Some new ways to earn Blue Rewards are here.
As a reminder, Blue Rewards is the rebrand of the popular Air Miles program. All Air Miles credit cards are now Blue Rewards credit cards.
The BMO Blue Rewards Chequing Account allows you to earn Blue Rewards points on debit purchases. It also comes with a few bonuses for holding a minimum balance and also holding a BMO Blue Rewards World Elite Mastercard.
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What the BMO Blue Rewards chequing account offers
The BMO Blue Rewards Chequing Account is essentially a replacement for the old BMO Air Miles plan. This account has a monthly fee of $17.95 and comes with a list of features.
Earn Blue Rewards on purchases
This is the only BMO chequing account that will earn rewards on debit purchases. When using the included Mastercard debit card, here's what you'll earn:
- 2 points per $1 spent on gas, grocery, club stores (includes Costco), and EV charging
- 1 point per $2 spent on all other purchases
There's also a large welcome bonus. When you get a new Blue Rewards Chequing Account along with a Savings Amplifier account, you can get up to 135,000 bonus points for completing specified actions. How to get the full bonus can be viewed here.
1,500 Blue Rewards points are worth $10 when redeemed for in-store savings. This makes your welcome bonus points worth up to $900.
Monthly bonus points
There are 2 ways you can earn even more points.
If you can keep a minimum daily balance of $4,000, you'll get some bonus points. 500 bonus points will be yours every month you can keep it up.
Pair this bank account with a BMO Blue Rewards World Elite Mastercard, and you'll earn an extra monthly bonus of 500 points.
Other account benefits
There are a few benefits to this account. It includes unlimited transactions, as well as unlimited Interac e-Transfers.
It also comes with complimentary OnGuard Identity Theft Protection.
BMO Blue Rewards credit cards
Want to know more about what BMO Blue Rewards credit cards offer?
After all, simply having the BMO Blue Rewards World Elite Mastercard is a ticket to bonus points with the Blue Rewards Chequing Account. If you want to skip the annual fee of $150, you can also look at the no-fee BMO Blue Rewards Mastercard. But keep in mind that doesn't earn bonus points with the account.
Here are the quick details for each credit card:
| Blue Rewards Mastercard | Welcome Bonus | Earn Rates | Features | Annual Fee, Income Requirements |
|---|---|---|---|---|
| BMO Blue Rewards Mastercard |  $50 GeniusCash + Up to 20,000 bonus points (terms) | * 5 points per $1 spent at Blue Rewards partners, up to $15,000 spent per year* * 1 point per $1 spent on groceries, gas, electric vehicle charging, wholesale, and alcohol purchases, up to $500 spent per month on each* * 0.5 points per $1 spent on all other purchases* | * Roadside assistance
* 0.99% on balance transfers for the first 9 months | * $0
* None |
| BMO Blue Rewards World Elite Mastercard | $150 GC Boost + Up to 100,000 bonus points, first year free (terms) | * 10 points per $1 spent at Blue Rewards partners, up to $25,000 spent per year* * 2 points per $1 spent on groceries, gas, electric vehicle charging, wholesale, and alcohol purchases, up to $500 spent per month on each* * 1 point per $1 spent on all other purchases* | * 4 airport lounge passes per year
* Roadside assistance * 12 types of insurance | * $150 |
GC: $100 + $50
Reward updates
Rewards programs are always adding new ways to earn points. Stay up to date on changes by subscribing to our newsletter.
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