Enjoy up to $100 in cash back footnote 1
Get a $20 cash back bonus every month when you spend $200 each month, for the first 5 months after upgrading.
Great news – you're eligible for an upgrade to earn cash back!
You've been selected to upgrade your BMO Boost Secured Credit Card to the BMO Cash Back Credit Card so you can start turning your spending into cash back.
Fast & seamless – no application or credit check needed. Simply call us to upgrade to the BMO Cash Back Credit Card.
Get cash back on the purchases you already make
When you upgrade to the BMO Cash Back Credit Card, you’ll earn cash back on your everyday purchases, all with no annual fee.
5% cash back
Earn 5% cash back on eligible streaming, cable TV and satellite services. footnote 1
3% cash back
Earn 3% cash back on eligible gas, EV charging and grocery purchases. footnote 1 footnote dagger
1% cash back
Earn unlimited 1% cash back on all other eligible purchases. footnote 1
Enjoy all the cash back with no annual fee.
footnote dagger detailsUp to $1,500 in gas, EV charging, and grocery purchases each calendar quarter and 1% on all purchases after that.
Maximize your cash back potential
See how much you can earn
Estimated annual cash back earned
Estimate your monthly spending
5% cash back on streaming, cable TV and satellite services footnote 1
Minimum $0Maximum $5,000
Between $0 and $5,000
3% cash back on gas and grocery purchases footnote 1 footnote dagger
Minimum $0Maximum $5,000
Between $0 and $5,000
1% cash back on all other eligible purchases footnote 1
Minimum $0Maximum $5,000
Between $0 and $5,000
footnote dagger detailsUp to $1,500 in gas, EV charging, and grocery purchases each calendar quarter and One percent on all purchases after that
Compare the differences
Explore what you’ll gain by upgrading to the BMO Cash Back Credit Card.
BMO Boost Secured Credit Card | BMO Cash Back Credit Card |
|---|---|
No cash back or rewards | 5%, 3%, and 1% cash back footnote 1 |
$25 annual fee | No annual fee |
No welcome offer | Get a $20 cash back bonus every month when you spend $200, for the first five months after upgrading. That’s up to $100 in bonus cash back. footnote 1 |
Savings account deposit required to secure your credit card account footnote star | No savings account deposit required |
Keep track of your credit score with CreditView footnote 2 | Keep track of your credit score with CreditView footnote 2 |
footnote star detailsYour BMO Boost Secured Credit Card required a security deposit that acts as collateral. When you make the upgrade, the hold on your deposit will be released.
Continue tracking your Boost with CreditView footnote 2
Learn more
Instant access to your full credit report - Learn how your financial choices affect your credit score before you make them with ScoreSimulator®
- Get credit building tips to help improve credit
Continue enjoying these built-in card benefits
Your card offers a wide range of benefits, from cellphone protection to reliable road side assistance.
Cell Phone Protection
Receive up to $400 in coverage when using your BMO Cash Back Credit Card to pay your monthly cell phone bill footnote 3
Extended warranty
We will double the original manufacturer’s (or U.S. store brand) warranty for up to an additional 12 months of coverage on most new items footnote 4
Enjoy the ride, worry-free
Learn more about RoadAssistWith Master RoadAssist® Roadside Service footnote 4, get help with jump-starts, tire changes, towing and even gas delivery, whenever you need it.
Additional features
Mastercard ID Theft Protection™ identity Monitoring footnote 5
Mastercard ID Theft Protection™ Resolution Services footnote 5
Mastercard Zero Liability footnote 6
- Mastercard Identity Check™ footnote 5
- Enjoy access to unique experiences across the globe with Priceless Cities®, exclusive for Mastercard cardholders.
- Pay with your smartphone using Apple Pay®, Google Pay™ and Samsung Pay™.
BMO PaySmart™ Installment Plans
Discover a new way to pay smarter. Break eligible Purchases into more manageable payments with a fixed monthly fee. footnote 7
FAQs
No application or credit check is needed. Just call us at 1-855-825-9237 and we’ll take care of your upgrade.
Yes, you will receive a new card with a new card number. Be sure to update any recurring payments, subscriptions, or autopay settings. You can keep using your current BMO Boost Secured Credit Card until you activate your new BMO Cash Back Credit Card—your transactions will transfer automatically to your new card.
Once you activate your new BMO Cash Back Credit Card, your BMO Boost Secured Credit Card account will be closed and the secured funds in your Secured Credit Card Savings account will be available for use within approximately 30 days of upgrading. We will notify you by mail when it’s completed.
No, your credit limit will stay the same. We regularly review accounts and may offer increases over time based on your credit performance.
Yes, you will need to update any recurring payments, subscriptions, or autopay settings using your new card number.
Can I be declined for the upgrade?
