No Annual Fee Credit Cards

BMO CashBack® Mastercard®*
Welcome Offer: Get 5% cash back in your first 3 months.1
Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred.12
Then get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!2a,2b,2c,2d
Save up to 25% off rentals at participating National Car Rental®#† and Alamo Rent A Car®#† locations.3

BMO AIR MILES®† Mastercard®*
Welcome offer: Get 800 AIR MILES Bonus Miles!5 That’s enough for $80 towards purchases with AIR MILES Cash.6
Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred.7
Get 3x the Miles for every $25 spent at participating AIR MILES Cash Reward Partners.9
Get 1 Mile for every $25 spent everywhere else.8
Double Dip at AIR MILES sponsored locations.10
Rewards Calculator
How much do you spend on your credit card each month?

BMO CashBack® Mastercard®*
Rewards summary
First Year Welcome Bonus
cash backTotal Cash Back Earned
1st Year- Use of the Rewards calculator is for illustrative purposes only. The calculation reflects 20% of monthly spend on eligible grocery, 10% on eligible recur bill payments, and 70% of the spend on all other card purchases. Values displayed as May 1st, 2020.

BMO AIR MILES®† Mastercard®*
Rewards summary
Welcome Bonus
AIR MILES Reward MilesTotal Reward Miles earned
1st YearUse of the AIR MILES calculator is for illustrative purposes only.
Based on the calculation that 20% of spend per month are purchases made at participating AIR MILES Cash Reward Partners. Values displayed as of December 17, 2020.
Enjoy more credit card benefits and earn extra rewards
Receive a discount on car rentals3
When you use your card to rent a car at participating National Car Rental and Alamo Rent A Car locations, you'll receive up to 25% discount.
FREE additional cards
You don't pay additional fees when you add cardholders to your account.
Extended Warranty11
Save the cost of buying optional extended warranty insurance on your next purchase by paying with your BMO credit card. This coverage doubles the original manufacturer's warranty period up to a maximum of one additional year.
5x the Miles on Groceries13
(BMO AIR MILES Mastercard only)
Get topped-up to 5x the AIR MILES Reward Miles on groceries until May 31, 2021. Use any BMO AIR MILES credit card with your AIR MILES Card when you shop at Sobeys, Safeway, Foodland & Participating Co-op’s, Urban Fresh, Thrifty Foods, IGA, Les Marchés Traditions and Rachelle Béry.13Purchase Protection11
Get added protection – items bought with your card are automatically insured against theft or damage for 90 days from date of purchase.
Terms & Conditions
- BMO CashBack Mastercard applications must be received between May 1, 2020 and October 31, 2021 to receive the 5% welcome bonus cash back offer. You will earn cash back for every dollar spent (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) as follows: Grocery purchases: Receive 3% cash back in eligible grocery purchases (classified by Mastercard’s “Merchant Category Code” as “grocery stores and supermarkets” MCC 5411) up to a maximum of $500 per billing cycle and an additional 2% bonus cash back for the first three (3) billing cycles up to a maximum of $500 spent. Recurring Bill Payments: Receive 1% cash back in eligible recurring bill payments (defined as payments made on a monthly or other regular basis, and which are automatically billed by the merchant to your BMO CashBack Mastercard) up to a maximum of $500 per billing cycle and an additional 4% bonus cash back for the first three (3) billing cycles up to a maximum of $500 spent. All other purchases: Receive 0.5% cash back in purchases (non-grocery and non-recurring bill payments) and an additional 4.5% bonus cash back for the first three (3) billing cycles up to a maximum of $1,500 spent. The 5% bonus cash back offer is limited to new BMO CashBack Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, product transfer, or who open a new account. Limit of one bonus offer per account. If you cancel your card within ninety (90) days from the date your account is opened, all CashBack Rewards earned within that period will be cancelled. This offer may be withdrawn or changed without notice.
