Best Bank of Montreal Credit Cards in Canada
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BMO offers 11 credit cards in total, one of which is sure to meet your needs.
If you love to travel, BMO has partnered with AIR MILES to offer 3 travel rewards credit cards that can help you save on your trips: the BMO SPC AIR MILES MasterCard (no annual fee), BMO AIR MILES MasterCard (no annual fee) and BMO AIR MILES World MasterCard ($99 annual fee). Each tier comes with more free miles in the sign-up bonus and helps you earn more AIR MILES with each purchase.
If you’d rather earn cash back with each purchase you make, BMO also offers 3 cash back credit cards: the BMO SPC CashBack MasterCard (no annual fee), BMO CashBack MasterCard (no annual fee) and BMO CashBack World MasterCard ($79 annual fee). The World MasterCard has an individual annual income requirement of $60,000 and gives you 1.25% cash back with every purchase you make.
BMO also offers 3 other credit cards that you may want to consider, including the BMO Preferred Rate MasterCard, which is a low interest credit card (17.5%) that also has no annual fee. You could also look at the BMO US Dollar MasterCard or Prepaid Travel MasterCard, if you cross over the border often enough.
The final 2 credit cards BMO offers are tied to their branded rewards program. The BMO Rewards MasterCard ($35 annual fee) and BMO World Elite MasterCard ($150 annual fee) let you earn BMO Rewards points, which can be redeemed for travel or merchandise, or can even be put towards a BMO investment account. The BMO World Elite MasterCard comes with a $300 travel credit as part of its sign-up bonus, and gives you $2 in BMO Rewards for every $100 spent on your card.
The Bank of Montreal (BMO) was the first official bank in Canada, founded in 1817 in Montreal, Quebec. Today, it is the fourth largest bank in Canada and among the ten largest banks in North America. BMO specializes in personal and commercial banking, investment banking and wealth management. The bank has more than 900 branches in Canada, and operations in Chicago and elsewhere in the U.S. BMO employees more than 47,000 employees worldwide and serves more than 12 million clients across the globe.