Whether you’re looking for flexible rewards, a great insurance package, or rare cardholder perks – with annual fees ranging from $0 to $150 – BMO offers a wide selection of credit cards that could suit your needs.

The best BMO credit card for...

Costco Shoppers BMO AIR MILES World Elite Mastercard
Cash back lovers BMO CashBack World Elite Mastercard
Travel insurance BMO World Elite Mastercard
Low interest BMO Preferred Rate Mastercard
Students BMO SPC CashBack Mastercard

And if you still have questions, you might be able to find some answers in the FAQ section below.

The best BMO card for shopping at Costco

Wouldn't it be nice if you could get up to 2% return on all of your Costco spending?

Believe it or not, the can give you exactly that.

This card will give you 1 AIR MILES mile for every $10 you spend – even at Costco. Depending on how you redeem your miles, you could be looking at a value of 2 cents per dollar spent.

The BMO AIR MILES World Elite Mastercard will also give you:

  • up to 3,000 bonus miles in your first 3 months,
  • a 15% discount on AIR MILES flights within North America,
  • complimentary access and 2 annual passes to Mastercard Airport Experiences Provided by LoungeKey,
  • one of the most comprehensive insurance packages on the market, and
  • you'll get to experience it all for FREE for the first year.

The best BMO credit card for cash back

If you're looking for simple and straightforward cash back rewards, the could be the one.

The BMO CashBack World Elite Mastercard will give you:

  • 5% cash back on all your purchases in your first 3 months (up to $4,000 spent), and
  • 1.5% cash back on all other purchases.

You'll earn a solid 1.5% cash back everywhere you shop and the benefits do not end there.

One thing that really makes this cash back card stand out? You get to decide WHEN you want your rewards and HOW you want them. You can have them deposited into your BMO chequing or savings account, your BMO InvestorLine, or you can get it as a statement credit.

Plus, with this card, you'll be able to enjoy some real peace of mind. Not only does it come with 13 different types of travel and purchases insurance, but you'll also be given complimentary roadside assistance (which is a $69 annual value).

The best travel insurance on a BMO credit card

As mentioned above, the has one of the best insurance packages of any credit card in Canada.

With the BMO World Elite Mastercard, you'll get more insurance coverage than any other credit card on the market:

This includes the very rare Personal Effects Insurance.

This travel insurance covers any of your personal belongings (with a few exceptions), during the entire course of your trip, in the event that something you own is:

  • lost,
  • stolen, or
  • damaged.

You could be in your hotel, a taxi-cab, or even out shopping – and your personal belongings are covered. And while all of BMO’s World and World Elite cards come with this type of insurance…

...none of the other big 5 banks offer it at all.

In fact, almost all cards that offer any type of insurance on your bags or belongings only cover you while you’re actually in transit via a common carrier (think plane, ferry, or train). A select few more will cover you while in a rental car or hotel. But that’s it.

The best low interest BMO credit card

If you're looking for a card with a low interest rate, the is a low annual fee card that has a low interest rate to go with it.

However, keep in mind, the BMO Preferred Rate Mastercard is only good for you if you have a high credit score.

For $20 a year, you'll be able to get a permanently low interest rate of only 12.9% – if you're someone who carries a balance on your credit card, this low rate could really help you save big time.

You'll also get an introductory 3.99% interest rate for 9 months on balance transfers (a 1% balance transfer fee applies) if you have any pre-existing credit card debt you want to transfer over so that you can pay it off quickly.

The best BMO credit card for students

BMO offers 2 cards for students that are worth taking a look at:

  • the , and
  • the .

Not only will these cards give you great credit card rewards, but they're no fee cards that will also give you a complimentary SPC (Student Price Card) Membership.

That means that both of these cards will give you between 10-20% discounts at over 250 locations in Canada – allowing you to save on clothes, food, accessories, travel, and much more.

You just need to decide if you want to earn cash back or AIR MILES.

Compare BMO Credit Cards

BMO frequently asked questions

How do BMO credit cards work?

In recent years, the Bank of Montreal has been pushing the envelope and has made a name for themselves by providing Canadian consumers with:

While it seems that they've recently taken their foot off the gas a little by scaling back the cash back earned on the ‒ and by devaluing their BMO Rewards slightly…

They still have cards showing up in many of our Best Credit Cards lists, including the scoring the Best AIR MILES award (by a landslide).

How can I get my BMO Mastercard annual fee waived?

Need another reason to check out this list of BMO Mastercards?

What about the fact that you could get some of BMO’s premium credit cards for free? If you’re the type to have $6K or more in your bank account, keep reading...

How it works: You’ll need to have a BMO Premium Banking Account. Simply apply online for the cards listed above and then upgrade your BMO bank account to premium. Keep in mind those accounts come with a fee of their own, although BMO will also waive that fee if you keep a minimum monthly balance of $6K in your chequing account.

The end result…you’ll get no fee banking with all the bells and whistles, a premium credit card with above average rewards, a long list of insurance coverage, and perks at absolutely no cost to you.

How can I apply for a BMO credit card?

You can apply for any BMO credit card by using one of our secure apply links.

Simply click on the "Learn More" button on any of the cards above, which will take you to the card's page. There you'll find additional information and an "Apply Now" button.

Click "Apply Now" and you'll be taken to the BMO website where you can securely apply for the card you're looking at.

How can I find my BMO credit card login?

If you already have a BMO card and would like to login to your account, you can simply visit the following link:

https://www1.bmo.com

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

* Conditions apply.

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