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9 Best BMO Credit Cards in Canada for October 2025
Published Oct 27, 2025 8:58 AM • 10 min read
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Credit Card ExpertIf your idea of the best credit card comes from BMO, we've rounded up some of the top picks from this institution, especially for those who prefer to align themselves with Mastercard (BMO’s primary network) or Air Miles partnerships.
Below, you'll find something for everyone, whether that be for everyday buyers, travellers, or budget-conscious spenders.
Data-driven rankings of 120+ credit cards using a proprietary algorithm
Comprehensive analysis using 25+ data points including terms and conditions, points programs, and more
Objective editorial approach - we strive for unbiased reviews following our editorial guidelines
FinlyWealth's credit cards content, including rankings and recommendations, is overseen by a team of engineers and writers who specialize in credit cards, banking, and personal finance. Our work has been featured in The Globe and Mail, GoBankingRates, and AOL. Our proprietary analysis systems evaluate product features, terms, and conditions to deliver comprehensive reviews and comparisons while maintaining strict editorial standards for accuracy and integrity.
BMO CashBack® World Elite® Mastercard®: Best Overall
Students – BMO CashBack® Mastercard®*: Best for Students
BMO VIPorter World Elite Mastercard®∗: Best for Premium Porter Flyers
BMO VIPorter Mastercard®∗: Best Accessible Option for Porter Flyers
BMO AIR MILES® World Elite®* Mastercard®*: Best for Air Miles
BMO eclipse Visa Infinite* Card: Best for Dining
BMO Preferred Rate Mastercard®: Best for Balance Transfers
BMO Ascend™ World Elite®* Mastercard®*: Best for Premium Travel
BMO eclipse rise Visa* Card: Best for No Annual Fee
Our choice for: Best Overall
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on BMO's website
Welcome Bonus
Get up to $335 in additional cash back**
Annual Fee
$120 $0
Interest Rates
21.99% / 23.99%□
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
- 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.
- Monthly limits on cash back could be higher
Rewards
- 5% cash back on groceries (capped at $500 spending per statement, maximum of $25 in cashback per statement cycle)
- 4% cash back on daily transit (capped at $300 spending per statement, maximum of $12 in cashback per statement cycle)
- 3% cash back on gas (capped at $300 spending per statement, maximum of $9 in cashback per statement cycle)
- 2% cash back on recurring payments (capped at $500 spending per statement, maximum of $10 in cashback per statement cycle)
- 1% cash back on all other eligible purchases.
Insurance
Coverage
Emergency Medical Term
$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, $1,000 maximumBaggage Delay
$500/person, $1,000 maximum After 6 hours
Hotel Burglary Insurance
$1,000.svg)
Car Rental Damage & Theft
$65K MSRP up to 48 days
Purchase Protection
90 days
Extended Warranty
1 year
Benefits
Details
Airport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.
Roadside Assistance
Including battery boosts, flat-tire change, lockout service and towing – a $69/year value.
Car Rental Discount
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool
Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
Global Data Roaming plan
With FlexiRoam, stay connected around the world without a SIM card and get up to 15% off a Global Data Roaming plan plus up to 3GB of data, without any additional charges, if apply..svg)
Gas Discount
Get up to 7 cents off per litre on Shell® fuel, only for BMO cardholders.
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
*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. Check here for full details and current product information.
Our choice for: Best for Students
APPLY NOW
on BMO's website
Welcome Bonus
5% cash back for the first 3 months, up to $2,500 in spend
Annual Fee
$0
Interest Rates
21.99% / 23.99%□
We consider this card to be the best student credit card in Canada for it's competitive cashback rewards (3% on groceries, 1% on recurring bills), no annual fee and a generous welcome bonus. Plus, cashback redemption is flexible so no need to wait a year each time you want to get your cashback paid out.
Pros
- No annual fee, making it a cost-effective option for all students.
- Up to 3% cash back on groceries and 1% on recurring bill payments, giving fantastic rewards to students.
- Save up to 7 cents per litre at Shell stations when linked with Air Miles.
Cons
- Low base earn rate of 0.5% cash back on non-bonus purchases.
- Limited insurance coverage (extended warranty and purchase protection only).
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
Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool.Discount
Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas.Hotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada.
