CA

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.

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by Danilo Pereira

05/06/2022 | Updated on 09/14/2022

BMO CashBack Business Mastercard card: No annual fees

BMO logo
How to apply for this card? Source: The Mad Capitalist.

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.

card

Credit Card

BMO CashBack Business

no annual fee cash back

No annual fee, convenient retail rewards and up to 10% cashback bonus!

See an ad to be redirected to another website

Apply online

BMO mobile app
See how to apply online. Source: Adobe Stock.

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.

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 ScoreFair – GoodFair – Good
Annual Fee$0$150
Regular APR19.99% – 22.99%20.99% – 23.99%
Welcome bonusUp to $125 cash back30,000 BMO Rewards points
Rewards1.5% 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
bmo world elite mastercard

How do you get the BMO World Elite Mastercard

An easy-to-follow step-by-step guide for you to acquire yours today!

About the author  /  Danilo Pereira

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