- a) Offer is cumulative over the statement period. Award of CashBack rewards is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, payments, credit or debit adjustments) and is subject to the CashBack Rewards Terms and Conditions and the BMO Mastercard Cardholder Agreement. The number of CashBack rewards will be rounded down to the nearest cent.
b) Earn 3% cash back in Grocery Store purchases up to a maximum of $500 per statement cycle period. The 3% cash back includes the base earn rate of 0.5% cash back for card purchases (“Base Rewards”) and the bonus of 2.5% cash back for Grocery Store Purchases (“Bonus Rewards”). To earn Bonus Rewards, your Grocery Store Purchase must be made at merchants classified by Mastercard’s “Merchant Category Code” as “grocery stores and supermarkets” (MCC 5411). BMO (“Bank of Montreal”) cannot guarantee that any merchant, operating in whole or in part as a grocery store, is classified by MCC 5411 and in no event will BMO be liable or responsible for any claims with respect to a grocery store purchase made at a merchant that is not classified by MCC 5411. To consult the list of participating merchants, please call the number on the back of your card.
c) Earn 1% cash back on Recurring Bill Payments up to a maximum of $500 per statement cycle period. The 1% cash back includes the base earn rate of 0.5% cash back for card purchases (“Base Rewards”) and the bonus of 0.5% cash back for Recurring Bill Payments (“Bonus Rewards”). Recurring bill payments are defined as payments made on a monthly or other regular basis, and which are automatically billed by the merchant to your BMO CashBack Mastercard. Not all merchants offer recurring payments, and not all ongoing payments will be considered “recurring bill payments” and therefore may not earn Bonus Rewards. Please check with your merchant to see if your recurring payment qualifies.
d) Receive 0.5% unlimited cash back on non-grocery and non-recurring bill payment purchases, and on grocery purchases and recurring bill payment purchases that exceed the $500 maximum spend per statement period. - The contract ID number (3717122 for National Car Rental and 7014883 for Alamo Rent A Car) must be included when making a car rental reservation to receive discounts. Discount applies to base rate only at participating National Car Rental and Alamo Rent A Car locations. Discount varies by rental date, location and vehicle type. Taxes, other governmentally-authorized or imposed surcharges (including GST), license and concession recoupment fees, airport and airport facility fees, fuel, additional driver fee, one-way rental charge and optional items (such as LDW up to US $30 per day) are extra. Renter must meet standard age, driver and credit requirements. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. Subject to change without notice.
- Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include Balance Transfers, cash-like transactions and Mastercard cheques. Visit your branch; call the Customer Contact Centre at 1-800-263-2263, or visit bmo.com/creditcards for current rates and fees.
- BMO AIR MILES Mastercard applications must be received between December 17, 2020 and October 31, 2021 (the “Offer Period”). 800 AIR MILES Bonus Miles offer is limited to new accounts. Existing BMO AIR MILES Mastercard customers who cancel their card during the Offer Period, and existing BMO Mastercard customers who transfer into this product during the Offer Period are not eligible. 800 Bonus Miles will be awarded when you spend $1,000 in net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) in the first three (3) months from the Credit Card open date. The 800 Bonus Miles will be credited to the primary Credit Cardholder’s Collector Account within ninety (90) business days following the qualifying $1,000 spend. All Bonus Miles will be credited in accordance with the set balance preference (between AIR MILES Cash and AIR MILES Dream balances) at the time of posting. The AIR MILES Bonus Miles Offer is subject to the AIR MILES Reward Program Terms and Conditions. Limit of one Bonus offer per Collector Account. If you cancel your card within ninety (90) days of opening your account, the Bonus reward miles will be cancelled. This offer may be changed, extended or withdrawn at any time without notice. Use the Cash Miles in your AIR MILES Cash Account in-store in increments of 95 Cash Miles for every $10 towards your purchases at participating AIR MILES Partner locations (gift cards and near-cash products are excluded and other exclusions may also apply) and online at airmiles.ca/cash in increments of 95 Cash Miles for every $10 worth of value from participating Reward Partners. Standard daily Cash Miles usage limits and Terms and Conditions apply. All Rewards offered are subject to the Terms and Conditions of the AIR MILES Reward Program, are subject to change and may be withdrawn without notice. For complete details, visit airmiles.ca.
