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How the BMO Rewards Program works - explained in 2 minutesBMO CashBack Mastercard perks � No annual fee. Save money every year with a $0 annual fee. � Earn cash back. � Welcome bonus. � Flexible redemption. One-time cash back redemption amounts must be equal or greater than $1 and will be deposited 2 � 5 business days following the date the deposit is requested. This Program allows Cardholders to earn cash back that may be redeemed for a statement credit. �Cardholder� means the accountholder of an eligible credit card .