, especially if streaming is a meaningful monthly expense, rather than as a feature-rich card you carry for travel or premium perks.
Welcome Offer
20,000 Points
Annual Fee
$0
Rec. Credit Score
Good
Good For
No-fee simplicity
All information about BMO Cash Back has been collected independently by MaxRewards. BMO Cash Back is no longer available through MaxRewards.
Is the BMO Cash Back worth it?
This card is great for...
Streaming subscriptions
Basic everyday spending
No annual fee cash back
This card is worth a look if you want a straightforward no-fee option and you spend enough on streaming services to make the 5% category actually matter. The welcome offer is also solid for a card with no annual fee, and the 1% back on everything else keeps the card easy to use without tracking a long list of categories.
For most readers, the main question is whether that streaming bonus fits real life. If your non-streaming spending is spread across groceries, gas, dining, and travel, this card will likely feel limited because it does not offer stronger everyday categories or meaningful side benefits. It is a reasonable low-maintenance card, but not the one to choose if you want broad rewards or travel-friendly value.
MaxRewards Verdict
The BMO Cash Back fits cardholders who want a no-fee card with simple earnings and a useful boost on streaming. Its limitation is that outside that niche, rewards are basic and the card offers no meaningful extra benefits.
Welcome Offer
20,000 Points after you spend $3,000 on purchases on your new card in your first 3 months of card membership.
Est. Value
$200
Required Spend
$3,000
Time Frame
3 Months
Est. Value
$200
Required Spend
$3,000
Time Frame
3 Months
What's your average monthly spend?
You should easily hit the bonus threshold with this spend!
Rewards
Rewards percent based on a valuation of 1¢ per BMO Flex Rewards point
BMO Flex Rewards are worth about 1 cent each here, so the card effectively works like a cash-back card: 5% on eligible streaming and 1% everywhere else. The key is whether that single bonus category matches how you actually spend each month.
CategoryEst. yearly spendRateRewards
Streaming
Est. yearly spend
Rate5%
Rewards$0$0
Grocery
Jul 1 – Sep 30 · Up to $2,500 in spend
Est. yearly spend
Rate3%
Rewards$0$0
Everywhere
Est. yearly spend
Rate1%
Rewards$0$0
Est. Annual Rewards
Recommended Minimum Credit
Min: Good
Poor
Fair
Good
Excellent
Good credit or higher is recommended for this card.
Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.
Rates & Fees
Annual Fee
$0
Purchase APR
21.24% - 28.24%
Variable
Transfer APR
21.24% - 28.24%
Variable
Cash Advance APR
32.49%
Variable
Foreign Transaction Fee
$0.03
Balance Transfer
$10
Cash Advance
$10
Late Payment
$39
Return Payment
$39
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Other cards from Bank of Montreal
25,000 Points
Worth $250
After you spend $2,000 on purchases on your new card in your first 3 months of card membership.
- 1%Everywhere
Annual Fee
$0
Rec. Credit
Good
Annual Fee
$25
Rec. Credit
Rebuilding