- Use the Cash Miles in your AIR MILES Cash Account in-store in increments of 95 Cash Miles for every $10 towards your purchases at participating AIR MILES Partner locations (gift cards and near-cash products are excluded and other exclusions may also apply) and online at airmiles.ca/cash in increments of 95 Cash Miles for every $10 worth of value from participating Reward Partners. Standard daily Cash Miles usage limits and Terms and Conditions apply. All Rewards offered are subject to the Terms and Conditions of the AIR MILES Reward Program, are subject to change and may be withdrawn without notice. For complete details, visit airmiles.ca.
- a) Subject to these Terms and Conditions, each balance transfer amount is eligible for a promotional interest rate of 1.99% provided that each balance transfer is posted to your BMO AIR MILES Mastercard account (the “Account”) in the first 9 (nine) statement periods from the Account open date (“Promotional Period”) , and your Account remains in good standing. Offer is available to new customers only upon Account approval for applications submitted on or after January 15, 2018. Balances from other BMO credit card accounts are not eligible to be transferred. The promotional rate will no longer apply to your Account if you transfer into a card other than the BMO AIR MILES Mastercard. Balance transfers apply to Canadian dollar amounts only.
b) Balance transfers do not qualify to earn loyalty rewards such as AIR MILES Reward Miles. Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account until the last day of the Promotional Period. After the Promotional Period expires, any remaining balance transfer amounts will be charged interest at the standard annual interest rate for cash advances. The promotional interest rate of 1.99% does not apply to purchases, fees, cash advances and other charges posted to your Account during the Promotional Period. Standard interest rates will continue to apply to those transactions. Please refer to your monthly statement for the interest rate applicable to your Account.
c) Each balance transfer is subject to a fee of 1% which will be charged to your account on the date the balance transfer is posted to your Account. For example, if an amount of $1,000 is transferred to your Account, you will be charged a fee of $10. You may request a balance transfer for as low as $100, as long as the transfer amount plus the fee, does not exceed the unused portion of the credit limit on your Account.
d) If your Account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will be allocated proportionately to those balances according to the terms set out in section 14 of the BMO Mastercard Cardholder Agreement. For example, if you have an $800 purchases balance at the standard interest rate and a $200 balance transfer balance at a promotional interest rate, 80 per cent of your payment will be allocated to your purchases balance and 20 percent will be allocated to your balance transfer balance. This offer may be withdrawn or changed without notice.
e) You will pay interest on purchases unless you pay your full Account balance by the payment due date. For example, if you complete a balance transfer for $5,000 and spend $2,000 in purchases during the same statement period, you must pay the entire balance of $7,000 before the payment due date to avoid paying interest on your purchases. You will be charged interest if you only pay the amount owing for your purchases. There is no interest-free grace period for cash advances or balance transfers.
f) To transfer balances from non-BMO credit card accounts, register for Online Banking or log in at bmo.com and do the following; select your Mastercard account, then select Set up Balance Transfer or Pre-authorized payment, then select Credit Card Balance Transfer and follow the instructions to complete the transfer. - Offer is cumulative over the statement period. Award of AIR MILES Reward Miles is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) and is subject to the AIR MILES Terms and Conditions and the BMO Mastercard Cardholder Agreement. The number of Miles will be rounded down to the nearest whole number. Fractions of Miles will not be awarded.
