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0%Are you a student looking for your first credit card? The BMO CashBack Mastercard Student might be the perfect fit for you. Packed with useful features, including cashback rewards and exclusive Mastercard benefits, this card is designed specifically to meet the needs of students like you.
If you’re ready to take control of your finances, build credit, and enjoy the perks of a student credit card, we’ve got you covered. This guide will break down everything you need to know about the BMO CashBack Mastercard Student, from its advantages to how you can easily apply today.
About the Issuer
BMO (Bank of Montreal) is one of Canada’s leading financial institutions, known for its array of accessible banking options, especially for students. With a focus on creating flexible and customer-friendly financial products, BMO ensures that students are fully equipped to manage their money while reaping valuable rewards.
The BMO CashBack Mastercard Student is a standout offering tailored to students who are new to credit cards. It’s straightforward, easy to use, and designed to build your financial confidence.
Advantages of the BMO CashBack Mastercard Student
This student credit card isn’t just convenient—it’s also loaded with perks that make it ideal for everyday use. Here’s what you can look forward to:
1. Earn Cashback on Every Purchase
Get rewarded for your spending! With the BMO CashBack Mastercard Student, you’ll earn:
- 3% cashback on groceries
- 1% cashback on recurring bill payments
- 0.5% cashback on all other purchases
Plus, the cashback rewards are flexible. You can redeem them as cash, put them towards your statement balance, or even deposit them into a BMO savings account.
2. No Annual Fee
This student credit card comes with no annual fees, making it a budget-friendly choice for young adults who want to avoid extra costs.
3. Special Welcome Offer
New applicants often qualify for promotional cashback rates during the first few months. Be sure to check the current welcome offer when applying for your card to maximize your rewards.
4. Build Your Credit Score
Using this card responsibly will help you start building your credit history, which is essential for major purchases in the future, like renting an apartment or buying a car.
5. Easy to Manage
The BMO mobile app makes it easy to track your transactions, view your cashback balance, and set account alerts to help you stay on top of your finances.
Mastercard Benefits You’ll Enjoy
When you carry the BMO CashBack Mastercard Student, you get access to exclusive Mastercard perks, including:
1. Zero Liability Protection
Worried about fraud? Mastercard’s zero liability policy ensures you’re not held responsible for unauthorized transactions made with your card.
2. Accepted Worldwide
Whether you’re shopping online or traveling, Mastercard is widely accepted, making it a reliable choice for any situation.
3. Shop with Confidence
With Mastercard’s Purchase Protection and Extended Warranty benefits, your purchases are safeguarded for a specific period.
4. Exclusive Deals and Discounts
Enjoy exclusive offers from Mastercard, including discounts on experiences, entertainment, and shopping.
These benefits make it clear that Mastercard isn’t just about convenience—it’s about peace of mind too.
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Who Can Apply for This Card?
The BMO CashBack Mastercard Student is specifically designed for students. To be eligible, you typically need to meet the following criteria:
- Student Status: You must be a full-time or part-time student in a post-secondary institution. Is necessary to prove annual income through employment, scholarship/subsidies, student loan or family grant;
- Age: You must meet the minimum age requirement of 18 or 19 years old, depending on your province of residence;
- Canadian Residency: This card is available to Canadian residents only.
Even if you have little to no credit history, you’re likely to qualify for the card since it’s tailored to first-time credit card holders.
Documents Needed for Application
When you’re ready to apply, gather these essential documents to speed up the process:
- A valid government-issued ID (e.g., driver’s license or passport);
- Proof of enrollment in a post-secondary institution;
- Proof of residency (e.g., utility bill or bank statement);
- Social Insurance Number (SIN) for credit checks.
Having these documents on hand ensures a quick and seamless application process.
How to Apply for the BMO CashBack Mastercard Student
Starting your financial journey as a student doesn’t have to be intimidating. The BMO CashBack Mastercard Student offers an easy way to manage your money while earning rewards along the way. Whether you’re buying groceries, paying for subscriptions, or simply building your credit score, this card is a reliable companion.
Take the first step toward financial freedom and apply for your BMO CashBack Mastercard Student today.
With expert curation, cashback perks, and Mastercard benefits, you’ll have everything you need to succeed—both in school and beyond.