BMO CashBack Business Mastercard
Cost-conscious small businesses that want simple cash back on gas, office supplies, and telecom with no fee.
VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.
Our verdict
A dependable no-fee business card for everyday expenses; businesses with bigger budgets will get more value from the Ascend World Elite Business card.
Reward rates
Gas stations 1.75% at Shell locations in Canada | 1.5% |
Cell phone & internet bill payments | 1.5% |
All other purchases Office supply store purchases earn 1.5% | 0.75% |
Welcome bonus
10% cash back on gas, office supplies, and cell phone/internet bill payments in the first 3 billing cycles (up to $150)
Requirement: Minimum $1,500 in eligible purchases
Pros
- Solid no-fee earn on common business expenses
- Useful intro balance transfer offer for cash flow
Cons
- 0.75% base rate trails premium business cards
- Very limited insurance package
Perks
- No annual fee for business cash back
- 0% introductory balance transfer rate for 9 months (3% fee)
- 1.75% cash back at Shell stations in Canada
- Free additional employee cards
- Redeem cash back flexibly toward your statement or accounts
Insurance
- Extended warranty insurance
- Purchase protection
Frequently asked questions
Is the BMO CashBack Business Mastercard worth it?
It has no annual fee, and we rate it 3.4 out of 5. It's best suited to cost-conscious small businesses that want simple cash back on gas, office supplies, and telecom with no fee. The welcome bonus is worth roughly $150, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.
What does the BMO CashBack Business Mastercard earn?
It earns 1.5% on gas stations, 1.5% on cell phone & internet bill payments and 0.75% on all other purchases.
What credit score do you need for the BMO CashBack Business Mastercard?
We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.
Researching and writing about Canadian personal finance since 2026.
Last reviewed June 2026 · How we research
“BMO CashBack Business Mastercard Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/bmo-cashback-business, updated June 2026.
- BMO cardholder agreement and rates & fees disclosure
- VaultNerd cards database