BMO Credit Cards
Choose from cash back, rewards, travel and no fee cards; competitive purchase rates from 13.99% to 21.99%. Welcome bonuses up to 120,000 points.
BMO offers a comprehensive portfolio of credit cards for Canadians, catering to nearly every financial need. Options include travel rewards, no annual fee, low interest, cash back, and student cards, each designed with specific benefits in mind.
Interest rates range from as low as 13.99% for purchases on their low rate cards, to 21.99% for standard cards. Most cash advances are 23.99%, though some vary for Quebec residents. Annual fees are flexible, from $0 to $599, depending on card benefits and features.
Many cards feature attractive welcome offers, such as earning up to 120,000 bonus points, favourable introductory rates on balance transfers, and annual fee waivers for the first year.
How to Apply for a BMO Credit Card
- Visit the BMO credit card website and browse the available cards.
- Select the card that fits your needs and click to apply.
- Complete the secure online application, providing required personal and financial information.
- Submit supporting documents if requested.
- Await a quick decision, often within minutes.
Main Advantages
One major advantage of BMO’s card range is the diversity: from no-fee cash back cards to premium travel cards with large bonus offers, there’s something for every credit profile and lifestyle.
Additionally, introductory balance transfer rates and annual fee waivers make it easy to save money during your first year as a cardholder. Rewards are flexible, including BMO Rewards, AIR MILES, and cash back.
Main Disadvantages
Some cards have notably high income requirements or steep annual fees, restricting access to premium offerings for average Canadians.
The standard purchase and cash advance interest rates of 21.99% and 23.99% are also fairly high if balances are not paid in full each month.
Verdict
Overall, BMO credit cards offer flexible options for Canadians seeking rewards, low fees, or travel benefits. Their range is broad, welcome offers are competitive, and several cards are easy to qualify for. Evaluate your own spending and reward preferences to choose the best fit.