Eligibility
Credit Score
PoorAnnual Income
N/A
*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. Check here for full details and current product information.
Our choice for: Best for Premium Porter Flyers
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on BMO's website
Welcome Bonus
Get up to 70,000 VIPorter points and a round-trip companion pass.* Plus receive $1,000 in Qualifying Spend.*
Annual Fee
$199 $0
Interest Rates
21.99% / 23.99%□
This is easily the best credit card in Canada for frequent Porter airline (and its partners) travelers. Earning 2x VIPorter points on common everyday purchases like groceries, dining and transportation is a massive benefit, allowing you to rack up points really fast and enjoy travel via Porter and it's airline partners. The premium benefits of this card make your travels smooth as you get priority security screening, early boarding and priority re-accommodation for flight delays, one complimentary checked bag, a carry-on bag with every fare type (including Basic), and complimentary PorterClassic seat selection.
Pros
- No annual fee in the first year!
- A massive welcome bonus with a value that easily exceeds $1,000, especially with the one companion pass
- Points can be redeemed across Porter's expanding North American network, as well as Porter's growing list of global airline partners, currently featuring flights operated by Air Transat and Alaska Airlines sold on flyporter.com.
- 2x points on common everyday purchases such as groceries, dining, gas, transportation, etc. where points are valued at 1.5 cents per point on average
Cons
- Annual fee of $199 is definitely on the higher side for an airline loyalty card
- Having to spend $50,000 in the first year just to qualify for the annual companion pass
- Points can only be redeemed towards flights currently
- Spending caps on common categories like groceries and dining for earning 2x multiplier may be low for large families
Rewards
- Earn 3 VIPorter points for every $1 spent on eligible Porter purchases via flyporter.com (up to $20,000 in spending annually)
- Earn 2 VIPorter point for every $1 spent on eligible gas and transportation purchases (up to $5,000 in spending annually combined)
- Earn 2 VIPorter point for every $1 spent on eligible groceries and dining purchases (up to $10,000 in spending annually combined)
- Earn 2 VIPorter point for every $1 spent on eligible hotel accommodation purchases (up to $5,000 in spending annually)
- Earn 1 VIPorter point for every $1 spent everywhere else
- Primary cardholders will receive an annual companion pass after spending a minimum of $50,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first 365 days after the account open date. On the anniversary date of your card, the calculation of the purchases will reset to zero and primary cardholders must qualify again for the new annual period.
Insurance
Coverage
Extended Warranty
1 yearPurchase Protection
90 daysEmergency Medical Term
Up to $5M per insured person, per trip, for 21 days per tripTravel Accident
Up to $500,000 per insured person
Trip Cancellation
Up to $1,500 per insured person, per trip (maximum of $5,000 per trip for all insured persons combined)
Trip Interruption
$2,000 per insured personFlight Delay
Up to a maximum of $500 per trip for all insured persons combinedBaggage Delay
Up to $500 per insured person, to a maximum of $1,000 per trip for all insured persons combined, for the purchase of essential itemsLost or Stolen Baggage
Up to $500 per insured person to a maximum of $1,000 per trip for all insured persons combinedHotel Burglary Insurance
Up to $1,000 per occurrence for all insured persons combinedCar Rental Damage & Theft
Rental period up to 48 days, with a Manufacturer’s Suggested Retail Price (MSRP) of up to $65,000
Benefits
Details
Airport Lounge - Dragon Pass
Complimentary membership in Mastercard Travel Pass provided by DragonPass. As a member enjoy lounge access for a fee of just US$32 per person, per visit.*.svg)
Free first checked bag
1 complimentary checked bag as well as 1 complimentary carry-on bag on all Porter fare types up to 8 companions travelling on the same booking
Companion Voucher
A round-trip companion pass per year
Priority Travel
Priority check-in, security, and early boarding for up to 8 companions travelling on the same bookingCar Rental Discount
Save up to 20% on National Car Rental®†† and Alamo Rent A Car®†† and up to 5% on Enterprise Rent-A-Car®†† at locations worldwide using the Car Rental Booking toolHotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada*
Mastercard On-Demand and Subscription Services
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
**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. Check here for full details and current product information.
Our choice for: Best Accessible Option for Porter Flyers
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on BMO's website
Welcome Bonus
Get up to 40,000 VIPorter points and a 35% off flight voucher.*
Annual Fee
$89 $0
Interest Rates
21.99% / 23.99%□
This is one of the only credit cards in Canada that directly earns you VIPorter points and gives you premium travel benefits like priority security screening, early boarding and priority re-accommodation for flight delays on Porter (and its partners) flights. For frequent Porter travelers, this is a great low-fee card that can fast track your VIPorter status and earn even more travel benefits, although the rewards may be a bit lackluster.
