BMO CashBack World Elite Mastercard
The BMO CashBack World Elite Mastercard generates competitive returns on daily purchases with flexible redemptions for bank statements or deposits into BMO accounts.
Reward: 5% cashback on groceries, 4% on transit, 3% on gas, 2% on recurring bills and 1% on everything else.
Welcome offer: 10% cashback for the first three months.
Annual fee: $120 (first year waived)
Other advantages and disadvantages: The earning rates and annual returns of this card are impressive when compared to the competition. However, each expense category is capped at $300-$500 per billing cycle.
BMO Eclipse Visa Infinite card
The BMO eclipse Visa Infinite Card offers a simple award structure for anyone looking to earn points towards shared living expenses.
Reward: For every dollar spent, earn 5 points on gas, groceries, restaurants, and public transportation, and 1 point on all other purchases.
Welcome offer: 60,000 points in the first year.
Annual fee: $120 (first year waived)
Other advantages and disadvantages: Travel insurance is limited, but cardholders get access to Visa Infinite hotels, restaurants, and golf courses. $50 annual lifestyle credit and add-on card bonus points add value.
Student BMO CashBack Mastercard
The Student BMO CashBack Mastercard offers students an easy way to build credit while earning cash back rewards.
Reward: 3% cashback on groceries, 2% cashback on recurring bills and 0.5% cashback on everything else you buy.
Welcome offer: 5% cashback for the first three months.
Annual fee: $0
Other advantages and disadvantages: Earning money back on every purchase without paying annual fees is always a good deal. The upper spending limits are somewhat low, but reflect the relatively low spending behavior of many students.
BMO CashBack Mastercard
The BMO CashBack Mastercard is an ideal choice for people who spend less than $500 each month on groceries and recurring bills.
Reward: 3% cashback on groceries, 1% on monthly bills and 0.5% on other eligible purchases.
Welcome offer: 5% cashback for the first three months and 0.99% interest on balance transfers for the first nine months.
Annual fee: $0
Other advantages and disadvantages: The return rates are pretty high for a no-fee credit card, even with the spending caps. Instead of discounts on rental cars and Cirque du Soleil shows, we would like to see an increase in the base fare.
BMO Ascend World Elite Mastercard
The BMO Ascend World Elite Mastercard can benefit high earners who have a lot of travel-related expenses.
Reward: For every dollar in card fees, you earn 5 points on travel purchases, 3 points on groceries, dining and entertainment, and 1 point on everything else.
Welcome offer: 60,000 points in the first year.
Annual fee: $150 (waived first year)
Other advantages and disadvantages: Comprehensive insurance and a 5:1 premium ratio for travel assistance offset the $150 annual fee. Cardholders continue to receive the full insurance benefit when offsetting the partial costs of a trip (taxes and fees).
BMO AIR MILES World Elite Mastercard
The BMO Air Miles World Elite Mastercard offers collectors better accrual rates and travel discounts on flights and airport lounge passes.
Reward: For every $12 purchase, earn 3 miles from Air Miles partners, 2 miles at grocery stores and 1 mile at other eligible locations.
Welcome offer: 2,000 air miles during the first 90 days.
Annual fee: $120 (first year waived)
Other advantages and disadvantages: Even with a $500 monthly limit on grocery rewards, this card’s base rate exceeds the industry standard of 1 mile per $20 purchase. Cardholders also receive a 25% annual discount on zero blackout flight redemptions.
BMO AIR MILES Mastercard
The BMO Air Miles Mastercard is a no-fee card for collectors who make regular purchases at Air Miles partner locations.
Reward: Earn 3 miles at partner locations, 2 miles at grocery stores and 1 mile everywhere else for every $25 net purchase.
Welcome offer: 800 miles in the first three months.
Annual fee: $0
Other advantages and disadvantages: Air Miles partners can convert miles to cash in-store or online (95 miles equals $10). Additionally, cardholders can earn miles twice on these purchases by scanning an Air Miles Collector Card.
BMO Rewards Mastercard
The BMO Rewards Mastercard is a great entry-level credit card with hassle-free rewards and quality redemption options.
Reward: 1 point per dollar on net ticket purchases.
Welcome offer: 10,000 points in the first 90 days and 0.99% interest on balance transfers for nine months.
Annual fee: $0
Other advantages and disadvantages: While offering a general spend category keeps things simple, it can limit earning potential. Interest rates on this card can also reach 25.99% if bank statements are not paid in full.
Student BMO AIR MILES Mastercard
The Student BMO Air Miles Mastercard can be useful for students who value travel rewards rather than cashback on daily purchases.
Reward: Earn 3 miles at participating partners, 2 miles at grocery stores and 1 mile everywhere else for every $25 purchase.
Welcome offer: 800 miles in the first 90 days.
Annual fee: $0
Other advantages and disadvantages: The points value is low for an Air Miles credit card. However, students automatically receive Air Miles Gold status discounts of up to 30% on flights and 5% on merchandise.
BMO Eclipse Visa Infinite Privilege Card
The BMO Eclipse Visa Infinite Privilege Card is ideal for frequent flyers who can maximize rewards to offset the high annual fee.
Reward: 5 points per dollar on groceries, food, fuel, travel and drug store purchases and 1 point per dollar on all other purchases.
Welcome offer: 90,000 points in the first year.
Annual fee: $499
Other advantages and disadvantages: Priority airport lounge services and complimentary lounge passes added to the overall value of this travel card. However, it is only accessible to those earning an annual income of at least $150,000.
