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...
- Victor, Yore OysterThe BMO Rewards Mastercard entry-level personal travel credit card that that doesn't charge an annual fee and comes with a very generous welcome bonus of 10,000 points. With this card, you can earn reward points on all credit card purchases and enjoy a 0.99% introductory interest rate for the first...
- Claire Horwood, FinderThe BMO Rewards Mastercard is a good fit for customers who want a decent return on points for no annual fee. This card comes with a welcome offer, an introductory balance transfer rate and other perks like car rental discounts and purchase protection.
- Stefani Balinsky, HardbaconThis is a good card. It does not have bells or whistles. However, there is no annual fee and no confusing redemption rules. Plus, you can convert your rewards points into an investment contribution in your BMO Investment account. You can also pay your credit card balance with points. You have double...
- MoneyGeniusThe BMO Rewards Mastercard is relatively well rated for a no fee travel card. It gets high points for the flexibility of the BMO Rewards program, the fact that it has no annual fee, and its generous welcome bonus. It does lose a few points for being a bit lacklustre on its perks, the inconvenience o...
Details
| Interest Rates | |
|---|---|
| Regular APR Interest Rate | 20.99% |
| Balance Transfer Interest Rate | 22.99% (0.99% for the first 9 months) |
| Cash Advance Interest Rate |
22.99% 21.99% for Quebec residents |
| Rates & Fees | |
| Annual Fee | $0.00 |
| 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 | $29.00 |
| Late Payment Fee | $0.00 |
| Promotions | |
| Sign up bonus |
10000 points after spending $1,000 On purchases within the first 3 months. |
| Rewards | |
| All Purchases | 1 point per $1 spent |
| Restaurants | No |
| Gas | No |
| Groceries | No |
| Hotels | No |
| Travel |
2 points per $1 spent On purchases made at National Car Rental and Alamo Rent A Car. |
| Pharmacy | No |
| Bills | No |
| Additional Details |
|
| Features & Benefits | |
| Additional Card Holders | Yes |
| Travel Accident Insurance | No |
| Car Rental Insurance | No |
| Car Rental Discount | Yes |
| Extended Warranty | No |
| Purchase Protection | No |
| 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 | Apple Pay |
| Virtual Cards | No |
| 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 |
$15,000 per year |
| Temporary Residents | No |
| More | |
| 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® Mastercard®