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How To Activate BMO Debit Card (How Do I Set Up BMO Card?)Cash back rewards you with a percentage of your purchase when you spend with your credit card. Learn more about how a cash back credit card works. The BMO CashBack Mastercard earns 3% cash back on groceries (up to $ per month), 1% cash back on recurring bills (up to $ per month), and % cash back. BMO CashBack World Elite Mastercard � Get up to 10% cash back in your first 3 months and the $ annual fee waived in the first year. � Earn 5% cash back on.