BMO Rewards Business Mastercard review

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Advertiser Disclosure

Interest Rate: Purchases
14.99
Balance Transfer
22.99
Rewards
1.5 - 3 points
Signup Bonus
35000 points (after spending $5,000)


Am I eligible?


BMO Rewards Business Mastercard is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

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...


Ratehub.ca

If cash back isn’t your preferred type of reward, you should consider the BMO Rewards Business Mastercard. This business credit card allows you to earn BMO Rewards points which you can redeem for electronics, gift cards, travel and more. The card’s annual fee is $120, and is waived in the first year...

- Jordann Brown, Ratehub.ca
GreedyRates.ca

SMB owners with significant monthly gas, office supplies, mobile phone and internet bills have the most to gain from the BMO Rewards Business Mastercard. We recommend the card to those whose business expenses in those categories total more than $5700 per year ($475 per month), which will offset the...

- GreedyRates.ca

Details


Interest Rates
Regular APR Interest Rate 14.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $120.00
Balance Transfer Fee $3.50
Cash Advance Fee $1.50

- Maximum of $4.50 for cash advances on ATMs

- Minimum of $3.00, maximum of $6.00 for cash advances over-the-counter

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 $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus 35000 points after spending $5,000

On purchases within the first 3 months.

Rewards
All Purchases 1.5 points per $1 spent
Restaurants No
Gas 3 points per $1 spent
Groceries No
Hotels No
Travel No
Pharmacy No
Bills 3 points per $1 spent

On cell phone/internet bill payments.

Additional Details

3 points per $1 spent on office supplies

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
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 No
Additional Benefits

- Liability Waiver Program to protect your business against employee card abuse

- Trip Cancellation

- Trip Interruption/Trip Delay

- Lost/Delayed Baggage Insurance

- Emergency replacement cards

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
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


Ratehub.ca

Best BMO rewards points business credit card

from Ratehub.ca

If cash back isn’t your preferred type of reward, you should consider the BMO Rewards Business Mastercard. This business credit card allows you to earn BMO Rewards points which you can redeem for electronics, gift cards, travel and more. The card’s annual fee is $120, and is waived in the first year.

Read full review

If cash back isn’t your preferred type of reward, you should consider the BMO Rewards Business Mastercard. This business credit card allows you to earn BMO Rewards points which you can redeem for electronics, gift cards, travel and more. The card’s annual fee is $120, and is waived in the first year.

Read full review

Less

GreedyRates.ca

Offers substantial insurance benefits and a comparatively low interest rate on purchases

GreedyRates.ca

SMB owners with significant monthly gas, office supplies, mobile phone and internet bills have the most to gain from the BMO Rewards Business Mastercard. We recommend the card to those whose business expenses in those categories total more than $5700 per year ($475 per month), which will offset the card’s annual fee of $120.

Read full review

SMB owners with significant monthly gas, office supplies, mobile phone and internet bills have the most to gain from the BMO Rewards Business Mastercard. We recommend the card to those whose business expenses in those categories total more than $5700 per year ($475 per month), which will offset the card’s annual fee of $120.

Read full review

Less

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