Pros
- No annual fee in the first year!
- A massive welcome bonus valued at $600+ that also grants you a 35%-off flight discount voucher (valid for up to 3 companions) after meeting the minimum spend requirement
- Points can be redeemed across Porter's expanding North American network, as well as Porter's growing list of global airline partners, currently featuring flights operated by Air Transat and Alaska Airlines sold on flyporter.com.
Cons
- Low spending caps on common categories like groceries and dining
- Having to spend $25,000 per year just to qualify for 35%-off flight booking discount
- Points can only be redeemed towards flights currently
Rewards
- Earn 2 points for every $1 spent on eligible Porter purchases via flyporter.com (up to $10,000 in spending annually)
- Earn 1 point for every $1 spent on eligible gas and transportation purchases (up to $3,000 in spending annually combined)
- Earn 1 point for every $1 spent on eligible groceries and dining purchases (up to $5,000 in spending annually combined)
- Earn 1 point for every $1 spent on eligible hotel accommodation purchases (up to $3,000 in spending annually)
- Earn 0.5 points for every $1 spent everywhere else
- Primary cardholders will receive an annual discount of 35% on a Porter flight booking after spending a minimum of $25,000 in eligible purchases. On the anniversary date of your card, the calculation of the purchases will reset to zero and primary cardholders must qualify again for the new annual period (The flight voucher allows up to 3 companions to accompany the primary cardholder at a 35% discount on the flight booking’s base fare).
Insurance
Coverage
Extended Warranty
1 yearPurchase Protection
90 daysEmergency Medical Term
Up to $5M per insured person, per trip, for 8 days per tripTravel Accident
Up to $500,000 per insured personFlight Delay
Up to a maximum of $500 per trip for all insured persons combinedBaggage Delay
Up to $500 per insured person to a maximum of $1,000 per trip for all insured persons combinedLost or Stolen Baggage
Up to $500 per insured person to a maximum of $1,000 per trip for all insured persons combinedHotel Burglary Insurance
Up to $1,000 per occurrence for all insured persons combinedCar Rental Damage & Theft
Rental period up to 48 days, with a Manufacturer’s Suggested Retail Price (MSRP) of up to $65,000
Benefits
Details
Priority Travel
Priority check-in, security, and early boarding for up to 8 companions travelling on the same bookingCar Rental Discount
Save up to 20% on National Car Rental®†† and Alamo Rent A Car®†† and up to 5% on Enterprise Rent-A-Car®†† at locations worldwide using the Car Rental Booking toolDiscount
Get 20% off admission to Cirque du Soleil shows touring Canada* and 15% off resident shows in Las VegasHotel Booking Discount
Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada *
Eligibility
Credit Score
GoodAnnual Income
N/A
**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. Check here for full details and current product information.
Our choice for: Best for Air Miles
APPLY NOW
on BMO's website
Welcome Bonus
Up to 7,000 AIR MILES Bonus Miles*
Annual Fee
$120 $0
Interest Rates
21.99% / 23.99%□
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 2,000 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
- 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.
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
double up to 1 yearTrip Cancellation
$1.5K/person, $5K/tripTrip Interruption
$1.5K/person, $10K/tripEmergency Medical Term
$5M up 15 days/personTravel Accident
$500,000/personFlight Delay
$500Baggage Delay
$500/person, $1K/tripLost or Stolen Baggage
$500/person, $1K/tripHotel Burglary Insurance
$1,000Car Rental Damage & Theft
$65,000 up to 48 days
Benefits
Details
Airport Lounge - Dragon Pass
Pass only - complimentary visits not includedDiscount
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
Save up to 7% on your Booking.com prepaid hotel or property rental bookingsDiscount
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
*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. Check here for full details and current product information.
Our choice for: Best for Dining
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on BMO's website
Welcome Bonus
Up to $570 in value which includes up to 60,000 Bonus points and first year fee waived
Annual Fee
$120 $0
Interest Rates
21.99% / 23.99%□
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
- 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.
Rewards
- 5 points per $1 spent in restaurants, fast foods, coffee shops, food delivery, grocery, gas and daily transit (up to 30,000 points on food, 30,000 points on groceries, 100,000 points on gas and 100,000 points on daily transit)
- 1 point per $1 spent on all other purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 year
Mobile Device Insurance
$1,000Travel Accident
$500,000Emergency Medical Term
$5M up to 15 daysCar Rental Damage & Theft
$65K up to 48 days
Benefits
Details
Visa Infinite Exclusive Benefits
Exclusive luxury hotel collection, unique dining and wine events
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.SGas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles member
Anniversary Credit
Get a $50 anniversary lifestyle credit.svg)
Concierge Services
Eligibility
Credit Score
GoodAnnual Income
$60,000 personal or $100,000 household
**Terms and conditions apply. 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. Check here for full details and current product information.
Our choice for: Best for Balance Transfers
APPLY NOW
on BMO's website
Welcome Bonus
0.99% interest rate on balance transfers for 9 months*
Rewards Rate
No Rewards
Annual Fee
$29
Interest Rates
13.99%* / 15.99%*
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
- 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
Rewards
No rewards earned on this card
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
Doubled up to 1 year
Eligibility
Credit Score
GoodAnnual Income
N/A
**Terms and conditions apply.
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.
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. Check here for full details and current product information.
Our choice for: Best for Premium Travel
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on BMO's website
Welcome Bonus
Up to 90,000 points and first annual fee waived**
Annual Fee
$150 $0
Interest Rates
21.99% / 23.99%□
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
- 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.
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
Double up to 1 yearEmergency Medical Term
$5M up to 21 daysTravel Accident
$500,000/personTrip Interruption
$2K/person, $10K/tripTrip Cancellation
$1,500/person, $5K/tripFlight Delay
$500 after 4 hoursBaggage Delay
$500/person, $1K/tripLost or Stolen Baggage
$500/person, $1K/tripHotel Burglary Insurance
$1,000Car Rental Damage & Theft
$65,000 up to 48 days
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-CarDiscount
FlexiRoam: Stay connected around the world without a SIM card and get up to 15% off a Global Data Roaming plan plus up to 3GB of data, free.
Eligibility
Credit Score
GoodAnnual Income
$80,000 personal or $150,000 household
*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. Check here for full details and current product information.
Our choice for: Best for No Annual Fee
APPLY NOW
on BMO's website
Welcome Bonus
Get up to 25,000 bonus points in your first anniversary!*
Annual Fee
$0
Interest Rates
21.99%* / 23.99%*□
The BMO Eclipse Rise Visa is an excellent choice for those who want to earn rewards without paying an annual fee. It offers solid bonus categories like dining, groceries, and bills, and includes rare perks such as mobile device insurance. The card is ideal for newcomers or those looking to build their credit while enjoying the benefits of a no-fee rewards card with simple, everyday earnings. If you frequently spend in the bonus categories, this card provides good value without any added costs.
Pros
- No annual fee: This card comes with no annual fee, making it an affordable option for earning rewards.
- Bonus categories: Earn 5 points per $2 spent on dining, groceries, and recurring bills.
- Mobile device insurance: Includes $1,000 mobile device coverage, a rare perk for a no-fee card.
- Welcome bonus: Earn up to 20,000 points ($134 value) after spending $1,500 in the first 3 months.
- Annual bonus points: Earn up to 5,000 bonus points yearly when you complete certain actions, such as paying your bill on time.
- Fuel savings: Save up to 7 cents per litre at Shell when you link your BMO and Air Miles accounts.
Cons
- Low base earn rate: Only 1 point per $2 spent on non-bonus categories, providing a low return of 0.335%.
- Low point value: Points are valued at 0.67 cents each, reducing the overall reward potential.
