Best Cash Back Credit Cards Canada

Find Canada's Best Credit Card With Rate Genie

WRITTEN BY
Priya Correia
Updated August 6, 2020

Best Cash Back Cards 2020

A cash back credit card is one of the simplest credit card rewards systems. It is a credit card that allows you to earn a small percentage of cash on the purchases you make on your card. Instead of a card that provides points that you can later redeem for cash, merchandise, or any other product or service that is available for redemption, a cash back card simply rewards you with cash. 

Unlike points, cash has no restrictions and can be used for any kind of purpose such as spending, saving, even or investing. Moreover, it is easy to see the value in cash back credit cards due to the simplicity of the cash back reward system. To understand the value you get from your cash back card, you simply have to look at the cash back percentage rate. With points, things are more complicated as travel, merchandise, airlines providers, etc. all affect the value of your points. For example, 100 points may equal $1 dollar in travel expenses, but the same 100 points may equal .5 cents in merchandise expenses. 

Which Cash Back Credit Card Should I Choose? 

There are many different cash back credit cards on the market, each of which comes with its own perks, earn rates, and bonuses. To see which card is the best match for you, you should consider the following factors in relation to your needs and spending habits. 

  • Annual Fee – It may seem counterproductive to pay money to get money, but it can prove valuable if it has a high cash back rate and beneficial perks like travel and purchase insurance. To help you justify the cost of the credit card, it’s best to check how much you’d have to spend to earn enough cash back to cover your annual fee. For example, with a cash back of 2%, you’d have to spend $5,000 in a year to cover an annual fee of $100. 
  • Welcome Offer – The credit card market is highly saturated and as a result, many credit card providers offer very generous welcome bonuses that can really tip the scales in your favour.
  • Point Categories – While the cash back earn rate is important, the category of the cash back earn rate is even more significant. For example, a credit card may have a 4% earn rate for all hotel bookings you make but only 1% for groceries. This may be a great offer for someone who travels a lot, but it’s not a very lucrative offer for someone who does not. 
  • Perks – More often than not, additional benefits like travel insurance, purchase insurance, discounts and more are included with the credit card. Depending on your needs, some may be more worthwhile than others.

Best Cash Back Credit Cards

  • TD Cashback Visa Infinite
  • Scotia Momentum Visa Infinite
  • Tangerine Money-Back Credit Card

TD Cashback Visa Infinite

TD Cashback Visa Infinite
Annual Fee$120
APR20.99%
Cash Advance Rate22.99%
Welcome Bonus10% cash back

With an annual fee of $120 and a welcome bonus valued at $200, this credit card pays for itself.  During the first 3 months after signing up, you can get a return of 10% in cash on any expense, with a cap of $2,000. This is equivalent to a $200 cash bonus when you spend $2,000 in 3 months. In addition, with this card, you can earn 1% or 3% in cash for every dollar you spend. You can earn 3% on eligible groceries and gas expenses as well as recurring bills. All other purchases will earn you 1%. 

Extra Features 

  • Insurance coverage – Provides classic travel protection such as medical insurance, car rental insurance, baggage insurance and emergency travel assistance
  • Annual fee – Your annual fee will be waived for the first year you sign-up.
  • Roadside assistance– Gain free membership and access to roadside assistance through TD’s Deluxe Auto Club.

Eligibility Requirements

  • You are a permanent Canadian resident
  • You have reached the age of majority in your province
  • You need a personal income of at least 60,000 or a household income of $100,000

Scotia Momentum Visa Infinite

Scotia Momentum Visa Infinite Card
Annual Fee$120
APR20.99%
Cash Advance Rate22.99%
Welcome Bonus10% cash back

Scotia Momentum Visa Infinite has one of the highest cash back earn rates with a 4% return on every dollar spent on groceries, expenses, subscriptions and even recurrent bills. Gas and daily transportation expenses like trains, buses, and metros will earn you 2% on the dollar. All other purchases will earn you 1%. Moreover, during the bonus period (first 3 months of signing-up), you’ll receive a return of 10% on any expense (capped at $2000). This is equivalent to a $200 cash bonus when you spend $2,000 in 3 months. You can redeem your cash back rewards as credit or have it deposited into your chequing or savings account. 