Yes - The Account must be in good standing at time of acceptance. Good standing means that your Account is not canceled, past due or otherwise in default under the terms of any agreements you have with us.
If I upgrade to the BMO Cash Back Credit Card, will my annual fee be refunded?
Yes—If you’ve already paid your annual fee, we’ll refund the unused portion—calculated from the date you paid it to the date you upgraded.
Can I opt out of the upgrade?
Yes, upgrading is optional. However, the BMO Cash Back Credit Card offers cash back rewards, no annual fee, and doesn’t require a security deposit —helping you make real financial progress.
What will happen to my Secured Credit Card Savings account?
After your Account transitions to the new BMO Cash Back Credit Card, the secured funds in your Secured Credit Card Savings account will be available for use within approximately 30 days of upgrading. A notice will be sent when the hold has been released. Contact your banker or visit your nearest branch to explore other BMO products that can help you continue to make real financial progress.
How can I use my BMO Cash Back Credit Card to earn the most cash back?
It’s easy! For every eligible dollar you charge to your BMO Cash Back Credit Card, you automatically earn cash back. Charges that are eligible for cash back include, but are not limited to, airline, restaurant, hotel, car rental, service station, mail and online orders and retail purchases. Payments, balance transfers, and cash advances are ineligible for cash back accrual. Learn more about how the BMO Flex Rewards Program works.
How do I redeem my cash back?
Ready to cash out? Cash back may be redeemed for statement credits that will be applied to the account that earned the cash back. Learn more about redeeming cash back for a statement credit or call the Redemption Center at 1-800-610-8987.
Have questions? That’s what we’re here for
Give us a call to upgrade
Ready for more rewards? Give us a call to upgrade your credit card.
- Footnote 1 details Participation in BMO Flex Rewards is subject to terms and conditions found in BMO Flex Rewards Program Rules, available at: www.bmo.com/bmoflexrewardscashback. The Account must be current and in good standing to accrue and redeem points or cash back, as applicable. While points and cash back don’t expire, if the Account is closed for any reason, the Account will no longer be able to accrue points. All accrued points not redeemed will be available for 90 days as long as the Account is closed in good standing. All cash back is redeemable in the form of a statement credit. The upgrade offer is based on total net purchases made for the first five months after the Account upgrade and will be awarded to qualifying Accounts within 4 business days after the conclusion of each calendar month for the 5-month period. The Account must be open and in good standing for the bonus to be awarded.
- Footnote 2 details CreditView and its features, Score Simulator and Credit Education, are provided by TransUnion® for educational purposes only. You should consult with your own financial team for more information about credit score.
- Footnote 3 details Coverage provided under a group insurance policy issued by New Hampshire Insurance Company, an AIG company. Policy provides secondary coverage only. Coverage for a stolen or damaged eligible cellular wireless telephone is subject to terms, conditions, exclusions, and limits of liability of this benefit. The maximum liability is $400 per claim for BMO Cash Back Credit Card, and $600 per covered card per 12-month period. Each claim is subject to a $50 deductible. Coverage is limited to two (2) claims per covered card per 12-month period. The monthly bill associated with the phone must be paid with the eligible card for coverage to be effective. Refer to the Mastercard Guide to Benefits for more information.
- Footnote 4 details Certain terms, conditions, and exclusions apply. Extended Warranty, Master RoadAssist and MasterRental™ are underwritten by New Hampshire Insurance Company, an AIG company. For complete coverage terms and conditions call 1-800-MASTERCARD (1-800-627-8372) for assistance. Refer to the Mastercard Guide to Benefits for more information.
- Footnote 5 details Refer to the Mastercard Guide to Benefits for more information.
- Footnote 6 details Pay only for purchases that you have authorized on your Mastercard card. Unauthorized purchases are not your responsibility. Conditions and exceptions apply. Learn more: https://www.mastercard.com/us/en/personal/protection-and-security/zero-liability-protection.html.
- Footnote 7 details BMO PaySmart installment plans allow cardholders to repay specific eligible purchases in equal monthly payments over a defined repayment schedule. When you create a PaySmart Plan, it will be subject to a fixed monthly fee of up to 1%. The exact fee will be based on the purchase amount and the duration of the plan, which will be disclosed when the plan is created. The monthly plan fee will remain the same until the PaySmart Plan is paid in full. Review the Terms and Conditions.
- Apple and Apple Pay® are trademarks of Apple Inc., registered in the U.S. and other countries.
- Google Play and the Google Pay are trademarks of Google LLC.
- Samsung and Samsung Pay are trademarks of Samsung Electronics Co., Ltd
- Mastercard, the Mastercard Brand Mark, Mastercard® ID Theft Protection®, Master RoadAssist®, MasterRental®, Mastercard Identity Check™, PRICELESS CITIES® and the circles design are trademarks of Mastercard International Incorporated.