As one of the largest banks in North America, the Bank of Montreal (BMO) is a pioneer of low-interest cards. Besides these, they make various credit cards available to Canadians, some with impeccable travel benefits.
Those looking to save can find several no annual fee options. If you’re looking to build or rebuild your credit, BMO’s credit card collection is worth looking through.
BMO offers 13 credit cards. With such a wide range, you can find exactly what you need. Your options include:
Most of BMO’s credit cards offer competitive perks. As a cardholder, these are some benefits you may receive:
The BMO Rewards Program earns cardholders BMO Rewards points. There are four credit cards attached to the program, including the BMO Rewards Mastercard and the BMO World Elite Mastercard. The BMO Rewards Mastercard has no annual fee, while the BMO World Elite Mastercard has a welcome bonus of 40,000 points.
These are your redemption options and the point’s value:
From these values, you can deduce that redeeming your points for travel offers the most value. However, the other redemption options hold value quite well.
BMO is partnered with AIR MILES, offering two co-branded travel rewards credit cards attached to the AIR MILES rewards program. These cards come with a lucrative sign-up bonus, great perks, and competitive earn rates.
With every purchase, you’ll collect Miles. You can redeem these as Dream Miles for movie tickets, flights, vacation packages, and spa passes. Alternatively, you can redeem your Miles for cash rewards, merchandise, gift cards, and events.
The redemption choices you receive for BMO AIR MILES credit cards make these some of the best in the market. And the best part is the BMO AIR MILES Mastercard has no annual fee.
Make your money do more.
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Absolutely. When you visit the BMO website and find your desired credit card, click the ‘apply’ button below the credit card description. You’ll be redirected to another page to start your application.
BMO doesn’t provide an exact credit score requirement for their credit cards. Some credit cards may not consider your credit score, like the student credit cards.
For the others, BMO states that you must not have declared bankruptcy in the past seven years. You might need good to excellent credit to increase your chances of being approved.
It depends on what you’re looking for in a credit card. If you often travel and stay in hotels, a credit card providing AIR MILES might be more suitable.
The BMO Rewards Program offers excellent redemption value for travel, but it’s ideal for infrequent travellers. The reason is, you’ll have more ways to redeem your points like investments and statements credits.
You can redeem your BMO rewards points for flights, hotels, car rentals, vacations packages, and cruises.