Extra Features 

  • Insurance coverage – Provides classic travel protection such as medical insurance, flight delays insurance, trip cancellation insurance, baggage insurance, mobile insurance and purchase protection.  
  • Annual fee – For the first year you sign-up, your annual fee will be waived. 

Eligibility Requirements

  • You have reached the age of majority in your province
  • You need a personal income of at least 60,000 or a household income of $100,000

Tangerine Money-Back Credit Card

Tangerine Money-Back Credit Card
Annual Fee$0
APR19.95%
Cash Advance Rate19.95%
Welcome Bonus1.95% balance transfer interest

Tangerine’s Money-Back credit card is well balanced and overall has the best cash back value. With no annual fee, a cash back earn rate of 2% on any 2 major spending categories, and 0.5% cash back on all other purchases, Tangerine provides great value and flexibility. Moreover, if you deposit your money into a Tangerine’s savings account, you can add a third spending category that can earn you 2% in cash. 

Extra Features

  • Purchase Assurance and extended warranty – Shop confidently with Tangerine’s Purchase Assurance which will cover any theft, loss or damage to your items within 90 days of the purchase date. 
  • Balance Transfer – Get a low-interest rate of 1.95% for 6 months if you transfer your balance within 30 days of owning the card. 

Eligibility Requirements

  • You must be a permanent resident of Canada and be the age of majority in your province 
  • You must have an annual income of at least $12,000
  • There should be no bankruptcies declared over the last 7 years 

Bottom Line

Cash back reward credit cards are very attractive due to their flexibility and simplicity. Rather than using point-based credit cards which typically limit you to travel and merchandise expenses, cash back gives you the freedom to use your money as you please. Moreover, when you redeem rewards with your points, the value of the point changes based on what you buy which can easily lead to a loss. On the other hand, cash back credit cards provide a simple value system where you know exactly what you’re getting.

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Sign Up Bonus Annual Fee Purchase APR Cash Advance Interest Rate Regular Balance Transfer Rate Recommended Credit Score
Sign Up Bonus Annual Fee Purchase APR Cash Advance Interest Rate Regular Balance Transfer Rate Recommended Credit Score
Shell CashBack MasterCard® from BMO logo

Shell CashBack MasterCard® from BMO

+1%
PLUS earn 1% cash back for the first 6 months
$0
19.99%
22.99%
22.99%
670-739
Apply
Shell CashBack MasterCard® from BMO logo

Shell CashBack MasterCard® from BMO

Apply for this card

Sign Up Bonus

+1%

Annual Fee

$0

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739
  • Get $50 CashBack Rewards!
  • PLUS earn 1% cash back for the first 6 months
  • 1.5% CashBack on every dollar you spend at Shell locations in Canada
  • 0.5% CashBack on every dollar you spend on purchases everywhere else MasterCard is accepted
  • No Annual Fee
BMO® CashBack® World Elite® MasterCard® logo

BMO® CashBack® World Elite® MasterCard®

10% + $120*
Get up to 10% cash back  in your first 3 months and the $120 annual fee waived in the first year
$120
Annual fee waived in the first year
19.99%
22.99%
22.99%
740-850
Apply
BMO® CashBack® World Elite® MasterCard® logo

BMO® CashBack® World Elite® MasterCard®

Apply for this card

Sign Up Bonus

10% + $120*

Annual Fee

$120

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
  • Earn 1.5% CashBack on ALL card purchases* - no caps, no category limits!
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey*.
  • Access over 1 million Wi-Fi hotspots around the world - all at no added cost, and no added fees or roaming charges*
  • Complimentary Roadside Assistance Program*
  • BMO CashBack World Elite Travel and Medical Protection*
  • Extended Warranty Plus*
  • Purchase Protection Plus*
  • BMO Concierge Service*
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
Scotia Momentum® MasterCard® logo

Scotia Momentum® MasterCard®

7.99%
7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
$0
19.99%
22.99%
22.99%
670-739
Apply
Scotia Momentum® MasterCard® logo

