How to Get Cash Back on Your BMO Credit Card bill

What is BMO Credit Card?

BMO Credit Card bills average around $580/month for a typical household. Virtually all BMO consumer cards are Mastercard, so every BMO card shares the single 'BMO Mastercard' payee; paying in full preserves a 21+ day interest-free grace period.

How to Get Cash Back on Your BMO Credit Card Bill

1. Create your free Neobanc account: sign up at neobanc.com, takes about 2 minutes with instant verification.
2. Add BMO Credit Card as a payee: search "BMO Credit Card" in Bills. Banks and Neobanc list it as BMO Credit Card.
3. Enter your card number: find it on the front of your BMO card or your monthly statement.
4. Fund the payment by Interac e-Transfer: free, from any Canadian bank account in your name. One-time or recurring.
5. Earn cash back on every payment: 1% to 2% lands in your Neobanc balance. Withdraw it or put it toward next month's bill.

Where to Find Your BMO Credit Card Number

Check the front of your BMO card or your monthly statement. Enter it exactly as shown when adding the payee.

Can I Pay BMO Credit Card With a Credit Card?

No. You can't pay a credit card with another credit card through Neobanc. Credit card bills are funded by Interac e-Transfer from your bank account, which is free. What you gain is the cash back: paying BMO Credit Card straight from your bank earns nothing, while the same payment routed through Neobanc earns 1% to 2% back. On a typical $580/month statement, that's up to $139 a year for the exact same bill.

The Math on Your BMO Credit Card Bill

Average $580/month: Neobanc returns $5.80/month at the 1% rate, or $11.60/month on the 2% tier, up to $139 per year for changing how you pay, not what you pay. There is no fee: Interac e-Transfer funding is free.

How do I save the most on my BMO Credit Card bill each month?

Pay in full, and pay it through Neobanc. Paying by bank transfer or Pre-authorized debit earns nothing; the same payment through Neobanc earns up to $139 a year. Missed minimums mean ongoing interest (~20.99% purchases), possible penalty rates, and credit-bureau reporting. Set a recurring Neobanc payment about a week before the due date: funds take 3 business days to process plus 1 to 3 business days for bill-pay delivery, and you earn on every cycle without running late.