Best BMO Bank of Montreal Credit Cards

BMO believes that it is their responsibility to take good care of their customers’ finances. BMO Credit Cards cater come in several different categories such as cashback, travel rewards, no-fee cards etc. Compare BMO Credit Cards below and apply.

Welcome offer: Get 800 AIR MILES Bonus Miles

Interest Rate

19.99%

Balance Transfer

N/A

Annual Fee

$0

Card Type

Student No Fee Travel Rewards

Welcome offer: Get 5% cash back in your first 3 months

Interest Rate

19.99%

Balance Transfer

N/A

Annual Fee

$0

Card Type

No Fee Cash Back

Add another cardholder for free

Interest Rate

19.99%

Balance Transfer

N/A

Annual Fee

$35

Card Type

US Dollar Credit Card

Get 10,000 points when you spend $1,000 in the first 3 months and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee

Interest Rate

19.99%

Balance Transfer

1.99%

Annual Fee

$0

Card Type

Rewards

Enjoy a reloadable and secure card with the same convenience as a standard credit card.

Interest Rate

0

Balance Transfer

N/A

Annual Fee

$6.95

Card Type

Prepaid Credit Card

2,000 AIR MILES Bonus Miles and we’ll waive the $120 annual fee in the first year

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$120

Card Type

Travel Rewards

Get 800 AIR MILES Bonus Miles and a 1.99% introductory interest rate on balance transfers for 9 months with a 1% transfer fee

Interest Rate

19.99%

Balance Transfer

1.99%

Annual Fee

$0

Card Type

Travel Rewards

Welcome offer: You deserve to be rewarded! Get up to 50,000 points

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$499

Card Type

Rewards

Get up to 10% cash back in your first 3 months

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$120

Card Type

Cash Back

Enjoy the most cash back on groceries in Canada without paying an annual fee

Interest Rate

19.99%

Balance Transfer

1.99%

Annual Fee

$0

Card Type

Cash Back

Experience a world of extra rewards at home and away with a great earn rate and travel perks.

Interest Rate

20.99%

Balance Transfer

23.99%

Annual Fee

$150

Card Type

Rewards

Get 5x the points on takeout, groceries and more

Interest Rate

20.99%

Balance Transfer

N/A

Annual Fee

$120

Card Type

Rewards

About the Bank of Montreal Credit Cards

Bank of Montreal (BMO) is one of the top 5 banks in Canada. They are also among the top ten players in the North American banking industry. BMO believes that it is their responsibility to take good care of their customers’ finances. They have opened up many services and offerings to suit their vision. Bank of Montreal Credit Cards is a critical part of BMO’s service and growth strategy. The most popular products include BMO World Elite MasterCard, BMO Air Miles MasterCard, and BMO Air Miles World MasterCard. The travel credits, air miles and bonus points offered are quite appealing to the customers. 

The BMO US Dollar MasterCard which has been designed to enable easy shopping from the US, online and offline has been hugely appreciated by the end-users. The BMO Travel Master card allows users to access funds from any part of the world without incurring interest charges. The student credit cards with cash backs and zero annual fees are a huge hit among the student community. Affinity cards allow customers to support a cause and get cash backs and reward points. 

The main areas covered under affinity cards include animal welfare, arts & culture, health, education, agriculture, sports etc. The cards are aesthetically designed to suit the theme supported. The business community has welcomed small business cards to meet their unique needs.

BMO Fraud Protection

Bank of Montreal Credit Cards is extremely secure from the modern-day threats. The encryption microchip along with the unique identification number adds more layers of security. Bank of Montreal has actively partnered with various players to ensure that the benefits of new technologies in the credit card industry are available for Canadian consumers. The users are instantly alerted in case of any suspicious transactions. 

Personal credit cards have often proved better options than business cards in Canada. But, following the launch of BMO’s business credit cards, the game has changed in favour of small business owners.

In the past, credit cards for businesses were usually mediocre at best. However, BMO’s new business credit cards have some unique offers that set them apart from competitors…

BMO Credit Cards for micro business entrepreneurs

When you start a micro business, you often experience mixed feelings – the high of making your dream a reality and the low of dealing with financial and emotional investment and risk.

Aimed at small businesses, BMO has launched four business credit cards to help users independently launch new market offers.

Take a look at our comparison of BMO’s newly introduced business cards:

Cashback Business MasterCard

The Cashback Business MasterCard is the ideal choice if your business is less travel-oriented and you need to easily pay for telephone/internet bills, gas and office supplies. It gives you cashback on each purchase, and as it doesn’t charge an annual fee or hidden charges, this cash stays with you.

It comes with a good 6% limited time cashback sign-up bonus, which sets it apart from competitors.

Rewards Business MasterCard

This is the first credit card by BMO that enables cardholders to obtain a reward with each purchase they make. You can take advantage of rewards through charitable donations, flights and a wide range of merchandise. With a lower overall yearly fee, the $249 worth 35,000 redeemable bonus points on sign-up used for booking any travel, is also much more than competitors.

The insurance package on this card will cover your travel expenses and big business purchases too.

With a purchase interest rate of just 14.99%, the Rewards Business MasterCard has the lowest interest rate in Canada, compared to similar companies. And, the real plus point is you’re allowed to use the card without any charges for a whole year, to decide if you want to continue enjoying its perks.

Air Miles No Fee Business Card

This enables you to earn rewards on all purchases, along with purchase security insurance and no yearly fee. Furthermore, it gives you one air mile for every $20 you spend and you get some added extras when you use it at Shell.

Air Miles Business Card

This premium card offers the highest earning rate compared to all similar cards. Users gain one air mile for every 10$ spent. BMO also lets you pool your air miles with your business air miles – this card is perfect for frequent travellers. Rewards are tax free, so you don’t need to worry about redemption.

You also get a 1.25 multiplier on Shell purchases, which can prove highly beneficial if you frequently use your car for business travel. It can also prove to be highly beneficial for you if you frequently travel by car for your business.

You could save approximately $519 when you draw your 3000 air mile bonus on sign-up. It also comes with an insurance package and one year of free usage.

Overall, this card is one of the best options for micro business entrepreneurs in Canada.

Perks Available in all four BMO business credit cards

These benefits are available across all four BMO business credit cards:

Universal insurance

The insurance coverage on each card includes the business owner and employees. This is an amazing deal.

Pool reward points

With the exception of cashback, each card lets you pool your personal and business rewards, which saves you extra tax when redeeming your reward.

Limited liability for employees

BMO’s liability waiver helps manage the risk of employees going rogue with the credit card.

Grace period with extension

With 25 days grace, compared to the usual 21 offered by other companies, it’s possible to ditch interest charges.

How do BMO’s cards compare to other micro business cards?

With plenty of rewards and complete insurance coverage, along with several money-saving extras, these BMO cards for small businesses offer lots of of benefits.

In the past, small businesses rarely received rewards on purchases, let alone micro business related transactions. BMO’s Cashback Business MasterCard and Reward Business MasterCard give you rewards on the purchase of everyday items such as office supplies, gas and fuel, internet and cell phone bills. Effectively, it rewards you for your everyday necessities.

These cards also contain comprehensive insurance benefits. They cover the business owner and his or her employees.

All your travelling needs are covered by the air miles offered, whether by air or road. Business and personal belongings are also covered for the time that you’re actually on your trip, as well as time spent in transit.

It also allows you to pool your business and personal rewards and enjoy them any way you want (with the exception of the BMO Cashback Business Card). And, you can save on the extra tax charged on other cards when the time came to redeem your rewards.

When you offer employees individual cards and a liability waiver, it prevents your card from being abused by one or more employees.

Plus, as all these cards are MasterCards, they’re eligible to be accepted almost anywhere, including Costco.

BMO business credit cards stand apart from competitors and a high benchmark has now been set for other providers. They’re a fantastic choice for micro business entrepreneurs.

The Credit card balance protection feature offered for Bank of Montreal Credit Cards reduces the risk of balance payment in case of unfortunate events like death, illness, or prolonged hospitalization of the cardholder. BMO cards can be conveniently used across thirty million world locations. The cash advance feature is quite convenient to access funds without hassles. The easily accessible Moneylogic tool provides meaningful insights to spending patterns that enables users to plan their budget and curb unwanted waste of money and resources. 

The complementary MasterPass service saves and tracks the information on orders. The busy crowd is actively using the PowerSwitch feature to manage routine payments. The exciting rewards programs are also very attractive to users.

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