BMO Rewards® Mastercard®

About BMO Rewards® Mastercard®

A BMO Rewards® Mastercard® is a no-fee credit card providing access to the BMO Rewards program. Along with reward-earning opportunities, this credit card provides discounts at BMO’s partner car rental agencies.

From time to time, there are welcome offers for a BMO Rewards® Mastercard® card at BMO, rewarding you with extra BMO Rewards points for spending certain amounts within a specific period and providing a lowered interest rate on balance transfers for a limited time.

BMO Rewards® Mastercard® features

A BMO Rewards® Mastercard® credit card features a 20.99% interest rate on purchases and a 22.99% interest rate on cash advances (21.99% for Quebec residents). With limited-time offers for new applicants, you can get a lowered interest rate on balance transfers for the first several months.

There is no annual fee for a BMO Rewards® Mastercard® credit card.

Limited-time offers for new BMO Rewards® Mastercard® applicants allow you to earn bonus BMO Rewards points for meeting the spending requirements within a given period. 

Along with introductory rewards, you can earn regular rewards for your everyday purchases. That is, every $1 spent with your BMO Rewards® Mastercard® credit card will bring you 1 BMO Rewards point.

The redemption opportunities for your BMO Rewards points include the following:

• Booking flights, hotels, car rentals, vacation packages, and cruises (with flight fees and taxes included)

• Buying merchandise and gift cards

• Making a contribution to a BMO savings or investment account 

• Applying points directly to eligible purchases

BMO Rewards® Mastercard® cardholders can get discounts at BMO’s partner car rentals, such as National Car Rental and Alamo Rent a Car.

With a BMO Rewards® Mastercard® credit card, you get the following insurance coverages:

• Up to 90-day purchase protection against theft or damage

• Extended warranty coverage increasing the original manufacturer’s warranty by up to 1 year

Pros and cons

The advantages of a BMO Rewards® Mastercard® credit card include the following:

• A zero annual fee

• Discounts at BMO’s partner merchants 

• An opportunity to redeem BMO Rewards for travel costs, including flight fees and taxes

• No yearly minimum income requirements to apply

• Contactless payment through digital wallets

• Credit card protection capabilities (the Mastercard Zero Liability Protection policy and ID Theft Protection™)

Here are the disadvantages to keep in mind:

• Few insurance coverages included

• The lack of exclusive benefits from Mastercard

How to apply for a BMO Rewards® Mastercard®

BMO accepts applications for a BMO Rewards® Mastercard® credit card online. To proceed, hit the “Apply now” button on the credit card description page and specify if you already have a BMO debit card and a Canadian address. Then, provide the following applicant information:

• Your first name

• Your middle name (optional)

• Your last name

• Your date of birth

• Your phone number

• Your address

• Your housing status

• Your monthly payment

• Month and year since you live there

• Your social insurance number (optional)

• Your employment status

• Your occupation category

• Your position

• The company name

• Month and year since you work there

• Work phone number

• Your sources of income

• Whether you want to add another cardholder

• Whether you want to add Optional BMO Credit Card Balance Protection Enhanced

Then, review the summary of your application, agree to the terms and conditions, and click “Confirm & apply” to complete your application.

Applying for a BMO Rewards® Mastercard® credit card involves no minimum annual income requirements.