The BMO Rewards program is Bank of Montreal’s in-house loyalty program. The BMO Rewards loyalty program provides members with the opportunity to earn points solely from credit cards and redeem them for a variety of options, including travel and gift cards.
BMO offers four personal credit cards that earn BMO Rewards points:
| Credit Card | ||
|---|---|---|
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120,000 BMO Rewards and $100 FlyerFunds Estimated value: $904 Ends Jan 31, 2026 |
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90,000 BMO Rewards and $125 FlyerFunds Estimated value: $728 Ends Jan 31, 2026 |
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60,000 BMO Rewards and $125 FlyerFunds Estimated value: $527 Ends Jan 31, 2026 |
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20,000 BMO Rewards and $100 FlyerFunds Estimated value: $234 Ends Jan 31, 2026 |
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There is also one business credit card available that earns BMO Rewards points:
| Credit Card | ||
|---|---|---|
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100,000 BMO Rewards and $75 FlyerFunds Estimated value: $745 Ends Dec 13, 2025 |
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Let’s look at how you can quickly earn and redeem BMO Rewards points for the maximum value towards your next vacation.
Earning BMO Rewards Points
Earning BMO Rewards Points via Welcome Bonuses
A consistent trend among bank loyalty programs is that the quickest and most efficient way to earn points is via credit card welcome bonuses. These bonuses provide a large amount of points to new cardholders who can meet the requirements, which can involve making a purchase or spending a set amount in a period of time.
The BMO Ascend World Elite Mastercard is typically the best card of the bunch, as it offers a welcome bonus of up to 90,000 BMO Rewards points for a reasonable annual fee of $150.00.
The BMO Ascend World Elite Mastercard earns 5x BMO Rewards on travel purchases and offers four airport lounge passes annually.
90,000 BMO Rewards
$34,500
$728+
$150.00 (FYF)
Yes
Jan 31, 2026
If you are interested in a more premium metal credit card, and are ok with a higher annual fee of $599.00, the BMO eclipse Visa Infinite Privilege card is a great option as it offers a welcome bonus of up to 120,000 BMO Rewards points.
The BMO eclipse Visa Infinite Privilege card offers benefits including an anniversary $200 lifestyle credit and six annual airport lounge passes.
Check out our BMO eclipse Visa Infinite Privilege card review for more details.
120,000 BMO Rewards
$75,000
$904+
$599.00
Yes
Jan 31, 2026
Ultimately, choosing the card that has the right annual fee and income requirements for you, coupled with a welcome bonus that has requirements that you can meet, will determine which BMO Rewards credit card is the best one to add to your wallet.
Earning BMO Rewards Points via Daily Spending
BMO Rewards points are also earned for all eligible organic spend on any BMO Rewards credit cards. You can earn the most points possible by maximizing specific category spend on the correct BMO Rewards earning credit card.
We’ve summarized the BMO Rewards points earning rate for all eligible credit cards below:
- BMO eclipse Visa Infinite Privilege Card
- Earn 5 BMO Rewards points for every dollar spent on grocery, dining, gas, travel, and drugstore purchases (up to a combined $100,000 in spend per calendar year)
- Earn 1 BMO Rewards point for every dollar spent on all other purchases
- BMO Ascend World Elite Mastercard
- Earn 5 BMO Rewards points for every dollar spent on eligible travel purchases (up to $15,000 in purchases during a calendar year)
- Earn 3 BMO Rewards points for every dollar spent on dining, entertainment, and recurring bill payment purchases (up to $10,000 in spend in each category per calendar year)
- Earn 1 BMO Rewards point for every dollar spent on all other purchases
- BMO eclipse Visa Infinite Card
- Earn 5 BMO Rewards points for every dollar spent on grocery ($6,000/year), gas ($20,000/year), dining ($6,000/year), and transit ($20,000/year) purchases up to a set dollar limit per calendar year
- Earn 1 BMO Rewards point for every dollar spent on all other everyday purchases
- BMO eclipse rise Visa Card
- Earn 5 BMO Rewards points for every $2 spent on recurring bill payments, groceries, dining, and takeout
- Earn 1 BMO Rewards point for every $2 spent on all other purchases
- BMO Ascend World Elite Business Mastercard
- Earn 4 BMO Rewards points for every dollar spent on gas, office supplies, cell phone services, and internet bill purchases (up to $50,000 in spend per calendar year)
- Earn 1.5 BMO Rewards point for every dollar spent on all other purchases
The standouts on this list are the BMO eclipse Visa Infinite card as it earns 5x BMO Rewards points on several high-value categories, which is to be expected as a premium credit card.
