Bank of Montreal Credit cards for december 2024

Apply for a BMO Credit Card. On 10.12.2024 you have access to 12 credit cards. Increase your chances of getting money — fill out a multi-application with a free credit rating check.
Offers: 12
Updated
01.12.2022
13:31
Bank of Montreal
BMO U.S. Dollar Mastercard®
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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Bank of Montreal
BMO Ascend™ World Elite® Mastercard®
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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Bank of Montreal
Student BMO AIR MILES®† Mastercard®
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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Rate
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Effective interest rate on the product

21.99% - 22.99%
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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Rate
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Effective interest rate on the product

12.99% - 15.99%
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
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Effective interest rate on the product

21.99% - 22.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
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Effective interest rate on the product

21.99% - 23.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

21.99% - 23.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

21.99% - 23.99%
BMO credit cards calculator
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Interest rates are given in accordance with the rates of the Bank of Montreal of 10.12.2024
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Credit Card Application Online of December 2024

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Types of credit cards

  • No-fee credit cards. Select credit cards from BMO feature no annual fee, a 20.99% interest rate for purchases, and 22.99% for cash advances. In addition, these cards allow you to earn cash back points, Air Miles, and or BMO rewards.

  • Low-interest credit cards. For clients looking for low-interest rates or low annual fees, BMO offers a selection of specialized credit cards. The select cards feature competitive introductory interest rates and an opportunity to waive annual fees for the first year. On the whole, interest rates for purchases are starting from 12.99% and for cash advances - from 15.99%. The annual fees range from $6.95 to $35.

  • Cash back credit cards. If you make frequent purchases, consider cash back credit cards from BMO. These cards offer higher introductory cash back amounts for the first 3 months. Other perks include introductory interest rates and waived annual fees for the first year. The regular interest rate for purchases is 20.99% and for cash advances — 22.99%-23.99%.

  • BMO rewards credit cards. With BMO reward credit cards, you can earn reward points per dollar spent and redeem them further for travel-related expenses like flights, hotels, car rentals, cruises, and vacation packages. These cards feature a 20.99% interest rate on purchases and 23.99% on cash advances.

  • AIR miles credit cards. For frequent travelers, AIR miles credit cards from BMO can be an attractive solution. Earn the reward miles on every purchase you make and redeem them for travel expenses, gift cards, merchandise, or entertainment items. These cards have zero to $120 annual fees (with an opportunity to waive the fees in the first year). The interest rate for purchases is 20.99% and for cash advances — 22.99%-23.99%.

  • Lifestyle and travel credit cards. With BMO lifestyle and travel credit cards, you can earn BMO rewards and AIR miles on a wide range of purchases — gas, groceries, dining out, and much more. Most of these cards offer attractive introductory reward points or AIR miles amounts and an opportunity to waive annual fees for the first year. The interest rate for purchases is 20.99% and for cash advances — 22.99%-23.99%. The annual fee can reach $499.

  • Student credit cards. For students, BMO offers credit card options with no annual fees and higher introductory cashback and BMO rewards amount. These cards feature a 20.99% interest rate on purchases and 22.99% on cash advances.

  • Credit cards for newcomers to Canada. If you are new to Canada and have no credit history there yet, consider credit cards for newcomers from BMO. These cards feature no monthly fees, a 1.99% introductory interest rate on Balance Transfers for the first 9 months, and higher introductory cash back or AIR miles amounts. The regular interest rate for purchases is 20.99% and for cash advances — 22.99%.

How to open a credit card

You can apply for a credit card online, which is quick and easy. Once you have chosen the right credit card option, hit the “Apply button” next to its description and fill in an online application form.

Requirements

To be eligible for a BMO credit card, you must be a Canadian citizen or a permanent resident of the age of majority in your province or territory. As for your credit history, having declared bankruptcy in the last 7 years is not acceptable.

When applying for a credit card, you will need to provide the following information:

  • Your personal information (your first name, your last name, and your date of birth)

  • Your contact information (email and phone number)

  • Your address

  • Your Social Insurance Number

  • Your employment status

  • Your position

  • Your company name

  • Your sources of income

  • Your annual income

Pros and cons

BMO credit cards have the following advantages:

  • 3 reward programs to choose from

  • Attractive introductory rates and reward amounts

  • Easy management of your credit card account through online and mobile banking

  • Credit card comparison tool on the BMO website to compare up to 3 credit card options

Here are the disadvantages to be aware of:

  • Special rates and offers may come with spending minimums and other conditions that are hard to meet

  • Most credit cards come with foreign transaction fees

How to make a payment

You can pay your BMO credit card through online or mobile banking by transferring funds in the amount of payment from your other BMO account to your BMO credit card. To avoid late payment fees, you can set up auto payments on a schedule you need.

Alternatively, you can pay by phone using this credit card payment phone number: 1-800-263-2263.

You can also pay your BMO credit card in person at a BMO branch near you.

FAQ

What if I exceed my credit card limit?

Going over your credit limit will most likely result in an over-limit fee on your next billing cycle. Besides, exceeding your credit card limit may negatively affect your credit rating.

How do I redeem my cashback?

You are free to redeem your cash back points at any time for just $1. Or, you can set up a recurring redemption starting at $25 and have your cash back deposited into your chequing, savings, or InvestorLine account.

What to redeem BMO reward points for?

You can use the collected BMO reward points in the following ways:

  • Pay for travel-related expenses such as flights, vacation packages, or car rentals

  • Purchase something from a catalog of products and gift cards

  • Redeem the points to contribute to your savings or investment account

  • Use the points to pay for eligible purchases