Am I eligible?
To get this card, you must also:
Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
What the Critics Are Saying...
- MoneyGeniusThe BMO Rewards World Elite Business Mastercard is a good choice for small business owners who want to earn flexible rewards on everything they buy – kicked off by a sizable sizeable welcome bonus worth about $469. You’ll also get a huge insurance package, extra protection against unauthorized purch...
- Jordann Brown, Ratehub.caIf cash back isn’t your preferred type of reward, you should consider the BMO Rewards Business Mastercard. This business credit card allows you to earn BMO Rewards points which you can redeem for electronics, gift cards, travel and more. The card’s annual fee is $120, and is waived in the first year...
- GreedyRates.caSMB owners with significant monthly gas, office supplies, mobile phone and internet bills have the most to gain from the BMO Rewards Business Mastercard. We recommend the card to those whose business expenses in those categories total more than $5700 per year ($475 per month), which will offset the...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 17.99% |
| Balance Transfer Interest Rate |
22.99% (0% for the first 9 months) 3% transfer fee on intro. rate |
| Cash Advance Interest Rate | 22.99% |
| Rates & Fees | |
| Annual Fee |
$120.00 Waived on the first year |
| Balance Transfer Fee |
5% Maximum |
| Cash Advance Fee |
1% Minimum of $5 |
| Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
| Over Limit Fee | $0.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus |
50000 points after spending $5,000 On purchases within the first 3 months. |
| Rewards | |
| All Purchases | 1.5 points per $1 spent |
| Restaurants | No |
| Gas | 3 points per $1 spent |
| Groceries | No |
| Hotels | No |
| Travel | No |
| Pharmacy | No |
| Bills |
3 points per $1 spent On cell phone/internet bill payments. |
| Additional Details |
3 points per $1 spent on office supplies |
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | Yes |
| Car Rental Insurance | Yes |
| Car Rental Discount | No |
| Extended Warranty | Yes |
| Purchase Protection | Yes |
| Zero Liability | Yes |
| No Foreign Transaction Fees | No |
| Emergency Assistance | No |
| Concierge Service | No |
| Price Protection | No |
| Fraud Protection | Yes |
| Free Credit Scores | No |
| Wireless Payments | No |
| Virtual Cards | No |
| Additional Benefits |
- Liability Waiver Program to protect your business against employee card abuse - Trip Cancellation - Trip Interruption/Trip Delay - Lost/Delayed Baggage Insurance - Emergency replacement cards |
| Eligibility | |
| Minimum Security Deposit | $0 |
| Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
| Minimum Personal Income | |
| Temporary Residents | No |
| More | |
| Additional comments | - |
| Terms & Conditions | Official Terms & Conditions |
| Suggest a correction |
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