BMO Bank of Montreal Credit Cards

by John_S on November 10, 2011

Bank of Montreal offers a full array of financial services to its institutional, corporate, commercial, small business, and individual clients. Financial products and services range from day-to-day banking to investment products, loans and mortgages, specialized banking services, and credit cards. Bank of Montreal credit cards include rewards credit cards, no fee credit cards, prepaid credit cards, and a variety of others.

BMO Student Credit Cards

The student population has a variety of Bank of Montreal credit cards to choose from. BMO features them as student no fee credit cards meaning that they are offered with no annual fee. One credit card to look into is the BMO SPC AIR Miles MasterCard, going with an interest rate of 19.5 percent and 12.9 percent interest rate for an annual fee of $35. The card is featured with free protection from fraudulent use and theft, and student discounts ranging from 10 to 15 percent in participating retailers. Among them are Pizza Nova, Jean Machine, Old Navy, Burger King, and hundreds of others. This card is a good choice for students who love to reward themselves with travel, gift cards, movie tickets, and more. The card earns one bonus point for every $20 charged to it and double miles at AIR MILES and AIR MILES Collector Card sponsors. The credit card also goes with zero liability, purchase protection, and extended warranty. Another of the BMO financial group credit cards is the BMO SPC CashBack MasterCard. This card is an ideal choice for students who want to earn cash credits and get discounts. The credit card is featured with a 19.5 percent interest rate, 0.5 percent cash back, and 10 to 15 percent discounts at your favorite places, from Pizza Hut to Eagle Outfitters. This card also goes with extended warranty, zero liability, purchase protection, and MasterCard Global Service. MasterCard offers assistance with locating ATMs, emergency card replacement, and lost and stolen cards. Students do not need a parent’s signature or letter of reference to apply for both BMO Financial Group credit cards.

Bank of Montreal US Dollar Credit Cards

Clients of BMO Financial Group who look for Bank of Montreal credit cards in US dollars can check the BMO US dollar MasterCard. It is a good choice for persons who like to do cross border shopping, shop online from US retailers, and want to book rental cars and hotels for travel in the USA. The card is featured with an annual fee of $25 USD, 19.5 percent interest rate, and free additional cards. Zero dollar liability from fraudulent use and theft is also offered with this card. Clients who charge over $1,000 in purchases a year get a rebate on the card’s annual fee.

BMO Cash Back Credit Cards

Bank of Montreal credit cards with cash back are an option ideal for persons who want to get cash rebates. One card offered by BMO Financial Group is the BMO Premium CashBack MasterCard, going with a 19.5 percent interest rate, $49 annual fee, and 1 percent cash back on every purchase. Every $100 spent in purchases earns 1 dollar. Thus, cardholders who spend $5,000 a month on their credit cards earn $600 per year. The card is also featured with purchase protection, extended warranty, BMO Basic Roadside Assistance, and zero dollar liability. With BMO Roadside Assistance, clients save money on purchasing an additional coverage, which includes lock-out service, flat-tire change, battery boosts, and towing. Additional travel insurance options include BMO pay-as-you-go RoadAssist, BMO travel protection, and BMO Total Travel and Medical Protection. Cardholders who opt for the latter enjoy emergency coverage for trips and coverage for eligible expenses up to $2 million. Cardholders should be under the age of 65 if they opt for another beneficial feature, BMO Medical Protection. Holders and family members are covered for private duty nurse (expenses up to $5,000), emergency medical expenses, ambulance, and hospital stays. The cover also includes emergency dental expenses but up to $2,000 per person.

Another of the BMO credit cards with cash rebates is the BMO CashBack MasterCard, which goes with no annual fee, 19.5 percent interest rate, and 0.5 percent cash back. Clients who spend $4,000 annually are entitled to receive a $20 rebate. Spending $2,500 a month on the credit card earns $156 a year, while customers who spend $5,000 every month get a rebate of $300. In general, every $200 charged to the card earns one dollar. Clients of BMO who shop at Shell triple their cash rebates. This card is a good choice for customers who want to earn cash credits and save on car rentals and gas. Additional cards are offered at no added cost. Cardholders who want to have a reduced interest rate of 12.9 percent pay $35 more in annual fees.  

Bank of Montreal Low Interest Credit Cards

Clients of the Bank of Montreal who look for low interest credit cards can opt for either the BMO Premium CashBack MasterCard or the BMO CashBack MasterCard. The interest rate on both cards is 12.9 percent for a fee or additional fee of $35 a year. Another low interest rate option is the BMO Preferred Rate MasterCard, which goes with a 17.5 percent interest and no annual fee or 11.9 percent and an annual fee of $20. Additional cards are offered free-of-charge. This card is an ideal choice for clients of the BMO Financial Group who seek cost-effective credit and prefer savings over extras. Free purchase protection and extended warranty are offered with the card. Items charged to the credit card are insured for 90 days against theft. Moreover, clients save on purchasing extended warranty as they are covered already. Two other BMO Financial Group credit cards going with a low interest rate are the BMO AIR MILES MasterCard and the BMO Gold AIR MILES MasterCard.

