BMO Rewards
BMO Rewards is the loyalty program offered by Bank of Montreal that allows you to earn points when you use credit cards linked to BMO Rewards. These points can be exchanged for various rewards such as travel, merchandise, gift cards, and even certain banking products.
-
There are different credit cards that let you earn BMO Rewards. BMO doesn't have any specific rules about how often you can apply for their cards or qualify for WB.
Links for the cards are NOT affiliate links
-
Annual fee: $499
WB: 90,000
MSR: $100,000
$200 annual lifestyle credit (calendar year)
5X points on groceries, dining, food delivery, gas, drugstore, and travel
6 complimentary lounge visits through Visa Airport Companion Program (membership year)
-
Annual fee: $120 (FYF)
WB: 60,000
MSR: $24,000
$50 annual lifestyle credit (calendar year)
5X points on groceries, dining, food delivery, gas, and transit
-
Annual fee: $150 (FYF)
WB: 60,000
MSR: $24,000
5X points on travel
3X points on entertainment, dining, and recurring bill payments
4 complimentary lounge visits through DragonPass
-
Annual fee: $0
WB: 10,000
MSR: $1,000
-
It's important to know that BMO Rewards points cannot be moved or transferred between different users. Once you earn these points, they can only be used by the account holder and cannot be shared or transferred to another person's account.
-
You can use your BMO Rewards points to pay for eligible travel purchases through the Pay with Points feature at a fixed rate of 150 points for $1 (0.67 CPP). This allows you to use your points towards the cost of your travel expenses.
Another way to make use of your BMO Rewards points is through the refundable hotel trick. By making a refundable hotel booking and redeeming your points for a statement credit, you can essentially convert your points into a credit on your account. After canceling the booking, the amount will be credited back to your account. This entire process can be done conveniently online by accessing your BMO Rewards account.
-
Once you earn BMO Rewards points, it's important to note that you cannot transfer or convert them to any other loyalty program. These points can only be used within the BMO Rewards program.
-
As long as you have a BMO Rewards-earning card, your BMO Rewards points will not expire. But if you close your account, your points will expire after 90 days.
The above links point directly to the issuer of the card, Bank of Montreal, where you can confirm card details.
They are not affiliate or referral links. Prior to submitting your application, consider using a rebate provider through a referral from r/churningcanada's monthly referral thread to help someone in the community.