Learn How to Apply for a BMO Cashback Mastercard for Students

What do I need to know before applying?

The BMO Cashback Mastercard for Students is a card designed for students, offering great benefits such as 0.5% cashback on all purchases! 

BMO is a well-recognized bank in Canada and other parts of the world, providing a range of financial services, including the brand’s renowned credit cards.

BMO offers options for all tastes and budgets, helping Canadians at different stages of life. 

The BMO Cashback Mastercard for Students, in particular, is an award-winning card with no annual fee, recognized by major companies like creditcardGenius and ratesdotca as the best student credit card in Canada. 

In terms of interest rates, the card charges 20.99% on purchases and 22.99% on cash advances. BMO rewards are given as cashback, with 3% on grocery purchases and 1% cashback on recurring payments such as phone services, streaming, and various subscriptions. 

Lastly, you can earn 0.5% cashback on all eligible purchases made with the BMO credit card.

You can redeem your cashback anytime, either as a deposit into your BMO account (checking or savings) or as a statement credit, with the option of a fixed recurring amount or a lump sum. 

The card offers robust security and protection, with full management through BMO’s apps, allowing you to access financial insights and regularly track your credit score.

If you’d like to know more about the card, keep reading.

Who can Apply?

The BMO card has well-defined criteria for eligibility, such as being a student with proof of enrollment and being between the ages of 18 and 24.

You need to be enrolled in a recognized higher education institution. It’s okay if you’re an international student, but in that case, you’ll need to apply by visiting a branch. 

BMO will also request information about your monthly income, not only to determine card approval but also to set your credit limits.

It’s important to note that meeting the criteria doesn’t guarantee approval, as each application is subject to the bank’s availability.

How do I Apply for the BMO Cashback Mastercard for Students?

To receive your BMO card, you can find the “Apply” button to start filling out the application form, a secure process through the bank’s digital channels.

First, you need to indicate if you’re already a BMO debit cardholder. If not, you can begin the application through the BMO form.

Here are some details you might need to provide:

• Personal information: Full name and date of birth
• Contact information: Phone number and email address
• Address: Street, city, and postal code
• Education: Information about the educational institution, course type, and graduation date

Additionally, you will need to create your login and password and provide employment and income details to determine your card’s limits.

Throughout the process, you may need to submit documents such as proof of residence and enrollment.

If you have any questions, you can contact BMO’s customer service for assistance.

Overall, the card has an easier application process and promises a quick response for receiving the BMO.

More Details

The Mastercard comes with Zero Liability Protection for unauthorized transactions, and you’ll be notified through BMO alerts whenever purchases are made with your card. 

With BMO, you can save up to 20% on rentals with Car Rental and Alamo, as well as 20% off Cirque du Soleil shows.

You can add an additional cardholder at no extra cost and save up to 7% on reservations through Booking.com.

The BMO PaySmart installment plan offers a smart way to break down larger purchases into smaller monthly payments with no interest and lower payment fees.

Want to learn another option?

The BMO World Elite Cashback Mastercard is a more premium credit card from the bank’s brand, offering benefits such as 5% cashback on groceries and 3% at gas stations. 

The card is more advanced and includes worldwide Wi-Fi access, travel assistance, and exclusive discounts, making it a well-rounded card for daily life. See how to apply.

Written by

Gabriel Gonçalves