As part of the Frugal Flyer Rebates program, we are now offering cash back rebates on nine BMO credit cards.
Cash back rebates are available for five personal credit cards: BMO Cashback World Elite Mastercard, BMO Air Miles World Elite Mastercard, BMO Eclipse Visa Infinite, BMO Eclipse Visa Infinite Privilege, and the BMO Ascend World Elite Mastercard.
Cash back rebates are available for four business credit cards: BMO World Elite Business Mastercard, BMO Air Miles World Elite Business Mastercard, BMO Cashback Business Mastercard, and the BMO Air Miles No-Fee Business Mastercard.
BMO Cash Back Rebates
Frugal Flyer is now offering cash back rebates on BMO’s line of credit cards. Taking advantage of the Frugal Flyer Rebates program, in addition to the card’s existing welcome bonus can become very lucrative. If you are more interested in bank account bonuses, Frugal Flyer also offers cash back rebates on BMO bank accounts.
The table below outlines all of the details surrounding these offers, including the total value you can expect to receive from these cards:
| Credit Card | Welcome Bonus | Other Cash Equivalent Benefits | Frugal Flyer Rebate | Total Value |
| BMO Cashback World Elite Mastercard | Earn 10% cash back on purchases up to $2,500 in spend (structured as $500 on grocery, $300 on transit, $300 on gas, $500 on recurring bills, and $1,000 on everyday purchases – worth $250.) The annual fee of $120 is waived for the first year. | Not Applicable | $50 | $300 |
| BMO Air Miles World Elite Mastercard | Earn 2,000 Air Miles upon spending $3,000 in the first 3 months of account opening (worth $210). The annual fee of $120 is waived for the first year. | Not Applicable | $50 | $260 |
| BMO Eclipse Visa Infinite | Earn 30,000 BMO Rewards upon spending $3,000 in the first 3 months of account opening (worth $201). Earn 2,500 BMO Rewards each month you spend $2,000 for the first 12 months (30,000 BMO Rewards total worth $201). The annual fee of $120 is waived for the first year. | $50 annual lifestyle credit | $50 | $502-$552 |
| BMO Eclipse Visa Infinite Privilege | Earn 50,000 BMO Rewards points upon spending $6,000 in the first 3 months of account opening (worth $335). The annual fee of $499 is not waived for the first year. | $200 annual lifestyle credit | $100 | $635-$835 |
| BMO Ascend World Elite Mastercard | Earn 30,000 BMO Rewards upon spending $3,000 in the first 3 months of account opening (worth $201). Earn 2,500 BMO Rewards each month you spend $2,000 for the first 12 months (30,000 BMO Rewards total worth $201). The annual fee of $150 is waived for the first year. | Not Applicable | $50 | $452 |
| BMO World Elite Business Mastercard | Earn 50,000 BMO Rewards upon spending $5,000 in the first 3 months of account opening (worth $335). The annual fee of $120 is waived for the first year. | Not Applicable | $100 | $435 |
| BMO Air Miles World Elite Business Mastercard | Earn 3,000 Air Miles upon spending $5,000 in the first 3 months of account opening (worth $315). The annual fee of $149 is waived for the first year. | Not Applicable | $100 | $415 |
| BMO Cashback Business Mastercard | Earn 10% cash back on purchases up to $1,500 spend (applicable at office supply stores, cell phone/internet bills, and gasoline – worth $150). This card has no annual fee. | Not Applicable | $100 | $250 |
| BMO Air Miles No-Fee Business Mastercard | Earn 1,000 Air Miles upon spending $3,000 in the first 3 months of account opening (worth $105). This card has no annual fee. | Not Applicable | $100 | $205 |
Note that the lifestyle credit on the BMO Eclipse Visa Infinite and Visa Infinite Privilege Cards is an annual credit per calendar year. This means that you are able to double-dip on the credit twice in a cardholder year, further increasing the value of these cards. This is why these two cards have a range under the “Total Value” column above.
Eligible Personal BMO Credit Cards
BMO Cashback World Elite Mastercard
The BMO Cashback World Elite card earns cash back and offers cardholders the opportunity to earn up to 5% cash back on all grocery purchases.
250 Cash back
$2,500
$250+
$120 (FYF)
Yes
The BMO Cashback World Elite card earns cash back at different rates depending on the category of spend. For example, grocery purchases earn 5% cash back (up to $500 per statement period) and transit purchases earn 4% cash back (up to $300 per statement period).
This card also offers free membership to Boingo WiFi.
