If you frequently make purchases using a credit card, then you can opt for a rewards credit card instead of any other type of credit card. A rewards credit card offers you some percentage of the purchased amount back to the cardholder. This type of credit card is getting more popular among people in the recent era. According to a survey, 45% of the people in the United States who want to grab a credit card apply for the rewards card. When it comes to choosing a rewards card, then there are many credit card companies and banks that offer such cards. The Bank of Montreal also offers you a few rewards cards that you can choose from. Let’s discuss the available BMO Rewards Credit Cards, and then we will show you how you can apply for one.
Available BMO Rewards Credit Cards
In order to meet the diverse needs of different customers, the Bank of Montreal offers 8 different rewards credit cards. All come with some common as well as many exclusive features and benefits. This allows the people to choose the perfect fit for their credit card needs. Let’s discuss some of the key features and rates of the available BMO rewards cards to help you decide which option is better.
- BMO CashBack MasterCard
You will get as much as 4% cash back, whenever you make a purchase using your card within the first four months. There will also be a 1.99% intro interest rate on your balance transfer for the nine months with a transfer fee of 1%. After the welcome offer, you will earn 1% cash back on any credit card purchase. This is a no-annual-fee credit card that offers you as much as 25% rental discount at the participating Alamo Rent A Car and National Car Rental locations. You can add more cardholders without any extra cost to enjoy even more cash back.
- BMO AIR MILES World Elite MasterCard
You will get as much as 3000 AIR MILES Bonus Miles and the Companion Flight rebate. After that, they will waive the annual fee for the 1st year. After the intro period, you will earn one mile on every $10 purchase that you make using the BMO AIR MILES World Elite MasterCard. This card has a $120 annual fee that you must keep in mind before you apply for it. With this card, you will get the complimentary membership in the MasterCard Airport Experience that is provided by the LoungeKey. You will have special VIP access and two complimentary passes in the year. You also get BMO AIR MILES World Elite Travel & Medical Protection, Purchase Protection, and Extended Warranty.
Note: The minimum annual income requirement for individuals and household to get this card is $80000 and $150000 respectively.
- BMO World Elite MasterCard
When you spend $3000 or more within the first three months, then you will earn 35000 welcome points. After that, your first year’s annual fee would also be waived. After that, you will get three BMO rewards points, whenever you spend a $1 on the eligible entertainment, dining, and travel purchases. You will also get 2 points for every single dollar that you spend on any other purchase. This card has a $150 annual fee.
Note: The minimum annual income requirement for individuals and household to get this card is $80000 and $150000 respectively.
- BMO AIR MILES MasterCard
This is a no-annual-fee reward credit card. For the first nine months, you will earn 500 AIR MILES Bonus Miles plus 1.99% intro interest rate on the balance transfers with a one percent transfer fee. When you spend $20 at the AIR MILES Partners’ participating locations, you will earn 2x Miles. Everywhere else, you will earn one Mile for every $20 that you spend.
- BMO CashBack World Elite MasterCard
This is a $120 annual fee card. Within the first four months, whatever purchase you make using the card it will help you earn as much as 4 percent cash back. After that, you will earn 1.5 percent cash back on every single purchase that you make using this card. The minimum annual income requirement for individuals and household to get this card is $80000 and $150000 respectively.
- BMO Rewards MasterCard
This is another no-annual-fee rewards card from the Bank of Montreal. For the first nine months, you will earn as much as 20000 welcome rewards points plus intro interest rate of 1.99% on the balance transfers with one percent transfer fee. You will earn one BMO rewards point on every single dollar that you spend everywhere.
- BMO SPC CashBack MasterCard
This card comes without any annual fee and it helps you earn 4 percent cash back on the purchases that you make within the first four months. After that, you will earn 1 percent cash back on any other purchase that you make with this card.
- BMO SPC AIR MILES MasterCard
With this rewards credit card, you will earn 500 AIR MILES Bonus Miles and Get Double Mile, whenever you make a purchase at AIR MILES Partners’ participating locations. You get one reward mile, whenever you spend $20 on purchases using this card. This is a no-annual-fee credit card.
Instructions To Apply For A BMO Rewards Credit Card
After deciding which rewards card you should select, you can follow the mentioned steps to apply for a credit card on their website:
- Access the official credit cards webpage of the Bank of Montreal website. Use the link: www.bmo.com/mastercard in order to access that webpage.
- Now you are on the page where all credit cards offered by the bank are selected by default. Because you are looking for a Rewards Card, so click “Rewards” option that is available among all other types.
After clicking “Rewards” option, your page will display only the rewards cards. Every page will display only 3 credit cards. To move to the next page to find another card, you should use the buttons “1, 2, and 3” that is available just below the buttons of different card types. Click on the card image that you want to apply. Now, you can read the card details that you are looking to apply for on this page. Click “APPLY NOW” button to start the online application. On the first page, tell them whether or not you already have a BMO Debit Card and a Canadian address. After that, click “Get Started” and submit the secure online application.
If you don’t have a Canadian address, then you would be asked to schedule an appointment to apply for the card by visiting the nearest bank branch. For more details, please talk to the customer support helpline of the bank.
