BMO Harris Cash Back Mastercard? Are you trying to find a credit card that gives you benefits for your regular purchases? The BMO Harris Cash Back Mastercard is the only option.
This credit card allows you to earn cash back on your spending, enjoy valuable benefits, and easily manage your finances. You can also check out BMO Harris Express Loan Pay services if you require a loan.
With our first-hand experience, we will walk you through the BMO Harris Cash Back Mastercard’s features in this article, along with how it can improve your financial situation.
Discover The BMO Harris Cash Back Mastercard
The BMO Harris Cash Back Mastercard is a powerful financial tool that puts money back in your pocket with every purchase you make.
With this credit card, you have a great chance to receive cash-back rewards for regular purchases. This card enables you to maximize your rewards potential, whether making grocery or restaurant purchases or paying bills.
How Does The BMO Harris Cash Back Mastercard Work?
The BMO Harris Cash Back Mastercard works on a simple and straightforward cash-back rewards system.
Here’s how it works:
- Cash Back Categories: With this credit card, you can earn cash back in various spending categories. Enjoy 5% cash back on streaming and cable TV services, 3% cash back on dining, and 2% cash back on groceries. You get 1 percent cash back on all other purchases. This multi-tiered rewards structure ensures that you earn more in the categories where you spend the most.
- Unlimited Cash Back: You can accumulate an unlimited amount of cash back rewards using the BMO Harris Cash Back Mastercard. The more you use your card for eligible purchases, the more rewards you’ll accrue because there is no cap on the amount of cash back you can earn.
- Welcome Offer: You are eligible for a sizable welcome offer as a new cardholder. Spend $2,000 within the first three months of opening your account to receive a $200 cash-back bonus. This is a fantastic chance to increase your cashback earnings.
Benefits of The BMO Harris Cash Back Mastercard
Apart from its cash back rewards program, the BMO Harris Cash Back Mastercard offers a range of benefits designed to enhance your overall credit card experience.
Here are some notable benefits you can enjoy:
- No Annual Fee: The BMO Harris Cash Back Mastercard comes with no annual fee, allowing you to maximize your cash back rewards without any additional cost.
- Balance Transfer Offer: If you have existing credit card debt, you can save on interest with the BMO Harris Cash Back Mastercard. When you complete a balance transfer within 90 days of opening your account, you’ll benefit from a promotional APR for 12 months from the date of your first transfer.
- Digital Banking Tools: BMO Harris provides convenient and user-friendly digital banking tools that allow you to manage your credit card account effortlessly. From monitoring your spending to setting up automatic payments, you have full control over your finances.
- Contactless Payments: The BMO Harris Cash Back Mastercard is equipped with contactless payment technology, making it quick and easy to make purchases without swiping or inserting your card. Tap your card on the payment terminal to complete your transaction.
- Additional Perks: Depending on the specific terms and conditions of your card, you may be eligible for additional perks such as travel insurance, extended warranty protection, and purchase protection. These perks may increase your overall card usage’s value and give you additional peace of mind.
How To Apply For The BMO Harris Cash Back Mastercard
The BMO Harris Cash Back Mastercard is a great option for people who want to earn cash back on their everyday purchases.
The card offers 3% cash back on gas and grocery purchases, 5% cash back on eligible streaming, cable TV, and satellite services, and 1% cash back on all other eligible purchases. The card has no annual fee and no charges for international transactions.
To apply for the BMO Harris Cash Back Mastercard, you can visit the BMO Harris website or call 1-888-340-2265. You will need to provide some basic information about yourself, such as your name, address, date of birth, and Social Security number. You will also need to provide information about your income and employment.
If you are approved for the BMO Harris Cash Back Mastercard, you will receive your card in the mail within a few weeks. After that, you can start using your card to make purchases and receive cash back.
Here are the rewards for BMO Harris Cash Back Mastercard:
- You can get a $200 cash back bonus if you spend $2,000 within the first three months of opening your account.
- Receive 5% cash back on eligible streaming, cable TV, and satellite services.
- Up to $2,500 in combined gas and grocery spending per calendar quarter, earn 3% cash back.
- On all other purchases, get 1% cash back.
- $0 annual fee.
- No foreign transaction fees.
Once you have your card in your possession, activate it as directed. Start using your card for regular purchases to start earning cash back rewards. To avoid interest charges and make the most of the card’s benefits, make sure to pay your credit card bill on time and in full each month.
If you are looking for a credit card that offers cash back on your everyday purchases, the BMO Harris Cash Back Mastercard is a great option. To start receiving cash back on your purchases, apply today!
Review of The BMO Harris Cash Back Mastercard
The BMO Harris Cash Back Mastercard has received favorable evaluations from both users and professionals.
