BMO Cashback Mastercard for Students: Up to 5% Cashback on one of the Most Award-Winning Cards in the Canadian Market

The BMO Cashback Mastercard for Students is a credit card option offering up to 5% cashback during the first few months and low fees to take advantage of.

The award-winning BMO credit card provides excellent financial management for Canadian students, and you can see how to apply.

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BMO is one of the leading financial institutions in the Canadian market, offering a range of financial services for various profiles.

In this way, you can count on options for different moments in your life, especially in the beginning when your focus is on studying and you don’t have much room to increase your income.

The BMO Cashback Mastercard for Students is a multi-award-winning card chosen as the best student credit card by brands such as creditcardGenius, ratesdotca, and milesopedia.

The card offers cashback rewards, such as 3% cashback at grocery stores, regardless of the products. On recurring payments, the reward is 1%.

Finally, you can receive 0.5% cashback on all purchases every time you spend, with various redemption options available.

You can redeem cashback by depositing into a BMO account or as a credit on your statement, either in a lump sum or as a recurring fixed amount.

Typically, a student credit card comes with lower initial limits, generally ranging from $500 to $1,000, but BMO may offer higher limits.

Yes, the card provides a 5% cashback benefit during the first three months with the BMO credit card.

The BMO card has no annual fee, with an interest rate of 20.99% for purchases and 22.99% for cash advances.

The student credit card has more lenient requirements compared to the traditional market.

Yes, the entire application process for the BMO card can be done online, as is typically offered by the bank.

The BMO platform offers a cashback calculator to help you understand your potential earnings when you start using the credit card in your everyday life in Canada.

The card is quite comprehensive in terms of features and security, offering the ability to lock and unlock the card directly through the app.

BMO also provides financial insights to track your credit score, with free 24-hour access and entries in CreditView to check impacts on your credit score.

The card includes zero liability protection for monetary losses in unauthorized transactions and alerts to notify you when payments are made.

The Mastercard is widely accepted worldwide, as it is one of the most recognized brands globally.

Want to learn another option?

So, even though it’s a student card, it can be a helpful tool for daily life. If you have a higher income, you might consider the BMO World Elite Cashback Mastercard, which offers 5% cashback at grocery stores, one of the highest rates in the market.

All of this comes with the security and reliability of BMO, making it a great option for regular travel, and you can find out how to apply.

SEE HOW TO APPLY