BMO Rewards Mastercard Details & Review

Last updated on October 8, 2019 | Written by

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The BMO Rewards Mastercard is the Bank of Montreal’s basic credit card in a long line of rewards cards. The difference between this card and other credit cards where you earn rewards for purchasing specific services is that the BMO Rewards Mastercard allows you to receive points on every dollar spent.

As a welcome bonus, you can earn up to 20,000 BMO Rewards points with a minimum spend of $1,000 over the first 3 months, and a 1.99% introductory interest rate on balance transfers for the first 9 months. This welcome bonus is equal to about $145 in cash.

Annual Fee: $0

Min. Income Required: No minimum income required

Interest Rates: 19.99% (Cash advance 22.99%)

Rewards Rate: Earn 1 BMO Rewards Point for every $1 spent

Additional Card: $0

Nice Rewards and Perks

The BMO Rewards Mastercard is a solid choice for earning rewards on everyday and recurring purchases. You can redeem your BMO Rewards Points for products and services or use it to pay down your balance.

  • Low 1.99% on balance transfers for the first 9 months
  • Earn 1 Reward Point for every dollar spent
  • No caps or limits on Rewards Points earning potential
  • Extended warranty coverage to double the manufacturer’s warranty
  • 25% off rentals at National Car Rental and Alamo Rent A Car
  • Free purchase protection on most merchandise against theft or damage

Solid Charge Card

The BMO Rewards MasterCard is a reliable credit card with good rewards earning potential and no annual fee. The 1.99% introductory rate is an excellent option that allows you to consolidate other high-interest debt.

Conclusion

The BMO Rewards MasterCard makes sense for consumers who are looking to earn rewards on recurring or everyday purchases, get a great welcome bonus and low balance transfer rate, with built-in purchase and fraud protection.

The card’s easy qualification requirements, with no annual fee and free supplemental cards, make this charge card a good choice for those who want an internationally recognized credit card with strong rewards earning potential.