BMO Bank of Montreal
Enjoy flexible rewards, bonus offers up to 200,000 points, no annual fee for select cards, and competitive interest. Find a fit for every type of spender.
BMO Rewards credit cards stand out in Canada with generous welcome bonuses and flexible redemption options. The BMO eclipse rise Visa Card has no annual fee and offers 20,000 bonus points plus up to 5,000 bonus points each year, making it very accessible. Purchases attract a 21.99% interest rate and cash advances are at 23.99%. The BMO eclipse Visa Infinite Card brings up to 70,000 points, extras like streaming credits and no annual fee in the first year (afterwards, it’s $120 annually). Meanwhile, the BMO Ascend World Elite Mastercard delivers up to $1,600 in value with annual fees waived your first year and provides a 0% balance transfer offer for 12 months. Lastly, the exclusive BMO eclipse Visa Infinite Privilege Card gives up to 200,000 points and NEXUS statement credit for those who want maximum rewards, requiring a high $599 annual fee and higher income qualifications.
How to Apply for a BMO Rewards Credit Card
- Review the different BMO Rewards credit cards to find the one aligning with your spending and travel preferences.
- Check your eligibility based on annual household income or spending levels.
- Gather your personal information and identification.
- Complete the online application form, entering your details carefully.
- Await a decision, often instant, and if approved, get ready to activate and use your card.
Pros of BMO Rewards Credit Cards
These cards offer substantial first-year welcome bonuses, making it easy to accumulate points quickly. Flexible redemption lets you use points on everything from travel to merchandise.
No-fee and low-fee options fit a range of users, and premium cards provide superior perks like lounge access and statement credits for regular travellers.
Cons of BMO Rewards Credit Cards
Premium cards such as the BMO eclipse Visa Infinite Privilege Card require high annual fees and income, narrowing access to many Canadians.
If you don’t collect many points or only want simple cash back, these cards could be less attractive long-term compared to alternatives.
Verdict: Should You Apply?
BMO Rewards credit cards make an excellent choice for Canadians who want flexibility in redeeming travel, merchandise, or experiential rewards. Welcome offers are among the best, and cards are available for various needs. However, review the annual fee and your expected card usage before applying to ensure you’ll maximize value.
