Cash back · Mastercard · No annual fee
Last verified 2026-09-09. Review issuer source
BMO Cash Back Mastercard is a no-annual-fee cash back card from BMO. Its best everyday rates are 5% on cable TV, 5% on streaming services, and 3% on gas stations; everything else earns 1%. Gas stations is capped at $2,500 a quarter, then drops to the base rate.
On our reference budget of $24,600 a year it returns about $462, an effective 1.9% back. The welcome bonus, $200 after $2,000 in 3 months, is the strongest reason to open it in a given year.
Put the bonus categories on it and everything else on a flat 2% card. On its own the base rate drags the average down. It charges 3% on foreign purchases, so leave it home when you travel abroad.
Cap: $2,500 per quarterly
Cap: $2,500 per quarterly
Earn $200 cash back when you spend $2,000 in the first three months of account opening
Up to $400 in coverage. Must charge your monthly wireless telephone bill to your card.
These come from Mastercard, not from BMO. Every card on the World Mastercard tier carries them, so they should not decide between two cards.
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
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Benefit descriptions are the issuer’s and network’s own wording, trimmed for length. Limits and exclusions are in the guide to benefits.
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| BMO Cash Back MastercardThis card · 5% on cable TV | None | $462 | +$462 | 303rd of 1,291 |
| BMO Platinum Rewards Mastercard®BMO's most-held other card · 2x on gas stations | None | $330 | +$330 | 524th of 1,291 |
| Savor RewardsThe strongest no-fee card on this budget · 3% on dining | None | $642 | +$642 | 4th of 1,291 |
| Robinhood Gold CardHighest net return on this budget · 3% on everything | $50 | $798 | +$748 | 1st of 1,291 |
Reference budget: groceries $6,000, dining and restaurants $3,600, gas and ev charging $2,400, travel and transit $3,000, online shopping $2,400, entertainment and streaming $1,200, everything else $6,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
