Reviews
Student BMO CashBack® Mastercard® credit card full review: should you get it?
Discover a rare BMO card that offers exclusive student benefits, such as rewards and no annual fee. Learn all about the Student BMO CashBack® Mastercard® credit card!
Advertisement
Student BMO CashBack® Mastercard® credit card: an annual fee-free student card
In fact, if you’re Canadian, you’ve probably heard great things about BMO credit cards. In fact, these have advantages that set them apart from other options on the market. Thus, all these benefits of BMO were also extended to the student public through the Student BMO CashBack® Mastercard® credit card.
Learn more about this card that offers benefits that are not generally available on student cards.
Student BMO CashBack® Mastercard®: check out how to apply!
A student card with benefits common to premium cards. Learn how to apply to Student BMO CashBack® Mastercard® credit card and have a card unlike anything you see on the market.
| Credit Score | From fair to good (670-739) |
| Annual Fee | $0 |
| Regular APR | 19.99% |
| Welcome bonus | Up to 5% cashback in the first three months |
| Rewards | 3% cashback on grocery purchases, 1% on recurring payments (phone bills, streaming and other subscriptions) and 0.5% on all other purchases |
Student BMO CashBack® Mastercard® credit card: learn more about this financial product
Generally, student credit cards do not offer very generous benefits. Thus, in addition to worrying about academic life and professional training, students had to worry about credit card bills. In fact, the Student BMO CashBack® Mastercard® goes against all of that.
For this reason, this card is so coveted. Thus, Student BMO CashBack® Mastercard® brings advantages found only in premium cards. One of them is the tuition waiver, which is a great relief for students’ pocketbooks. Plus, you can count on an excellent rewards program, which is rare on student cards.
In addition, there are a variety of options when it comes to collecting your points. You can charge them as an addition to your next balance, direct deposit into your checking account or through InvestLine, BMO’s investment program.
Student BMO CashBack® Mastercard® card holders can enjoy special benefits from Mastercard cards. In effect, this includes a 25% discount on car rentals from National and Alamo rental companies. Plus, you can enjoy 15% off Cirque du Soleil tickets and 20% off Las Vegas shows.
You can still request extra cards for spouses or other account holders without paying anything for it. Finally, the Student BMO CashBack® is a secure card. In case of fraud, you will be exempt from paying for purchases that you do not recognize.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Student BMO CashBack® Mastercard® credit card features
In fact, the Student BMO CashBack® feels like a credit card dream. However, it’s important to weigh the pros and cons to make sure you’re making a good choice. So, check out the main attributes and weaknesses of the Student BMO CashBack® Mastercard® card:
What are the benefits?
- Cashback program, rare features on student cards;
- Zero annuity;
- All the benefits of a Mastercard card plus acceptability almost anywhere;
- Very interesting welcome bonus.
What are the drawbacks?
- Standard win rate for purchases below the market average (0.5%);
- Requires a very high credit score to apply;
- 2.5% fee for transfers abroad;
- All cashback program categories have a spending limit of $500;
- After that amount, you will no longer receive rewards.
What credit score do you need to get the Student BMO CashBack® Mastercard® credit card?
In fact, applicants for the BMO CashBack® Mastercard® student card must be very well qualified. If you intend to apply for this card, it is important to have a score between 670 and 739.
How does the Student BMO CashBack® Mastercard® credit card application process work?
There are some criteria you need to meet to apply for this card. To learn more, click on the link below to read a full review of the application process.
Student BMO CashBack® Mastercard®: check out how to apply!
A student card with benefits common to premium cards. Learn how to apply to Student BMO CashBack® Mastercard® credit card and have a card unlike anything you see on the market.
Trending Topics
Mission Money™ debit card: check out how to apply!
Learn how to apply for Mission Money™, a debit card that doesn't check your credit score and has no annual or foreign transaction fees!
Keep Reading
Sallie Mae Student Loan: find out how to apply!
Apply to Sallie Mae Student Loan and learn how to get stopped for loans even with bad credit scores and build your credit score!
Keep Reading
Interest rates on savings accounts may be low, but you can still save money
Understand what is behind the low interest rates on savings account and how you can benefit even in this scenario.
Keep ReadingYou may also like
How the Russia-Ukraine war can affect the Stock Market
The Russia-Ukraine conflict already affecting the international stock market. Click and learn how to manage your money in this scenario.
Keep Reading
OakStone Platinum Secured Mastercard®: check out how to apply!
Apply for the OakStone Platinum Secured Mastercard® and build your credit regardless of the credit score you have today. Know how!
Keep Reading
BadCreditLoans.com review: loans for all credit scores
Read our badcreditloans.com. review and discover hundreds of lenders ready to close a deal regardless of your credit score!
Keep Reading