Scotia Momentum® MasterCard®

Apply for this card

Sign Up Bonus

7.99%

Annual Fee

$0

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739
  • 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.
Scotia Momentum® Visa® Infinite Card logo

Scotia Momentum® Visa® Infinite Card

$350*
Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350.
$99
No annual fee in the first year
19.99%
22.99%
22.99%
740-850
Apply
Scotia Momentum® Visa® Infinite Card logo

Scotia Momentum® Visa® Infinite Card

Apply for this card

Sign Up Bonus

$350*

Annual Fee

$99

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350.
  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • 1% cash back on all other eligible everyday purchases
  • Complimentary Concierge Services 24/7
  • Visa Infinite Dining Series
  • Visa Infinite Music Series
  • Wine Country Wonders
  • Luxury Hotel Privileges
  • Comprehensive Travel Insurance & New Mobile Device Insurance coverage
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.
Scotia Momentum® No-Fee Visa® Card logo

Scotia Momentum® No-Fee Visa® Card

7.99%
Introductory interest rate on purchases for the first 6 months
$0
19.99%
22.99%
22.99%
670-739
Apply
Scotia Momentum® No-Fee Visa® Card logo

Scotia Momentum® No-Fee Visa® Card

Apply for this card

Sign Up Bonus

7.99%

Annual Fee

$0

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739
  • 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.
Tangerine Money-Back Credit Card logo

Tangerine Money-Back Credit Card

0
$0
19.95%
19.95%
19.95%
740-850
Apply
Tangerine Money-Back Credit Card logo

Tangerine Money-Back Credit Card

Apply for this card

Sign Up Bonus

0

Annual Fee

$0

Snapshot of card details

Purchase APR
19.95%
Cash Advance Interest Rate
19.95%
Regular Balance Transfer Rate
19.95%
Recommended Credit Score
740-850

SPECIAL OFFER:

Earn 4% Money-Back Rewards on purchases in two Money-Back Categories of their choice, and 0.50% Money-Back Rewards on all other purchases. This Promotion is only available to new Tangerine Money-Back Credit Card Account holders who apply between April 22, 2019 and January 31, 2020, and activate their Credit Card no more than 45 calendar days from the date Tangerine approves the application. 4% Cash-back will be earned for a 92-day period beginning on the date the Tangerine Money-Back Credit Card is activated. At the end of the 92-day period, Cash-back will be 2% on the selected 2 categories. Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 4% Money-Back Category. Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.

REWARDS FEATURES:

  • Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
  • Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
  • No limit on the amount of Money-Back Rewards you can earn.
  • Change your 2% Money-Back Categories to suit your spending.
  • Orange Alerts are emailed to you so that you’re up-to-date on what's happening in your Account.

ADDITIONAL CARD BENEFITS:

  • Free Cards for Authorized Users on your Account
  • Purchase Assurance and Extended Warranty – For most new purchases made anywhere in the world using your Tangerine Money-Back Credit Card, you may receive a lifetime maximum of up to $60,000 for the following insurance coverage:
    • Purchase Assurance, which may automatically cover loss, theft or damage, in excess of other insurance, for 90 days from the date of purchase; and
    • Extended Warranty, which may double the period of repair services, to a maximum of one additional year, when the original manufacturer’s warranty expires.
Shell CashBack World MasterCard® from BMO logo

Shell CashBack World MasterCard® from BMO

0
$79
19.99%
22.99%
22.99%
740-850
Apply
Shell CashBack World MasterCard® from BMO logo

Shell CashBack World MasterCard® from BMO

Apply for this card

Sign Up Bonus

0

Annual Fee

$79

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850
  • 3% CashBack on every dollar you spend at Shell locations in Canada
  • 1.25% CashBack on every dollar you spend on purchases everywhere else MasterCard is accepted
  • FREE Roadside Assistance ($69/year value)
BMO® CashBack® MasterCard® logo

BMO® CashBack® MasterCard®

5%
Get 5% cash back in your first 3 months
$0
19.99%
22.99%
22.99%
670-739
Apply
BMO® CashBack® MasterCard® logo

