Best BMO Credits Cards in Canada for 2024
Sara Skodak
Author
Abid Salahi
Editor10 min read
Best Overall BMO Credit Card
BMO CashBack® World Elite® Mastercard®
4.2
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 23.99%
Why we like it
Why we like it
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros & Cons
Pros & Cons
Pros
- Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
- Includes roadside assistance, a rare but valuable benefit for people on the road.
- Provides a comprehensive list of insurance coverage and benefits.
- High first-year value.
Cons
- Does not include restaurant purchases as a reward category, which is one of the most important spending categories.
Product Details
Product Details
Rewards
- 5% cashback on groceries (maximum $25 per statement)
- 4% cashback on daily transit (maximum $12 per statement)
- 3% cashback on gas (maximum $9 per statement)
- 2% cashback on recurring payments (maximum $10 per statement)
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5M up to 8 days per covered person
Travel Accident
$500,000
Flight Delay
$500 After 4 hours delay
Lost or Stolen Baggage
$500/person, $1000 maximumBaggage Delay
$500/person, $1000 maximum After 6 hours
Hotel Burglary Insurance
$1000.svg)
Car Rental Damage & Theft
$65,000 up to 48 days
Purchase Protection
90 days
Extended Warranty
Up to a year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, complimentary visits not included
Roadside Assistance
Includes free battery boosts, flat-tire change, lockout service and towing
Car Rental Discount
25% off base rate of participating National Car Rental and Alamo Rent a Car.svg)
Gas Discount
Get up to seven cents off per litre on Shell® fuel
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings
Boingo Wi-Fi hotspot
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Best Travel BMO Credit Cards
BMO Ascend™ World Elite®* Mastercard®*
2.8
Finly Rating
Welcome Bonus
Up to 90,000 points and first annual fee waived
Annual Fee
$150
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
The BMO Ascend World Elite Mastercard is perfect for frequent travelers who want a premium card offering high earning rates on travel, dining, and entertainment, plus valuable travel perks like lounge access and comprehensive insurance coverage. If you travel often and can meet the income requirement, this card offers flexibility and peace of mind with both rewards and protection while you're on the go.
Pros & Cons
Pros & Cons
Pros
- Generous rewards: 5 points per $1 spent on travel, 3 points per $1 spent on dining, entertainment, and recurring bills, and 1 point per $1 on other purchases.
- Lounge access: Includes 4 free annual lounge passes through Mastercard Travel Pass.
- Comprehensive insurance: 14 types of insurance, including emergency medical and trip cancellation coverage.
- First year fee waived: Try the card for a year without paying the $150 annual fee.
Cons
- Low point value: Points are worth only 0.67 cents each, which is lower than other cards.
- High income requirements: Requires $80,000 personal income or $150,000 household income, making it inaccessible for many.
- Limited lounge availability: Users have reported issues with lounge access.
Product Details
Product Details
Rewards
- 5x points per $1 spent on eligible travel purchases (up to $15,000 spent)
- 3x points per $1 spent on eligible dining, recurring bill payment and entertainment purchases (up to $10,000 spent per category)
- 1x point per $1 spent on all other eligible purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearEmergency Out of province Medical
21 daysTravel Accident
$500,000
Trip Interruption
$2,000 per insured person
Trip Cancellation
up to $1,500/person, $5000 maxFlight Delay
$500Baggage Delay
$500Lost or Stolen Baggage
$500/person per trip, 1k per account maxHotel Burglary Insurance
$1,000.svg)
Personal Effects
$750
Car Rental Accident
$200,000Car Rental Damage & Theft
yesCar Rental Personal Effects
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
4 complimentary visitsDiscount
Up to 7% discount on Booking.com prepaid hotel or property rental bookingsDiscount
20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las VegasCar Rental Discount
20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-CarBoingo Wi-Fi hotspot
1 million Boingo Wifi hotspots worldwide
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
BMO eclipse Visa Infinite Privilege* Card
3
Finly Rating
Welcome Bonus
Up to 120,000 points
Rewards Rate
1x - 5x points
Annual Fee
$499
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
The BMO Eclipse Visa Infinite Privilege Card is ideal for those who want to maximize rewards on essential categories like travel, dining, groceries, and gas, while enjoying premium benefits. With a generous welcome bonus, lifestyle credit, and comprehensive insurance, this card is designed for frequent travelers who are willing to pay for luxury perks like lounge access and exclusive Visa Infinite privileges. The 25% rewards boost for authorized users adds further value for families or couples who want to rack up points faster.
