BMO Rewards® MasterCard

*Beta version of card page. Sign up to get updated guide soon.*

A no-annual-fee card that can be good to build up the length of your credit history

$114

in free travel after $1,000 in 3 months

The BMO Rewards MasterCard has a lower welcome bonus and earn rate, and limited insurance coverage and benefits, as most no-annual-fee cards do.

But it has a low minimum income requirement of $15k, is accepted at Costco, and you can add additional cardholders to earn more.

Also, BMO Rewards points are very easy to use.

It also has a special 1.99% introductory interest rate on Balance Transfers for 9 months (1% fee applies to balance amounts transferred), but Flytrippers strongly recommends never carrying a balance on any credit card.

Finally, as a cardholder you can get up to 25% off car rentals at National®#† Car Rental and Alamo®*‡ Rent A Car locations worldwide.

Card offer ends October 31st, 2021.

BMO is not responsible for maintaining the content on this site. Please click on the Get this card link for the most up to date information.

Welcome bonus of 15,000 BMO Rewards points
= $107 (fixed value of 0.71 ¢/pt)

Earning of 1,000 points on the $1,000 minimum spend
= $7 (at base earn rate)

Card Fee
= $0 (Card has no annual fee)

Flytrippers Valuation of Welcome Bonus
=
$114 in free travel
(fixed value)

+ all points earned with your regular purchases

After the $114 Welcome Bonus…

Earn rate at fixed value (= 0.71¢ per BMO Rewards point):

  • 1 pt (0.71%) per $ everywhere
  • 2 pts (1.42%) per $ at Alamo & National car rental locations

BMO Rewards points are fixed-value points, so they give you great flexibility but can not give you outsized value (or give you a good deal or “rebate” compared to the cash price).

They are almost 100% flexible, as they can be applied to many types of travel expenses as a travel credit. But you have to book via the BMO Rewards website, so you have to make sure they have the best price (they do have a price match feature though).

More details about BMO Rewards points coming soon.

Purchase protection (90 days)
Extended warranty (1 year)

No medical travel insurance
No trip cancelation insurance
No trip interruption/delay insurance
No car rental insurance
No flight delay insurance
No baggage delay/loss insurance
No hotel burglary insurance

Detailed article on the credit card coming soon

BMO Rewards® MasterCard

Offer Summary
  • $114 in free travel
  • Easy-to-use fixed-value points
  • Recommended for beginners only
  • No-annual-fee card; to build up length of credit history
  • No travel insurance coverage (retail ins. only)
  • Accepted at Costco
  • Minimum income of $15,000 required
  • Minimum spend of $1,000 to reach
  • Terms and conditions apply*

Detailed article on the credit card coming soon

Start getting travel rewards with the BMO Rewards MasterCard now

via BMO secure application

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