BMO Air Miles World Elite Mastercard
The BMO Air Miles World Elite card earns Air Miles and provides cardholders with the opportunity to earn 3x Air Miles on all purchases made at Air Miles partners.
2,000 AIR MILES
$3,000
$300+
$120 (FYF)
Yes
The BMO Air Miles World Elite card earns Air Miles at an accelerated rate for all purchases made at Air Miles partners (3x earning rate) and at grocery stores (2x earning rate).
This card also offers free membership to Boingo WiFi.
BMO Eclipse Visa Infinite
The BMO Eclipse Visa Infinite card earns BMO Rewards points and offers cardholders an annual $50 lifestyle credit.
60,000 BMO Rewards
$3,000
$402+
$120 (FYF)
Yes
The BMO Eclipse Visa Infinite card earns 5 BMO Rewards for every dollar spent on grocery, gas, dining, and transit purchases.
This card has an annual $50 lifestyle credit which is redeemed on the first purchase totaling over $50 on the card. This credit is per calendar year, meaning it can be liquidated twice per cardholder year.
BMO Eclipse Visa Infinite Privilege
The BMO Eclipse Visa Infinite Privilege card earns BMO Rewards points and offers cardholders benefits including an annual $200 lifestyle credit and six complimentary airport lounge passes annually.
90,000 BMO Rewards
$6,000
$104+
$499
Yes
The BMO Eclipse Visa Infinite Privilege card earns 5 BMO Rewards for every dollar spent on grocery, dining, gas, travel, and drugstore purchases.
This card has an annual $200 lifestyle credit which is redeemed on the first purchase totaling over $200 on the card. This credit is per calendar year, meaning it can be liquidated twice per cardholder year.
Cardholders are able to access six annual complimentary airport lounge passes through the Dragonpass program. These passes can be used to gain airport lounge access for the cardholder and their guests.
BMO Ascend World Elite Mastercard
The BMO Ascend World Elite card earns BMO Rewards points and provides cardholders with four complimentary airport lounge passes annually.
60,000 BMO Rewards
$3,000
$402+
$150 (FYF)
Yes
The BMO Ascend World Elite card earns 5 BMO Rewards for every dollar spent on travel purchases.
Cardholders will receive four annual complimentary airport lounge passes through the Dragonpass program. These passes can be used to gain airport lounge access for the cardholder and their guests.
This card also offers free membership to Boingo WiFi.
Eligible Business BMO Credit Cards
BMO World Elite Business Mastercard
The BMO World Elite Business Mastercard earns BMO Rewards points and provides cardholders with two complimentary airport lounge passes annually.
50,000 BMO Rewards
$5,000
$335+
$120 (FYF)
Yes
The BMO World Elite Business Mastercard earns 4 BMO Rewards for every dollar spent on gas, office supplies, cell phone services, and internet bill purchases
Cardholders will receive two annual complimentary airport lounge passes through the Dragonpass program. These passes can be used to gain airport lounge access for the cardholder and their guests.
BMO Air Miles World Elite Business Mastercard
The BMO Air Miles World Elite Business card earns Air Miles and gives cardholders the opportunity to earn 4x Air Miles for every $12 spent at Air Miles partners.
3,000 AIR MILES
$5,000
$450+
$149 (FYF)
Yes
The BMO Air Miles World Elite Business card earns 4x Air Miles for every $12 spent at Air Miles partners.
BMO Cashback Business Mastercard
The BMO Cashback Business card earns cash back and gives cardholders the opportunity to earn 1.75% cash back on purchases at Shell gas stations.
150 Cash back
$1,500
$150+
$0
Yes
The BMO Cashback Business card earns 1.75% cash back at Shell gas stations and 1.25% cash back on purchases at other gas stations, office supply stores, and on recurring cell phone and internet billings.
BMO Air Miles No-Fee Business Mastercard
The BMO Air Miles No-Fee Business card earns Air Miles and gives cardholders the opportunity to earn 1.25x Air Miles for all purchases at Shell gas stations.
1,000 AIR MILES
$3,000
$150+
$0
Yes
The BMO Cashback Business card earns 1.25x Air Miles at Shell gas stations and 1x Air Miles on all other purchases.
Conclusion
The BMO lineup of credit cards has something for everyone as they offer rewards in various programs including Air Miles, BMO Rewards, and straight cash back. We recommend considering the benefits, ease of redemption, and how they align with your travel plans before picking the BMO credit card that is right for you.
If you want to earn additional cash back on your BMO credit card application, visit the Frugal Flyer Rebates page and follow the steps to apply.
Hugh Campbell
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