BMO Rewards® Mastercard

Welcome Bonus

Get 10,000 points when you spend $1,000 in the first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee

N/A

Annual Fee

$0

Annual Rewards

1x Point

N/A

Rewards on Approval

N/A

Purchase Rates

20.99%

Cash Advance Rates

22.99%

Balance Transfer Rates

N/A

Table of Contents

The BMO Rewards® Mastercard is a credit card issued by the Bank of Montreal (BMO) that offers a range of features and benefits to cardholders. With this card, users can earn BMO Rewards points on eligible purchases, which can be redeemed for various rewards such as travel, merchandise, and gift cards. The card provides flexibility in terms of travel rewards, allowing for bookings on any airline with no blackout periods. Additionally, the card offers purchase protection, extended warranty coverage, and travel and medical insurance benefits. With its user-friendly online platform and wide acceptance, the BMO Rewards® Mastercard provides a convenient and rewarding experience for cardholders.

Pros

  1. Flexible Rewards: The BMO Rewards® Mastercard offers a flexible rewards program where cardholders can earn BMO Rewards points on their everyday purchases. These points can be redeemed for travel, merchandise, and gift cards, providing cardholders with a range of options to choose from.

  2. Travel Benefits: The card's travel rewards program allows users to book flights, hotels, car rentals, and vacation packages using their BMO Rewards points. There are no blackout periods, giving cardholders the freedom to travel whenever they want. Additionally, the card covers taxes and fees associated with travel bookings, reducing out-of-pocket expenses.

  3. Purchase Protection and Extended Warranty: Cardholders enjoy purchase protection, which covers eligible items against theft or damage for a certain period after purchase. The extended warranty feature extends the manufacturer's warranty on eligible items, providing added peace of mind.

  4. Travel and Medical Insurance: The BMO Rewards® Mastercard provides travel and medical insurance coverage, including emergency medical coverage, trip cancellation and interruption insurance, and rental car collision damage waiver coverage. These insurance benefits can be valuable for frequent travelers or individuals planning a trip.

  5. User-Friendly Online Platform: Cardholders can conveniently manage their BMO Rewards® Mastercard account online. They can access account information, make payments, view statements, and track their rewards points easily through the user-friendly online platform.

Cons

  1. Annual Fee: The BMO Rewards® Mastercard may come with an annual fee, depending on the specific card variant and the cardholder's eligibility. It's important to consider this fee when evaluating the overall value of the card.

  2. Interest Charges: If cardholders carry a balance on their BMO Rewards® Mastercard, they will incur interest charges. It's essential to pay off the balance in full each month to avoid these charges.

  3. Transaction Fees: Certain transactions, such as cash advances or balance transfers, may incur additional fees. Cardholders should be aware of these fees and consider them when using the card for such transactions.

  4. Limited Acceptance: While Mastercard is widely accepted globally, there might be some establishments or regions where acceptance of the BMO Rewards® Mastercard may be limited. Cardholders should check the acceptance of the card at their desired locations before relying on it for payments.

  5. Eligibility Requirements: The BMO Rewards® Mastercard may have specific eligibility requirements, including creditworthiness and income criteria. Some applicants may not meet these requirements, limiting their access to the card.

Details & Eligibility

  • 680 - 800
  • N/A
  • N/A
  • $0
  • N/A
  • Mastercard
  • No
  • 20.99%
  • 22.99%
  • N/A
  • N/A
  • 0.99%
  • N/A

The BMO Rewards® Mastercard is a credit card that offers a range of features and benefits to cardholders. Issued by the Bank of Montreal (BMO), this card is designed to provide flexibility, rewards, and convenience to its users.

One of the key features of the BMO Rewards® Mastercard is its rewards program. Cardholders earn BMO Rewards points for every dollar spent on eligible purchases. These points can be redeemed for a variety of rewards, including travel, merchandise, gift cards, and more. The redemption options give cardholders the freedom to choose rewards that align with their preferences and lifestyle.

The BMO Rewards program offers flexibility when it comes to travel rewards. Cardholders can use their points to book flights, hotels, car rentals, and vacation packages. The program allows for travel bookings on any airline with no blackout periods, giving users the freedom to travel when and where they want. Furthermore, points can also be used to cover taxes and fees associated with travel bookings, reducing out-of-pocket expenses.

In addition to travel rewards, the BMO Rewards® Mastercard offers a variety of other redemption options. Cardholders can use their points to shop for merchandise from a wide selection of items, including electronics, home goods, fashion, and more. Alternatively, points can be exchanged for gift cards from popular retailers and restaurants, providing additional flexibility in how rewards are utilized.

The BMO Rewards® Mastercard also comes with a range of benefits designed to enhance the cardholder’s experience. One such benefit is purchase protection, which provides coverage against theft or damage for eligible items purchased with the card. Extended warranty protection extends the manufacturer’s warranty on eligible items, giving cardholders added peace of mind.

The card also offers travel and medical insurance coverage. This includes emergency medical coverage, trip cancellation and interruption insurance, as well as rental car collision damage waiver coverage. These insurance benefits can be valuable for frequent travelers or individuals planning a trip.

In terms of convenience, the BMO Rewards® Mastercard provides a secure and easy-to-use platform for managing your account. Cardholders can access their account information online, make payments, view statements, and track their rewards points. Additionally, the card is widely accepted both domestically and internationally, allowing users to make purchases wherever Mastercard is accepted.

It’s worth noting that specific terms, conditions, and fees apply to the BMO Rewards® Mastercard, and it’s important for potential cardholders to review these details before applying. Fees may include an annual fee, interest charges on balances carried, and other transaction fees. Understanding the terms and conditions will help individuals determine if the card aligns with their financial needs and goals.

Overall, the BMO Rewards® Mastercard offers a comprehensive package of rewards, benefits, and convenience. From its flexible rewards program and travel options to purchase protection and insurance coverage, the card aims to provide value to cardholders. Whether you’re looking for travel rewards, merchandise, or other redemption options, this card offers a range of choices and benefits to enhance your financial journey.

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