BMO · Business credit
BMO CashBack Business Mastercard review
The BMO CashBack Business Mastercard is a no-annual-fee business credit card that pays 1.5% cash back on gas, office supplies, and phone and internet bills, 1.75% at Shell and 0.75% on everything else. Additional employee cards are free, and you get 25 grace days to pay.
Who BMO is best for
Small businesses wanting a free bank-issued card, teams spending heavily on gas, office supplies and telecom and companies that want free employee cards.
Businesses spending in USD or abroad and companies wanting flat cashback on all spend.
The BMO CashBack Business Mastercard is a no-annual-fee business credit card that pays 1.5% cash back on gas, office supplies, and phone and internet bills, 1.75% at Shell and 0.75% on everything else. Additional employee cards are free, and you get 25 grace days to pay.
It’s a solid, simple pick for small businesses whose spending is mostly in CAD and in those categories. The 2.5% foreign transaction fee makes it a poor choice for USD or overseas spending; pair it with a multi-currency card if you buy from US suppliers.
Fees, features and eligibility
| Rewards | 1.5% gas, office supplies, phone and internet; 1.75% at Shell; 0.75% other |
|---|---|
| Annual fee | CA$0 |
| Fees | C$0 annual |
| Payment terms | 25 payment grace days |
| Foreign transaction fee | 2.5% |
| Card type | Business credit |
| Currencies | CAD |
Source: BMO published product information.
What stands out
Pros
- No annual fee
- 1.5% back on gas, office supplies, phone and internet
- Free employee cards
Cons
- 2.5% foreign transaction fee
- 0.75% on everything else
BMO: common questions
Does the BMO CashBack Business Mastercard have an annual fee?
No. The annual fee is C$0, and additional cards are free.
How much cash back does the BMO CashBack Business Mastercard earn?
1.5% on gas, office supplies, and phone and internet bills; 1.75% at Shell; 0.75% on all other purchases.
Does the BMO CashBack Business Mastercard charge foreign transaction fees?
Yes, 2.5% on purchases in other currencies.
How long do I have to pay the balance?
You get 25 payment grace days.
Used BMO? Help other businesses choose.
