Bank of Montreal (BMO ) offers five credit cards for the BMO Rewards program.
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:
Moreover, you’ll receive a $50 anniversary credit to use as you wish!
With the BMO eclipse Visa Infinite* Card, you can earn 5 BMO Rewards points per dollar spent on:
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 theagency or website of your choice (airline tickets, hotels, car rentals, all-inclusives, Airbnb, etc.) or for rewards and gift cards on the BMO Rewards platform.
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:
Plus, you’ll receivea $200 anniversary credit to use as you wish!
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:
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.
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:
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 :
The new BMO eclipse rise Visa* Card also offers:
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:
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:
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:
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:
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:
And 1.5 points for every dollar you spend, including at Costco or for significant purchases at home improvement stores.
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 Rewards® World Elite®* Business Mastercard® for Business, you benefit from various travel protections:
And for your purchases :
Both BMO Mastercard credit cards are accepted for all your Costco purchases, so you can earn BMO Rewards points!
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:
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 !
If you decide to cancel your car rental, BMO will make a statement credit on your credit card account (rather than a BMO Rewards points credit). An excellent way to redeem your BMO points for cash!
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:
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).
Another option to redeem your BMO Rewards points is for gift cards.
Here, BMO Rewards points value is variable:
On average, here 10,000 points = $54 (or $0.54/point).
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!
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:
Compared to the rates spotted on the web, this values 10,000 points = $62 (or 0.62 ¢ per point).
Here is a table of your various options:
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.
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.
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:
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.
Each BMO Rewards point is worth approximately 0.7 cents. So if you have 50,000 points, it’s a $350 value.
You can redeem BMO Rewards points in 5 different ways:
However, the best use is for travel. Here’s the approximate value of 10,000 BMO Rewards points based on the type of redemption:
BMO Rewards points cannot be transferred to another program.
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.
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.
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 What are the other benefits of BMO Rewards credit cards besides points?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.
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.
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.
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