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Here’s how to use BMO Rewards points step by step.
First, there are a few Bank of Montreal credit cards that offer BMO Rewards points:
The one used for this example is the BMO eclipse Visa Infinite* Card.
By signing up for our exclusive offer for the BMO eclipse Visa Infinite* Card, you can earn up to 80,000 BMO Rewards points and enjoy a waiver of the $120 annual fee for the first year.
What’s more, you’ll receive a $50 anniversary credit that you can use as you please.
With the BMO eclipse Visa Infinite* Card, you can earn 5 BMO Rewards points per dollar spent on:
And 1 BMO Rewards point per dollar spent everywhere else. Plus, if you add an authorized user to your account, you’ll earn 10% more points.
You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (plane tickets, hotels, rental cars, all-inclusive packages, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
BMO Rewards points are deposited into your BMO Rewards account within 2 to 3 business days after the transaction. So they’re ready to use in no time!
Book your trip however you like and pay for your purchase with your BMO Rewards credit card. This can be directly with merchants categorized as travel purchases, such as:
You have from the moment you incur the travel cost until 90 days after purchase to apply your points to that cost. 150 BMO Rewards points equals one dollar in credit on your credit card. So you get a $100 credit on your credit card in exchange for 15,000 points.
Go directly to the BMO Rewards website and log in to your account.
Alternatively, go to your online banking profile and select your BMO Rewards credit card. Go to the Rewards tab.
Then, click on Access BMO Rewards.
Click on the Pay with points section.
On this page, you will find all transactions eligible for points redemption. Depending on their type, they have a different exchange of points:
We recommend using BMO Rewards points on travel expenses, as these require fewer points. Depending on your situation or if you’re not travelling, redeeming points for other purchases can be convenient!
You can move the cursor to determine the number of points to apply to the exchange. When you are satisfied with the transaction, click on Redeem now.
A green BMO points redemption confirmation message will appear, certifying that the transaction has been successfully completed.
Then, the credit will magically appear in your card’s transactions within 3 to 5 business days.
Your BMO Rewards points can help with personal finance and investments! With the points you’ve accumulated, you can invest in a:
Alternatively, go to your online banking profile and select your BMO Rewards credit card. Go to the Invest tab.
For every 15,000 points redeemed, $100 will be invested into the eligible BMO account of your choice.
The minimum redeemable is 15,000 points. When you’re ready, click on Review to revise and confirm your choice.
In the Shop section, there are two categories:
Gift cards can be digital, physical, or prepaid. There are many kinds of shops, in many categories, to suit your taste.
The number of BMO points required may vary, but in general, you’ll need 23,000 BMO Rewards points for a $100 gift card.
Electronic gift cards are sent by email within 12 hours.Physical and prepaid gift cards are mailed within 4 weeks.
A multitude of items are available for purchase with points. A minimum of 80% in points is required. The rest must be paid with a BMO Rewards card.
The delivery time for merchandise by mail is 4 weeks.
For example, we have calculated a few items, including taxes and delivery:
Depending on your needs and preferences, you have several options for redeeming your BMO points.
Here’s how many points it takes to get $100 in value with your BMO Rewards points for:
You need fewer points to redeem for travel expenses, which is the best value for your BMO Rewards points!
BMO Rewards points can be very useful for treating yourself to items, investing, or giving gifts.
No. BMO Rewards points must be used within this program only. But you can pay for your flight yourself and use BMO Rewards points to reimburse it after.
Since August 2, 2022, it is no longer possible to make a booking on the BMO Rewards website. BMO now allows you to purchase the trip yourself and then redeem the points as described above to reduce costs.
If you need help booking travel or special activities, your BMO credit card concierge service is there to help:
Between $0.0043 and $0.0067, so one BMO Rewards point is worth 2/3 of a cent or less.
Depending on the type of exchange, points have a different value:
So here’s the value of a BMO Rewards Point:
The value is greater and the need for points is less if BMO Rewards points are used to reimburse travel expenses. It’s the best value!
Otherwise, there are other options such as:
One BMO point is worth a maximum of $0.0067, so 80,000 BMO Rewards points are worth $536 (80,000 x $0.0067). Check the value of your BMO points on our BMO Rewards program page by entering the number of points to automatically calculate their value.
Check the value of your BMO points on our BMO Rewards program page by entering the number of points to automatically calculate their value.
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