- BMO AIR MILES Mastercard cardholders will earn 3 AIR MILES Reward Miles for every $25 in purchases at participating AIR MILES Partners. Participating AIR MILES Partners may be added or removed at any time without notice, visit airmiles.ca/3xMiles for Partner details. Miles will be calculated on the total eligible cumulative purchases made at all participating AIR MILES Partners and credited to your account within 90 days after the end of the applicable statement period. The number of Miles earned will be rounded down to the nearest whole number. Fractions of Miles will not be awarded. Eligible purchases are purchases charged to your credit card account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees and credit or debit adjustments). The “3x the Miles” benefit is available on eligible purchases and may be withdrawn or changed at any time without notice. The “3x the Miles” benefit is applicable to the following BMO Credit Card products with no annual fee: BMO AIR MILES Mastercard, BMO IGA AIR MILES Mastercard, BMO Sobeys AIR MILES Mastercard, BMO Shell AIR MILES Mastercard, BMO Affinity AIR MILES Mastercard cards & Student BMO AIR MILES Mastercard. This benefit does not apply to any BMO AIR MILES Mastercard not named in the above list.
- Earn Miles twice when you use your BMO AIR MILES Mastercard and show your AIR MILES Card at AIR MILES Partners. The amount of Miles you earn depends on the earn rate offered by the AIR MILES Partner and the earn rate offered on your BMO AIR MILES credit card.
- Purchase Protection and Extended Warranty Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch)
- a) Subject to these Terms and Conditions, each balance transfer amount is eligible for a promotional interest rate of 1.99% provided that each balance transfer is posted to your BMO CashBack Mastercard account or BMO Rewards Mastercard account (the "Account") in the first 9 (nine) statement periods from the Account open date (“Promotional Period”) , and your Account remains in good standing. Offer is available to new customers only upon Account approval for applications submitted on or after August 8, 2018. Balances from other BMO credit card accounts are not eligible to be transferred. The promotional rate will no longer apply to your Account if you transfer into a card other than the BMO CashBack Mastercard or BMO Rewards Mastercard. Balance transfers apply to Canadian dollar amounts only.
b) Balance transfers do not qualify to earn loyalty rewards such as CashBack Rewards or BMO Rewards Points. Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account until the last day of the Promotional Period. After the Promotional Period expires, any remaining balance transfer amounts will be charged interest at the standard annual interest rate for cash advances. The promotional interest rate of 1.99% does not apply to purchases, fees, cash advances and other charges posted to your Account during the Promotional Period. Standard interest rates will continue to apply to those transactions. Please refer to your monthly statement for the interest rate applicable to your Account.
c) Each balance transfer is subject to a fee of 1% which will be charged to your account on the date the balance transfer is posted to your Account. For example, if an amount of $1,000 is transferred to your Account, you will be charged a fee of $10. You may request a balance transfer for as low as $100, as long as the transfer amount plus the fee, does not exceed the unused portion of the credit limit on your Account.
d) If your Account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will be allocated proportionately to those balances according to the terms set out in section 14 of the BMO Mastercard Cardholder Agreement. For example, if you have an $800 purchases balance at the standard interest rate and a $200 balance transfer balance at a promotional interest rate, 80 per cent of your payment will be allocated to your purchases balance and 20 percent will be allocated to your balance transfer balance. This offer may be withdrawn or changed without notice.
e) You will pay interest on purchases unless you pay your full Account balance by the payment due date. For example, if you complete a balance transfer for $5,000 and spend $2,000 in purchases during the same statement period, you must pay the entire balance of $7,000 before the payment due date to avoid paying interest on your purchases. You will be charged interest if you only pay the amount owing for your purchases. There is no interest-free grace period for cash advances or balance transfers.
f) To transfer balances from non-BMO credit card accounts, register for Online Banking or log in at bmo.com and do the following; select your Mastercard account, then select Set up Balance Transfer or Pre-authorized payment, then select Credit Card Balance Transfer and follow the instructions to complete the transfer. - Offer valid for transactions made between February 4, 2021 through May 31, 2021 (“Offer Period”) when you use your valid BMO AIR MILES credit card to make an Eligible Purchase at participating Sobeys Inc. banners including: Sobeys, Safeway, Foodland, Foodland & Participating Co-op’s, Urban Fresh, Thrifty Foods, IGA, Les Marchés Traditions and Rachelle Béry. You must also present your AIR MILES Card at the time of transaction. The AIR MILES Card presented, and the AIR MILES Collector Number associated with the BMO AIR MILES credit card must be the same Collector Number.
