Overview of the BMO Rewards® MasterCard

BMO Rewards® MasterCard

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Earn rewards

1 point/$1

On other purchases

BMO Rewards® MasterCard details

Welcome bonus: Exclusive Offer: Get 15,000 BMO Rewards welcome points (worth $75 when you pay with points).*
Annual fee: $0
Reward: Earn 1x points on other purchases
Average point value: $0.007
Balance transfer offer: 0.99% per month for the first 9 months
Purchase interest rate: 20.99%
Cash advance interest rate: 22.99%
Balance transfer interest rate: 23.99%
Minimum income: $15K/yr
Household income: Any amount
Recommended credit score: 660+
Network: Mastercard
Provider: Bank of Montreal
Card type: Travel

Detailed card summary

Benefits & features

Exclusive Offer: Get 15,000 BMO Rewards welcome points (worth $75 when you pay with points).*
Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred.*
Get 1 BMO Rewards point for every $1 spent*
Earn faster with additional cardholders
Get up to 25% off car rentals at National®#† Car Rental and Alamo®*‡ Rent A Car locations worldwide*
Extended Warranty*
Purchase Protection*
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information
*Terms and conditions apply
Cash Advance Interest 22.99% (21.99% for Quebec residents)
The offer may vary in Quebec.

How to redeem

How to get approved

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Legal

*Terms and conditions apply

a) Subject to these Terms and Conditions, each balance transfer amount is eligible for a promotional interest rate of 0.99% provided that each balance transfer is posted to your BMO CashBack Mastercard account/BMO AIR MILES Mastercard account or BMO Rewards Mastercard account (the "Account") in the first 9 (nine) statement periods from the Account open date (“Promotional Period”) , and your Account remains in good standing. Offer is available to new customers only upon Account approval for applications submitted on or after September 2, 2022. Balances from other BMO credit card accounts are not eligible to be transferred. The promotional rate will no longer apply to your Account if you transfer into a card other than the BMO CashBack Mastercard or BMO Rewards Mastercard. Balance transfers apply to Canadian dollar amounts only.

b) Balance transfers do not qualify to earn loyalty rewards such as CashBack Rewards or BMO Rewards Points. Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account until the last day of the Promotional Period. After the Promotional Period expires, any remaining balance transfer amounts will be charged interest at the standard annual interest rate for cash advances. The promotional interest rate of 0.99% does not apply to purchases, fees, cash advances and other charges posted to your Account during the Promotional Period. Standard interest rates will continue to apply to those transactions. Please refer to your monthly statement for the interest rate applicable to your Account. c) Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account. For example, if an amount of $1,000 is transferred to your Account, you will be charged a fee of $20. You may request a balance transfer for as low as $100, as long as the transfer amount plus the fee, does not exceed the unused portion of the credit limit on your Account.

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