Rewards
- 5x points per $2 spent on eligible dining, groceries and recurring bill payments (up to $5,000 spent per category)
- 1x point per $2 spent on all other eligible purchases
Insurance
Coverage
Purchase Protection
90 daysExtended Warranty
1 yearMobile Device Insurance
$1,000
Benefits
Details
Extra points
2,500 bonus points per year for paying full credit card bill on time for 12 consecutive monthsExtra points
Another 2,500 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with PointsGas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector
Eligibility
Credit Score
GoodAnnual Income
N/A
*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. Check here for full details and current product information.
From our editors: The full list of Best BMO Credit Cards in Canada
Best Overall: BMO Cashback World Elite Mastercard
The BMO Cashback World Elite Mastercard stands out as one of the best BMO credit cards in Canada thanks to its exceptional cashback rates, particularly on groceries and gas, alongside solid rewards on transit and recurring bills. This makes it a top choice for everyday spending. Beyond cashback, the card offers solid insurance coverage, plus premium perks like an airport lounge DragonPass membership, and rare roadside assistance, offering free towing, battery boosts, and flat-tire changes.
With a generous welcome bonus and a first-year annual fee waiver, this card provides strong first-year value, though potential applicants should note the relatively high income requirement. Read more in our BMO Cashback World Elite Mastercard Review.
Best for Students: Student BMO Cashback Mastercard
For those still in school, the Student BMO Cashback Mastercard offers strong cashback on groceries and decent cashback on recurring payments. This card also includes discounts on car rentals, Cirque du Soleil shows, and prepaid hotel and rental property bookings made via Booking.com. Its easy accessibility and admirable features make it one of the best student credit cards in Canada. Learn more by reading our Student BMO Cashback Mastercard Review.
Best for Premium Porter Flyers: BMO VIPorter World Elite Mastercard
The BMO VIPorter World Elite Mastercard is the most premium option for frequent Porter Airlines flyers. This contender earns cardholders impressive VIPorter points per dollar spent on Porter purchases made via flyporter.com, plus commendable points on eligible gas, transportation, grocery, dining, and hotel accommodation purchases. On top of comprehensive coverage, expect valuable perks like an airport lounge Dragon Pass membership, free first checked bags, and an annual companion voucher when set spending thresholds are met.
Note that this card comes with annual fee, but thankfully it's waived for the first year. There are also some high annual income requirements to qualify. Check out our BMO VIPorter World Elite Mastercard Review for more details.
Best Accessible Option for Porter Flyers: BMO VIPorter Mastercard
For a lower annual fee (also rebated in the first year) and no annual income requirements, you can opt for the BMO VIPorter Mastercard instead. With this option, you'll earn fewer points per dollar on Porter purchases, gas, transportation, groceries, dining, and accommodations, and you'll have less coverage and fewer perks. Still, this VIPorter competitor is much more accessible and affordable, especially if you don't need luxury perks. See more in our BMO VIPorter Mastercard Review.
Best for Air Miles: BMO AIR MILES World Elite Mastercard
Maybe you prefer to collect Air Miles. If so, go for the BMO AIR MILES World Elite Mastercard, also known as one of the best Air Miles credit cards in Canada. Avoid annual fees for the first year, and collect a good amount miles on AIR MILES Partner purchases, plus some miles on eligible grocery, liquor, and wholesale store purchases. Alongside comprehensive coverage, cardholders receive an airport lounge Dragon Pass membership, an automatic Air Miles Onyx status lift, and discounts on rental cars, flights, and accommodations.
Of course, to account for these perks, this card comes with some high annual income requirements. Find out more in our BMO AIR MILES World Elite Mastercard Review.
Best for Dining: BMO Eclipse Visa Infinite Card
The BMO Eclipse Visa Infinite Card was designed for those who dine, offering impressive points per dollar spent on restaurant, fast food, coffee shop, and food delivery purchases, not to mention other common categories like groceries, gas, and daily transit. The card also features decent coverage and solid benefits, including a unique anniversary lifestyle credit, applicable towards any purchase.
Luckily, the annual fee is waived for the first year of membership, but applicants will need to meet some annual income requirements to qualify. Get all the details in our BMO Eclipse Visa Infinite Card Review.
Best for Balance Transfers: BMO Preferred Rate Mastercard
Need to consolidate your credit card debt? Then consider the BMO Preferred Rate Mastercard, BMO's leading balance transfer credit card. For a small annual fee, cardholders earn a reduced interest rate on balance transfers for several months, allowing them to catch up on repayments.
