Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

BMO Rewards® Business Mastercard® review

Compare Compare  
Advertiser Disclosure

Annual Fee
Interest Rate: Purchases
Interest Rate: Purchases
Balance Transfer
22.99% (0% for the first 9 months)
Balance Transfer
22.99% (0% for the first 9 months)
1.5 - 3 points
1.5 - 3 points
Signup Bonus
50000 points (after spending $5,000)
Signup Bonus
50000 points (after spending $5,000)

Informr score
The BMO Rewards® Business Mastercard® currently has an Informr score of 6 out of 10. This score is based on our evaluation of 3 sources including reviews from users and the web's most trusted critics.

Am I eligible?

BMO Rewards® Business Mastercard® is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

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...


The 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...

- MoneyGenius

If 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...

- Jordann Brown,

SMB 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...



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%


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
Sign up bonus 50000 points after spending $5,000

On purchases within the first 3 months.

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

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
Additional comments -
Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with BMO Rewards® Business Mastercard®

Rate It: