BMO Rewards

Earn Points

The Bank of Montreal (BMO) offers 5 credit cards within the BMO Rewards program.

Carte BMO eclipse Visa Infinite*

The BMO eclipse Visa Infinite* Card is one of the best Visa Infinite rewards credit cards in Canada. Its welcome offer lets you earn up to 70,000 BMO Rewards points, for a total value of up to $1,150*.

It also includes a monthly statement credit for streaming services, an annual $50 lifestyle credit, and no annual fee for the first year (a $120 value)*.

With the BMO eclipse Visa Infinite* Card, you also get:

• 5x BMO Rewards points for every dollar spent on groceries, meal delivery or takeout, rideshare, public transit, and gas*
• 1 BMO Rewards point for every dollar spent on all other purchases*
• 10% more points when you add an authorized user to your account*
• Mobile device insurance offering coverage up to $1,000*
• The Pay with Points feature, which allows you to redeem your points on recent purchases starting at $1*
• Six months of Instacart+ membership plus a monthly $10 Instacart credit with an eligible card*

Carte BMO eclipse Visa Infinite Privilege*

The BMO eclipse Visa Infinite Privilege* Card is a premium metal card! By applying for this card, you can earn up to 200,000 BMO Rewards points:

• 80,000 points after $6,000 in purchases within the first 110 days of account opening
• 40,000 points after $40,000 in purchases within the first 180 days of account opening
• 80,000 points after $75,000 in purchases within the first 365 days of account opening

Additionally, you benefit from a 0% welcome interest rate on balance transfers for 12 months, as well as a 2% balance transfer fee.

Plus, you’ll receivea $200 anniversary credit to use as you wish!

As well as a membership to the Visa Airport Companion program with six complimentary visits per year to airport lounges.

With this Card, you can earn 5 BMO Rewards points per dollar spent on:

• Groceries
• Gas
• Drugstores
• Travel
• restaurants and bars
• Food delivery

And 1 BMO Rewards point per dollar spent everywhere else.

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.

Finally, enjoy six months of Instacart+ membership and a monthly $10 Instacart credit when you sign up with your eligible BMO credit card.

Carte BMO eclipse rise Visa*

The new BMO eclipse rise Visa* Card is a no-annual-fee credit card with travel points, requiring no minimum income.

With this offer, you can earn up to 25,000 points as a welcome bonus:

• 20,000 points after $1,500 in purchases in the first 3 months
• 2,500 points when you redeem 12,000 points with the Pay with Points option over a 12-month period
• 2,500 points when you pay the balance on time for 12 months

What’s more, you can benefit from an interest rate of 0.99% on balance transfers for nine months (a 2% balance transfer fee applies).

With the new BMO eclipse rise Visa* Card, you earn :

• 5 points for every two dollars spent on recurring bill payments
• 5 points for every two dollars spent at the grocery store
• 5 points for every two dollars spent at restaurant and for takeaway
• 1 point per two dollars of purchases for all other purchase categories

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.

The new BMO eclipse rise Visa* Card also offers:

• Mobile Device Insurance
• Purchase Protection
• Extended warranty insurance

Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.

Carte Mastercardᴹᴰ* BMO Ascendᴹᴰ World Eliteᴹᴰ*

The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard travel rewards credit cards in Canada. With our welcome offer, you can get up to 100,000 BMO Rewards points, for a total value of up to $1,600.

Plus, there’s no annual fee in the first year for the primary cardholder and additional cardholders, and you benefit from a 0% introductory interest rate on balance transfers for 12 months (with a 2% balance transfer fee).

With the BMO Ascend World Elite Mastercard, you get:

• 5 points per dollar on eligible travel*
• 3 points per dollar on eligible dining, entertainment, and recurring bill payments*
• 1 point per dollar on all other purchases*

The card also offers:

• 4 complimentary airport lounge accesses per year via Mastercard Travel Pass provided by DragonPass*
• comprehensive travel insurance, including emergency medical coverage up to $5 million for 21 days*
• A NEXUS statement credit in the first year*
• Six months of Instacart+ membership plus a monthly $10 Instacart credit with an eligible card*

Carte Mastercardᴹᴰ* BMO Ascend World Eliteᴹᴰ* pour entreprise

The BMO Ascend World Elite Business Mastercard is one of the best travel points-based Business Mastercard® credit cards in Canada. You can earn up to 100,000 points as a welcome bonus:

• 20,000 points on your first purchase within 75 days of account opening;
• 8,000 points per month when you spend at least $3,000 per monthly period, from the 3rd to the 12th month following account opening (for a total of 80,000 points).

