This website does not include all card companies or all card offers available in the marketplace. $120.00 Annual Fee8. Earn and indulge in more rewards every day. Rewards Mastercard, BMO Harris Bank Premium Rewards Mastercard, BMO Harris Premier Services Premium Rewards Mastercard, or a BMO Wealth Management Premium Rewards Mastercard. 40,000 points are equivalent to at least $285 when redeemed for travel rewards through the BMO Rewards centre. We are currently prioritizing assistance for cardmembers who have travel bookings scheduled within the next seven (7) days. It allowed me to choose my flight and enter all the passenger information however once I hit the submit button a message would come up in red writing explaining to call in … The figures below represent the cash value of BMO Rewards points for each class of reward: - Any travel booked through BMO Rewards: .71¢ - Addition to BMO investment account: .67¢ Compare groups of credit cards side by side to find the best card combination based on your spend. If you don’t have enough points to pay for the entire redemption, you can use as many points as you want (there is no minimum), and charge the remaining cash balance to your BMO Rewards credit card. The average value you'll get out of these gift cards will be around 0.5 to 0.6 or so cents per point. Overall, you can redeem your BMO Rewards Points for: This page covers redeeming your BMO Rewards Points for the options listed above and the cash value you can obtain from each. The sign up bonus for the BMO World Elite Mastercard is 40,000 bonus BMO Rewards Points. Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies, cell phone bills and internet bills, and earn 1.5 BMO Rewards points for every $1 you spend elsewhere. The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. BMO Harris Bank Premium Rewards Mastercard: Bonus Points ($435 Value) The Premium Rewards Mastercard is the fastest way to earn travel points. Balance transfer offer. 1 point earned for every dollar you spend on general purchases. BMO has a good line-up of cash back cards, RBC Avion Rewards & RBC Rewards Points Value. Three points are earned for every dollar spent on travel, dining, and entertainment purchases. (21.99% for Quebec residents) learn more. Cardmembers with travel plans within the next seven (7) days are encouraged to contact the Call Rewards Call Centre at 1-800-234-4034 for assistance between the hours of 9 a.m. – 9 p.m. Eastern, seven (7) days a week. Other redemptions such as investments and experiences can also yield solid value if you're looking for non-travel redemptions. You can read about our Rating Methodology, and learn how we calculate rewards in REAL DOLLARS (not just points or miles) ‒ so you can find … 20.99% for Purchases8. You can't use your points to book your own travel online like most rewards programs which is a bit of a bummer. The dollar value of 1 BMO Rewards Point is $0.007. BMO Rewards Points Value. This means you can look around, possibility find some better deals, and save some points! Get 1 BMO Rewards point for every $1 spent 2. BMO Rewards points value varies with the thing you redeem as well as with the season in case of flights, but overall the optimal way to spend BMO points is by redeeming them for travel. Welcome offer: Get 50,000 points and the $120 annual fee waived in the first year. The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. Get a rate of 1.99% on balance transfers for 9 months. This makes these points worth about $0.007 each. You can redeem 140 points per $1 in travel booked with BMO Rewards, which makes each point worth 0.7 cents. 1 point earned for every dollar you spend on general purchases. Compare Mortgages. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. With the BMO Rewards ® Business Mastercard ® *,you get 3 points … No, there is no expiration date while you are an active member. Get up to 40,000 points and the $120 annual fee waived in the first year.66. The best way to maximize how many BMO Reward points you can earn is by using the credit card that rewards you the most points. The dollar value of your BMO Rewards points depends on how you choose to redeem them. compare mortgage rates. 23.99% on cash advances and balance transfers. I wouldn't deliberately shop for merchandise with BMO Rewards Points, but if you're looking to buy something, I would recommend checking the portal to see if redeeming your points could be worth it. Rewards Member Check your available rewards balance, browse the full catalog of available awards and redeem your points or cash by visiting bmoharrisrewards.com. Earn rewards points. ratehub. Customers with travel plans within the next seven (7) days are encouraged to contact the Rewards Redemption Center at 1-800-610-8987 for assistance between the hours of 8 a.m. – 8 p.m. Central, seven (7) days a week, excluding federal holidays. The short answer is, it depends on how you’re using them. 1b Get 3 BMO Rewards points on eligible purchases at gas stations, office supplies and on your cell phone and internet recurring payments 2,4. You earn two points for every dollar charged to the card; 5,000 points is equivalent to $50. All other spending, including spending in the 2-point-per-$1 categories above the $2,500 quarterly cap… For free hotel stays, Marriott Bonvoy is the best choice. Welcome bonus. Editorial Note: All opinions expressed on this site are my own and not those of any bank, rental car company, credit card issuer, hotel company, or any entity mentioned herein. Get the details on buying rewards with airlines, hotels, and more. Find the best credit cards by name, bonus categories, transfer partners, perks & benefits, or by how much you spend per month/year. The estimated dollar value of a BMO Rewards point is $0.007 or 140 BMO Rewards points for $1. 