BMO Reward Credit Cards

Those who look for Bank of Montreal credit cards with rewards will enjoy the fact that there is a variety of credit cards on offer. One card to check is the BMO World Elite MasterCard, featured with an annual fee of $120, interest rate of 20.5 percent, and additional cards for $20 a year. This card is intended for persons who are frequent fliers, want to collect travel points and travel worry-free. A welcome bonus of 15,000 points is offered to all cardholders. Every dollar in purchases earns 1 bonus point to be redeemed for flight charges. There are no blackout periods, and the points never expire. Travel insurance is one beneficial feature, along with extended warranty and BMO World Elite Total Travel and Medical Protection. Another reward credit card to look into is the BMO Gold AIR MILES MasterCard. Cardholders earn one reward point for every $15 charged to the credit card. There is a welcome bonus of 150 air miles. The card is an ideal choice for clients who want to collect rewards points and reward themselves with gifts, travel, and special events. It is offered with a 19.5 percent interest rate and $99 annual fee. BMO Travel Protection, extended warranty, and other beneficial features are also offered with this card. Another credit card to check is the BMO AIR MILES MasterCard, going with a 19.5 percent interest rate, no annual fee, and 1 reward point for every $20 in purchases.

Bank of Montreal Prepaid Credit Cards

Clients who prefer to have a prepaid credit card may apply for the BMO Prepaid Travel MasterCard. This product is an ideal fit for clients who want to stick to a budget when travelling, prefer to have a credit card with zero interest, and look for a convenient and safe alternative to traveller’s cheques and cash. There are no interest charges and the purchase fee is $9.95, valid for three years. This card is a type of payment card. Thus, it is loaded with the cardholder’s own money, and funds can be loaded from one’s bank account. The card is featured with zero liability, PIN protection, extended warranty, and more.

BMO Business Credit Cards

Business clients of BMO Financial Group can choose from a variety of Bank of Montreal credit cards intended for businesses. One option to check is the BMO Gold AIR Miles MasterCard for Business. This card earns one rewards point for every $15 in purchases, and the first card purchase earns 150 rewards miles. Customers enjoy exclusive 25 percent discounts on AIR MILES flights and AIR MILES My Planet Rewards. The card goes with an annual fee of $119 and 19.5 percent interest rate. Cardholders can opt for a low interest rate of just 12.9 percent for additional $50 a year. Additional benefits offered with this card include optional employee cards MasterCard Easy Savings (qualified purchases earn automatic rebates), and Liability Waver Program. Another option for business clients is the BMO Premium CashBack for Business. Cardholders earn 1 percent cash back on all purchases and 3 percent at Alamo, Shell, and National Car Rental. The card goes with a 19.5 percent interest rate, annual fee of $69 or low interest rate of 12.9 percent for additional $50. BMO Roadside Assistance is also offered for $69. Optional employee cards are available. Clients who look for low interest BMO Financial Group credit cards for business use can check the BMO Preferred Rate MasterCard for Business. This card is offered with no annual fee and interest rate of 17.5 percent or an annual fee of $25 and interest rate of 12.9 percent. The card goes with purchase protection, extended warranty, and BMO Premium BizAssist, offering 24/7 virtual support to business clients. This service is priced at $149 a year. Employee cards cost just $5 a year, empowering employees with purchasing authority. The Liability Waiver Program offered with this card makes sure that business clients are protected against employee card abuse. Finally, the BMO US Dollar MasterCard for Business is a good option for making US purchases. The card goes with a 19.5 percent interest rate and annual fee of $25 USD. The interest-free period is 21 days. Roadside Assistance is an optional feature offered with the BMO US Dollar MasterCard for Business. Identity theft assistance and assistance around the world are offered as well, including help with stolen and lost cards, emergency card replacement, accessing account-related information, and more. Generally, this card is an ideal choice for business owners who live in the USA for more than three months, travel to the States frequently, shop from US merchants or have a US Dollar account.

Corporate clients of the bank can join the BMO Corporate MasterCard Program. The BMO Corporate MasterCard is a flexible and convenient payment solution, enabling corporate entities to consolidate their business expenses, be it fleet, travel and entertainment, or purchases, on a single platform. Cardholders may choose to collect reward miles, either at the cardholder or company level. Every $40 charged to the card earns one reward mile. Those who join the BMO Corporate MasterCard Program enjoy MasterCard easy savings, entitling them to automatic rebates at participating merchants. Advanced Reporting and Data Collection is another service offered with this business credit card, offering 24/7 access to transaction details. This allows cardholders to analyze their spending and is featured with fine-tune reporting.

More Card Options

BMO offers a variety of affinity credit cards as well, allowing customers to support a cause while earning valuable rewards. Animal lovers, for example, can choose from a variety of credit cards, including BMO BC SPCA MasterCard, BMO Calgary Zoo MasterCard, and many others. The BMO Winnipeg Humane Society MasterCard, for example, allows clients to choose from different reward programs – No Fee AIR MILES, Gold AIR MILES, No Fee CashBack, and Premium CashBack. Clients who choose the No Fee AIR MILES option pay no annual fee and earn one bonus mile for every $20 charged to the card. The interest rate is 19.5 percent, and the interest-free period is 21 days. Clients of the Bank of Montreal can also choose from an array of affinity cards for professionals, including the BMO Canadian Dental Hygienists Association MasterCard, BMO British Columbia Medical Association MasterCard, BMO Chinese Professionals Association of Canada MasterCard, and many others. There are affinity credit cards for education as well.

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