Plus, there’s no annual fee for the first year! And you get 2 free annual visits to DragonPass airport lounges.

You can also benefit from a welcome interest rate of 0% on balance transfers for nine months (a 3% transfer fee applies).

With the BMO Ascend World Elite®* Business Mastercard, you earn 4 points for every dollar spent on:

• gas purchases
• office supplies
• cell phone/internet payments

And 1.5 points for every dollar you spend, including at Costco or for significant purchases at home improvement stores.

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.

Additionally, you can combine the points earned with the two other BMO Rewards cards to save even more on your travel.

With the BMO Rewards® World Elite®* Business Mastercard® for Business, you benefit from various travel protections:

• Collision Damage Waiver Insurance
• Personal and Business Effects in a Rental Vehicle
• Accidental Death or Dismemberment in a Rental Vehicle
• Baggage and Personal Effects
• Baggage insurance in case of delay
• Flight Cancellation
• Trip Interruption or Delay
• Flight delay
• Common Carrier Accident

And for your purchases :

• Extended Warranty
• Purchase Protection

Great cards for Costco!

Both BMO Mastercard credit cards are accepted for all your purchases at Costco: you can therefore earn BMO Rewards points!

Redeem Points

Redeem your BMO Rewards Points for travel

Le gros avantage des points BMO Récompenses: aucune date d’interdiction & aucune restriction.

Vous pouvez donc vous-même réserver vos voyages via vos points BMO Récompenses.

Unlike a loyalty program such as Aeroplan or AIR MILES, you are not limited to restricted seat availability on a flight or room quotas.

BMO Rewards points can be used for different types of travel booked with your BMO credit card through the travel agency or website of your choice:

To use your BMO Rewards points, you will need to go to the BMO Rewards platform.

In all these cases, the value of your BMO Rewards points will be 15,000 points = $100 (or 0.67¢/point). And this is the highest value you can get from them!

BMO Rewards Price Guarantee

If you can’t find what you’re looking for on the online portal, you can call BMO Rewards.

But you can also take advantage of the price guarantee!

Several rules are governing this price guarantee. BMO will match the price for most Canadian travel providers:

Redeem BMO Rewards points for investments/statement credit

After travel, the second-best BMO Rewards points redemption is through a BMO investment account. Not yet a BMO banking customer? Get a welcome offer with one of these BMO Banking Packages.

Here, 15,000 points = $100 (or 0.67¢/point).

However, we strongly advise against using your points as a statement credit: the rate is far from advantageous: 15,000 points = $50 (or 0.33¢/point).

Redeem BMO Rewards points for Gift cards

Another option for using BMO Rewards points is for purchasing gift cards.

Here, BMO Rewards points value is variable:

On average, here 10,000 points = $54 (or $0.54/point).

Products with BMO Rewards Points

Like any loyalty program, BMO Rewards has its merchandise store.

But, as we say in travel hacking:

… here we compared a product, the Breville « Smart Oven Air » sold for 90,000 BMO Rewards points.

This same oven costs $599 + taxes on Best Buy / Amazon, or $688.70 in Quebec. This makes a valuation of 10,000 points = $76.52 (or 0.765 ¢).

Surprisingly, you find more value in buying this item than through travel! The exception confirming the rule?

After several valuation attempts, we found that the value varies greatly from one product to another (between 0.30¢ and 0.80¢!).

It will be up to you to test for your desired products!

Redeem BMO Rewards Points for experiences

Finally, you can use your BMO Rewards points for experiences!

This option applies to only a few cities in Canada. When writing this post, the only one in Quebec is in Mont-Tremblant.

64,500 BMO Rewards points for a getaway for two at Le Grand Lodge Mont-Tremblant resort:

Compared to rates found on the web, this values 10,000 points = $62 (or 0.62¢/point).

Summary

In summary, here is a table of your different options:

As you can see, the valuation of your BMO Rewards points can vary greatly.

One thing’s for sure: don’t use them for Statement credit – it’s the worst possible use!

If you don’t travel, you may prefer to put these points in an investment account, or exchange them for experiences or even merchandise/gift cards!

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