Pros & Cons
Pros & Cons
Pros
- Generous rewards: Earn 5x points on travel, dining, groceries, gas, and drugstore purchases.
- $200 lifestyle credit: Annual credit that can be used on any purchase over $200.
- 25% bonus points with authorized user: Adding an authorized user increases your rewards by 25%.
- Comprehensive insurance: Includes 12 types of coverage, including emergency medical and trip interruption insurance.
- 6 lounge visits: Complimentary Priority Pass membership with 6 free airport lounge visits annually.
Cons
- High annual fee: The card has a steep $499 annual fee, which is not waived in the first year.
- High income requirements: Requires $150,000 personal or $200,000 household income, limiting eligibility.
- Low point value: Points are valued at only 0.67 cents, reducing their overall worth.
- Additional card fees: Adding authorized users costs $75 per year per user.
Product Details
Product Details
Rewards
- 5x points per $1 spent on grocery, dining, gas, drugstore and travel related purchases (maximum $100,000 in spending)
- 1x point per $1 spent on all other eligible purchases
Insurance
Coverage
Purchase Protection
120 daysExtended Warranty
2 yearsEmergency Out of province Medical
22 daysEmergency Medical Over 65
3 daysTravel Accident
$500,000Trip Interruption
$5,000Trip Cancellation
$2,500Flight Delay
$1,000Baggage Delay
$500Lost or Stolen Baggage
$1,000Hotel Burglary Insurance
$2,500Car Rental Damage & Theft
yes
Mobile Device Insurance
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Visa Airport Companion membership and 6 complimentary airport lounge visits per year
Anniversary Credit
$200 anniversary lifestyle credit
Extra points
Earn 25% more points on all purchases when you add an authorized user to your account.svg)
Concierge Services
Visa Infinite Privilege Concierge like having a personal assistant on speed dial
Visa Infinite Exclusive Benefits
Visa Infinite luxury hotel collection, dining series and wine country
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.SDiscount
Priority Security Lane, airport parking and valet service discounts at select Canadian airports
Eligibility
Credit Score
GoodAnnual Income
$150,000 personal or $200,000 household
Best Travel BMO Credit Card Honorable Mention
BMO AIR MILES® World Elite®* Mastercard®*
3.6
Finly Rating
Welcome Bonus
Up to 300 AIR MILES Bonus Miles
Annual Fee
$120
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
The BMO Air Miles World Elite Mastercard is ideal for frequent Air Miles collectors looking for premium travel benefits and a strong rewards rate. With up to 3,000 bonus miles, a 25% annual flight discount, and automatic Onyx status, this card offers substantial value for those who frequently shop at Air Miles partners and travel often. Its comprehensive insurance coverage and first-year fee waiver also add to its appeal, though the high income requirement may limit its accessibility.
Pros & Cons
Pros & Cons
Pros
- Increased rewards: Earn 1 mile per $12 spent, tripled when shopping at participating Air Miles partners and doubled at eligible grocery, liquor, and wholesale stores.
- Travel perks: Includes a 25% discount on one Air Miles reward flight booking per year.
- Air Miles Onyx status: Automatic Air Miles Onyx status with exclusive benefits.
- Comprehensive insurance: 14 types of insurance coverage, including travel, trip cancellation, and rental car insurance.
- First-year fee waived: Try the card for free in the first year.
Cons
- High income requirements: Requires $80,000 personal or $150,000 household income, making it inaccessible for many.
- Lower rewards compared to other premium cards: While it offers good Air Miles rewards, other cards may provide more flexible or higher rewards.
