Earn points
Bank of Montreal (BMO ) offers five credit cards for the BMO Rewards program.
BMO eclipse Visa Infinite* Card
When you sign up for our exclusive offer on the BMO eclipse Visa Infinite* Card, you can earn up to 70,000 BMO Rewards points as well as a$120 annual fee waiver for the first year:
- 40,000 points after $3,000 in purchases in the first three months
- 30,000 points at annual renewal if you have made $25,000 in purchases with the card in the first 12 months
Plus, you’ll get a $50 annual lifestyle credit – per calendar year – to spend however you want.
With the BMO eclipse Visa Infinite* Card, you can earn 5 BMO Rewards points per dollar spent on:
- Groceries
- Dining
- Food delivery
- Gas
- Transit
And 1 BMO Rewards point for every $1 spent on everything 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 (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
The New BMO eclipse Visa Infinite Privilege* Card
The BMO eclipse Visa Infinite Privilege* Card is a premium metal card! With this card, you can earn up to 120,000 BMO Rewards points:
- 50,000 points when you spend $6,000 in the first 3 months
- 30,000 points after $30,000 in card purchases in the first six months
- 40,000 points at annual card renewal if you have made $75,000 in card purchases in the first 12 months
Plus, you’ll get a $200 annual lifestyle credit – per calendar year – to spend however you want.
As well as a Visa Airport Companion membership with 6 complimentary airport lounge visits per year.
With this Card, you earn 5 BMO Rewards points per dollar of purchases for:
- Groceries
- Gas
- Drugstores
- travel purchases
- Dining
- Food delivery
And 1 BMO Rewards point for every $1 spent on everything else.
You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
BMO eclipse rise Visa* Card
The new BMO eclipse rise Visa* Card is a no-annual-fee travel rewards credit card with no minimum income required.
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 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with points
- 2,500 bonus points for paying your full credit card balance on time for 12 consecutive months
Moreover, you can get a 0.99% introductory interest rate on Balance Transfers for 9 months (a 2% fee applies to balance amounts transferred).
With the new BMO eclipse rise Visa* Card, you get :
- 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 in dining and takeout purchases
- 1 point per two dollars spent on everything else
You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, 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
BMO Ascend World Elite Mastercard
The BMO Ascend World Elite Mastercard is one of the best World Elite Mastercard credit cards with travel points in Canada. With our exclusive offer, you can get up to 100,000 bonus points:
- 55,000 points after $4,500 in Card purchases in the first 3 months
- 3,750 points per month after $2,500 in monthly purchases from the 4th to the 15th month (up to 45,000 points)
Plus, the annual fee is waived in the first year for both the primary cardholder and authorized users.
With the BMO Ascend World Elite Mastercard, a premium credit card from BMO, you get:
- 5 points per dollar on travel purchases
- 3 points per dollar on dining purchases
- 3 points per dollar for entertainment purchases
- 3 points per dollar on recurring bill payments
And 1 point for every $1 spent everywhere else, including at Costco. You can use BMO Rewards points for all travel purchases made through the agency or website of your choice (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
The BMO Ascend World Elite Mastercard also offers:
- Four annual complimentary passes to airport VIP lounges
- Excellent Premium insurance for your travels or purchases
- a premium concierge service
BMO Rewards® World Elite®* Business Mastercard®*
The BMO World Elite®* Business Mastercard®* is one of Canada’s best travel points Mastercard for Business credit cards. You can earn up to 70,000 points as a welcome bonus:
- 50,000 points after you spend $5,000 in the first 3 months
- 20,000 points after you spend $35,000 in the first twelve months
Plus, there is no annual fee for the first year! And you get 2 free visits a year to DragonPass airport lounges.
You can also enjoy a 0% introductory interest rate on balance transfers for nine months (with a 3% transfer fee).
With the BMO World Elite®* Business Mastercard®*, you earn 4 points per dollar spent on:
- gas purchases
- office supply purchases
- 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 (flights, hotels, car rentals, all-inclusive resorts, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
You can also combine the points you earn with the other two BMO Rewards cards to save even more on your travels.
With the BMO World Elite®* Business Mastercard®*, you get many travel insurance coverages:
- Collision Damage Waiver
- Car Rental Personal Effects & Business Property
- Car Rental Accidental Death & Dismemberment
- Baggage & Personal Effects
- Baggage insurance in case of delay
- Flight Cancellation
- Trip Interruption/Trip Delay
- Flight delay
- Common Carrier Insurance
And for your purchases :
- Extended Warranty
- Purchase Protection
Great cards for Costco!
Both BMO Mastercard credit cards are accepted for all your Costco purchases, so you can earn BMO Rewards points!
Redeem points
Redeem your BMO Rewards Points for travel
The most significant advantage of BMO Rewards points: there are no blackout periods.
You can redeem your BMO Rewards points anytime.
Unlike a loyalty program like Aeroplan or AIR MILES, you can redeem anytime for flights, hotels, cruises and vacation packages.
BMO Rewards points can be used for various types of travel booked with your BMO credit card at the travel agency or website of your choice:
- flights
- Hotels
- Car rentals
- Cruises
- Vacation packages
- Airbnb
- etc.
To redeem your BMO Rewards points, you’ll need to use the BMO Rewards website.
