Application for the BMO CashBack Business Mastercard card: how does it work?
If you are looking to apply for this business credit card, this easy-to-follow step-by-step guide is going to help you get yours today.
BMO CashBack Business Mastercard card: No annual fees
The BMO CashBack Business Mastercard card is an excellent product for anyone looking for a no-fee rewards card. Because it’s a business credit card, the application process for the BMO CashBack Business Mastercard card is a bit more lengthy, but nothing that should take you over 10 to 15 minutes. It’s actually a very straightforward process.
On the top bar on BMO’s homepage, click the “Business” option. Now click the “Credit Cards” option on the bar below. This will reveal a dropdown menu where you should find and click on the BMO CashBack Business Mastercard option.
Once you have arrived at the card’s page, click the “Apply Now” button on the lower left quarter of the screen. This will take you to the first page of the secured application form. Fill in your first name and personal phone number, and answer the two questions to begin the application process. Once you have done that, hit “Continue”.
The website will quickly scroll down and show you a few requirements you must meet. The first one is that you must be an owner of a for-profit business that operates in Canada. Second, you can’t have any bankruptcy in the last 7 years. And third, be the age of majority in your province or Territory. If you are in accordance with these, hit “I do”, and then “Continue”.
Now the website will ask you for some business information such as whether you are a sole proprietor, a partnership or a corporation. Now you must enter your legal business name, business address, type of business, number of years owned and business earnings. There will then be an inquiry on the nature of your business with “yes” or “no” questions. Answer those truthfully.
You are now at the “Applicant information” page. Fill it in with your personal information and hit “Continue”. Then enter your income and employment information and hit “Continue”. Next, check the box to confirm you agree with BMO’s terms and click “Continue” again. Review your details to make sure everything is in place, then hit “Submit”, and you are done.
You will be redirected to another website
BMO CashBack Business Mastercard credit card vs. BMO World Elite Mastercard credit card
But maybe you are looking for a more rewards-oriented credit card. BMO has a comparable alternative: the BMO World Elite Mastercard credit card. Have a look at the comparison below.
|BMO CashBack Business Mastercard Card||BMO World Elite Mastercard Card|
|Credit Score||Fair – Good||Fair – Good|
|Regular APR||19.99% – 22.99%||20.99% – 23.99%|
|Welcome bonus||Up to $125 cash back||30,000 BMO Rewards points|
|Rewards||1.5% on gas, internet bills, phone bills and office supplies|
1.75% back at any Shell location
0.75% on everything else
|3x points for every dollar spent on eligible dining, travel and entertainment purchases|
Airport lounge access
Travel and medical protection
About the author / Danilo Pereira
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