Product Details
Product Details
Rewards
- 3x Miles points per $12 spent at participating AIR MILES Partners
- 2x Miles points per $12 spent on eligible grocery, liquor and wholesale store purchases
- 1x Mile point per $12 spent on all other eligible purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearTrip Cancellation
$2,500Trip Interruption
$2,000Emergency Out of province Medical
15 daysTravel Accident
$500,000Flight Delay
$500Baggage Delay
$200Lost or Stolen Baggage
$750Hotel Burglary Insurance
$500Personal Effects
$750Car Rental Accident
$200,000Car Rental Damage & Theft
yesCar Rental Personal Effects
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - complimentary visits not includedDiscount
Save up to 7% on your Booking.com prepaid hotel or property rental bookingsDiscount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collectorCar Rental Discount
20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-CarDiscount
Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las VegasDiscount
Annual 25% discount on one worldwide AIR MILES flight redemption.svg)
Status lift
Automatic Air Miles Onyx status
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
Best BMO Credit Cards For Everyday Expenses
BMO CashBack® World Elite® Mastercard®
4.2
Finly Rating
Welcome Bonus
Up to $200
Annual Fee
$120
Interest Rates
20.99% / 23.99%
Why we like it
Why we like it
If you're seeking a cashback credit card, the BMO CashBack® World Elite® Mastercard® stands out for its excellent balance between rewards and benefits. It offers a robust rewards program and a comprehensive benefits list, making it a solid choice. The high first-year value is enhanced by the annual fee waiver, and those with a BMO Premium Chequing Account can enjoy continued fee waivers. While it's highly ranked for rewards alone, it may not be the absolute top choice if benefits are less important to you.
Pros & Cons
Pros & Cons
Pros
- Offers one of the highest cashbacks on groceries and gas, two of the most frequently spent categories, compared to other credit cards in Canada.
- Includes roadside assistance, a rare but valuable benefit for people on the road.
- Provides a comprehensive list of insurance coverage and benefits.
- High first-year value.
Cons
- Does not include restaurant purchases as a reward category, which is one of the most important spending categories.
Product Details
Product Details
Rewards
- 5% cashback on groceries (maximum $25 per statement)
- 4% cashback on daily transit (maximum $12 per statement)
- 3% cashback on gas (maximum $9 per statement)
- 2% cashback on recurring payments (maximum $10 per statement)
- 1% cashback on all other credit card purchases.
Insurance
Coverage
Emergency Out of province Medical
$5M up to 8 days per covered personTravel Accident
$500,000Flight Delay
$500 After 4 hours delayLost or Stolen Baggage
$500/person, $1000 maximumBaggage Delay
$500/person, $1000 maximum After 6 hoursHotel Burglary Insurance
$1000Car Rental Damage & Theft
$65,000 up to 48 daysPurchase Protection
90 daysExtended Warranty
Up to a year
Benefits
Details
Airport Lounge - Dragon Pass
Pass only, complimentary visits not includedRoadside Assistance
Includes free battery boosts, flat-tire change, lockout service and towingCar Rental Discount
25% off base rate of participating National Car Rental and Alamo Rent a CarGas Discount
Get up to seven cents off per litre on Shell® fuelHotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookingsBoingo Wi-Fi hotspot
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
BMO eclipse Visa Infinite* Card
3.6
Finly Rating
Welcome Bonus
Up to 60,000 points and first year fee waived
Annual Fee
$120
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
This card is ideal for individuals who want to maximize rewards on everyday purchases like dining, groceries, and transit while benefiting from a generous welcome bonus and lifestyle credit. However, the point value and high income requirements may be limiting for some.
Pros & Cons
Pros & Cons
Pros
- Earn up to 60,000 BMO Rewards points.
- 5x points on dining, groceries, gas, and transit.
- $50 annual lifestyle credit.
- 10% bonus points when adding an authorized user.
- First-year annual fee waived.
Cons
- Low point value of 0.67 cents per point.
- High income requirements ($60,000 personal or $100,000 household).
- Only 6 types of insurance coverage included.
Product Details
Product Details
Rewards
- 5 points per $1 spent in restaurants, fast foods, coffee shops, food delivery, grocery, gas and daily transit (up to 250,000 points)
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearMobile Device Insurance
$1,000Travel Accident
$500,000Emergency Out of province Medical
15 daysCar Rental Damage & Theft
yes
Benefits
Details
Visa Infinite Exclusive Benefits
Exclusive luxury hotel collection, unique dining and wine eventsGolf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.SGas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles memberAnniversary Credit
Get a $50 anniversary lifestyle credit
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
BMO eclipse Visa Infinite Privilege* Card
3
Finly Rating
Welcome Bonus
Up to 120,000 points
Rewards Rate
1x - 5x points
Annual Fee
$499
Interest Rates
20.99% / 23.99%, for Quebec 21.99%
Why we like it
Why we like it
The BMO Eclipse Visa Infinite Privilege Card is ideal for those who want to maximize rewards on essential categories like travel, dining, groceries, and gas, while enjoying premium benefits. With a generous welcome bonus, lifestyle credit, and comprehensive insurance, this card is designed for frequent travelers who are willing to pay for luxury perks like lounge access and exclusive Visa Infinite privileges. The 25% rewards boost for authorized users adds further value for families or couples who want to rack up points faster.
