BMO · Mastercard · Cash back
Reviewed 2026-07-06 · By The Points Standard editorial team
BMO CashBack Mastercard
A solid no-fee grocery earner. Straightforward and fee-free, with an upgrade path once spend outgrows the cap.
Standard Score breakdown — Situational
Six weighted components, each rated 0–10. "Contributes" is the rating × weight — add all six and you get the 6.25/10 Standard Score above.
See how the Standard Score works or re-weight it to your priorities.
The numbers
| Annual fee | None |
| Welcome bonus | 10% cash back on groceries for the first 3 months (up to $3,000 spend) |
| Est. bonus value | ≈ $300 |
| First-year net value | ≈ $340 |
Earn rates
| Groceries (first $12,000/yr, then 1%) | 3% |
| Recurring bill payments | 1% |
| Everything else | 0.5% |
Why it earns its score
- No annual fee with a genuinely strong grocery rate
- Cash back paid out automatically, no minimum redemption
- 1% on recurring bill payments — a category most no-fee cards ignore entirely
Where it loses points
- 3% grocery rate is capped at $12,000/year in spend
- 0.5% base rate on general spend
Who it's for
Free-card shoppers whose grocery bill is the biggest line item in the budget.
Who should skip it
Your grocery spend already exceeds $12,000/year — the World Elite version's higher cap and bill-payment rate pay for its fee.
Included insurance
Purchase protection
Source: issuer card page · Last reviewed 2026-07-06. Details change often — confirm current terms with the issuer before applying.