BMO® CashBack® MasterCard®

Apply for this card

Annual Fee

$0

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739
  • Welcome offer: Get 5% cash back in your first 3 months
  • 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!
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred
  • No Annual fee
  • Want to get your cash back ASAP? Now you can redeem your cash back anytime through direct deposit, as a credit on your statement or into your BMO InvestorLine account
  • Extended Warranty
  • Purchase Protection
  • Receive a discount on car rentals
BMO® AIR MILES® MasterCard® logo

BMO® AIR MILES® MasterCard®

800
400 miles after first purchase & 400 miles after $1,000 spend in the first 3 months
$0
19.99%
22.99%
22.99%
670-739
Apply
BMO® AIR MILES® MasterCard® logo

BMO® AIR MILES® MasterCard®

Apply for this card

Sign Up Bonus

800

Annual Fee

$0

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739
  • Welcome offer: Get 800 AIR MILES Bonus Miles
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months*, 1% fee applies to balance amounts transferred
  • Get 2x the Miles for every $20 spent at participating AIR MILES Partners
  • Get 1 Mile for every $20 spent everywhere else
  • Use your BMO AIR MILES Mastercard and AIR MILES Collector Card at an AIR MILES Partner to earn Reward Miles from both
  • Get AIR MILES back every time you spend, plus start building a healthy credit history
  • Best BMO CashBack Mastercard for Students
  • No annual fee
  • Receive a discount on car rentals
  • Extended Warranty
  • Purchase Protection
Shell CashBack MasterCard® from BMO logo

Shell CashBack MasterCard® from BMO

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739

+1%

Sign Up Bonus PLUS earn 1% cash back for the first 6 months
  • Get $50 CashBack Rewards!
  • PLUS earn 1% cash back for the first 6 months
  • 1.5% CashBack on every dollar you spend at Shell locations in Canada
  • 0.5% CashBack on every dollar you spend on purchases everywhere else MasterCard is accepted
  • No Annual Fee
BMO® CashBack® World Elite® MasterCard® logo

BMO® CashBack® World Elite® MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

10% + $120*

Sign Up Bonus Get up to 10% cash back  in your first 3 months and the $120 annual fee waived in the first year
  • Get up to 10% cash back in your first 3 months and the $120 annual fee waived in the first year*
  • Earn 1.5% CashBack on ALL card purchases* - no caps, no category limits!
  • Get valuable benefits and offers for digital everyday services from a variety of on-demand apps and subscription services
  • Complimentary membership in Mastercard Airport Experiences provided by LoungeKey*.
  • Access over 1 million Wi-Fi hotspots around the world - all at no added cost, and no added fees or roaming charges*
  • Complimentary Roadside Assistance Program*
  • BMO CashBack World Elite Travel and Medical Protection*
  • Extended Warranty Plus*
  • Purchase Protection Plus*
  • BMO Concierge Service*
  • Unlock Mastercard Travel Rewards cashback offers when you travel and shop outside of Canada
Scotia Momentum® MasterCard® logo

Scotia Momentum® MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739

7.99%

Sign Up Bonus 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
  • 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.
Scotia Momentum® Visa® Infinite Card logo

Scotia Momentum® Visa® Infinite Card

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

$350*

Sign Up Bonus Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350.
  • Earn 10% cash back on all purchases for the first 3 months (up to $2,000 in total purchases). Plus, no annual fee in the first year, including on supplementary cards. A welcome offer value of $350.
  • 4% on eligible recurring bill payments and grocery store purchases
  • 2% on eligible gas station and daily transit purchases
  • 1% cash back on all other eligible everyday purchases
  • Complimentary Concierge Services 24/7
  • Visa Infinite Dining Series
  • Visa Infinite Music Series
  • Wine Country Wonders
  • Luxury Hotel Privileges
  • Comprehensive Travel Insurance & New Mobile Device Insurance coverage
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.
Scotia Momentum® No-Fee Visa® Card logo

