Card Details
Based on $2,000 spending
First Year Value
$278.23
$144.23 in years after
Annual Rewards
$144.23
BMO Rewards
First Year Bonus
$134
BMO Rewards
Annual Fee
$0
First Year Value
$278.23
$144.23 in years after
Interest Rates
Purchase: 21.99%*
Cash Advance: 23.99%*□
Balance Transfer: 23.99%*
□ Cash advance rate for Quebec residents is 21.99%
Promotional Rates
Balance Transfer: 0.99%*
Promotional Period: 9 months*
Annual Fee
$0
Annual Income
Personal: N/A
Household: N/A
Credit Score Estimate
Welcome Bonus
Get 20,000 points when you spend $1,500 in the first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee. Plus, earn up to 5,000 bonus points every year (2,500 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with points + 2,500 bonus points for paying your full credit card balance on time for 12 consecutive months).
Our Rating
3.5/5
Institution
BMO
Rewards†
- 2.5x points per $1 spent on eligible dining, groceries and recurring bill payments (up to $5,000 spent per category)
- 0.5x point per $1 spent on all other eligible purchases
Insurance & Benefits†
Insurance
Coverage
Purchase Protection
90 days
Extended Warranty
1 year
Mobile Device Insurance
$1,000
Benefits
Details
Extra points
2,500 bonus points per year for paying full credit card bill on time for 12 consecutive months
Extra points
Another 2,500 bonus points for redeeming at least 12,000 points annually towards your statement balance with Pay with Points
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Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector
Pros & Cons
Pros
- No annual fee: This card comes with no annual fee, making it an affordable option for earning rewards.
- Bonus categories: Earn 5 points per $2 spent on dining, groceries, and recurring bills.
- Mobile device insurance: Includes $1,000 mobile device coverage, a rare perk for a no-fee card.
- Welcome bonus: Earn up to 20,000 points ($134 value) after spending $1,500 in the first 3 months.
- Annual bonus points: Earn up to 5,000 bonus points yearly when you complete certain actions, such as paying your bill on time.
- Fuel savings: Save up to 7 cents per litre at Shell when you link your BMO and Air Miles accounts.
Cons
- Low base earn rate: Only 1 point per $2 spent on non-bonus categories, providing a low return of 0.335%.
- Low point value: Points are valued at 0.67 cents each, reducing the overall reward potential.