Rewards
Base earn rate1 point for every $2 spent on everything else
ProgramBMO Rewards
Welcome bonusGet 20,000 points and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee. Plus, earn up to 5,000 bonus points every year!
Rewards typepoints
Fees & rates
Annual fee$0
Purchase interest rate21.99%
Cash advance rate23.99%
Foreign transaction fee2.5% (typical)
Standout perks
⭐
Complimentary Instacart+ for three months and $5 monthly Instacart credit when you enroll your eligible BMO Credit Card
3 months free + $5/month credit
⭐
Free BMO PaySmart plan for one purchase up to $1,000 every two years
1 free plan per $1,000 purchase every 2 years
⭐
Pay with Points - apply BMO Rewards points directly to purchases like gas, groceries or dining out
⭐
Bonus of 2,500 points for paying your full credit card balance on time for 12 consecutive months
2,500 points
⭐
Bonus of 2,500 points for redeeming at least 12,000 points annually towards your statement balance with Pay with Points
2,500 points
Everyday features
📱 Apple Pay & Google Pay
🔒 Zero-liability fraud protection
📶 Tap to pay
🛒 Purchase security
Eligibility
Minimum personal income$15,000
Credit score guidanceGood (660+)
ResidencyCanadian resident