2; Introductory Offer: 25,000 bonus points when you spend $2,000 in the first 3 months of account opening.Learn more about intro bonus points. The BMO rewards points also do not have a consistent value across all their potential redemption categories. Welcome Offer: Get up to 20,000 BMO Rewards welcome points 1. There aren't any other uses of BMO Rewards, which limits the potential upside. When used in this way, each point is worth around $0,007, or roughly around 140 points per $1. So how many BMO Rewards Points do you need to pay for a flight, car rental, or any other kind of travel? But since you earn 3 points for every $1 spent, your return on each dollar spent is $0.021 (2.1%). Multiplying Your BMO Rewards With the BMO World Elite Mastercard, you’ll earn points faster. TD Rewards points value. They are for illustrative purposes only. Get the list of redemption options and calculate the cash value of BMO Rewards Points for each option. Details on the BMO Rewards program and a list of available calculators. Closed on all statutory holidays in Ontario.) This upgraded version gets you 3 BMO rewards points for every dollar spent on travel, entertainment or dining purchases, making it particularly well-suited to those who enjoy frequent trips or time on the … Each card is rated between 1 to 5, 100% based on features and offers. This limits the flexibilty of the program especially compared to other rewards programs which allow you to book travel through a third party website and pay for it with points at a later date. The only downside is that you'll need to book it through a BMO Rewards travel agent. Get up to $470 in value in your first year. You can redeem 30,000 BMO Rewards Points for $100 in cash value which is pretty low compared to other redemption options. With the BMO Harris Bank Performance Points Rewards Program, you can use your performance points to buy what you want, when you want, 24 hours a day, seven days a week. The card offers that appear on this site are from companies from which this website receives compensation. Here’s more: Get a rate of … You'll also get: double your BMO Rewards points,10B and get up to 25% off your next car rental at National Car Rental and Alamo Rent A Car locations worldwide. In general, you’ll get the most value by maximizing the travel rewards program. HSBC Rewards is a flexible rewards program with good point values for the majority of its redemption options.. I recently redeemed my reward points for the first time to book a flight using the BMO Rewards online site. Customers with travel plans within the next seven (7) days are encouraged to contact the Rewards Redemption Center at 1-800-610-8987 for assistance between the hours of 8 a.m. – 8 p.m. Central, seven (7) days a week, excluding federal holidays. Get 50,000 points after you spend $5,000 in the first 3 months* ($350 value) Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments* Earn 1.5 BMO Rewards points for every $1 you spend* 25 payment grace days* Booking travel through Expedia for TD – $50; Booking travel via Book Any Way – … The dollar value of a BMO Rewards point remains constant at $0.007, as you receive a $1.00 credit for every 140 points. When you book travel every $1 = 140 points, making each point worth $0.007. Check out the links below to learn about the point value in other top bank rewards programs. The card also provides 4 complimentary lounge access passes via Lounge Key. Exаmрlе: Currеntlу, you nееd 50,000 points tо rеdееm for $500 іn trаvеl rewards. The higher denominations will usually give you the best value. BMO rewards are only redeemable on the BMO website or by calling BMO Rewards Centre($29.95 booking fee via phone). Redeeming your points for travel expenses will afford you the highest value with 1 point worth $0.007. Canadians a month, save money and make better financial decisions using Ratehub.ca, TFSA Contributions, Withdrawals, Transfers. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). As we correctly guessed in August, to account for the change in the redemption ratio on the BMO World Elite MasterCard, the sign up bonus has been increased to 30,000 points (or a $300 travel credit value). BMO Rewards points can be used to cover all applicable taxes and fees. Get 3 BMO Rewards points on eligible purchases at gas stations, office supplies and on your cell phone and internet recurring payments2,4. Yes, there are many popular airlines to choose from including Air Canada, West Jet, Delta Airlines, and United Airlines. BMO Rewards Points review: How to get the most Out of Your BMO rewards Points. There's a good amount of options to choose from including all of the popular stores and retailers such as Amazon, Hudson's Bay, Indigo, Home Depot, and many more. Welcome offer: Get up to 40,000 points and the $150 annual fee waived in the first year. 10,000 BMO Rewards points 12 months after account opening. This site is informational and meant to provide help in calculating points with various programs. If you find travel that you're interested in, you can use your BMO Rewards Points to book it. The BMO World Elite™* MasterCard®* accrues up to 3 points per $1 spent on eligible purchases and grants cardholders a welcome bonus of 40,000 points, far higher than the welcome bonuses offered by competing travel rewards cards like the American Express Gold Rewards or Scotiabank Gold American Express. It is important to note that BMO "Rewards" and "Points" are the same and will be used interchangeably. BMO Rewards Points can also be used for other redemptions including investments, gift cards, cash/statement credit, and more. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. As such, the value of each point varies depending on what you use it for. As we can see here, not all “cards that earn five times the points” were created equal. This used to be higher but is in line with the industry as many cards are reducing the value of their rewards. For example, when using the BMO World Elite MasterCard, you receive 2 or 3 points for every dollar spent, depending the category. BMO Rewards Points Value. BMO® Rewards® Mastercard®* Review Get 15,000 points and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.. Get 1 BMO Rewards point for every $1 spent! The real value of experiences comes from the experience itself, so if it's something thats worthwhile that you've always wanted to do, it doesn't hurt to treat yourself! The points can be used as a statement credit or can be redeemed on … You'll get 30,000 points when you spend $3,000 in the first 3 months plus an additional 10,000 points on your card anniversary. $1.00 credit ÷ 140 points = TD Rewards points value varies depending on how you use your points. Founded more than 200 years ago, BMO started out as a primarily commercial lenders intended to help business customers do business in and around Montreal. Based on this value, the real earn rate for the BMO eclipse Visa Infinite Privilege* card is as follows: Cardmembers with travel plans within the next seven (7) days are encouraged to contact the Call Rewards Call Centre at 1-800-234-4034 for assistance between the hours of 9 a.m. – 9 p.m. Eastern, … This is the total number of rewards points you could earn in one year, based on the credit card's sign-up bonus and the amount you could potentially spend on the card. Let's look at why this is true: When you redeem points for a flight you are receiving a 2.1% return, which is incredible value for a rewards card. Get a bonus of 15,000 BMO Rewards points. When using your BMO Rewards points, there are no blackout periods so you can travel at any time of the year, even during peak periods. 30,000 points after you spend a minimum of $3,000 within the first 3 months; an additional 10,000 BMO Rewards points anniversary bonus, 12 months … The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. They are meant to provide estimates and may not reflect the exact amount of rewards you will receive. Do note that BMO Rewards Points can also be used towards the taxes/fees of the trip too at the same 0.71 cents per point value! 1b. The website is an absolute joke. Earn 10 points per $1 USD spent on eligible hotel charges when you stay at Marriott properties. The BMO World Elite offers a welcome bonus of 40,000 BMO Rewards points, distributed as follows: 30,000 BMO Rewards points upon spending $3,000 in the first three months. The value of your points can depend on what type of rewards you want to cash them in for. The general rule is that for every 140 BMO Rewards points you earn, you’ll get about $1 in rewards. Do note that BMO Rewards does price match. A 15,000 point redemption will give you $100 towards a BMO investment account which gives your points a value of 0.67 cents per point. BMO Rewards Points can offer you some great value if you redeem them for travel. Join our weekly newsletter for tips, news and deals! BMO Harris Bank Platinum Rewards Mastercard earns 2 points per $1 spent on gasand groceries, up to a combined $2,500 per calendar quarter. With 126+ credit card features compared, finding the best card for you is as easy as looking at one single number. ... To find out how we determined the value of this point, click on the "Redeeming Points… If you're trying to obtain cash rewards, I'd recommend going with cash back credit cards since you'll get more value. Finally (and perhaps most importantly for some), BMO rewards points can also be converted to pseudo-cash options if you aren’t happy with any of the actual rewards being offered. Welcome offer: You deserve to be rewarded! For more information or to redeem your points, visit the Club Rewards website at clubrewardscanada.com or call 1-800-663-0798 1 8 0 0 6 6 3 0 7 9 8 (Monday – Sunday 9 a.m. – 9 p.m. (EST). Greedyrates puts the average point value of a BMO Rewards point at $.007 where the average point value for an MBNA point is $.01, making the MBNA point more valuable (read more about loyalty points here). Use your points for monthly subscriptions, lunch, groceries, gas – redeem your way! Redeem your points for everyday purchases, starting from as little as $1. Welcome bonus. Get a list of the best credit cards based on your spend for purchases in specific categories as well as with retailers, airlines, hotels, and more. Earn rewards points. This includes: When redeeming for travel, there's no blackout dates or any kind of restrictions. Listed below is the average cash value of BMO Rewards Points based on redeeming them for travel. A sign-up bonus of 20,000 BMO Rewards points. 