- 3%Cash back on groceries, up to $500/month
- 1.5%Cash back on pre-authorized payments
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3% cash back on groceries, up to $500/month, and 1.5% on pre-authorized payments.
The BMO CashBack Mastercard for Students stands out as the top choice because it offers a strong 3% cash back on groceries, making it ideal for students who frequently shop for food. With no annual fee and no income requirement, it provides excellent value for those just starting their credit journey.
Pros:
- No annual fee
- Good first credit card for students
Cons:
- Cash back limit on groceries
- Limited to student applicants
The BMO CashBack Mastercard for Students is a suitable option for students looking to build their credit while benefiting from a solid cashback program, particularly for grocery purchases. With no annual fee and a straightforward rewards structure, it serves as a practical choice for those new to credit or those seeking to maximize their cash back on everyday expenses.