In all of these cases, the value of your BMO Rewards points will be 15,000 points = $100 (or 0.67¢/point). And that’s the most value you can get out of them !
BMO Rewards Price Guarantee
You can call BMO Rewards if you can’t find what you want on the online portal.
But it is also possible to claim a price match guarantee!
Several rules are governing this price guarantee. BMO will match the price for most Canadian travel providers:
- Vacation Packages:Sunquest Vacations, ALBATours, TransatVacations, Nolitours, Signature Vacations, Air Canada Vacations, Sunwing and WestJet Vacations
- Airfare:Air Canada or WestJet
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).
On the other hand, we will totally advise you not to use 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 to redeem your BMO Rewards points is for gift cards.
Here, BMO Rewards points value is variable:
| Gift-card | Cost in points | Value of 1 point |
| Best Buy = $100 | 19 300 | ¢0.52 |
| Amazon / Costco = $100 | 20 300 | ¢0.49 |
| Indigo = $100 | 18 700 | ¢0.53 |
| Gap = $100 | 17 200 | ¢0.58 |
| Best Western = $100 | 17 500 | ¢0.57 |
On average, here 10,000 points = $54 (or $0.54/point).
Products with BMO Rewards Points
Like any loyalty program, you can redeem your BMO Rewards points for products.
But, as we say in travel hacking:
You don’t buy a toaster with your points!
Here, we made the comparison on a product, the “Four Smart Oven Air Breville” sold for 90,000 BMO Rewards points.
This same oven costs $599 plus 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 tests, we found that the value varies greatly from product to product (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 redeem 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:
- One night for 2 in a suite
- Breakfast for 2
- Bottle of wine
- Welcome cocktail
Compared to the rates spotted on the web, this values 10,000 points = $62 (or 0.62 ¢ per point).
Summary
Here is a table of your various options:
| Redemption | 10,000 points | Value of 1 point |
| Travel | $66.7 | ¢0.67 |
| Investment | $66.7 | ¢0.67 |
| Experiences | $62 | ¢0.62 |
| Merchandise | $60 | ¢0.60 |
| Gift cards | $54 | ¢0.54 |
| Credit on Account | $33.3 | ¢0.33 |
As you can see, the value of your BMO Rewards points can vary greatly.
One thing is for sure: do not use them for a statement credit; it is the worst possible redemption!
If you don’t redeem your points for travel, use it for investments, experiences or even gift cards.
Video
FAQ
What are BMO Rewards points?
BMO Rewards is Bank of Montreal’s (BMO) loyalty program. Points earned are called BMO Rewards points. These BMO Rewards points can be redeemed for travel, merchandise or gift cards through the BMO Rewards portal.
How do I earn BMO Rewards points?
There are five BMO Rewards Credit Cards, including one business credit card.
According to offers, each one gives you some welcome bonus points. You’ll earn points depending on your purchases charged to the credit card. Depending on your buyer profile, some cards will be more suitable than others.
For example, the BMO eclipse Visa Infinite* Card offers 5 points for every dollar spent on purchases:
- Dining
- Food delivery
- Gas
- Transit
- Groceries
Finally, other BMO Rewards credit cards are Mastercard, so it’s a good idea to use them at Costco. Take the time to read through the benefits of each card to match your needs.
How much is a BMO Rewards point worth?
Each BMO Rewards point is worth approximately 0.7 cents. So if you have 50,000 points, it’s a $350 value.
What are BMO Rewards points used for?
You can redeem BMO Rewards points in 5 different ways:
- Travel
- Investments
- Experiences
- Products
- Gift cards
- Credit on Account
However, the best use is for travel. Here’s the approximate value of 10,000 BMO Rewards points based on the type of redemption:
| Redemption | Value |
| Travel | $71.4 |
| Investments | $66.7 |
| Experiences | $62 |
| Products | $60 |
| Gift cards | $54 |
| Credit on Account | $33.3 |
Can BMO Rewards points be transferred to another program?
BMO Rewards points cannot be transferred to another program.
Do BMO Rewards points expire?
As long as a BMO Rewards credit card is open, the points are valid. After the account is closed, you have 90 days to use them.
What is the Best Price Guarantee at BMO Rewards?
BMO has a best price guarantee for most Canadian travel suppliers: Vacation Packages: Sunquest Vacations, ALBATours, Transat Holidays, Nolitours, Signature Vacations, Air Canada Vacations, Sunwing Vacations, and WestJet Vacations. And airline tickets: Air Canada or WestJet.
Is there an annual fee for BMO Rewards credit cards?
Some BMO Rewards credit cards have no annual fee, some are waiving the first-year annual fee and some not.
What’s more, there are minimum annual income requirements to apply for some cards(BMO Ascend World Elite Mastercard), while others are available to all, such as the With select BMO Rewards Credit Cards, you get great insurance for travel or purchases, as well as extended warranties depending on the credit card you choose. You can also get free access to airport VIP lounges. What are the other benefits of BMO Rewards credit cards besides points?
How do I apply for a BMO Rewards credit card?
As with most Canadian credit cards, Milesopedia is affiliated with Bank of Montreal (BMO). You can filter your search in the Credit Card Comparison Page, or go to the BMO Credit Cards page.