BMO Preferred Rate Mastercard® vs BMO VIPorter Mastercard®∗: Which one is better?

No rewards earned on this card

• 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).

• Low interest rate
• Nice welcome offer for balance transfer

• 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.

• 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

• 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