Offer
- Welcome offer: Get 5% cash back in your first 3 months¹
- Then get 3% cash back on grocery purchases, 1% cash back on recurring bill payments and 0.5% unlimited cash back on all other purchases!²a,²b,²c,²d
- Now earn the highest cash back on groceries in Canada without paying an annual fee!†
- Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred⁶
- No annual fee³.
- FREE additional cards
- Extended Warranty⁵
- Purchasing Protection⁵
Fees & Conditions
Value
Reward points value
We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.
First-year value
For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:
- Grocery
- Gas/Transit
- Meals
- Travel
- Bills
- Other purchases
First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards – First-Year Annual Fee
Value of subsequent years
For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.
Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) – Annual fee
VIP lounges:
For credit cards with complimentary airport lounge access, this benefit is calculated as follows:
- 1 access = $40
- Unlimited access = $400 (the value of 10 annual visits)
Advantages
Earnings
Insurance
Legal
*Terms and conditions apply BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information