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    How the BMO CashBack®* Business Mastercard®* Turns Everyday Expenses into Extra Earnings

    Posted on Sep 22, 2022 10:15:00 AM by Brandon Draga

    There is no aspect to running a business that doesn’t, at some point, cost money. As your business grows, so to do your operating costs. There are many techniques for minimizing your overhead, however at some point, you’ll need a business credit card.

    Many business credit cards offer a wide array of rewards for their customers, but at the end of the day you want a card that is more than just a tool to help you manage your business. You want a card that helps you invest more in your business.

    With that in mind, this week on the Freightcom blog we’re continuing to highlight the products and services being offered to Freightcom customers by our partner BMO. Specifically, we’ll be taking a look at the BMO CashBack®* Business Mastercard®* and showing you how this business credit card can work as hard as you do to help your business grow.

     

    Working Hard from Day One

    As we discussed when we talked about the BMO eBusiness Plan [Link to blog post], there is strength in having a business banking product that fits multiple stages of a business’ growth. With no annual fee and no minimum income required, the BMO CashBack Business Mastercard is perfect for entrepreneurs looking for a tool to help manage those initial startup costs that come with establishing a business.

    Further, if you were considering starting a business, or expanding your current operations, this blog may be the sign that the time is right. Until December 6th, 2022, new cardholders will receive 10% cash back on their first three months of gas, office supplies, and cell phone and internet payments made with their BMO CashBack Business Mastercard1!

     

    Ongoing Cash Back for Ongoing Expenses

    A card that rewards your hard work getting a business up and running is good, but what about all the incidental expenses that follow? A card that rewards you for ensuring that business runs smoothly would be even better.

    The BMO CashBack Business Mastercard doesn’t ask you to make a choice between the two.

    This is a card that invests in you as you invest in your business. Cardholders enjoy 1.75% cash back on both gas and in-store purchases at any Shell®†2. Rewards continue with 1.5% cash back on eligible gas, office supplies, and recurring cell phone and internet bills3.

    It doesn’t stop there, either. The BMO CashBack Business Mastercard truly lives up to its name by offering 0.75% cash back on all other purchases you make on the card2!

     

    Start Feeling Better about Your Business Spending

    Whether you’re looking for your first business credit card or looking to upgrade what’s already in your wallet, the BMO CashBack Business Mastercard can provide you with more rewards simply for doing what you need to do to keep your business moving forward.

    Interested in seeing all the amazing business banking products that BMO is offering? Take a look and see how, with Freightcom and BMO, your business can access all the right tools to grow smarter.

    See the Offers

     

    ®Trademark owned by Bank of Montreal. Used under license.
    ®*Mastercard and World Elite are registered trademarks, and the circles design is a trademark of Mastercard International Incorporated. Used under license.
    TM†/®† “Shell” and the Shell Pecten are trademarks of Shell Brands International AG. Used under license by Bank of Montreal.

    1. BMO CashBack Business Mastercard applications must be received between September 1, 2020 and December 6, 2022 (the “Offer Period”) to be eligible for this offer. You will earn 10% cash back for each dollar you spend at qualifying gas stations, office supply stores, and on your cell phone/internet (phone) bill payments in the first 3 (three) billing cycles from the account open date (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) up to a maximum of $150 cash back (a minimum of $1,500 in eligible purchases). The 10% cash back reward includes the base earn rate of 0.75% and a bonus of 9.25% for qualifying office supply store purchases, cell phone/internet bill payments, or gas purchases (bonus of 9.50% at Shell locations in Canada). To qualify for the bonus cash back reward, your purchases must be made at “Qualifying Merchants” classified in the Mastercard network as Service Stations (gas stations with or without ancillary services) and Automated Fuel Dispensers (Merchant Codes: 5541 & 5542), Stationery and Office Supply Stores (Merchant Codes: 5111 & 5943) and Cellphone/Internet billings (Merchant Codes: 4812, 4814 & 4816). This bonus earn would not apply to some merchants who sell similar products/services or are separate merchants who are located on the premises of such merchants but are classified in another manner. After the first three (3) billing cycles or $1,500 spent in eligible purchases (whichever comes first), you will earn 1.5% cash back for each dollar you spend at office supply stores, on your cell phone/internet (phone) bill payments and at gas stations (1.75% cash back on purchases made at Shell locations in Canada). The 10% cash back reward offer is limited to new BMO CashBack Business Mastercard accounts and will not be awarded to current or former cardholders who reinstate a closed account, who transfer to another account, or who open a new account during the offer period. Limit of one bonus offer per account. If you cancel your card within one hundred and twenty (120) days from the date your account is opened, all cash back rewards earned within that period will be cancelled. This offer may be withdrawn or changed without notice.

    2. Cash back rewards earned are cumulative over the statement period. The awarding of cash back rewards is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, payments, credit or debit adjustments) and is subject to the Terms and Conditions of the BMO CashBack Business Mastercard. The number of cash back rewards will be rounded down to the nearest cent.
    You will earn 1.75% CashBack rewards for purchases made at Shell locations in Canada, which includes the base earn rate of 0.75% and the Shell bonus of 1%. The Shell bonus CashBack rewards will be earned on purchases made at Shell locations in Canada (including Beaver, Turbo and Payless) to a maximum of $2,500 per account. The number of CashBack rewards will be rounded down to the nearest cent.

    3. You will earn 1.5% cash back for each dollar you spend at gas stations, office supply stores, and on your cell phone/internet (phone) bill payments. The 1.5% cash back reward includes the base earn rate of 0.75% and the bonus of 0.75% for qualifying gas purchases, office supply store purchases, or cell phone/internet bill payments. To qualify for the bonus cash back rewards, your purchases must be made at merchants classified in the Mastercard network as Service Stations (gas stations with or without ancillary services) and Automated Fuel Dispensers (Merchant Codes: 5541 & 5542), Stationery and Office Supply Stores (Merchant Codes: 5111 & 5943) and Cellphone/Internet billings (Merchant Codes: 4812, 4814 & 4816). Some merchants may sell similar products/services or are separate merchants who are located on the premises of these merchants but are classified in another manner, in which case this bonus earn would not apply.

    Topics: BMO, SMBs

    Brandon Draga

    Written by Brandon Draga

    Brandon Draga is a full-time content writer at Freightcom, the leading shipping solution for businesses in Canada. When Brandon is not writing content to help businesses with their shipping needs, he can be found at local skate parks or writing fantasy novels.

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