Scotia Momentum® No-Fee Visa® Card

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739

7.99%

Sign Up Bonus Introductory interest rate on purchases for the first 6 months
  • 7.99% introductory interest rate on purchases for the first 6 months (19.99% after that)
  • Cash back on everyday spending with no annual fee
  • 1% cash back on eligible gas station, grocery store and drug store purchases and recurring bill payments
  • 0.5% cash back on all other eligible everyday purchases
  • Rates, fees and other information are effective as of Sep 1, 2020. Subject to change.
Tangerine Money-Back Credit Card logo

Tangerine Money-Back Credit Card

Snapshot of card details

Purchase APR
19.95%
Cash Advance Interest Rate
19.95%
Regular Balance Transfer Rate
19.95%
Recommended Credit Score
740-850

0

Sign Up Bonus

SPECIAL OFFER:

Earn 4% Money-Back Rewards on purchases in two Money-Back Categories of their choice, and 0.50% Money-Back Rewards on all other purchases. This Promotion is only available to new Tangerine Money-Back Credit Card Account holders who apply between April 22, 2019 and January 31, 2020, and activate their Credit Card no more than 45 calendar days from the date Tangerine approves the application. 4% Cash-back will be earned for a 92-day period beginning on the date the Tangerine Money-Back Credit Card is activated. At the end of the 92-day period, Cash-back will be 2% on the selected 2 categories. Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 4% Money-Back Category. Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.

REWARDS FEATURES:

  • Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.
  • Have your Money-Back Rewards deposited into a Tangerine Savings Account, and get a 3rd 2% Money-Back Category.
  • Money-Back Rewards are earned automatically and paid monthly, and can either be applied towards your Credit Card balance or redeemed into your Savings Account.
  • No limit on the amount of Money-Back Rewards you can earn.
  • Change your 2% Money-Back Categories to suit your spending.
  • Orange Alerts are emailed to you so that you’re up-to-date on what's happening in your Account.

ADDITIONAL CARD BENEFITS:

  • Free Cards for Authorized Users on your Account
  • Purchase Assurance and Extended Warranty – For most new purchases made anywhere in the world using your Tangerine Money-Back Credit Card, you may receive a lifetime maximum of up to $60,000 for the following insurance coverage:
    • Purchase Assurance, which may automatically cover loss, theft or damage, in excess of other insurance, for 90 days from the date of purchase; and
    • Extended Warranty, which may double the period of repair services, to a maximum of one additional year, when the original manufacturer’s warranty expires.
Shell CashBack World MasterCard® from BMO logo

Shell CashBack World MasterCard® from BMO

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
740-850

0

Sign Up Bonus
  • 3% CashBack on every dollar you spend at Shell locations in Canada
  • 1.25% CashBack on every dollar you spend on purchases everywhere else MasterCard is accepted
  • FREE Roadside Assistance ($69/year value)
BMO® CashBack® MasterCard® logo

BMO® CashBack® MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739

5%

Sign Up Bonus Get 5% cash back in your first 3 months
  • Welcome offer: Get 5% cash back in your first 3 months
  • 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!
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred
  • No Annual fee
  • Want to get your cash back ASAP? Now you can redeem your cash back anytime through direct deposit, as a credit on your statement or into your BMO InvestorLine account
  • Extended Warranty
  • Purchase Protection
  • Receive a discount on car rentals
BMO® AIR MILES® MasterCard® logo

BMO® AIR MILES® MasterCard®

Snapshot of card details

Purchase APR
19.99%
Cash Advance Interest Rate
22.99%
Regular Balance Transfer Rate
22.99%
Recommended Credit Score
670-739

800

Sign Up Bonus 400 miles after first purchase & 400 miles after $1,000 spend in the first 3 months
  • Welcome offer: Get 800 AIR MILES Bonus Miles
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months*, 1% fee applies to balance amounts transferred
  • Get 2x the Miles for every $20 spent at participating AIR MILES Partners
  • Get 1 Mile for every $20 spent everywhere else
  • Use your BMO AIR MILES Mastercard and AIR MILES Collector Card at an AIR MILES Partner to earn Reward Miles from both
  • Get AIR MILES back every time you spend, plus start building a healthy credit history
  • Best BMO CashBack Mastercard for Students
  • No annual fee
  • Receive a discount on car rentals
  • Extended Warranty
  • Purchase Protection