BMO is giving you a good reason to try out their premium bank account.

From now until April 30, when you open up a BMO Premium Banking Plan, you can get a $300 cash bonus.

Let’s dive into how this works.

BMO bank account offer details

First, head over to this site and open up your new account.

Then, you’ll have to complete the following 2 actions:

  • make a deposit of any amount by April 30, 2019, and
  • set up a recurring deposit to the account, and have on deposit posted by May 31, 2019.

This offer is available to anyone, with the exception of current BMO clients who already have a bank account, or anyone who has closed a BMO bank account between January 1, 2018 and April 30, 2019.

Just note this account has a monthly fee of $30, but it’s waived if you maintain a minimum monthly balance of $6,000.

BMO premium bank plan benefits

With this plan, you basically won’t have to worry about paying fees of any kind.

Here’s just some of the features that are included:

  • free cheques, money orders, and bank drafts,
  • unlimited Interac e-transfers,
  • no fees for accessing non-BMO ATM’s worldwide,
  • annual $12 discount on a safety deposit box, and
  • annual fee rebate on any BMO World Elite Mastercard.

Credit card annual fee rebate

The biggest money saver with this premium banking plan is the credit card annual fee rebate. This alone can save you up to $150 per year, depending on the credit card you have.

What cards are eligible for this offer? Glad you asked.

There are 3 cards eligible:

BMO Credit Card Annual Fee Key Features Details, Rates & Fees
BMO AIR MILES World Elite Mastercard $120 * First year free
* 1 Air Mile for every $10 spent
* 3,000 mile sign-up bonus
* Travel insurance
See rates & fees
BMO World Elite Mastercard $150 * First year free
* Guaranteed return for travel reward redemptions
* 4 LoungeKey passes
* Travel insurance
See rates & fees
BMO CashBack World Elite Mastercard $120 * Roadside assistance
* Travel insurance
* 5% cash back for the first 3 months
See rates & fees

Just note for each of these cards, you’ll be required to meet the minimum income requirements of either $80,000 personal or $150,000 household.

BMO AIR MILES World Elite Mastercard

Our top rated AIR MILES credit card, the is a must-have if you collect AIR MILES.

Earn the most AIR MILES of any personal credit card on all of your spending – 1 mile for every $10 spent.

Plus, for a limited time, get a great sign-up offer of up to 3,000 AIR MILES – 1,000 after your first purchase, and another 2,000 miles after spending $3,000 in the first 3 months. You also get access to a one-time use companion voucher.

Add to that a great insurance package featuring 14 types of purchase and travel protection and access to LoungeKey airport lounges with 2 free passes, and you’ve got a great credit card for travelling.

The $120 annual fee is waived in the first year if you would like to give it a test drive.

Get the full details here:

BMO World Elite Mastercard

Prefer a travel card that will allow you to redeem for any type of travel, and get the same guaranteed return rate every time?

The will let you do just that.

Earn 2 points for every $1 you spend and 3 points for all travel and restaurant purchases.

With each point being worth 0.71 cents when redeemed for travel through BMO Rewards, that’s anywhere from 1.42% to 2.13% return on your spending.

You can also get a good sign up bonus of 35,000 points after spending $3,000 in the first 3 months, worth $249.

But that’s not all. This card also comes with great insurance and perks. You’ll get:

This is a major bonus, since most cards that offer access to LoungeKey don’t come with free passes.

Add it all up, and you’ve got a great travel card worth adding to your wallet. Its annual fee of $150 is also waived for the first year.

Get the full details here:

Related: Top 3 BMO Rewards Credit Cards Head-to-Head

BMO CashBack World Elite Mastercard

If you just prefer to keep your rewards simple with a cash back credit card, the is one to consider.

Earn 1.5% cash back on all of your purchases with no limits or caps on what you can earn. Plus, earn 5% on all of your purchases during the first 3 months, up to $4,000 in spending.

And while other cash back cards do have better earn rates, when it comes to travel insurance, this card comes out on top.

Get 13 types of travel and purchase protection, which is unmatched for a cash back card. Plus, get complimentary roadside assistance as a perk as well.

If you want a premium cash back card, for an annual fee of $120, this card is worth taking a closer look at.

Get the full details here: