How much is the value of 10,000 BMO Rewards points?
How much is the value of 10,000 BMO Rewards points?
Tired of guessing what the value of 10,000 BMO Rewards points is? FinlyWealth's point calculator tool can estimate the value of your points when redeemed through various options in Canada.
Number of Points
Points
Loyalty Program
10,000 BMO Rewards points is valued at $67 CAD on average if redeemed towards travel
10,000 BMO Rewards points is valued at $67 CAD on average if redeemed towards financial products
10,000 BMO Rewards points is valued at $64 CAD on average if redeemed towards entertainment
10,000 BMO Rewards points is valued at $50 CAD on average if redeemed towards statement credits (cash)
10,000 BMO Rewards points is valued at $48 CAD on average if redeemed towards gift cards
10,000 BMO Rewards points is valued at $45 CAD on average if redeemed towards merchandise
Best Credit Cards for the BMO Rewards Loyalty Program
These credit cards will give you the most rewards and benefits to optimize for BMO Rewards points
Exclusive Cash Rebates
When you sign up and apply through our offer page, we'll send you a cash rebate directly to your bank account via e-Transfer upon approval. Terms and conditions may apply.
Click offer button on each card to learn more
Follow these simple steps to secure your cash rebate:
Click the "Offer" button on any eligible credit card
Complete your sign-up/sign-in on FinlyWealth first so we can track your application
Apply for the credit card through our referral link on the card's rebate offer page
Once approved, the institution will verify your application and send us your confirmation within 5-10 days, though this may vary by institution and potentially take longer
Once we receive the confirmation, we'll send you a cash rebate via e-Transfer within 10 days
Many have already claimed their rebates! See what the community is saying on our Trustpilot reviews and discover real success stories.
Note: Rebate timelines vary by institution. Approval is subject to the issuer's criteria. You must apply through our referral link to qualify for the rebate.
Rewards based on $2,000/month average spending. Estimates may be higher if you meet spend requirements for certain welcome bonuses. Click learn more on the card to calculate your rewards.
BMO Rewards Program Breakdown
BMO Rewards were built to accommodate travellers, savvy savers, and everyday shoppers alike.
With multiple ways to pay with points, this rewards program is simple and versatile.
To explore more, from how you can earn BMO rewards to how you can redeem them, keep reading.
How do you Earn BMO Rewards Points?
The best way to collect BMO Rewards points is to apply for a BMO Rewards credit card.
There are a few contenders on the Canadian market worth mentioning, check them out below.
Get up to 25,000 bonus points in your first anniversary!*
Earn Rates
5 points per $1 spent in restaurants, fast foods, coffee shops, food delivery, grocery, gas and daily transit (up to 30,000 points on food, 30,000 points on groceries, 100,000 points on gas and 100,000 points on daily transit)
1 point per $1 spent on all other purchases
5x points per $1 spent on grocery, dining, gas, drugstore and travel related purchases (maximum 125,000 points on dining, 125,000 points on travel, 100,000 points on groceries, 75,000 points on gas, 75,000 poitns on drugstore)
1x point per $1 spent on all other eligible purchases
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 Included
6 types
Purchase Protection
90 days
Extended Warranty
1 year
Mobile Device Insurance
$1,000
Travel Accident
$500,000
Emergency Out of province Medical
$5M up to 15 days
Car Rental Damage & Theft
$65K up to 48 days
13 types
Purchase Protection
120 days
Extended Warranty
triples up to 2 years
Emergency Out of province Medical
$5M up to 22 days/person
Emergency Medical Over 65
$5M up to 3 days/person
Travel Accident
$500,000/person
Trip Interruption
$5,000/person, $25,000 trip
Trip Cancellation
$2,500/person, $5,000 trip
Flight Delay
$1,000
Baggage Delay
$500/person, $1K/trip
Lost or Stolen Baggage
$1,000/person, $2,500/trip
Hotel Burglary Insurance
$2,500
Car Rental Damage & Theft
$85,000 up to 48 days
Mobile Device Insurance
$1,000
3 types
Purchase Protection
90 days
Extended Warranty
1 year
Mobile Device Insurance
$1,000
Perks
5 perks
Visa Infinite Exclusive Benefits
Exclusive luxury hotel collection, unique dining and wine events
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles member
Anniversary Credit
Get a $50 anniversary lifestyle credit
Concierge Services
8 perks
Airport Lounge - Dragon Pass
Visa Airport Companion membership and 6 complimentary airport lounge visits per year
Anniversary Credit
$200 anniversary lifestyle credit
Extra points
Earn 25% more points on all purchases when you add an authorized user to your account
Concierge Services
Visa Infinite Privilege Concierge like having a personal assistant on speed dial
Visa Infinite Exclusive Benefits
Visa Infinite luxury hotel collection, dining series and wine country
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Priority Travel
Priority Security Lane, airport parking and valet service discounts at select Canadian airports
Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector
3 perks
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
Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector
This card is ideal for individuals who want to maximize rewards on everyday purchases like dining, groceries, and transit while benefiting from a generous welcome bonus and lifestyle credit. However, the point value and high income requirements may be limiting for some.
Pros
Earn up to 60,000 BMO Rewards points.
5x points on dining, groceries, gas, and transit.
$50 annual lifestyle credit.
10% bonus points when adding an authorized user.
First-year annual fee waived.
Cons
Low point value of 0.67 cents per point.
High income requirements ($60,000 personal or $100,000 household).
Only 6 types of insurance coverage included.
Rewards*
5 points per $1 spent in restaurants, fast foods, coffee shops, food delivery, grocery, gas and daily transit (up to 30,000 points on food, 30,000 points on groceries, 100,000 points on gas and 100,000 points on daily transit)
1 point per $1 spent on all other purchases
Insurance*
Coverage*
Purchase Protection
90 days
Extended Warranty
1 year
Mobile Device Insurance
$1,000
Travel Accident
$500,000
Emergency Out of province Medical
$5M up to 15 days
Car Rental Damage & Theft
$65K up to 48 days
Benefits*
Details*
Visa Infinite Exclusive Benefits
Exclusive luxury hotel collection, unique dining and wine events
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles member
Anniversary Credit
Get a $50 anniversary lifestyle credit
Concierge Services
Eligibility*
Credit Score
Good
Annual Income
$60,000 personal or $100,000 household
*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
The top-rated BMO Rewards credit card is none other than the BMO eclipse Visa Infinite Card.
To help you get settled into this card’s lucrative way of spending, the annual fee is completely waived during the first year of membership. Still, applicants will need to meet some annual income requirements for approval.
Once approved, cardholders unlock a significant amount of points per dollar spent on restaurants, fast food, coffee shops, food delivery, groceries, gas, and daily transit – which basically covers all of the basics!
Don’t underestimate the benefits either, with the BMO eclipse Visa Infinite Card, members receive perks like Troon Rewards Golf benefits, gas discounts on Shell fuel for AirMiles members, and an anniversary lifestyle credit each year that can be applied to any type of purchase.
Overall, the BMO eclipse Visa Infinite Card is fit for day-to-day shoppers who want strong point-potential on common spend categories, adequate coverage, and some enticing benefits like that annual anniversary lifestyle credit.
The BMO Eclipse Visa Infinite Privilege Card is ideal for those who want to maximize rewards on essential categories like travel, dining, groceries, and gas, while enjoying premium benefits. With a generous welcome bonus, lifestyle credit, and comprehensive insurance, this card is designed for frequent travelers who are willing to pay for luxury perks like lounge access and exclusive Visa Infinite privileges. The 25% rewards boost for authorized users adds further value for families or couples who want to rack up points faster.
Pros
Generous rewards: Earn 5x points on travel, dining, groceries, gas, and drugstore purchases.
$200 lifestyle credit: Annual credit that can be used on any purchase over $200.
25% bonus points with authorized user: Adding an authorized user increases your rewards by 25%.
Comprehensive insurance: Includes 12 types of coverage, including emergency medical and trip interruption insurance.
High annual fee: The card has a steep $499 annual fee, which is not waived in the first year.
High income requirements: Requires $150,000 personal or $200,000 household income, limiting eligibility.
Low point value: Points are valued at only 0.67 cents, reducing their overall worth.
Additional card fees: Adding authorized users costs $75 per year per user.
Rewards*
5x points per $1 spent on grocery, dining, gas, drugstore and travel related purchases (maximum 125,000 points on dining, 125,000 points on travel, 100,000 points on groceries, 75,000 points on gas, 75,000 poitns on drugstore)
1x point per $1 spent on all other eligible purchases
Insurance*
Coverage*
Purchase Protection
120 days
Extended Warranty
triples up to 2 years
Emergency Out of province Medical
$5M up to 22 days/person
Emergency Medical Over 65
$5M up to 3 days/person
Travel Accident
$500,000/person
Trip Interruption
$5,000/person, $25,000 trip
Trip Cancellation
$2,500/person, $5,000 trip
Flight Delay
$1,000
Baggage Delay
$500/person, $1K/trip
Lost or Stolen Baggage
$1,000/person, $2,500/trip
Hotel Burglary Insurance
$2,500
Car Rental Damage & Theft
$85,000 up to 48 days
Mobile Device Insurance
$1,000
Benefits*
Details*
Airport Lounge - Dragon Pass
Visa Airport Companion membership and 6 complimentary airport lounge visits per year
Anniversary Credit
$200 anniversary lifestyle credit
Extra points
Earn 25% more points on all purchases when you add an authorized user to your account
Concierge Services
Visa Infinite Privilege Concierge like having a personal assistant on speed dial
Visa Infinite Exclusive Benefits
Visa Infinite luxury hotel collection, dining series and wine country
Golf Benefit
Troon Rewards Golf benefits like discounts at over 95 resorts and courses around the world plus access to select private clubs across the U.S
Priority Travel
Priority Security Lane, airport parking and valet service discounts at select Canadian airports
Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector
Eligibility*
Credit Score
Very Good
Annual Income
$150,000 personal or $200,000 household
*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
Looking for a step up from the BMO eclipse Visa Infinite Card? Then shift your gaze over to the BMO eclipse Visa Infinite Privilege Card – as long as you’re ready to pay a hefty annual fee and you can meet some extremely high income requirements!
Why is this contender so exclusive? Well, there are a few reasons. Let’s start with the rewards program.
The BMO eclipse Visa Infinite Privilege Card earns cardholders the same amount of points per dollar spent on some similar spend categories as the BMO eclipse Visa Infinite Card – specifically groceries, dining, and gas. Besides these shared categories, the BMO eclipse Visa Infinite Privilege Card adds drugstore and travel purchases, plus higher overall spending caps on dining and groceries (two very important spend categories).
The insurance on the BMO eclipse Visa Infinite Privilege Card is also (unsurprisingly) more extensive than the insurance provided by the BMO eclipse Visa Infinite Card, it includes even more valuable protections like trip interruption and trip cancellation insurance, hotel burglary insurance, and emergency medical over 65 insurance.
Like the BMO eclipse Visa Infinite Card, the BMO eclipse Visa Infinite Privilege Card has an anniversary lifestyle credit, but the value of this credit is four times higher (as it probably should be). The BMO eclipse Visa Infinite Privilege Card also adds perks like a handful of annual complimentary airport lounge visits per year through Dragon Pass, extra points on all purchases when you add an authorized user to your account, and Priority Travel perks like Priority Security Lane, plus airport parking and valet service discounts at certain Canadian airports.
Ultimately, you’d likely choose the BMO eclipse Visa Infinite Privilege Card over the BMO eclipse Visa Infinite Card if you’re a premium spender looking for luxury travel perks and insurance on top of a competitive BMO rewards program.
The BMO Eclipse Rise Visa is an excellent choice for those who want to earn rewards without paying an annual fee. It offers solid bonus categories like dining, groceries, and bills, and includes rare perks such as mobile device insurance. The card is ideal for newcomers or those looking to build their credit while enjoying the benefits of a no-fee rewards card with simple, everyday earnings. If you frequently spend in the bonus categories, this card provides good value without any added costs.
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.
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*
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
Gas Discount
Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector
Eligibility*
Credit Score
Good
Annual Income
N/A
*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
Let’s say you’re looking for something more accessible and budget-friendly. In that case, check out the BMO eclipse rise Visa Card.
For no annual fee or annual income requirements, you can collect about half of the BMO rewards points on eligible dining, groceries, and recurring bill payments. Once you hit this card’s lower spending caps, keep in mind that you’ll be subject to a below-average base rate (lower than the base rates provided by both the BMO eclipse Visa Infinite Card and the BMO eclipse Visa Infinite Privilege Card).
As expected, the coverage on this card is very basic, offering only extended warranty and purchase protection insurance, plus mobile device insurance.
The benefits are pretty minimal as well, with gas discounts on Shell fuel for AirMiles collectors and extra points for paying your credit card bill in full for 12 consecutive months or redeeming a certain amount of points annually towards your statement balance with Pay with Points.
All in all, this is the BMO Rewards credit card to go for if you want something that’s more affordable and accessible, yet still beneficial in terms of collecting some BMO Rewards points.
How do you Redeem your BMO Rewards Points?
Alright, so now that you understand where your BMO Rewards come from, it’s time to brush up on this loyalty program’s redemption opportunities.
The table below breaks down every BMO Reward redemption category, redemption options, and estimated associated point values.
Redemption Category
Redemption Options
Estimated Average Point Value
Travel
Pay with Points to cover eligible travel bookings like:
Flights
Hotel stays
Car rentals
Vacation packages
Cruises and more
0.67 cpp
Financial Products
Redeem points for a contribution towards a BMO savings or investment account
0.67 cpp
Statement Credits
Opt to Pay with Points and apply your BMO Rewards points directly towards any eligible purchases
0.5 cpp
Gift Cards
Redeem points for eligible gift cards offered by participating brands
0.48 cpp
Merchandise
Purchase eligible products provided by partner brands with points.
0.45 cpp
Next, let’s dive a little bit deeper into these redemption categories:
Use Points Towards Your Next Trip
Many more optimized loyalty programs allow you to redeem your points towards travel, but lots of those loyalty programs also require you to book those travel arrangements through specific platforms.
With the BMO Rewards program, you can redeem your points towards travel bookings made through any provider.
Any points used towards travel-related purchases have a redemption rate of 150 points = $1.
To make this type of redemption possible, simply:
Book travel using your BMO Rewards credit card
Sign in to your BMO account and select the “Pay with Points” tab in the drop-down menu
Choose any travel purchase you’ve made within the last 90 days
Select the amount of points you’d like to apply to the chosen transaction
Wait about 3-5 business days to see your points turn into a cash credit on your account
Apply Points Towards Financial Products
Plan ahead and apply your BMO Rewards points’ value towards financial products like a BMO savings or investment account.
To do so, redeem your points as a cash deposit into either account type.
Specific financial product opportunities include:
A BMO Premium Rate Savings Account: opened alongside a chequing account under the same Plan. This type of account earns daily interest on every dollar deposited using BMO Rewards points.
A BMO Smart Saver Account: ideal for those with long-term savings goals, this account helps you save and earn interest on every dollar deposited using BMO Rewards points.
A BMO Investorline: a way to self-manage your portfolio, all while being provided with research, tips and tools to help you make informed trades.
Turn Points Into Statement Credits
With Pay with Points, you can basically cover any eligible purchase – even beyond travel!
All you have to do is:
Log into your BMO account
Click or tap the “Pay with Points” tab
Select an eligible purchase made with your BMO Rewards credit card
Choose how many points you’d like to redeem towards that purchase
Give Away Points Through Gift Cards
Maybe you’re looking to transform your points into the perfect present. If so, BMO offers a wide selection of gift cards for you to redeem your rewards towards.
Explore cards from brands like:
Cineplex
Tim Hortons
Lululemon
Sephora
Indigo
Sobeys
Amazon
Esso
Starbucks
Walmart and more
To calculate your cent-per-point value on a specific gift card selection, simply divide the value of the gift card by the amount of points required for the redemption, then multiply that result by 100.
Morph Points Into Merchandise
Perhaps you’re looking to get your hands on something more specific. In that case, consider swapping your BMO Rewards points for eligible merchandise.
Sift through thousands of products from multiple brands in categories like:
Body & Soul
Children & Toys
Computers, Phones & Office
Eco-friendly/Sustainable
Entertainment
Fashion & Travel
House & Home
Kitchen & Dining
Sports & Recreation
To calculate your cent-per-point value on a specific product, simply divide the value of the product by the amount of points required for the redemption, then multiply that result by 100.
You can browse available products and their costs by:
Signing into your BMO account
Selecting the “Shop” tab from the drop-down menu
Clicking “Merchandise”
Setting any necessary filters to narrow your search (i.e. your preferred product category)
What’s the Best Way to Optimize your BMO Rewards?
Based on the above redemptions table, it’s clear that the best way to redeem your BMO Rewards points is either by applying them to travel purchases made on your BMO Rewards credit card or turning their value into a contribution towards a BMO savings or investment account.
Are BMO Rewards Worth it?
Based on our previous analysis, it’s safe to say that BMO Rewards are best suited to flexible travellers and financial planners – as these two types of spenders will squeeze the most value out of their BMO Rewards points.
If you fit either of these profiles, remember that you also have a couple of options when it comes to choosing which card you use to collect and redeem your BMO Rewards points, everything from premium selections to budget-conscious contenders.
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