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bmo rewards credit card offers

BMO Rewards: New Exclusive Credit Card Offers

To the point

Introducing the new exclusive offers from the Bank of Montreal (BMO) for the five BMO Rewards credit cards: up to 90,000 points!

BMO eclipse Visa Infinite* Card

When you sign up for our exclusive offer for the BMO eclipse Visa Infinite* card, you can earn up to 70,000 BMO Rewards points and have the$120 annual fee waived for the first year:

  • 40,000 points when you spend $3,000 in the first 3 months
  • 30,000 points twelve months after the Credit Card account open date after you spend a minimum of $25,000 within the first twelve 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.

Our opinion on this offer

BMO has decided to increase its official welcome offer for the BMO eclipse Visa Infinite* card from 40,000 to 60,000 points.

The offer we have is EXCLUSIVE to Milesopedia: 70,000 points, which is 10,000 points more than the one displayed on the BMO website.

The first portion of the offer is relatively easy to earn: 40,000 points after $3,000 in Card purchases within the first 3 months. The second part is for those who will use the card regularly: 30,000 points at Card renewal if they have spent $25,000 within the first 12 months.

To better explain the breakdown of the Welcome Bonus, here is a summary chart, including the required spending and points earned through that spending (based on purchase categories from 1 point to 5 points per dollar):

Month Purchases Category (1X or 5X) Bonus Total
1 $1,000 1,000 – 5,000 points 1,000 – 5,000 points
2 $1,000 1,000 – 5,000 points 1,000 – 5,000 points
3 $1,000 1,000 – 5,000 points 40,000 points 41,000 – 45,000 points
Total $3,000 3,000 – 15,000 points 40,000 points 43,000 – 60,000 points
4 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
5 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
6 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
7 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
8 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
9 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
10 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
11 $2,445 2,445 – 12,225 points 2,445 – 12,225 points
12 $2,445 2,445 – 12,225 points 30,000 points 32,445 – 42,225 points
Total $25,000 25,000 – 125,000 points 70,000 points 95,000 – 195,000 points

As you can see, during the first year, you will be able to get 70,000 bonus points, in addition to the points earned with your purchases. The condition is to respect the minimum amount to spend during the year.

This welcome offer is aimed at people charging close to $2,500 in monthly spending on the card. So let’s take this a step further by calculating the percentage return on your purchases since we know that a BMO Rewards point has a value of $0.00667 for travel rewards.

Month Purchases Category (1X or 5X) Bonus Total %
1 $1,000 $6.67 – $33.35 $6.67 – $33.35 0,67 – 3,33 %
2 $1,000 $6.67 – $33.35 $6.67 – $33.35 0,67 – 3,33 %
3 $1,000 $6.67 – $33.35 $267 $273.67 – $300.35 27 – 30 %
Total $3,000 $20 – $100 $267 $287 – $367 9,6 – 12,2 %
4 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
5 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
6 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
7 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
8 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
9 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
10 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
11 $2,445 $16.31 – $81.54 $16.31 – $81.54 0,67 – 3,33 %
12 $2,445 $16.31 – $81.54 $201 $16.31 – $81.54 0,67 – 3,33 %
Total $25,000 $167 – $834 $468 $635 – $1,302 2,54 – 5,20 %

As you can see, when you combine the Welcome Offer with your monthly spending on the BMO eclipse Visa Infinite* Card, you get an effective return of 2.54% to 5.20% on your spending during the first 12 months.

And if you only want to unlock the first tier of the bonus (40,000 points after $3,000 in purchases), you’ll get an effective return of about 10-12% on your purchases. Not so bad, right?

And don’t forget that this Card has a $50 annual credit that is automatically applied to the first purchase of $50 or more charged to the Card. This helps to reduce the annual fee to $70 instead of $120… each year!

BMO® World Elite®* Mastercard®*

The BMO® World Elite®* Mastercard®* is one of the best Mastercard credit cards with travel points in Canada. With our exclusive offer, you can earn a welcome bonus of up to 70,000 points, which is a $467 value for travel:

  • 40,000 points when you spend $3,000 in the first 3 months
  • 2,500 points per month after $2,000 in monthly purchases from the 4th to the 15th month, up to 30,000 points

Plus, the annual fee is waived in the first year for both the primary cardholder and authorized users.

With the BMO World Elite Mastercard, you get 3 points for every dollar spent on:

  • Travel
  • Dining
  • Entertainment

And 2 points for every dollar you spend, Costco included! You can use your points for travel purchases on the BMO Rewards website (flights, hotels, car rentals, all-inclusive). The BMO® World Elite®* Mastercard®* also comes with:

  • 4 complimentary passes to airport VIP lounges
  • Premium insurance for your travels or purchases
  • Concierge services

Finally, you can combine your points with the two other BMO Rewards cards to save even more on your travels!

