2025's Best BMO Credit Cards
Take advantage of great BMO credit card offers today.
The Bank of Montreal
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:
- Cash back credit cards
- Low interest credit cards
- Student credit cards
- Air Miles credit cards
- Travel rewards credit cards
- No fee credit cards
Compare the best BMO credit cards available in Canada and find the best one for you.
| Great features | Annual fee | First-year value* | |
|---|---|---|---|
| Flexible BMO Rewards redeemable for travel or statement credits, $50 annual lifestyle credit, travel insurance | $120 (waived the first year) | $996 | |
| Flexible BMO Rewards redeemable for travel or statement credits, $200 annual lifestyle credit, travel insurance, six free lounge visits per year, Priority Pass membership | $120 (waived the first year) | $699 | |
| Flexible BMO Rewards redeemable for travel or statement credits, $200 annual lifestyle credit, travel insurance, six free lounge visits per year, Priority Pass membership | $599 | $625 | |
| No fee, cashback rewards | $0 | $388 | |
| Perks geared towards making campus life more enjoyable | $0 | $388 | |
| Low interest rate | $20 (waived the first year) | Low interest rate on balances |
*The RATESDOTCA Best of Finance methodology assumes the cardholder spends an average of $2,000 a month on their card to determine the first-year value. The calculation includes all welcome bonuses and promotional offers at the time of publishing.
BMO eclipse Visa Infinite* Card
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 (First year waived)
Each supplementary card has a $50 annual fee.
Limited time offer/bonus:
- Earn up to 60,000 bonus BMO Rewards points in the first year. Receive 30,000 BMO Rewards points when you make at least $3,000 in purchases in the first three months and get another 30,000 points at your 12-month account anniversary. Plus, BMO will waive the $120 annual fee for the first year.
Offer expiry date: N/A - Ongoing Offer
Rewards:
- Earn five BMO Rewards points per dollar you spend on groceries, dining, gas and transportation, up to $50,000 in purchases per year. After, earn one point per dollar you spend.
- Earn one BMO Rewards point per dollar you spend everywhere else you shop.
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:
- Travel
- Vacation packages
- Hotels
- Rental cars
- Cruises
- Merchandise
- Gift cards
- Turn points into a statement credit
- Contribute to your BMO investment account
Insurance:
- Out-of-province/country emergency medical insurance
- Common carrier insurance
- Car rental collision and loss damage insurance
- Mobile device insurance (up to $1,000)
- Purchase security
- Extended warranty
Other perks:
- Primary cardholders can enjoy a $50 annual lifestyle credit after making a purchase equal to or greater than $50 (the amount of the credit).
- Cardmembers can earn 10% more points when they add an authorized user to the account.
- Access exclusive wine and dining events through the Visa Infinite Dining Series and Visa Infinite Wine Country collections.
BMO AIR MILES® World Elite®* Mastercard®*
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 (First year waived)
Limited time offer/bonus:
- New cardmembers can earn 2,000 bonus AIR MILES when they spend at least $3,000 within the first three months.
Offer expiry date: N/A - Ongoing Offer
Rewards:
- Earn 3 miles for every $12 spent at participating AIR MILES partners.
- Earn 2 miles for every $12 spent at any eligible grocery store.
- Earn 1 AIR MILES reward mile for every $12 in credit card purchases.
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.
- Merchandise
- Gift cards
- Events and attractions
- Travel
Insurance:
- BMO AIR MILES World Elite Travel and Medical Protection
- Collision damage waiver on rental cars
- Purchase protection
- Extended warranty
- Zero Liability
Other perks:
- Enjoy VIP access with a complimentary membership in Mastercard Airport Experiences provided by LoungeKey and two annual passes.
- Take 15% off admission to Cirque du Soleil shows touring Canada and 20% off resident shows in Las Vegas.
- Double-dip on points when you use your AIR MILES Collector card at participating partner stores.
BMO eclipse Visa Infinite Privilege* Card
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:
- Get up to 120,000 points*.
Offer expiry date: N/A - Ongoing Offer
Rewards:
- Earn five BMO Rewards points per dollar you spend on groceries, dining, drugstore, gas and travel, up to $100,000 in purchases per year. After, earn one point per dollar you spend.
- Earn one BMO Rewards point per dollar everywhere else you shop.
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 = $599
Total earned over the first year (rewards + statement credit - annual fee) = $525*
*This calculation does not include the 25% more rewards cardholders can earn for adding a supplementary cardholder.
You can redeem your points for:
- Travel
- Vacation packages
- Hotels
- Rental cars
- Cruises
- Merchandise
- Gift cards
- Turn points into a statement credit
- Contribute to your BMO investment account
Insurance:
- Out-of-province/country emergency medical insurance
- Tripp cancellation/trip interruption insurance
- Baggage delay, loss and damage insurance
- Common carrier insurance
- Car rental collision and loss damage insurance
- Hotel burglary insurance
- Mobile device insurance (up to $1,000)
- Extended warranty
- Purchase security insurance
Other perks:
- Primary cardholders can enjoy a $200 annual lifestyle credit after making a purchase equal to or greater than $200 (the amount of the credit).
- Cardmembers can earn 25% more points when they add an authorized user to the account.
- Save time and connect to the Visa Infinite Privilege Concierge for top recommendations and reservations.
- Take advantage of the complimentary Priority PassTM membership and access over 1000 airport lounges in 148 countries. Plus, receive six free lounge visits per year. This benefit has a value of roughly US$300.
- Enjoy perks at select Canadian airports, including admittance to the Priority Security Lane and savings on airport parking and valet services.
- Access exclusive wine and dining events through the Visa Infinite Dining Series and Visa Infinite Wine Country collections.
BMO CashBack Mastercard®*
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:
- New cardmembers can get 5% cash back for the first three months. You will earn the regular 3% cash back rate on grocery purchases, up to $500 per billing cycle, with a bonus rate of an additional 2% back on your first $500 spend over the first three months. You will also receive the regular earn rate of 1% cash back on recurring bill payments up to $500 per billing cycle, with a bonus rate of an additional 4% cash back on your first $500 spend over the first three months. For all other purchases, you will receive the regular earn rate of 0.5% cash back, with a bonus of an additional 4.5% back on your first $1,500 spend over the first three months.
Sign-up bonus expiry date: N/A - Ongoing Offer
Rewards:
- Get 3% cash back on grocery purchases, up to $500 in total purchases per month.
- Get 1% cash back on recurring bill payments, up to $500 spent per billing cycle.
- Get 0.5% unlimited cash back on all other purchases.
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:
- Deposit your cash back into your BMO chequing or savings account.
- Deposit your cash back into your BMO InvestorLine account.
- Apply your cash back as a statement credit.
Insurance:
- Purchase protection
- Extended warranty
- Zero Liability
Other perks:
- Cardholders can get up to 25% off car rentals at participating National Car Rental and Alamo Rent A Car locations.
- Receive 15% off admission to Cirque du Soleil shows touring Canada and 20% resident shows in Las Vegas.
BMO CashBack Mastercard®* for Students
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:
- New cardmembers can get 5% cash back for the first three months. You will earn the regular 3% cash back rate on grocery purchases, up to $500 per billing cycle, with a bonus rate of an additional 2% back on your first $500 spend over the first three months. You will also receive the regular earn rate of 1% cash back on recurring bill payments up to $500 per billing cycle, with a bonus rate of an additional 4% cash back on your first $500 spend over the first three months. For all other purchases, you will receive the regular earn rate of 0.5% cash back, with a bonus of an additional 4.5% back on your first $1,500 spend over the first three months.
Sign-up bonus expiry date: N/A - Ongoing Offer
Rewards:
- Get 3% cash back on grocery purchases, up to $500 in total purchases per month.
- Get 1% cash back on recurring bill payments, up to $500 spent per billing cycle.
- Get 0.5% unlimited cash back on all other purchases.
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:
- Deposit your cash back into your BMO chequing or savings account.
- Deposit your cash back into your BMO InvestorLine account.
- Apply your cash back as a statement credit.
Insurance:
- Purchase protection
- Extended warranty
Other perks:
- Enjoy discounts on car rentals at participating National Car Rental and Alamo Rent A Car locations.
- Cardholders receive 15% off admission to Cirque du Soleil shows touring Canada and 20% resident shows in Las Vegas.
BMO Preferred Rate Mastercard®*
The BMO Preferred Rate Mastercard®* offers members a low-interest rate of 13.99% on purchases and cash advances. Cardholders can also take advantage of the 0.99% introductory interest rate on balance transfers for nine months. A 2% fee does apply to the amount transferred. Plus, BMO will waive the $29 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:
$29
Limited time offer/bonus:
- Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.
Sign-up bonus expiry date: N/A - 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:
- Purchase protection
- Extended warranty
- Zero Dollar Liability
Other perks:
- Get 15% off admission to Cirque du Soleil shows touring Canada and 20% off resident shows in Las Vegas.
Rates, product information and reward estimates are subject to change at any time and do not constitute financial advice. This post was not sponsored. RATESDOTCA may receive a referral fee from our partners or affiliate links featured on the site; however, our editorial choices are objective and free from bias. The opinions expressed in this article are purely those of RATESDOTCA; thus, the credit card issuers and partners are not responsible for any editorials or reviews that may appear. Please visit the associated brand’s website for complete and current terms and conditions on any product or service mentioned. The information in this article is accurate as of the date of this posting, January 31, 2025. Read our full disclaimer.
BMO rewards program
The Bank of Montreal offers a great rewards program for eligible credit card holders. See the best BMO rewards:
- Travel rewards– You can redeem your rewards points for several travel rewards such as flights, hotels, cruises, vacation packages and car rentals.
- Statement credit– Pay off your credit balance by using your points as statement credit for your credit card.
- Investment rewards – BMO allows you to use your rewards points to contribute an amount to your online BMO investment account.
- Merchandise and gift cards rewards- Redeem your points for a wide range of merchandise and gift cards from the BMO Rewards online catalogue.
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BMO partnerships
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