1 That’s a total value of $435! Its generous 15,000 point welcome bonus gets your rewards collection off to a good start, and then you’ll earn 1 BMO Rewards point for every $1 you spend on the card.. Its eligibility requirements are relatively low, putting it within reach for most Canadians. All other purchases would be 1.43% return in points. Some of the many gift card options to choose from. Then, divide that by the number of points or miles you need to redeem the reward. First, get the cash price of your reward and multiply that by 100. I could give you a table with a list of denominations, but it's easier to just supply you with a good ole calculator so that you can get the exact amount. There is no cap on the amount of base points that can be earned. If you're trying to build your balance of BMO Rewards Points or you want to know how much value you can get out of their program, you can use the BMO Rewards Credit Card Point Calculators to calculate total points and the cash value of each card based on spend, card benefits, and annual fees. The BMO World Elite MasterCard is one of the top travel rewards cards in Canada and is definitely worth considering if you’re looking to maximize the value of your BMO Rewards points. These redemptions will typically give you less than 0.71 cents in value with a few exceptions. BMO Rewards can be redeemed towards the cost of travel booked through BMO's in-house travel agency at a rather perplexing ratio of 140 points = $1, thus giving you 0.7 cents/point. Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred 11. Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations. As you can see, the BMO Rewards point value is best used for travel purchases. Redeem your points or cash back for a statement credit to be applied to your BMO Harris Rewards credit card. The BMO Rewards ® Business Mastercard ® * is one of the best Business Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 50,000 points after $5,000 in card purchases ($350 travel value).In addition, the $120 annual fee is waived in the first year!. How much are your BMO Rewards points worth? Point values are not created equally! This option is also located in the bmorewards.com portal. Details on how to get maximum value. The points can be used as a statement credit or can be redeemed on travel, merchandise or gift cards. BMO eclipse Visa Infinite Privilege Card Calculator, BMO eclipse Visa Infinite Card Calculator. BMO Rewards Points will give you the best value of 0.71 cents when you redeem them towards travel. DA: 61 PA: 76 MOZ Rank: 25. Besides that, there is no magic formula for maximizng the value of your BMO Rewards points. The Bank of Montreal, more commonly known as BMO, is Canada's oldest financial institution. BMO Rewards Business Mastercard Welcome offer: Get 35,000 points and the $120 annual fee waived in the first year.1 That’s a total value of $370!1b. That’s a combined value of $400, which is impressive. The gift card options are located in the bmorewards.com portal. The owner of this site is not a legal or tax professional and the statements and articles on this site are opinions of the owner and should not be relied upon for individual circumstances. BMO Rewards Points Average Value - Travel; BMO Rewards Points Cash Value; 1,000 Points: $7: 5,000 Points: $35: 10,000 Points: $71: 20,000 Points: $142: 25,000 Points: $177: 50,000 Points: $355: 100,000 Points: $710 Receive 2 points per $1 spent on eligible gas and grocery purchases, up to $2,500 in combined spend each calendar quarter. Includes costs and promos. BMO Harris Bank Premium Rewards Mastercard: Bonus Points ($435 Value) The Premium Rewards Mastercard is the fastest way to earn travel points. Welcome Offer: First year annual fee waived, plus 35,000 welcome points (after you spent $3,000 in the first 3 months), Earn 3 BMO Rewards points for every $1 spent on travel, dining and entertainment purchases, Earn 2 points for every $1 spent everywhere else, Best in-class travel and medical insurance (unlimited trips per year). The Point Calculator is owned by RF3 LLC. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. A list of all news, guides, and articles featured on The Point Calculator website. BMO Points Calculator for calculating the value of BMO Rewards Points based on redemption. BMO rewards. The point value you get out of these will vary, but they tend to give excellent value most of the time. However, BMO reserves the right to terminate your account with two months’ prior notice, where they can cancel or substitute rewards. Mortgages. The BMO World Elite Mastercard lets you collect a mountain of travel rewards points quickly. How BMO Rewards works. BMO Rewards is a good bank travel rewards program, but it can be a bit complicated due to the points structure. Rewards Member Check your available rewards balance, browse the full catalog of available awards and redeem your points or cash by visiting bmoharrisrewards.com. BMO Rewards Points can be redeemed for gift cards which will give you a range of values depending on the gift card. 14.99% Purchases 3 Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations. It takes 140 points to claim $1 in travel, which means 1 BMO Rewards point is worth .71 cents. Balance transfer offer. The BMO eclipse Visa Infinite* Card uses the same points system as their other credit cards. 