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

10,000 points Ends Oct 31, 2021

Value

$67

Best For

Annual Fee

$0

Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

19.99 %


Our Review

Welcome Offer

The BMO® Rewards® Mastercard®* is one of the best no-fee credit cards in Canada.

For a limited time, you can earn 10,000 points as a welcome bonus.

A BMO Rewards loyalty program card

Earn BMO Rewards points

With the BMO® Rewards® Mastercard®*, you earn 1 point for every dollar spent, including at Costco!

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 for your purchases

Purchase insurance

Most items are automatically covered for 90 days from the date of purchase with the BMO® Rewards® 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 10,000 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 0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 22.99%
Cash Advance Rate (QC) 21.99%
Balance Transfer Rates 19.99%
Balance Transfer
Balance Transfer Intro Duration 9
Balance Transfer - Promotional Rate 1.99%

Advantages

Offer ends on Oct 31, 2021
Welcome Bonus 10,000 points
Minimum Spending Required $1,000
Minimum Spending Timeframe 90 day(s)
Rewards Type Travel points
Transfer Partners BMO Rewards
Loyalty Program BMO Rewards
All Spending 1
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 about $67
Annual fee $0
Value about $67

 

Insurance

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