| Flytrippers opinion: The cash back card with the highest earn rate (5%) and a big bonus. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
Flytrippers Valuation of Welcome bonus (net value) |
ends October 31st via BMO secure application link |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
$ 960ⓘ Rewards: $960 Card fee: $0 $139 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Card eligibility
min. income: $80k OR $150k (household) Welcome bonus eligibility must not have had this specific card ever before |
Cash back (more simple)
Bonus: $480 Earn on min. spend: $480 (total: $960) • $960 as simple cash back |
How to unlock bonus
spend $2,000/mo. for 12 months Interest rates: Purchases: 21.99% Cash advances: 23.99% (QC: 21.99%) Balance transfers: 23.99% (QC: 21.99%) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Terms and conditions apply. Flytrippers editorial opinion only. BMO is not responsible for maintaining the content on this site. Please click "Apply Now" to see most up-to-date information. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Offer structure (12 separate bonuses)
$480 Total with the 12 parts of the bonus
Total rewards by unlocking the welcome bonus
$960 in cash back Welcome bonus + Earn on the minimum spending requirement to unlock it
Net value
$960 Total net value by unlocking the welcome bonus alone
‣ Details about our Flytrippers Valuation of welcome bonuses
━
Effective return rate
4.0% Return on the minimum spending requirement of $24,000 in 12 months
‣ Details about effective return rates (coming soon)
━
Rewards acquisition summary
$960 Rewards you get for $0 in fees paid
Value of redemption options (welcome bonus)
For each available redemption option, here is the value of the $960 in BMO cash back you get by unlocking the welcome bonus:
‣ Details about using BMO cash back (coming soon)
Redemptions for cash back
The more simple type of rewards redemption, with a fixed value. It is worth less but gives you more flexibility. BMO cash back is really as simple as rewards can be, as you can use it to simply erase any charge on your card.
Redeem your $960 in BMO cash back for:
‣ Details about using BMO cash back (coming soon)
Roadside assistance benefit
Receive basic coverage provided by Dominion Automobile Association (DAA), including battery boosts, flat-tire change, lockout service, and towing.*
‣ Details about the BMO roadside assistance benefit (coming soon)
━
Balance transfer promotion (limited time)
Get a welcome interest rate of 0% on balance transfers for 12 months, with a 2% transfer fee (only recommended for those who currently have unpaid balances on other cards).*
‣More details on balance transfer promotions (coming soon)
━
Monthly Instacart credit (and 6 months of Instacart+)
You get a $10 monthly Instacart credit and 6 months of the Instacart+ premium plan by enrolling your card.*
‣ Details about the BMO Instacart benefit (coming soon)
━
Discount on rental cars
Get a variable discount by using a special promo code (CID) at select National Car Rental (3717122) and Alamo Rent A Car (7014883) locations.*
‣More details on the BMO rental car benefit (coming soon)
Insurance included
‣ Details about the insurance coverage included with the card (coming soon)
━
Insurance not included (among the main types)
‣ Details about the different types of insurance coverage (coming soon)
Earn rates
5% cash back per $:
4% cash back per $:
3% cash back per $:
2% cash back per $:
1% cash back per $:
‣ Details about credit card earn rates (coming soon)
Pooling (with additional cards)
You can pool BMO cash back with additional cards (“joint” cards) added to this account. Additional cards have a fee of $50.
‣ Details about pooling rewards with additional cards (coming soon)
━
Pooling (with separate cards that earn BMO cash back)
You cannot pool cash back across your separate cards that earn BMO cash back. But the rewards are so easy to redeem that you don’t need to pool them either.
‣ Details about pooling rewards from separate cards (coming soon)
━
Pooling (with travel companions)
You cannot pool cash back with travel companions. But the rewards are so easy to redeem that you don’t need to pool them either.
‣ Details about pooling rewards with travel companions (coming soon)
Expiration (if you have the card)
BMO cash back never expires as long as you have the BMO CashBack® World Elite®* Mastercard!
‣ Details about BMO cash back expiration (coming soon)
━
Expiration (if you don’t have the card)
You have 2 options to easily keep your BMO cash back from expiring even without the card:
‣ Details about reward expiration policies (coming soon)
How to get started
‣ Details about the steps to follow when applying for a new card in Flytrippers’ free checklist
━
How to use/manage rewards
‣ Learn more about how to use/manage BMO cash back (coming soon)
Card eligibility
‣ Details about credit card eligibility requirements (coming soon)
━
Welcome bonus eligibility
You must not have activated or closed the BMO CashBack® World Elite®* Mastercard in the past 12 months
‣ Details about credit card welcome bonus eligibility rules (coming soon)
━
Offer end date
Offer ends October 31, 2026
‣ Sign up for Flytrippers’ free newsletter about travel rewards to get all updates and news
━
Summary of card details
‣ Details about credit card basics (coming soon)
Fees
‣ Details on why Flytrippers recommends savvy travelers choose cards with annual fees (coming soon)
━
Annual interest rates
‣ Details about what Flytrippers recommends regarding interest rates (coming soon)
Get up to $650 in value and the annual fees waived in the first year.*
Plus, get a 0% introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
Earn more cash back on the categories that mean the most:
– 5% on groceries*
– 4% on transit including ride sharing, taxis and public transportation*
– 3% on gas and electric vehicle charging*
– 2% on recurring bill payments like your monthly phone bill or favourite streaming service*
Plus, get 1% cash back on all other purchases* with no limit on how much cash back you can earn!*
Save up to 20% on National Car Rental®†† and Alamo Rent A Car®†† and up to 5% on Enterprise Rent-A-Car®†† at locations worldwide using the Car Rental Booking tool.*
Extended warranty and purchase protection*
Complimentary membership in Mastercard Travel Pass provided by DragonPass.*
Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing – a $75/year value.*
Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
BMO is not responsible for maintaining the content on this site. Please click on the Apply Now link for the most up to date information
*Terms and conditions apply.
via BMO secure application
We’ll help you know everything about your rewards and your card so you can maximize them!
Join 100,000+ savvy Canadians who get the best newsletter for travelers.
Terms & conditions — Travel rewards
†Terms and conditions apply.
This content is not sponsored. However, this page may contain some affiliate links that allow Flytrippers to earn a commission at absolutely no cost to you. Thank you for using our links and helping us keep all our content free for everyone. This helps us fulfill our mission of helping Canadians travel more for less.
The views and opinions expressed on this page are purely our own. They have not been provided, approved, endorsed, or ratified by any third party mentioned on the site.
Financial institutions are not responsible for updating or ensuring the accuracy of the information on Flytrippers’ website. All the information was independently collected by Flytrippers and not provided by financial institutions.
All offers described on the Flytrippers website are subject to the financial institutions’ latest terms and conditions, which can be found on their official website. No efforts are spared to ensure this page is up to date but offers from financial institutions change quickly. It is your responsibility to ensure the accuracy of these offers on their website. Flytrippers will not accept any responsibility for the accuracy of the offers or the result of your actions.
Flytrippers’ website does not contain all available credit card offers or all available credit card products on the market. In addition, Flytrippers never shares an offer if it is not considered advantageous for some travelers, at its sole discretion.
No author on Flytrippers’ website is a financial advisor, a financial planner, a legal professional, or a tax professional. No author on Flytrippers’ website can in any way be considered as such.
All articles, pages, and content on Flytrippers’ website are merely personal opinions of a general nature and are for informational purposes only and should not be considered advice for specific situations. It is your responsibility to perform your own personal research to ensure that travel rewards are appropriate for your own situation.
You can learn more about our terms of use here.