Best bmo Credit Cards In Canada

1. BMO CashBack World Elite Mastercard

Earn 5% cash back on groceries for the first $500 spent each month, 2% cash back on gas and recurring bill payments, and 1% cash back on all other purchases.

Annual fee: $99.

Welcome bonus: Earn up to $300 cash back after spending $1,000 in the first 3 months.

2. BMO eclipse Visa Infinite Card

Earn 1.75% cash back on all purchases.

Annual fee: $199.

Welcome bonus: Earn up to $200 cash back after spending $1,000 in the first 3 months.

3. BMO AIR MILES®† World Elite® Mastercard®

Earn 1 AIR Mile per dollar on all purchases.

Annual fee: $120.

Welcome bonus: Earn up to 50,000 Air Miles after spending $3,000 in the first 3 months.

4. BMO Ascend™ World Elite® Mastercard®

Earn 3% cash back on travel for the first $500 spent each month, 2% cash back on gas and groceries, and 1% cash back on all other purchases.

Annual fee: $99.

Welcome bonus: Earn up to $300 cash back after spending $1,000 in the first 3 months.

5. BMO CashBack® Mastercard® for Students*

Earn 1% cash back on all purchases.

No annual fee.

Welcome bonus: Earn up to $100 cash back after spending $500 in the first 3 months.

FAQ

What advantages come with owning a BMO credit card?

There are many benefits to having a BMO credit card, including:

Rewards: Many BMO credit cards offer rewards programs, such as cash back or points that can be redeemed for travel, merchandise, or other items.

Building credit: Using a BMO credit card responsibly can help you build your credit score, which can make it easier to get loans and other forms of credit in the future.

Convenience: BMO credit cards can be used anywhere that accepts credit cards.

Security: BMO offers a variety of security features to protect your account, such as fraud protection and purchase protection.

Access to exclusive benefits: BMO credit cardholders may be eligible for exclusive benefits, such as discounts on travel or merchandise.

What are the different types of BMO credit cards?

BMO offers a variety of credit cards, each with its own set of features and benefits. Some of the most popular types of BMO credit cards include:

Cash back cards: Cash back cards offer you a percentage of your spending back in cash rewards.

Travel rewards cards: Travel rewards cards offer you points or miles that can be redeemed for travel expenses.

Balance transfer cards: Balance transfer cards offer a low introductory interest rate for balance transfers.

Rewards cards: Rewards cards offer you points or miles that can be redeemed for a variety of rewards, such as merchandise, gift cards, or travel.

Student credit cards: Student credit cards are designed for students who are just starting to build their credit history.

How do I choose the right BMO credit card for me?

There are a few things to consider when choosing the right BMO credit card for you, including:

Your shopping preferences: What sort of purchases do you usually make?

Your budget: How much can you afford to spend each month on credit card payments?

Your goals: What are you hoping to achieve with your credit card?

Your credit score: What is your credit score?

The features and benefits of the card: What features and benefits are important to you?

How can I make a BMO credit card application?

You can apply for a BMO credit card online, by phone, or in person at a BMO branch. When you apply for a credit card, you will need to provide your personal information, such as your name, address, and income. Additionally, you must give your credit score.

How do I activate my BMO credit card?

Once you have been approved for a BMO credit card, you will need to activate it. You can activate your BMO credit card online, by phone, or by mail.

How do I make a payment on my BMO credit card?

You can make a payment on your BMO credit card online, by phone, by mail, or in person at a BMO branch.

What is a credit limit?

The largest sum of money you are permitted to borrow with your credit card is your credit limit.

What is a grace period?

The grace period is the amount of time you have to pay your credit card bill in full without being charged interest.

What is a balance transfer?

One way to transfer debt from one credit card to another is through a balance transfer. You may be able to save money on interest by transferring a balance because they often have a low introductory interest rate.

What is a cash advance?

A cash advance is a credit card loan that you take out. Cash advances should only be utilized seldom since they frequently contain hefty interest rates and expenses.

How do I report a lost or stolen BMO credit card?

If you lose or have your BMO credit card stolen, you should report it immediately to BMO. You can report your lost or stolen credit card online, by phone, or in person at a BMO branch.

On my BMO credit card, how can I contest a charge?

If you see a charge on your BMO credit card that you did not make, you should dispute it. You can dispute a charge online, by phone, or in person at a BMO branch.

What are the interest rates on BMO credit cards?

The interest rates on BMO credit cards vary depending on the card. Some cards have a low introductory interest rate, which can help you save money on interest if you pay your balance in full each month. Other cards have a higher interest rate, which can make it more expensive to carry a balance.

How can I improve my credit score with a BMO credit card?

There are a few things you can do to improve your credit score with a BMO credit card, including:

Pay your bill on time each month: This is the most important factor in determining your credit score.

Keep your credit usage low: The amount of credit you are currently utilizing represents your credit utilization. Aim to keep your credit utilization below 30%.

Don't apply for too many credit cards too quickly: Applying for too many credit cards in a short period of time can hurt your credit score.

In the event that you discover any inaccuracies on your credit report, you should promptly dispute them.

What are the rewards programs offered by BMO credit cards?

BMO offers a variety of rewards programs for its credit cards, such as cash back, travel rewards, and points. The rewards program that is right for you will depend on your spending habits and goals.

How do I redeem my rewards from my BMO credit card?

You can redeem your rewards from your BMO credit card in a variety of ways, such as statement credits, travel, merchandise, or gift cards. The redemption method that is right for you will depend on your needs.

How can I get help with my BMO credit card?

If you need help with your BMO credit card, you can contact BMO customer service. You can contact customer service online, by phone, or in person at a BMO branch.

What are the security features offered by BMO credit cards?

BMO offers a variety of security features to protect your credit card account, such as fraud protection and purchase protection. Fraud protection can help you if your card is lost or stolen, and purchase protection can help you if you buy something that turns out to be defective.

What are the terms and conditions of BMO credit cards?

The terms and conditions of BMO credit cards are the rules that govern your account. These terms and conditions will include information about your credit limit, interest rates, fees, and rewards program. You can find the terms and conditions of your BMO credit card online or in your credit card agreement.

Best bmo Credit Cards In Canada

You can redeem your rewards from your BMO credit card in a variety of ways, such as statement credits, travel, merchandise, or gift cards.