BMO CashBack Mastercard vs. Simplii Financial Cash Back Visa

3 % de remise en argent sur l’épicerie admissible au Canada; 1 % sur les factures récurrentes; 0,5 % sur les autres achats.

Eligible purchase scopes, shared limits, qualifying channels or thresholds affect earning.

• Groceries and recurring bills each have a $500 spending cap per statement cycle; then 0.5%.
• Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments.
• Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments.
• Recurring allocations must be disjoint from purchases assigned to another category.
• Account must be open and in good standing.
• Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.
• Redeem from $1 for account credit or an eligible BMO bank/InvestorLine deposit; automatic redemptions start at $25.
• Reward amounts below the minimum represent earned value rather than immediately redeemable cash.
• Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments. Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments. Recurring allocations must be disjoint from purchases assigned to another category. Account must be open and in good standing. Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.
• Eligible Canadian grocery MCC 5411 and merchant-classified automatic recurring payments. Exclude non-eligible merchant classifications and advances, cash-like transactions, interest, fees, refunds and adjustments. Recurring allocations must be disjoint from purchases assigned to another category. Account must be open and in good standing. Same monthly eligible spending assumed across twelve statement cycles; unused allowances do not roll over.
• Redeem from $1 for account credit or an eligible BMO bank/InvestorLine deposit; automatic redemptions start at $25. Reward amounts below the minimum represent earned value rather than immediately redeemable cash.

4% cash back at eligible restaurants and bars; 1.5% on gas, groceries, drugstores and pre-authorized payments; 0.5% elsewhere.

Eligible purchase scopes, shared limits, qualifying channels or thresholds affect earning.

• Dining bonus applies to the first $5,000 annually; 1.5% categories share a $15,000 annual spending cap; then 0.5%.
• Up to three additional cardholders have no annual fee.
• Eligible net purchases in an open account in good standing.
• Exclude cash advances, interest, fees, balance transfers, payments and Convenience Cheques.
• Eligible restaurant/bar/caterer/fast-food MCCs, grocery, gas and drugstore classifications and merchant automatic recurring payments only.
• Assign overlapping eligible purchases once to the higher category subject to its limit; allocations must be disjoint.
• EV charging is not verified as gas.
• Quebec residents are ineligible.
• Return adjustments can differ from the original purchase rate; transaction chronology and rounding excluded.
• Cashback earned from January through December statements is redeemed at the end of the December statement period and credited to the next January statement; account must be open and in good standing.
• Eligible net purchases in an open account in good standing. Exclude cash advances, interest, fees, balance transfers, payments and Convenience Cheques. Eligible restaurant/bar/caterer/fast-food MCCs, grocery, gas and drugstore classifications and merchant automatic recurring payments only. Assign overlapping eligible purchases once to the higher category subject to its limit; allocations must be disjoint. EV charging is not verified as gas. Quebec residents are ineligible. Return adjustments can differ from the original purchase rate; transaction chronology and rounding excluded.
• Eligible net purchases in an open account in good standing. Exclude cash advances, interest, fees, balance transfers, payments and Convenience Cheques. Eligible restaurant/bar/caterer/fast-food MCCs, grocery, gas and drugstore classifications and merchant automatic recurring payments only. Assign overlapping eligible purchases once to the higher category subject to its limit; allocations must be disjoint. EV charging is not verified as gas. Quebec residents are ineligible. Return adjustments can differ from the original purchase rate; transaction chronology and rounding excluded.
• Cashback earned from January through December statements is redeemed at the end of the December statement period and credited to the next January statement; account must be open and in good standing.