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Student BMO Cashback Mastercard: A Card Loaded 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 of use.

This no-cost card is specifically crafted for students embarking on their financial journey and has won several accolades from various Canadian organizations—discover how to apply.

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

This ensures you have options that are appropriate for different life stages, especially as a student when your earning capacity might be limited.

The BMO Cashback Mastercard for Students is highly esteemed, recognized as the best student credit card by creditcardGenius, ratesdotca, and Milesopedia.

This card provides cashback perks, including 3% back on grocery store purchases, regardless of the items purchased. You’ll receive 1% cashback on recurring bills.

Moreover, you can earn 0.5% cashback on all other expenses, with multiple options available for redeeming your rewards.

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

Absolutely, the card provides a 5% cashback reward during the first three months of usage.

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

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

Yes, the application for the BMO card can be completed entirely online, which is standard for the bank.

You can redeem your cashback by having it deposited into a BMO account or applied as a credit on your statement, choosing between a one-time payment or a fixed recurring amount.

The BMO platform features a cashback calculator that helps you estimate your potential earnings as you start making everyday purchases with the credit card in Canada.

This card is equipped with various features and security options, including the ability to lock and unlock your card easily through the app.

BMO also provides financial insights that enable you to track your credit score, giving you free access 24/7 and updates in CreditView to see how your actions impact your score.

Moreover, this card offers zero liability protection against any losses from unauthorized transactions, plus notifications to keep you updated on completed payments.

Mastercard is one of the most recognized names worldwide, making it widely accepted across the globe.

Interested in exploring another option?

BMO offers a range of credit cards, including the BMO World Elite Cashback Mastercard, which provides the best cashback on groceries in Canada.

This card features various cashback options, enabling you to earn substantial rewards based on your spending. Check out how to apply.

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