BMO Rewards® Business Mastercard®*

BMO Rewards® Business Mastercard®*

The Best Travel Rewards Credit Card for small business owners, accepted anywhere. Earn up to 3 points per dollar on your purchases and use your card at Costco.

Take advantage of this limited-time welcome offer!

Value

$235

Welcome Bonus

35,000 points Ends Oct 31, 2021

Best For

Annual Fee

First Year Annual Fee Rebate (terms apply)


Our Review

Welcome Offer

The BMO Rewards® Business Mastercard®* is one of the best Business Mastercard credit cards with travel points in Canada.

You can earn a welcome bonus of 35,000 points after $5,000 in purchases, which is a $235 value for travel. In addition, the $120 annual fee is waived in the first year!

A BMO Rewards loyalty program card

Earn BMO Rewards points

With the BMO Rewards® Business Mastercard®*,you get 3 points for every dollar you spend on:

  • Gas
  • office supplies
  • cell phone/internet payments

And 1.5 points for every dollar you spend, Costco included!

Accepted at Costco

You can earn 1.5 points for every dollar you spend at Costco with the BMO Rewards® Business Mastercard®*.

Other BMO Rewards credit cards

Finally, you can combine the points you get with the two other BMO Rewards cards to save even more on your travels!

Redeeming BMO Rewards points

You can redeem BMO Rewards points in 5 different ways:

However, travel is the best redemption of BMO Rewards points.

BMO Rewards

Check out our ultimate guide to BMO Rewards to learn how to use your BMO Rewards points.

Insurance

The BMO Rewards® Business Mastercard®* offers a number of insurance benefits for:

  • your trips
  • your purchases

Insurance for your trips

The BMO Rewards® Business Mastercard®* offers a wide range of insurance coverage for your travels:

  • Insurance when renting a vehicle
  • Baggage and Personal Effects Insurance
  • Baggage insurance in case of delay
  • Trip Cancellation Insurance
  • Trip Interruption/Trip Delay
  • Departure flight delay insurance
  • Common Carrier Insurance

Insurance when renting a vehicle

The full cost, or a portion of the rental cost, must be charged to the BMO Rewards® Business Mastercard®* Account or paid through loyalty points earned under the Mastercard rewards program.

Maximum duration: 48 days.

Collision Damage Waiver

With the BMO Rewards® Business Mastercard®*, you are covered for the following risks associated with a Rental Vehicle with a Manufacturer’s Suggested Retail Price (MSRP) for the vehicle year not exceeding $65,000

  • damage to the Rental Vehicle;
  • theft of the Rental Vehicle, its parts or accessories;
  • charges levied by the rental agency as a result of valid loss of use while the Rental Vehicle is being repaired; and
  • the reasonable and customary costs of towing the Rental Vehicle to the nearest available facility
Rental Vehicle Accidental Death and Dismemberment Insurance

Rental Vehicle Accidental Death and Dismemberment Insurance provides coverage to an Insured Person who suffers a “loss” as a result of an Accidental Bodily Injury while occupying an eligible Rental Vehicle.

The maximum benefit payable for any one accident is $300,000.

Insurance of personal and business effects when renting a vehicle

This insurance covers theft of or damage to the Insured Person’s Personal Effects or Business Property accompanying the Insured Person when such Personal Effects or Business Property are inside the Rental Car during a Trip while on an eligible rental period.

The benefit provided during an eligible rental period is the Actual Cash Value of Your Personal Effects and/or Business Property up to a maximum of $1,000 per Insured Person per loss. The total amount of benefits per rental period cannot exceed $2,000 per BMO Rewards® Business Mastercard®* Account .

Baggage and Personal Effects Insurance

This insurance covers the Actual Cash Value of Baggage and/or Business Property up to $1,000 in the aggregate per Insured Person for the following

  • The disappearance of, theft of, or damage to Baggage or Business Property that You have with You during the Trip. Coverage is limited to $500 per item.
  • The disappearance, theft, or damage of photographic equipment during the Trip. All photographic equipment is considered one item. Coverage is limited to $500 per item.
  • Loss, theft or damage to jewellery during the Trip. All the jewellery is considered as one item. Coverage is limited to $500 per item.

Baggage insurance in case of delay

You will be reimbursed for the purchase of basic necessities due to a delay of more than 6 hours of Your Checked Baggage by the Common Carrier, during the Trip to Your destination and before the return to Your point of departure. Purchases must be made within 36 hours of Your arrival at Your destination.

The benefit amount for Baggage Delay Coverage is $500 per Trip to a maximum of $2,000 per calendar year.

Trip Cancellation Insurance

Coverage applies only when you pay for all or part of the cost of your trip with the Cardmember’s BMO Rewards® Business Mastercard®* prior to your departure.

The portion of the prepaid trip that is non-refundable or cannot be rescheduled will be reimbursed to you, up to a maximum of $2,500 per Insured Person, to a maximum of $5,000 per Account.

Trip Interruption/Trip Delay

Coverage applies only when you pay for all or part of the cost of your trip with the Cardmember’s BMO Rewards® Business Mastercard®* prior to your departure.

You will be reimbursed for the extra cost of a one-way economy airfare to your departure or destination and the non-refundable, unused portion of your ground transportation benefits, up to a maximum of $2,000 per Insured Person.

Departure flight delay insurance

Coverage applies only when you pay for all or part of the cost of your trip with the Cardmember’s BMO Rewards® Business Mastercard®* prior to your departure.

Flight delay coverage provides compensation if the arrival or departure of your scheduled flight is delayed by more than 4 hours. You will be reimbursed up to a maximum of $500 per Account per trip for reasonable additional expenses incurred for accommodation and travel.

Common Carrier Insurance

The Amount of indemnity in respect of an Insured Person whose coverage has become effective shall not exceed $500,000.

Insurance for your purchases

Purchase insurance

Most items are automatically covered for 90 days from the date of purchase with the BMO Rewards® Business Mastercard®*.

This insurance protects against theft or damage to an insured item anywhere in the around the world. The total throughmaximum coverage that can apply to Purchase Security and Extended Warranty is $60,000 per Account.

Extended Warranty Insurance

This insurance provides an extension of the original manufacturer’s warranty for up to one year.

The total throughmaximum coverage that can apply to Purchase Security and Extended Warranty is $60,000 per Account.

Offer

Offer
  • Welcome Offer: Get 35,000 points and the $120 annual fee waived in the first year.* That’s a total value of $295 when you pay with points.*
  • Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments*
  • Earn 1.5 BMO Rewards points for every $1 you spend*
  • You can now use your BMO Mastercard at Costco stores across Canada

Fees & Conditions

Annual Fee $120
First Year Annual Fee Rebate
Foreign Transaction Fee 2.5%
Purchase Rates 14.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%

Advantages

Offer ends on Oct 31, 2021
Welcome Bonus 35,000 points
Minimum Spending Required $5000
Minimum Spending Timeframe 90 day(s)
Rewards Type Travel points
Transfer Partners BMO Rewards
Loyalty Program BMO Rewards
Costco

Value

Value

We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)

 

Calculation of the offer value
in the first year
Value per point 0.67 ¢
Welcome bonus approximately $235
Annual fee $0
Value approximately $235

 

Insurance

Common Carrier Travel Accident Insurance Amount $500000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Trip Cancellation Insurance Amount Per Person $2500
Trip Interruption Insurance Amount Per Person $2000
Auto Rental Loss/Insurance - Amount MSPP $65000
Purchase Protection
Extended Warranty
Insurance Document Learn More
4 Milesopedia Rating