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[BMO] Credit card 4% introductory cashback, $0 annual fee

  • Last Updated:
  • May 20th, 2017 11:52 am
[OP]
Newbie
Jan 28, 2008
21 posts
9 upvotes
Kitchener

[BMO] Credit card 4% introductory cashback, $0 annual fee

4% cash back during first 4 months, up to $125 cash back for base card, or $250 for WorldElite.
1% cash back after that for base card, 1.75% for WorldElite.
Can not cancel within the first 120 days.
Base card has no annual fee, WorldElite has $120 annual fee.
Last edited by psommerfeld on May 18th, 2017 7:00 pm, edited 1 time in total.
54 replies
Deal Guru
User avatar
Dec 2, 2008
11063 posts
1271 upvotes
boo. i has capital one 1.5% thanks..................
Member
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Jul 5, 2013
273 posts
346 upvotes
Saint John
IMO, BMO is one of the worst banks in Canada
Member
User avatar
Jul 5, 2013
273 posts
346 upvotes
Saint John
jiffylube1024 wrote:
May 18th, 2017 7:17 pm
Why? The fees?
1. Don't have great value
2. Poor services ( I had terrible experience with them)
Member
User avatar
Dec 22, 2006
327 posts
81 upvotes
Toronto
demon1102 wrote:
May 18th, 2017 7:23 pm
1. Don't have great value
2. Poor services ( I had terrible experience with them)
+1
Sr. Member
Sep 4, 2007
864 posts
222 upvotes
Edmonton
Bad value. Very misleading title.

Credit card sign up incentive should provide a minimum of $200 of free value. This is well below $100 against the base case of a $0 annual fee, 1% cashback card which is ubiquitous.
Newbie
User avatar
Nov 30, 2013
82 posts
73 upvotes
Hamilton
Burrrrr, it's freezing in here.
[OP]
Newbie
Jan 28, 2008
21 posts
9 upvotes
Kitchener
frozenmelon wrote:
May 18th, 2017 7:37 pm
Bad value. Very misleading title.

Credit card sign up incentive should provide a minimum of $200 of free value. This is well below $100 against the base case of a $0 annual fee, 1% cashback card which is ubiquitous.
I didn't know there were RFD rules for credit card incentive. Where do I find those?
The base case has a $125 incentive, if you purchase $3,125 within first 4 months, which is not hard if you run a business as I do.
Sr. Member
Sep 4, 2007
864 posts
222 upvotes
Edmonton
psommerfeld wrote:
May 18th, 2017 7:47 pm
I didn't know there were RFD rules for credit card incentive. Where do I find those?
The base case has a $125 incentive, if you purchase $3,125 within first 4 months, which is not hard if you run a business as I do.
If you've been following the credit card sign ups for the last 5-10 years as I have and as much of the RFD community has then you'll note that all the hot deals hover around the $200 mark. But you don't need to believe me. Just watch the downvotes pour in.

You really should edit your title though. It's incredibly misleading. Not even an asterisk.
Sr. Member
User avatar
Aug 8, 2015
696 posts
550 upvotes
Toronto
demon1102 wrote:
May 18th, 2017 7:23 pm
1. Don't have great value
2. Poor services ( I had terrible experience with them)
Lol very subjective reasons. Value depends on your needs and I always enjoyed amazing customer service from BMO
Deal Addict
Jul 2, 2008
3699 posts
783 upvotes
demon1102 wrote:
May 18th, 2017 7:23 pm
1. Don't have great value
2. Poor services ( I had terrible experience with them)
The bank where I go to open a bank account for my kid and they sneaked a credit card application in when I was signing the paperwork. A week later, I receive a credit card in the mail. The manager seemed to know about this scam when I confronted her about it
Deal Addict
User avatar
Dec 4, 2007
2428 posts
442 upvotes
Quebec
just opened a chequing account with bmo. i am not really interested into new credit card. i have my grand fathered capitalone aspire cashback that give me 1.5% on everything, no limit, no miminum to redeem. i dont have to earn 80k. my annual revenu is only 20k.

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