The BMO eclipse Visa Infinite card is also an excellent choice since it also earns 5x BMO Rewards points among many popular categories, but it does have an annual bonus spending cap in each category as well.
Redeeming BMO Rewards Points
Cardholders can redeem BMO Rewards points via four methods: book any way travel, BMO investments, a statement credit, and gift cards or merchandise.
The best redemption value you should aim to get from a BMO Rewards point is 0.67 cents per point, which is possible with a few of the methods below.
Book Any Way Travel
Cardholders are able to redeem BMO Rewards points towards “Book Any Way” travel, which is travel that they have booked on their own, directly with a provider such as a hotel or an airline, and have charged the purchase to their credit card that earns BMO Rewards points.
BMO Rewards points can be cashed out at a rate of 0.67 cents per point with this method, which is the highest cash value you can expect to receive from your points.
Eligible travel purchases for this method of redemption include flight expenses and ancillary fees, cruises, car rentals, long-distance train tickets, hotels and resorts, timeshares, chalets and vacation rentals, bookings with travel agencies and tour operators, and vacation packages.
In order to redeem BMO Rewards towards your travel transactions, simply charge the transaction to your BMO Rewards earning credit card.
Then, within the next 30 days, log into your BMO Rewards account on the BMO Rewards site and click the “Pay with Points” option. Select the eligible travel transaction and choose the number of points that you want to apply toward your transaction.
Once redeemed, the redemption will appear on your BMO Rewards card statement as a statement credit within 3-5 business days.
BMO Investments
BMO Rewards points can be redeemed for cash that will be deposited in an eligible BMO investment account. Eligible investment accounts include the BMO Premium Rate Savings Account, the BMO Smart Saver Account, and BMO Investorline accounts. BMO Rewards points can be cashed out at a rate of 0.67 cents per point with this method.
A minimum of 15,000 BMO Rewards points can be redeemed for a $100 investment account credit. If you hold an eligible BMO investment account, this can be a great option for redemption if it aligns with your personal finance goals.
Statement Credit
BMO Rewards points can also be redeemed towards any non-travel purchase as a statement credit. A minimum of 200 BMO points must be redeemed for a $1 statement credit, making this redemption value BMO Rewards points at a rate of 0.5 cents per point.
If you were interested in making this redemption, the instructions are the same as in the “Book Any Way” travel redemption above. Instead of choosing a travel expense, you would simply choose any transaction that you wish to redeem your points towards.
We would caution you not to redeem your BMO Rewards points through this method, as it will result in you getting less than the best value out of your points. Instead, consider taking advantage of the refundable hotel trick to easily turn your points into cash.
Gift Cards & Merchandise
Those who hold BMO Rewards cards can also redeem their points for gift cards and merchandise. The BMO Rewards gift card and merchandise store has over 1,400 products for you to redeem your points on. This includes general merchandise such as electronics in addition to gift cards for various services and retailers.
The cent per point value varies with gift cards and merchandise redemptions, however, it is often below the 0.67 cents per point rate that you can achieve with the book any way travel or investment redemptions.
With that in mind, we would advise against using your BMO points for gift cards or merchandise due to the low redemption value unless if you have zero interest in redeeming your BMO Rewards points for travel purchases, where you will receive the most value possible.
Frequently Asked Questions
BMO Rewards points are worth a maximum of 0.67 cents per point.
BMO Rewards points can be redeemed towards eligible travel expenses, credit in a BMO investment account, a statement credit, gift cards, and merchandise.
The best use for your BMO Rewards points is to either redeem them towards travel expenses charged to your eligible BMO Rewards credit card or cash them out for credit in your eligible BMO investment account.
No, BMO Rewards points do not expire provided you hold a BMO Rewards accruing credit card.
If you close your BMO Rewards credit card, you will have 90 days to redeem those points towards gift cards and merchandise only. As a result, ensure you redeem all of your points before closing your credit card.
No, BMO Rewards points cannot be transferred and must be retained by the primary credit card account holder.
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From the BMO rewards website:
Maximize your
points potential
Earn BMO Rewards points on your purchase
and additional rewards through hotel or
airline loyalty program memberships.
What are these hotel or airline loyalty program memberships?