How to Apply BMO Cashback MasterCard

The BMO Cashback MasterCard can offer a program where cardholders earn cash back on every purchase they make with their card.

As you begin to make eligible purchases, your cashback accumulates in your account. You can begin to track your cashback earnings through BMO online banking or your mobile app.

There are two ways that you can redeem your rewards,

1. Statement credit: you can apply your cashback directly to your credit card balance, reducing the amount that you owe. This helps in managing credit card debt.
2. Deposit to Account: you can choose to have your cashback deposited into a BMO checking or savings account. This gives you additional flexibility to use your rewards when you want.

Requirements and Application Process for the BMO Cashback Card.

To apply for a BMO Cashback MasterCard is a pretty straightforward process that can be attempted online.

Some of the general steps include:

• Minimum age: Check if you meet the criteria for eligibility, which is being of legal age of 18.
• Credit score: having a good credit score is one of the requirements before making an application for the credit card.
• Choose your card: you would need to select the specific BMO Cashback MasterCard version that will align with your spending habits.
• Complete the application: you will need to fill out the application form on the web page, with your personal details.
• Review and Submit: after filling out the form, you should review your informations before submitting your application.
• Wait for Approval: after submitting, you would need to wait for approval from the bank and when they will send your card to you in the mail.

Discover other BMO credit cards, like the BMO Ascend World Elite Mastercard.

The Fees and Interest rates

Many versions of the BMO Cashback Mastercard come with no annual fee, but it is important to be educated about other fees, such as:

• Interest rates: it is important to have an idea of how the interest rates work, especially if you want to carry out a balance. The cards may have varying interest rates for purchases, cash advances, and balance transfers.
• Foreign transaction fees: it is important to know the fees that your card will attract when you make international transactions, a fee is usually attached to it. You need to check for the terms and conditions.
• Late payment fees: when you fall back on your scheduled payments or fail to make a minimum payment, it can result in late payment fees.

Press the button below and check out the step by step instructions for applying for your card.

How to use the BMO MasterCard

Using the BMO card is a straightforward process that easily allows you to earn cash back on your everyday purchases.

Below I’ll provide a step-by-step guide on how you can easily use your BMO card

1.  Application: you will need to apply for the card, online or at a BMO branch.
2.  Card Activation: after your application is reviewed and approved, you will receive your BMO cashback card in the mail. You can begin your card activation by following the instructions given to you. This might include calling a phone number or visiting the BMO website for more information.
3. Understanding your card: you must spend some time understanding your card and its features. Remember to read the terms and conditions to fully understand the interest rates, cashback reward programs, and any fees attached to them. Make your first purchase.
4. Earn cash back: once you start using your card to make purchases, you will earn cash back rewards, the amount earned will depend on your spending.
5. Track your spending: you must keep track of your card usage and spending. You can do this by reviewing your monthly statements, this is typically sent to you via your mail or online this helps you to stay easily within your budget.
6. Pay your bill: the easiest way you can avoid interest charges is to pay your credit card bill on time and pay in full every month. There are many ways to make payments you can do it through online banking, mobile apps, or by visiting a BMO branch.
7. Redeem cashback rewards: this card would offer various redemption options for your cashback rewards. These can include statement credits, depositing cashback into your BMO account, or using it to offset specific purchases. To get the most out of your card, you should consider using it for your regular daily purchases such as groceries, gas, and bills and some cards offer more for certain expenditures.
8. Contact customer service: if you have questions or concerns or need assistance with your BMO cash back card, you can easily contact customer care service to help provide you with guidance on any issue that you may be having.  You should be checking your accounts regularly for any unauthorized or suspicious transactions. Bmo offers online tools and alerts that can easily help in monitoring your account for security reasons.

 Benefits of the BMO Cashback Credit card

1. No Annual Fee: this is a great deal for customers who are looking to minimize their credit card costs. Many versions of the BMO cashback MasterCard come with no annual fee, you enjoy the benefits of the card without having to worry about any annual fee affecting your reward.
2. Mobile Payment Option: the BMO card offers compatibility with several popular mobile payment options like Apple Pay, Google Pay, and Samsung Pay, which makes it a convenient and secure way to make contact less payments. The insurance companies only offer extended warranty and purchase protection coverage.

Drawbacks to the BMO Cashback Mastercard.

The poor base earn rate: the grocery rate is terrific even if it is capped and so is the rate recurring bills. You will only earn 0.5% cash back on other purchases.

How to unlock the BMO MasterCard after Receiving it.

1. Contact BMO customer service: the first thing you need to do after receiving  your card is to reach out to customer service. You can find their customer service number on the back of the card.
2. Verification: you will need to verify your identity with the customer service agent. The questions may include your name, card number, and security questions.
3. Follow the instructions: you will be guided on what you need to do and instructions to follow in order to get your card unlocked.
4. Confirmation: after verification, the representative will resolve the issue and  confirm the card is unlocked and ready for use.
5. Test the card: after your card is unlocked, you will need to try it out to confirm it is working.

PRESS HERE TO APPLY THE BMO CASHBACK MASTERCARD

The Costs associated with the BMO MasterCard

You must always review the terms and conditions that are involved with the cards especially when it comes to what you will pay. The costs involved with this card:

1. Interest Charges: the interest charges that you will have to pay generally depend on your credit score. Having a balance on your card makes it more likely for you to incur more interest charges this is also determined by your annual percentage rate.
2. Annual fee: the annual fees that you pay usually depend on the version of the BMO card that you receive, some cards do not require you to pay any annual fee, while others might require you to.
3. The foreign transaction fee: this fee is for when you make international purchases in other currencies, the card may charge you a certain percentage from that purchase.
4. Balance transfer fee: transferring a balance from another credit card to your BMO credit card typically attracts a fee for the transaction
5. Overlimit fee: this fee is applied to your card if you tend to exceed your limit, you will be charged for it.