Discover the Steps to Apply for a BMO Cashback Mastercard Designed for Students
The BMO Student Mastercard is an incredibly handy tool for effortlessly handling your finances while also helping you save in your everyday activities.
What should I know before applying?
The BMO Cashback Mastercard designed for Students is perfect for those looking for a no annual fee card while focusing on their studies!
BMO is a well-respected institution in Canada and beyond, offering a broad range of financial services, including their well-loved credit cards.
With options tailored to various needs and financial circumstances, BMO assists Canadians across different life stages.
The BMO Cashback Mastercard for Students is a standout, acclaimed as a no-annual-fee card and recognized by popular platforms like creditcardGenius and ratesdotca as the leading student credit card in Canada.
This card features an interest rate of 20.99% for purchases and 22.99% for cash advances. It provides cashback rewards, offering 3% on grocery purchases, 1% on recurring bills like phone bills and subscriptions, and 0.5% on all other eligible transactions.
You can redeem your cashback at any time, either by transferring it to your BMO checking or savings account or using it as a statement credit, whether as a recurring payment or a one-time amount.
Moreover, this card comes with robust security features and is fully manageable through BMO’s mobile applications, providing access to financial tools and the capability to track your credit score regularly.
For additional details about this card, keep reading.
Who is Eligible to Apply?
To qualify for the BMO card, you must meet specific eligibility criteria, including being a student aged 18 to 24 and showing proof of enrollment.
Enrollment at an accredited post-secondary institution is necessary. International students can also apply, but they must visit a BMO branch to complete their application.
BMO will inquire about your monthly income, which helps not only in determining your eligibility for the card but also in setting your credit limit.
Remember, fulfilling the basic requirements does not ensure approval, as the final decision is based on the bank’s assessment.
How to Apply for the BMO Cashback Mastercard for Students?
Simply click the “Apply” button to start your application for the BMO card, leading you to a secure online form provided by BMO.
Initially, you’ll need to indicate whether you already hold a BMO debit card. If not, you can continue with the application using BMO’s form.
You’ll need to provide some essential details, including:
- Personal info: name and birth date
- Contact info: phone number and email
- Address: street, city, postal code
- Education: school info and graduation date
You’ll also create a login and password while providing employment and income information to establish your credit limit.
During the application, you might need to submit extra documents like proof of residency and enrollment.
If you have any queries, BMO’s customer support is ready to help you out.
In summary, the application process is simple and you can expect a quick response after your submission is evaluated.
BMO Cashback Mastercard for Students
This Mastercard comes with Zero Liability Protection, meaning you’re not liable for unauthorized transactions. You’ll also receive alerts from BMO for any card purchases.
With BMO, enjoy up to 20% off rentals at Car Rental and Alamo, plus a 20% discount on Cirque du Soleil tickets.
Add a free additional cardholder and save up to 7% on bookings via Booking.com.
The BMO PaySmart option allows you to split larger purchases into smaller, interest-free payments with lowered fees.
Interested in exploring another option?
BMO is a well-rounded bank offering a variety of products beyond just student accounts. If your credit situation has improved, take a look at the exceptional BMO World Elite Cashback Mastercard.
This card boasts impressive perks, including 5% cashback on groceries, a 10% promotional cashback offer, and special deals on Booking.com. Discover how to apply.