Pros & Cons
Pros & Cons
Pros
- Generous rewards: Earn 5x points on travel, dining, groceries, gas, and drugstore purchases.
- $200 lifestyle credit: Annual credit that can be used on any purchase over $200.
- 25% bonus points with authorized user: Adding an authorized user increases your rewards by 25%.
- Comprehensive insurance: Includes 12 types of coverage, including emergency medical and trip interruption insurance.
- 6 lounge visits: Complimentary Priority Pass membership with 6 free airport lounge visits annually.
Cons
- High annual fee: The card has a steep $499 annual fee, which is not waived in the first year.
- High income requirements: Requires $150,000 personal or $200,000 household income, limiting eligibility.
- Low point value: Points are valued at only 0.67 cents, reducing their overall worth.
- Additional card fees: Adding authorized users costs $75 per year per user.
Product Details
Product Details
Rewards
- 5x points per $1 spent on grocery, dining, gas, drugstore and travel related purchases (maximum $100,000 in spending)
- 1x point per $1 spent on all other eligible purchases
Insurance
Coverage
Purchase Protection
120 daysExtended Warranty
2 yearsEmergency Out of province Medical
22 daysEmergency Medical Over 65
3 daysTravel Accident
$500,000Trip Interruption
$5,000Trip Cancellation
$2,500Flight Delay
$1,000Baggage Delay
$500Lost or Stolen Baggage
$1,000Hotel Burglary Insurance
$2,500Car Rental Damage & Theft
yesMobile Device Insurance
$1,000
Benefits
Details
Airport Lounge - Dragon Pass
Visa Airport Companion membership and 6 complimentary airport lounge visits per yearAnniversary Credit
$200 anniversary lifestyle creditExtra points
Earn 25% more points on all purchases when you add an authorized user to your accountConcierge Services
Visa Infinite Privilege Concierge like having a personal assistant on speed dialVisa Infinite Exclusive Benefits
Visa Infinite luxury hotel collection, dining series and wine countryGolf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.SDiscount
Priority Security Lane, airport parking and valet service discounts at select Canadian airports
Eligibility
Credit Score
GoodAnnual Income
$150,000 personal or $200,000 household
BMO CashBack® Mastercard®
3
Finly Rating
Welcome Bonus
5% cash back for the first 3 months, up to $2,500 in spend
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
Product Details
Product Details
Rewards
- 3% cash back on grocery purchases (maximum $15 per statement)
- 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
- 0.5% cash back on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Car Rental Discount
20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-CarGas Discount
Save up to 7 cents per litre at Shell stations when linked with Air Miles
Eligibility
Credit Score
GoodAnnual Income
N/A
Best Budget-Friendly BMO Credit Cards
BMO Preferred Rate Mastercard®
3
Finly Rating
Welcome Bonus
0.99% introductory interest rate on balance transfers
Rewards Rate
No Rewards
Annual Fee
$29
Interest Rates
13.99% / 15.99%
Why we like it
Why we like it
If you plan to carry a balance on your credit card, this card offers a very low interest rate. However, there are other cards with no annual fee and slightly lower interest rates that you might want to consider as well.
Pros & Cons
Pros & Cons
Pros
- Low interest rate
- Nice welcome offer for balance transfer
Cons
- Annual fee while there are similar cards that don't have that fee with them
- No benefits other than the most basic purchase protection and extended warranty
Product Details
Product Details
Rewards
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Doubled up to 1 year
Eligibility
Credit Score
GoodAnnual Income
N/A
BMO CashBack® Mastercard®
3
Finly Rating
Welcome Bonus
5% cash back for the first 3 months, up to $2,500 in spend
Annual Fee
$0
Interest Rates
20.99% / 22.99%, for Quebec 21.99%
Product Details
Product Details
Rewards
- 3% cash back on grocery purchases (maximum $15 per statement)
- 1% cash back on recurring payments like bills or subscriptions (maximum $5 per statement)
- 0.5% cash back on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Benefits
Details
Car Rental Discount
20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-CarGas Discount
Save up to 7 cents per litre at Shell stations when linked with Air Miles
Eligibility
Credit Score
GoodAnnual Income
N/A