BMO Rewards® Mastercard®*

BMO Rewards® Mastercard®*

BMO's no-fee credit card with travel rewards. Get a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee with this offer!

Take advantage of this limited-time welcome offer!

Welcome Bonus

15,000 points Ends Dec 6, 2022

Best For

Value
Year 1

$227

Years 2 and +

$160

Annual Fee

$0

Interest rates
Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

19.99 %

Your Monthly Spending

Offer

Offer
  • Welcome Offer: Get 15,000 points when you spend $1,000 in the first 3 months.*
  • Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred*
  • Get 1 BMO Rewards point for every $1 spent*
  • Earn faster with additional cardholders

Fees & Conditions

Personal Income $15,000
Household Income $15,000
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 19.99%
Cash Advance Rate (QC) 21.99%
Balance Transfer
Balance Transfer Intro Duration 9 points
Balance Transfer - Promotional Rate 1.99%

Value

Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value
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

Offer ends on Dec 6, 2022
Welcome Bonus 15,000 points
Minimum Spending Required $1,000
Minimum Spending Timeframe 90 day(s)
Costco

Earnings

All Spending 1 point
Drugstores 1 point
Groceries 1 point
Convenience Stores 1 point
Gas 1 point
Telecom/Internet 1 point
Local Transport 1 point
Streaming services 1 point
Dining and Food delivery 1 point
Online transactions 1 point
Recurring Payments 1 point
Office Supplies 1 point
Travel 1 point
Entertainment 1 point

Insurance

Purchase Protection - Amount $60,000
Purchase Protection - Duration 90 day(s)
Extended Warranty
Extended Warranty - Duration 1 year
Insurance Document Learn More
3 Milesopedia Rating