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The Bank of Montreal (BMO), founded in 1817 in Montreal, Quebec, is among the ten largest banks in North America. BMO offers a wide range of credit cards to Canadians, ranging from student credit cards to rewards credit cards.
BMO offers you the following types of credit cards:
Compare the best BMO credit cards available in Canada and find the best one for you.
| Our top picks | |||
|---|---|---|---|
| Credit card | Great features | Annual fee | First-year value* |
|
1. BMO eclipse Visa Infinite* Card
|
|
$120 (Waived first year) | $996 |
|
$120 (Waived first year) | $699 | |
|
3. BMO eclipse Visa Infinite* Privilege Card
|
|
$599 | $625 |
|
$0 |
$388 |
|
|
$0 |
$364 |
|
|
$20 (Waived first year) | $275 | |
Apply for the BMO eclipse Visa Infinite* Card and earn up to 60,000 bonus BMO Rewards points in the first year. Earn 30,000 BMO Rewards points when you spend at least $3,000 in the first three months and get another 30,000 points when you surpass your 12-month account anniversary. Plus, BMO will waive the $120 annual fee for the primary account holder for the first year.
You can also earn 10% more rewards when you add an authorized user to your account, and you can enjoy a $50 annual lifestyle credit.
According to our Best of Finance methodology, the average Canadian will earn roughly $996 in the first year.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$120
Each supplementary card has a $50 annual fee.
Limited time offer/bonus:
Offer expiry date: N/A - Ongoing Offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = 141,829 BMO Rewards points
Monetary value = $946.00
Annual statement credit = $50
Annual fee = $0*
Total earned over the first year (rewards + statement credit - annual fee) = $996.00**
*Get a rebate for the $120 annual fee for the primary cardholder for the first year.
** This calculation does not include the 10% more rewards cardholders can earn for adding a supplementary cardholder.
You can redeem your points for:
Insurance:
Other perks:
The BMO AIR MILES®† World Elite®* Mastercard®* is offering new cardholders 3,000 bonus AIR MILES when they spend at least $3,000 within the first three months. Cardholders can enjoy exclusive VIP access and two annual passes with a complimentary membership to Mastercard Airport Experiences provided by LoungeKey. Plus, BMO will waive the $120 annual fee for the first year.
According to our Best of Finance methodology, the average Canadian will see $699 in AIR MILES points within the first year.
Credit score requirement for approval:
Excellent: You’ve had a credit card or loan for at least 10 years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on your existing credit cards for the past six months.
Annual fee:
$120
Limited time offer/bonus:
Offer expiry date: N/A - Ongoing Offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = 5,491 AIR MILES (including the 3,000 bonus AIR MILES)
Monetary value = $699
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $699
*The $120 annual fee is waived for the first year. Also, we put the value of an AIR MILE at 12.7 cents; however, redemption value varies depending on how you choose to spend your AIR MILES.
You can redeem your points for:
AIR MILES are transferred to the AIR MILES Collector number associated with BMO AIR MILES®† World Elite®* Mastercard®* once a month and are redeemed through the AIR MILES program.
Insurance:
Other perks:
New members of the BMO eclipse Visa Infinite Privilege* Card can earn up to 120,000 bonus BMO Rewards points. Get 50,000 BMO Rewards points when you spend at least $6,000 in the first three months. Plus, get 30,000 points when you spend at least $30,000 in the first 6 months, and receive an additional 40,000 points when you spend at least $75,000 in the first year
Not only that, but this card offers a $200 annual lifestyle credit, and you can earn 25% more rewards when you add an authorized user to your account.
According to our Best of Finance methodology, the average Canadian will see a value of $625 in the first year.
Credit score requirement for approval:
Excellent: You’ve had a credit card or loan for at least 10 years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on your existing credit cards for the past six months.
Annual fee:
$599
Each supplementary card has a $99 annual fee.
Limited time offer/bonus:
Offer expiry date: N/A - Ongoing Offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = 138,739 BMO Rewards points
Monetary value = $924
Annual statement credit = $200
Annual fee = $499
Total earned over the first year (rewards + statement credit - annual fee) = $625*
*This calculation does not include the 25% more rewards cardholders can earn for adding a supplementary cardholder.
You can redeem your points for:
Insurance:
Other perks:
The BMO CashBack Mastercard®* offers members 5% cash back for the first three months*. After that, earn 3% back on grocery purchases, 1% back on recurring bill payments, and 0.5% back on everything else you buy. Earn even faster by adding additional cardholders for free.
According to our Best of Finance methodology, the average Canadian will have $383 within the first year.
*Conditions apply.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$0
Limited time offer/bonus:
Sign-up bonus expiry date: N/A - Ongoing Offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = $383
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $383
You can redeem your points for:
Insurance:
Other perks:
The BMO CashBack Mastercard®* for Students offers cardholders 5% cash back for the first three months*. After that, earn 3% back on grocery purchases, 1% back on recurring bill payments, and 0.5% back on all other purchases, even textbooks and supplies purchased with the card.
According to our Best of Finance methodology, the average Canadian student will get $364 back within the first year.
*Conditions apply.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$0
Limited time offer/bonus:
Sign-up bonus expiry date: N/A - Ongoing Offer
Rewards:
Earning potential:
How does this card stack up to other rewards credit cards? We crunched the numbers using our Best of Finance methodology to see how much an average Canadian could earn over a 12-month period.
Rewards earned over a 12-month period = $364
Annual fee = $0
Total earned over the first year (rewards minus annual fee) = $364
You can redeem your points for:
Insurance:
Other perks:
The BMO Preferred Rate Mastercard®* offers members a low-interest rate of 12.99% on purchases and cash advances. Cardholders can also take advantage of the 3.99% introductory interest rate on balance transfers for nine months. A 1% fee does apply to the amount transferred. Plus, BMO will waive the $20 annual fee for the first year.
Credit score requirement for approval:
Good: You’ve had a credit card or loan for at least six years. You’ve had good credit for the last seven years (no bankruptcies or no defaults on credit as a result of failing to pay debts back to creditors). You haven’t opened a new credit card account, loan, or line of credit in the last nine months. You’ve made the minimum payments on my existing credit cards for the past three months.
Annual fee:
$20
Limited time offer/bonus:
Sign-up bonus expiry date: Ongoing Offer
Earning potential:
Although this card doesn’t offer travel perks or cash back, cardholders can take advantage of the low introductory interest rate on balance transfers and the low-interest rate on purchases and cash advances.
Insurance:
Other perks:
*Rates, product information, and rewards estimates are subject to change at any time and do not constitute financial advice.
The Bank of Montreal offers a great rewards program for eligible credit card holders. See the best BMO rewards:
BMO offers Air Miles credit cards that allow you to earn Air Miles for exclusive travel rewards and perks. You can earn twice the amount of Air Miles when you use your BMO Air Miles credit card at participating retailers. Use your Miles for great travel rewards, merchandise, event tickets and much more.
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