Let’s take a closer look at the key features that make this card stand out:
Positive Features
- Generous Cash Back Rewards: The card offers competitive cash back rates of 5% on streaming, cable TV, and satellite services, 3% on gas and groceries, and 1% on all other eligible purchases. This multi-tiered cash back program allows you to maximize your earnings.
- Introductory APR: For those looking to transfer their balances, the BMO Harris Cash Back Mastercard provides an attractive introductory rate of 0% APR for 12 months on balance transfers made within the first 90 days. You could reduce your interest payments with the help of this feature.
- No Annual Fee: The BMO Harris Cash Back Mastercard does not have an annual fee, in contrast to many other credit cards. This is a significant advantage for cardholders who want to enjoy cash back rewards without incurring additional costs.
Potential Drawbacks
- Baseline Cash Back Rewards: While the cash back rates for specific categories are impressive, the baseline cash back rate of 1% on all other purchases may be lower compared to some other credit cards. However, the overall benefits of the card can still outweigh this drawback for many users.
- Foreign Transaction Fee: If you frequently travel internationally or make purchases in foreign currencies, it’s important to note that the BMO Harris Cash Back Mastercard charges a foreign transaction fee. Consider this factor if you often engage in international transactions.
Frequently Asked Questions
How much CashBack do you get on BMO Mastercard?
The BMO CashBack Mastercard offers 5% cash back on eligible streaming, cable TV, and satellite services, 3% cash back on gas and grocery purchases, and 1% cash back on all other eligible purchases. There is no annual fee for this card.
What credit score do you need for BMO Harris Cash Back Mastercard?
The BMO Harris Cash Back Mastercard has a credit score requirement of 670 or higher. This means that you will need to have a good credit history in order to be approved for this card. If you have a credit score below 670, you may still be able to be approved for the card, but you may have to pay a higher interest rate.
How do I use my BMO CashBack?
Here are the steps on how to use your BMO CashBack:
1. Log in to your BMO Harris account online or through the mobile app.
2. Click on the “Rewards” tab.
3. Select “BMO CashBack” from the list of rewards programs.
4. Select “Redeem” from the menu.
5. Decide how you would like to use your cashback. Your cashback can be redeemed for travel, a BMO Harris deposit account, or a statement credit.
Type in how much cash back you want to redeem.
6. Select “Redeem” from the menu.
Within 2-3 business days, your cash back will be applied to your account.
You can use your BMO CashBack in the following ways:
Statement credit: Your statement credit from your cash back can be applied to your subsequent credit card bill.
BMO Harris deposit account: You can redeem your cash back for a deposit into a BMO Harris deposit account.
Travel: You can redeem your cash back for travel purchases, such as flights, hotels, and rental cars.
Additionally, you can choose a charity to receive your BMO CashBack donation.
Here are some of the benefits of using your BMO CashBack:
1. You can save money on your everyday purchases.
2. You can get cash back on a range of purchases, including gas, groceries, and streaming services.
3. You can redeem your cash back for a variety of rewards, including statement credits, BMO Harris deposit accounts, and travel.
If you are looking for a way to save money on your everyday purchases, the BMO CashBack is a great option.
Here are some additional details about BMO CashBack:
1. You can earn 5% cash back on up to $250 in combined purchases each quarter in eligible streaming services, cable TV, and satellite services.
2. You can earn 3% cash back on gas and grocery purchases.
3. All additional eligible purchases are eligible for 1% cash back.
Cash back is earned on the amount after any discounts or credits.
4. Cash advances, balance transfers, and purchases made outside of the United States do not qualify for cash back.
5. After the purchase, your account will receive the cash back within 2 to 3 business days.
6. Cash back is not a credit and does not expire.
7. You can use your cash back to pay for travel, BMO Harris deposit accounts, or statement credits.
You should get in touch with BMO Harris customer service if you have any questions about BMO CashBack.
Is BMO Harris a Visa or Mastercard?
BMO Harris offers both Visa and Mastercard credit cards. Some of their most popular Visa cards include the BMO Harris Cash Back Mastercard and the BMO Harris Cash Back Everyday Mastercard. Some of their most popular Mastercard cards include the BMO Harris® Platinum Rewards Mastercard® and the BMO Harris® Business Platinum Mastercard®.
Final Words
The BMO Harris Cash Back Mastercard is an excellent choice for individuals looking to earn cash back rewards on their purchases.
With its competitive cash back rates, no annual fee, and additional benefits, this credit card offers a compelling package for those seeking financial flexibility and rewards.
Apply for the BMO Harris Cash Back Mastercard today and embark on a rewarding journey of earning cash back on your everyday spending.
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