The BMO Premium Rewards Credit Card earns 4 points per $1 on gas, EV charging, groceries, and dining, up to $2,000 per quarter.
With its excellent rewards structure, this card is perfect for those who want to maximize their spending potential.
If you’re ready to enjoy the benefits and rewards it offers, it might be a great idea to visit the official website and start your application today.
How Does the BMO Premium Rewards Credit Card Work?
The BMO Premium Rewards Credit Card works through a flexible points system on eligible purchases. Points can be redeemed for travel, merchandise, gift cards, or cash back rewards.
You earn 4 points per $1 on gas, EV charging, groceries, and dining, up to $2,000 per quarter. Hotels and airfare earn 2 points per $1, also limited to $2,000 in combined spending.
All other purchases earn 1 point per $1 with no spending caps or restrictions. This structure helps you build rewards steadily on everyday expenses.
What is the BMO Premium Rewards Credit Card?
The BMO Premium Rewards Credit Card from BMO Harris Bank offers enhanced rewards on everyday purchases and travel. It’s ideal for those looking to maximize points while enjoying extra perks.
Cardholders earn points on spending like gas, groceries, dining, hotels, and airfare. With higher rewards in select categories, it’s a strong option for frequent spenders.
To discover how you can apply for the BMO Premium Rewards Credit Card and start earning these benefits, continue reading for detailed application instructions and eligibility criteria.
Benefits of the BMO Premium Rewards Credit Card
Generous Points on Everyday Spending
Earn 4 points per $1 on gas, EV charging, groceries, and dining — helping you maximize rewards where you spend the most.
Travel Rewards Boost
Receive 2 points per $1 on hotels and airfare, making it a great option for frequent travelers looking to stack rewards faster.
10% Anniversary Bonus
Each year, get a 10% bonus on all points earned, rewarding loyalty and increasing the total value of your accumulated points.
No Foreign Transaction Fees
Use your card worldwide without paying extra fees, making it perfect for international trips or online purchases from abroad.
Mastercard® Priceless Experiences
Enjoy access to exclusive events, unique experiences, and special offers available only to Mastercard® cardholders.
BMO PaySmart™ Installment Plans
Split large purchases into predictable monthly payments, helping manage your budget without needing a separate loan.
BMO Premium Rewards Credit Card: Best Ways to Redeem Points
Redeeming your points wisely can maximize the value you get from the BMO Premium Rewards Credit Card. Below are some of the most rewarding options to consider:
| Redemption Option | Point Value Estimate (Per 1,000 Points) | Flexibility | Best For |
| Travel | $10 – $12 | High | Frequent Travelers |
| Merchandise | $8 – $10 | Medium | General Shoppers |
| Gift Cards | $10 | High | Everyday Spending |
| Cash Back | $7 – $8 | High | Bill Payments |
Disclaimer: Values are estimates and may vary. Check your BMO Flex Rewards portal for the latest rates.
How to Apply for the BMO Premium Rewards Credit Card?
Follow these simple steps to apply for the BMO Premium Rewards Credit Card directly through the official website:
- Access the BMO Harris Bank website: Navigate to the personal credit cards section.
- Select the BMO Premium Rewards Credit Card: Locate the card and choose the apply option.
- Complete the application form: Provide your personal, financial, and employment information.
- Review the terms and conditions: Carefully check all rates, fees, and important details.
- Submit your application: Send your request for review and wait for the approval decision.
Who Is the BMO Premium Rewards Credit Card For?
The BMO Premium Rewards Credit Card is tailored for individuals who seek to maximize rewards on their everyday spending and travel purchases. It’s particularly beneficial for those who:
- Spend significantly on gas, EV charging, groceries, and dining: Earning 4 points per $1 in these categories can lead to substantial rewards.
Travel frequently: With 2 points per $1 spent on eligible hotel stays and airfare, frequent travelers can accumulate points rapidly. - Desire flexibility in redemption options: Points can be redeemed for travel, merchandise, gift cards, or cash back, catering to diverse preferences.
- Appreciate added perks: Benefits like no foreign transaction fees and Mastercard’s exclusive offers enhance the overall value of the card.
This card is ideal for those who align with the above spending habits and are looking to maximize their rewards potential.
Is the BMO Premium Rewards Credit Card Worth It?
For those who spend often in the bonus categories, the BMO Premium Rewards Credit Card delivers solid value. Its rewards can easily offset the $95 annual fee when used strategically.
If your spending doesn’t match these categories or you want a no-annual-fee card, other options may fit better.Review your habits to see if this card truly supports your financial goals.
In conclusion, the BMO Premium Rewards Credit Card can be a valuable tool for those who can take full advantage of its rewards and benefits, making it a worthwhile consideration for eligible applicants.
Frequently Asked Questions About the BMO Premium Rewards Credit Card
The annual fee for the BMO Premium Rewards Credit Card is $95, which is waived for the first year. This fee includes access to a variety of rewards and benefits.
No, points earned with the BMO Premium Rewards Credit Card do not expire as long as your account is open and in good standing. This allows you to accumulate rewards over time.
No, the BMO Premium Rewards Credit Card does not charge foreign transaction fees. This is ideal for international travelers and online shopping from abroad.
Yes, the card offers comprehensive travel insurance benefits, including coverage for trip cancellation, interruption, and delay. This helps provide peace of mind during travel.