- This 5X top up offer (“Top Up Offer”) applies to the base AIR MILES Reward Miles (“Miles”) collected from the participating Sobeys Inc. banners during the Offer Period.
- Base Miles are awarded by participating Sobeys Inc. banners, at a rate of 1 Mile for every $20 spent in a week (Sunday to Saturday) on eligible products (which exclude taxes, tobacco products, gift cards or cards that can be used for cash-like or quasi-cash transactions, bottle deposits, fluid dairy products, pharmacy, lottery, alcoholic beverages and any other non-discountable items) (“Eligible Purchase”).
- The Top Up Offer will be calculated based on the total Eligible Purchase transactions that earn base Miles from participating Sobeys Inc. banners during the Offer Period. The total Miles awarded in connection with the Top Up Offer will be a combination of base Miles awarded by Sobeys, base Miles awarded by BMO, including any accelerator Miles as applicable, and Top Up Offer Miles that in sum will equal 5X the base Miles awarded by Sobeys.
- As an illustrative example of how you’ll earn the total of 5X the Sobeys Inc. base Miles as part of this Top Up Offer: A customer spends $100 in Eligible Purchases at a Sobeys Inc. banner and pays using a BMO AIR MILES Mastercard with no annual fee. The customer gets 5 base Miles awarded by Sobeys Inc. (based on earn rate of 1 Mile per $20 spent at Sobeys Inc. banners in a week). By paying for this transaction with a BMO AIR MILES Mastercard with no annual fee, in addition to the 5 base Sobeys Miles for this transaction, the customer gets 12 Miles awarded by BMO (based on an earn rate of 3 Miles for every $25 spent at participating AIR MILES Partners in a statement cycle period) and 8 Top Up Offer Miles awarded by BMO, bringing the total Miles collected to 25 AIR MILES Reward Miles, which is the equivalent of 5X the 5 base Miles awarded by the participating Sobeys Inc. banner.
- Base Miles awarded by BMO are earned in connection with purchases on your BMO AIR MILES Mastercard will be calculated for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) and awarded once per Statement period and are not awarded if your account is closed or not in good standing. No cash surrender value. The number of Miles will be rounded down to the nearest whole number. Fractions of Miles will not be awarded.
- AIR MILES Reward Miles earned in connection with this Top Up Offer will appear in your AIR MILES Collector Account, under a combination of base Miles awarded by Sobeys, base Miles awarded by BMO, including any accelerator offer Miles as applicable, and Top Up Offer Miles. The Top Up Offer Miles may post earlier than the base Miles awarded by BMO.
- BMO AIR MILES World Mastercard and BMO AIR MILES Small Business credit cards are subject to a monthly cap as provided in the corresponding terms and conditions and will be ineligible to earn Miles for this Top Up Offer once their monthly cap has been reached.
- BMO AIR MILES Commercial Mastercard credit cards are excluded from this Top Up Offer.
- Top Up Offer is subject to the Terms and Conditions of your BMO Mastercard Cardholder Agreement and the AIR MILES Reward Program, is subject to change and may be withdrawn without notice.
® BMO is a registered trademark of Bank of Montreal.
®† "Sobeys" are trademarks of Sobeys Capital Incorporated. Used with permission by Bank of Montreal.
®†/™† Trademarks of AM Royalties Limited Partnership used under license by, LoyaltyOne, Co., Bank of Montreal and Sobeys Capital Incorporated
®* Trademarks of Mastercard International Incorporated. Used under license by Bank of Montreal.