BMO Cashback Mastercard for Students: A Card Packed with Perks for Beginning Your Credit Journey!

The BMO Cashback Mastercard for Students provides an introductory bonus of up to 5% cashback during the initial 3 months with the card.

This fee-free card is tailored for students beginning their financial journey and has garnered numerous accolades from various Canadian organizations—check out how to apply.

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BMO ranks among Canada’s leading financial institutions, offering a plethora of services to meet diverse customer requirements.

This ensures a variety of options tailored for different life stages, especially beneficial for students with limited income potential.

The BMO Cashback Mastercard for Students is a well-regarded card, recognized as the best student credit card by creditcardGenius, ratesdotca, and Milesopedia.

This card provides cashback rewards, including 3% back on grocery store purchases, regardless of the items bought. You earn 1% cashback on recurring payments.

Moreover, you can receive 0.5% cashback on all other purchases, with multiple options to redeem your rewards.

Typically, student credit cards start with lower limits, usually between $500 and $1,000, but BMO may offer higher amounts.

Yes, the card provides a 5% cashback reward during the first three months of use.

The BMO credit card offers a 5% cashback for the initial three months. There are no annual fees, with an interest rate of 20.99% for purchases and 22.99% for cash advances.

The eligibility criteria for the student credit card are more lenient compared to standard cards.

Yes, you can complete the entire application process for the BMO card online, as is typical with the bank.

Your cashback can be redeemed by having it either deposited into a BMO account or credited to your statement, allowing you to choose between a one-time payment or a fixed recurring amount.

BMO provides a cashback calculator that helps you estimate your potential earnings as you begin using the credit card for everyday purchases in Canada.

This card features a variety of functionalities and security measures, including the convenience of locking and unlocking your card via the app.

BMO also provides financial insights to help you track your credit score, offering free 24/7 access and updates through CreditView to see how your actions influence your score.

Moreover, this card features zero liability protection for unauthorized transactions, ensuring you receive alerts for completed payments.

Mastercard stands as one of the most prominent brands worldwide, accepted nearly everywhere you go.