Our opinion on this offer

BMO has decided to increase its official welcome offer for the BMO® World Elite®* Mastercard®* from 30,000 to 60,000 points.

The offer we have is EXCLUSIVE to Milesopedia: 70,000 points, which is 10,000 points more than the one displayed on the BMO website.

The first portion of the offer is relatively easy to earn: 40,000 points after $3,000 in Card purchases within the first 3 months. The second part is for those who will use the card regularly: 2,500 points per month after $2,000 in Card purchases starting in the 4th month.

To better explain the breakdown of the Welcome Bonus, here is a summary chart, including the required spending and points earned through that spending (based on the 2X or 3X categories):

Month Purchases Category (2X or 3X) Bonus Total
1 $1,000 2,000 – 3,000 points 2,000 – 3,000 points
2 $1,000 2,000 – 3,000 points 2,000 – 3,000 points
3 $1,000 2,000 – 3,000 points 40,000 points 42,000 – 43,000 points
Total $3,000 6,000 – 9,000 points 40,000 points 46,000 – 49,000 points
4 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
5 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
6 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
7 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
8 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
9 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
10 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
11 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
12 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
Total $21,000 42,000 – 63,000 points 62,500 points 104,500 – 125,500 points
13 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
14 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
15 $2,000 4,000 – 6,000 points 2,500 points 6,500 – 8,500 points
Total $27,000 54,000 – 81,000 points 70,000 points 124,000 – 151,000 points

As you can see, during the first year, you will be able to get 62,500 welcome bonus points, in addition to the points earned with your purchases. The condition being that you respect the minimum amount to spend each month.

If you wish to keep your card for a second year (which we recommend given the insurance and benefits offered such as airport lounge access), you can earn a total of 70,000 welcome bonus points, in addition to the points earned on your purchases during the first 15 months.

This welcome offer is clearly aimed at people who will spend $2000 monthly on the card. So let’s take this a step further by calculating the percentage return on your purchases since we know that a BMO Rewards point has a value of $0.00667 for travel rewards.

Month Purchases Category (2X or 3X) Bonus Total %
1 $1,000 $13.34 – 20.01 $13.34 – 20.01 1,33 – 2 %
2 $1,000 $13.34 – 20.01 $13.34 – 20.01 1,33 – 2 %
3 $1,000 $13.34 – 20.01 $267 $280,14 – $286,81 28 %
Total $3,000 $40 – $60 $267 $307 – $327 10,2 – 10,9 %
4 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
5 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
6 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
7 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
8 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
9 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
10 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
11 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
12 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
Total $21,000 $280 – $420 $417 $697 – $837 3,33 – 3,99 %
13 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
14 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
15 $2,000 $26.68 – $40.02 $16.68 $43.36 – $56.70 2,17 – 2,84 %
Total $27,000 $360 – $540 $467 $827 – $1,007 3,06 – 3,73 %

As you can see, when you combine the welcome offer with your monthly spending on the BMO® World Elite®* Mastercard®*, you get an effective return of 3-4% on your spending in the first 12 months.

And if you only want to unlock the first tier of the bonus (40,000 points after $3,000 in purchases), you’ll get an effective return of about 10-11% on your purchases. Not so bad, right?

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 90,000 BMO Rewards points:

  • 50,000 points when you spend $6,000 in the first 3 months
  • 40,000 points twelve months after the Credit Card account open date after you spend a minimum of $100,000 within the first twelve months

Plus, you’ll get a $200 annual lifestyle credit – per calendar year – to spend however you want. As well as a Priority Pass membership with 6 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.

BMO Rewards® Business Mastercard®*

The BMO World Elite Business Mastercard is one of the best small business travel credit cards in Canada. 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’ll get two complimentary airport lounge visits each year.

With BMO World Elite Business Mastercard, you earn 4 points for every dollar you spend on:

  • gas
  • office supplies
  • cell phone/internet payments

And 1.5 points for every dollar spent, including at Costco.

You can use your points for travel purchases on the BMO Rewards website (flights, hotels, car rentals, all-inclusive). Finally, you can combine the points you earn with the other two BMO Rewards cards to save even more on your travel.

With the BMO World Elite Business Mastercard, you get premium insurance:

  • Collision Damage Waiver
  • Car Rental Personal Effects & Business Property
  • Car Rental Accidental Death & Dismemberment
  • Baggage & Personal Effects
  • Baggage insurance in case of delay
  • Trip Cancellation Insurance
  • Trip Interruption/Trip Delay
  • Departure flight delay insurance
  • Common Carrier Insurance

And for your purchases :

  • Extended Warranty
  • Purchase Protection

BMO® Rewards® Mastercard®*

The BMO® Rewards® Mastercard®* is one of the best no-fee credit cards in Canada. For a limited time, you can get a welcome bonus of 15,000 points.

And you can also get a 1.99% introductory interest rate on Balance Transfers for 9 months.

Come to discuss that topic in our Facebook Group!

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