Of course, this card has no rewards program or perks, but it features standard purchase protection and extended warranty insurance. See the full breakdown in our BMO Preferred Rate Mastercard Review.
Best for Premium Travel: BMO Ascend World Elite Mastercard
Need a BMO Card with premium travel benefits? The BMO Ascend World Elite Mastercard has you covered with extensive insurance coverage and valuable perks like an airport lounge Dragon Pass membership with complimentary visits. This exclusive contender also provides amazing points per dollar spent on eligible travel purchases, plus points on eligible dining, recurring bill payments, and entertainment purchases.
The annual fee is rebated for the first year of membership, but applicants must meet the card's high annual income requirements to qualify. Discover more in our BMO Ascend World Elite Mastercard Review.
Best for No Annual Fee: BMO eclipse rise Visa Card
We've seen at lot of BMO contenders that waive their annual fee for the first year, but this next contender avoids annual fees altogether. The BMO eclipse rise Visa Card earns you generous points on eligible dining, groceries, and recurring bill payments. Added perks include mobile device insurance, extra point opportunities for paying off your balance and redeeming points towards your balance, plus discounts on fuel. Get the full report in our BMO eclipse rise Visa Card Review.
Choosing the Right BMO Credit Card
Selecting the right BMO credit card for you comes down to finding a card that complements your unique spending profile.
For example, if you're looking for a well-rounded card for everyday purchases, then you might select this list's best overall contender, the BMO Cashback World Elite Mastercard. Alternatively, if you're still a student you might opt for the Student BMO Cashback Mastercard. Conversely, premium Porter Airline travellers are best suited to the BMO VIPorter World Elite Mastercard.
Breaking Down BMO Rewards
BMO credit cards provide four different reward types: BMO Rewards, VIPorter points, Air Miles, and cashback rewards.
BMO Rewards
BMO Rewards are typically collected on common expenses like gas, groceries, dining and more. These points can later be redeemed towards travel, financial products, statement credits, gift cards, and merchandise. To redeem your BMO Rewards, you'll need to log in to your BMO account. For travel, you'll need to book your trip using your BMO Rewards card and use the "Pay with Points" tab in your account to cover the eligible transaction.
VIPorter
VIPorter points are earned on either VIPorter-branded BMO card. These points can be applied to Porter Airline and partner flights. To redeem these points, simply:
- Input your flight details into the booking screen on the redemption platform, then hit “Book Now”
- On the “Flight Options” screen, select “Show fares in: VIPorter points” or “Dollars & points”
- Sign into your VIPorter account through the pop-up (if you haven’t already) to see your VIPorter point fare options
- Pick your itinerary and submit your booking using points
Air Miles
Air Miles are earned on Air Miles-branded BMO cards and are redeemable towards travel, in-store partners, a Personal Shopper service, donations, and eligible events and attractions. Redemption processes vary by category, see our credit card Airmiles points calculator for details.
Cashback
Cashback is earned on BMO cashback cards and is typically redeemable through the BMO rewards portal once you've earned at least $1. You can also set up automatic deposits that cash in once you earn a specified amount of cashback (for example, every time you earn $25 back).
Applying for a BMO Credit Card
Typically, you'd apply for a BMO Credit Card through BMO's official website by selecting your desired card and following the corresponding application steps.
To fast-track this process, feel free to tap the "Apply Now" buttons attached to this post. By doing so, you can also earn rebates on select cards.
Frequently Asked Questions
Typically, the income requirement for BMO World Elite credit cards is a minimum $80,000 personal annual income and a minimum $150,000 household annual income. These requirements are quite exclusive and might make the World Elite tier less accessible to some applicants.
Always double check the income requirements linked to each specific card by checking the credit card’s terms and conditions.
For the most part, it’s estimated that you’ll need a “good” credit score to get your hands on a BMO World Elite Mastercard. A “good” credit score is a score of about 660. Considering this is merely an estimation, please use this information as a helpful guideline.
The BMO Ascend World Elite Mastercard is simply an upgraded version of the BMO World Elite tier. The Ascend version has better perks like the Dragon Pass with complimentary lounge visits, and more comprehensive travel insurance.
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