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BMO Blue Rewards Mastercard

3

/5

BMO

Mastercard

BMO Blue Rewards Mastercard®*Points Calculator

Get 20,000 Bonus Points, a 9-month 0.99% introductory interest rate on balance transfers with a 2% transfer fee*, and earn rewards from over 400 brands.*

Our Take

The BMO Blue Rewards Mastercard is a solid contender for cardholders who shop frequently at participating Blue Rewards partners. For no annual fee, the card also offers decent point-potential on common purchases like gas and groceries, including unique categories like wholesale and alcohol purchases. Ultimately though, niche budget-conscious customers will get the most value out of this option.

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BMO Blue Rewards Mastercard®* review

Card Details

Interest Rates

Purchase: 21.99%

Cash Advance: 23.99%□

Balance Transfer: 23.99%□

□ Quebec rates: Cash advance 21.99%, Balance transfer 21.99%

Annual Fees

Main Card: $0

Welcome Bonus

Get 20,000 Bonus Points and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee*. Plus, earn rewards from over 400 brands.*

Annual Income

Personal: N/A

Household: N/A

Credit Score Estimate

300
Poor
560
Fair
660⁎
Good
725⁎
Very Good
760⁎
Excellent
⁎Estimates based on Equifax scoring

Card Type

Credit

Reward Type

Type: Points

Loyalty Program: BMO Blue Rewards

Our Rating

3/5

Institution

BMO

How You Earn Rewards

  • Earn 5 Points for every $1 spent at participating Blue Rewards Partners*
  • Earn 1 Point for every $1 spent on groceries, gas, electric vehicle charging, wholesale and alcohol purchases*
  • Earn 0.5 Points for every $1 spent on everything else*
  • Earn additional Points on top of your credit card Points when you use your physical or digital Blue Rewards Member Card at checkout*
  • Get even more Blue Points when you add an extra cardholder for free*
  • Redeem any amount of Points to reduce what you pay out of pocket when using a combination of your BMO Blue Rewards credit card and Points*
  • Redeem your Points for entertainment, merchandise, eGift Cards, in-store purchases and more*
  • Unlock exclusive offers at top brands through Blue Rewards offers*

Annual Rewards Breakdown

Annual Rewards Summary

Point Redemptions

Redemption Method

Net Value (After Annual Fee)

Insurance & Benefits

2 insurance
4 benefits

Insurance

Coverage

  • extended warranty

    Extended Warranty

    Extension of original manufacturer’s warranty up to 1 year*
  • purchase protection

    Purchase Protection

    90 days*

    • Benefits

    Details

  • car rental

    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.*
  • tire

    Roadside Assistance

    Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing.*
  • discount

    Discount

    Get 20% off admission to Cirque du Soleil shows in Canada, and 15% off resident shows in Las Vegas*
  • discount

    Discount

    Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*

    • Pros & Cons

    Pros

    • No annual fee
    • Generous welcome bonus
    • High partner purchase optimization
    • Roadside assistance

    Cons

    • Niche optimization
    • Standard balance transfer rate after promo period

    *Terms and conditions apply.


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