BMO Harris Bank Cash Back Mastercard®

BMO Harris Bank Cash Back Mastercard® Review

This is a cashback credit card issued by BMO Harris Bank. If you're wondering whether BMO Harris Bank Cash Back Mastercard® is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• Signup bonus. Offers a signup bonus of $200 if you spend $2000 within 3 months.
• Competitive APRs. BMO Harris Bank Cash Back Mastercard® has a variable purchase APR that ranges from 13.99% up to 21.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
• Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 3% every time you make a transaction outside the U.S.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, extended warranty protection on purchases, identity theft protection, travel assistance, and fraud protection.
• Fair or better credit required. You will have good approval odds if your credit score is above 650.

The Good

The Bad

$200 cash back bonus when you spend $2,000 in the first 3 months of account opening. Potentially lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee. No annual fee. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty on purchases. Identity Theft Protection. Travel assistance insurance Cardholders can earn rewards on purchases everywhere BMO Harris Bank Cash Back Mastercard® is accepted. BMO Harris Bank Cash Back Mastercard® reports to multiple credit bureaus.

Charges a foreign transaction fee of 3%.

Does BMO Harris Bank Cash Back Mastercard® have a cash back or rewards program?

This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.

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BMO Harris Bank Cash Back Mastercard® Rewards

Rewards rate (all purchases)	N/A
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus ($)	$200
Signup Bonus Spend Requirement	$2000
Signup Bonus Spend Period (months)	3 months

What are the BMO Harris Bank Cash Back Mastercard® benefits?

It provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for BMO Harris Bank Cash Back Mastercard®?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular APRs.

BMO Harris Bank Cash Back Mastercard® has a variable purchase APR that ranges from 13.99% up to 21.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 21.99%. It also has a variable cash advance APR of 24.24% .

What are the fees for BMO Harris Bank Cash Back Mastercard®?

The following fees apply:

BMO Harris Bank Cash Back Mastercard® Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	3%
Returned Payment Fee	up to $37
Late Payment Fee	up to $37

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.

Does BMO Harris Bank Cash Back Mastercard® report your account activity to credit bureaus?

Yes, BMO Harris Bank Cash Back Mastercard® reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for BMO Harris Bank Cash Back Mastercard®

• Visit the BMO Harris Bank Cash Back Mastercard® website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.