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Pros & Cons
Pros
- +Welcome Bonus: 20,000 points
- +Purchase protection included
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
With this offer for the BMO Blue Rewards Mastercard, you receive a 20,000 Blue Rewards points welcome bonus. In addition, you benefit from a 0.99% introductory interest rate on balance transfers for nine months.
With the BMO Blue Rewards Mastercard, you earn 5 points per dollar at participating Blue Rewards partners and 1 point per dollar on groceries, gas, electric vehicle charging, wholesale and alcohol purchases (including Costco). And 0.5 point per dollar on all other purchases. The 5-point rate applies on up to $15,000 in net purchases per calendar year at partners, and the 1-point rate on up to $500 per category, per statement cycle.
Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.
Rewards
All Spending
0.5x
Blue Rewards pts per dollar
Groceries
1x
Blue Rewards pts per dollar
Gas
1x
Blue Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
20,400
Blue Rewards/yr
Estimated Value
$204
After Fees
+$204
1st Year Value
$404
incl. welcome bonus
Annual rewards breakdown
- Earn 20,000 Blue Rewards after $1,500 in purchases within the first 3 months
Perks & Benefits
Accepted at Costco
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Included
Fees and interest rates
- Annual Fee$0
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Purchase Rate21.99%
- Balance transfer rate23.99%Quebec21.99%
- Cash advance rate23.99%Quebec21.99%
- Balance Transfer Promo0.99%
Intro period: 9 · Fee: 2 %
Terms & Conditions
Card Features
Welcome Offer: Get 20,000 Bonus Points and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee*. Plus, earn rewards from over 400 brands.*
- Earn 5 Points for every $1 spent at participating Blue Rewards Partners, up to $15,000 in net purchases per calendar year*
- Earn 1 Point for every $1 spent on groceries, gas, electric vehicle charging, wholesale and alcohol purchases, up to $500 per category, per statement cycle*
- Earn 0.5 Points for every $1 spent on everything else*
- Earn additional Points on top of your credit card Points when you use your physical or digital Blue Rewards Member Card at checkout*
- Get even more Blue Points when you add an extra cardholder for free
Benefits
- Redeem any amount of Points to reduce what you pay out of pocket when using a combination of your BMO Blue Rewards credit card and Points*
- Redeem your Points for entertainment, merchandise, eGift Cards, in-store purchases and more*
- Unlock exclusive offers at top brands through Blue Rewards offers
- Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool
- Get 20% off admission to Cirque du Soleil shows touring Canada and 15% off resident shows in Las Vegas
- Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing.*
- Extended warranty and purchase protection*
- Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Legal
†Terms and conditions apply.
BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
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FAQ
How many Blue Points do you earn with the BMO Blue Rewards Mastercard?
The card earns 5 Points per $1 at participating Blue Rewards Partners, 1 Point per $1 on groceries, gas, electric vehicle charging, alcohol and warehouse club purchases, and 0.5 Points per $1 on everything else. You also collect the partner’s own Points at checkout when you show your Blue Rewards membership card, so two streams of Points stack on the same transaction.
Is the 10x Points rate at partners capped?
Yes. Bonus Points at participating Blue Rewards Partners are earned on up to $15,000 in net purchases per calendar year. Once you reach that maximum, purchases at partners earn only the base rate of 0.5 Points per $1.
This annual cap replaced the previous $500 per statement cycle limit. In practice it is much more generous: the old cap allowed roughly $6,000 of accelerated spending a year, the new one allows $15,000, and you can concentrate it in a single month instead of spreading it out.
Are the accelerated spend categories capped as well?
Yes, and that cap has not changed. The 1 Point per $1 rate applies to up to $500 in net purchases per Accelerator Spend Category, per statement cycle — alcohol, gas and EV charging, groceries, and warehouse clubs are each counted separately.
One nuance: a purchase made at a Blue Rewards Partner that is also a grocery store or gas station earns the 10x partner rate, not the category rate.
What is the welcome offer on the BMO Blue Rewards Mastercard?
Earn 20,000 Bonus Points when you spend a minimum of $1,500 in net purchases within the first 110 days after account opening. The Points are credited 110 days after the account open date. Applications must be received between June 2 and October 31, 2026.
The offer also includes a 0.99% introductory interest rate on balance transfers for nine months, with a 2% transfer fee. It is not available to current or former Blue Rewards cardholders, nor to BMO cardholders transferring into the product.
How much is a Blue Point worth?
BMO’s reference equation is 1,500 Points = $10, or roughly 0.67 cent per Point, when redeemed in store at participating partners or towards eGift cards. Other redemption types are subject to separate rates, so that 0.67 cent figure is the benchmark to compare against, not a guarantee.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Milesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.