25,000 BMO Rewards points when you spend a minimum of $3,000 within the first three months of having the card. In Short: Dollar Value of 1 RBC Rewards point - 0.007$ to 0.02$ CPP 1 for RBC Rewards (0.7 to 2) Points Best Used For: Travel (redeemed with Avion Card) Option to Convert Points to Westjet Points and Hudson Bay Points Business Card Available Value for Travel - Avion You can redeem 65,000 pts to visit Europe for up to maximum of 1300 dollars. Opinions, calculators, and other editorial content on this page have not been approved or endorsed by any entities on this site. The Bank staff, call center associate or any representative will NEVER ask for your password. A sign-up bonus of 20,000 BMO Rewards points. Considering that 1 BMO Rewards point is worth 0.71 cents, the reward rate on these three categories of spending is roughly 2.14% when redeemed for travel. BMO Rewards Points can be redeemed for experiences. Eligible financial products include: This is not much lower than redeeming your points for travel, so it's not a bad way to go if you prefer to invest your rewards. Here is a list of the different ways you can redeem your points and how much 10,000 points would get you in each scenario. 15,000 BMO Rewards points awarded on your card anniversary date which is 12 months after the date which the account is opened. 2 Receive 1 point per $1 spent on all other purchases. $150.00 Annual Fee8. Points redeemed for travel come in at a value of 140:$1 ($0.007 per point), meaning that you’ll need 35,000 Points for $250 towards travel expenses. When you redeem your BMO Rewards Points for travel, you'll get the best value of 0.71 cents per point. Advertiser Disclosure: This website is an independent, advertising-supported comparison service. Furthermore, the card is currently offering a first-year waiver on the $150 annual fee, which improves the value … For $100 worth of travel, you’ll need 14,000 rewards points, roughly. Total points To find out how we determined the value of this point, click on the "Redeeming Points" tab and view the PDF to see the exact calculations. An introductory interest rate of 1.99% on all balance transfers, with a 1% transfer fee charge, for 9 months. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. You have up to 90 days to redeem your points upon closure of the account. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. Its generous 15,000 point welcome bonus gets your rewards collection off to a good start, and then you’ll earn 1 BMO Rewards point for every $1 you spend on the card.. Its eligibility requirements are relatively low, putting it within reach for most Canadians. You can also compare results side by side other BMO Rewards Cards or against competitor cards from other top programs like CIBC and RBC. When used in this way, each point is worth around $0,007, or roughly around 140 points per $1. You have selected a change in location. User our BMO Rewards Points calculator to compare the best BMO Rewards Points credit cards in Canada. The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. BMO Harris Bank Platinum Rewards Mastercard: You will earn an additional one (1) bonus point Your travel arrangements are treated like any other reservation, meaning you’re not limited to rewards seats on airlines or to any particular airline or hotel. Best Western Rewards is also a good choice, since you’ll be earning the same 10 points per $1 USD spent on hotel charges. An introductory interest rate of 1.99% on all balance transfers, with a 1% … About The Point Calculator • Private Policy • Advertising Policy. Will my BMO points expire? BMO Rewards points value varies with the thing you redeem as well as with the season in case of flights, but overall the optimal way to spend BMO points is by redeeming them for travel. With so many options for using your BMO Rewards points, you may be wondering what they’re worth. Redeem your points or cash back for a statement credit to be applied to your BMO Harris Rewards credit card. It is important to note that BMO "Rewards" and "Points" are the same and will be used interchangeably. Technically speaking, the BMO Rewards points value is .0071 cents each since it costs 140 points to claim $1 in … No, points must be redeemed prior to purchase. The value of American Express Membership Rewards points depends on how you redeem, but this bonus is worth at least $300 in travel rewards. BMO accepts last minute travel bookings up to 2 days before departure. You can redeem your BMO Rewards Points towards merchandise for various value. The interest rate on the card is 20.99% on purchases. It really depends on the credit card you use and the rate at which your points accumulate. You can enter any cash amount in the calculator below to see how many BMO Rewards Points you will need to pay for your travel. You can redeem your BMO Rewards Points towards investments with BMO. Do more with the points you already have. 23.99%for Cash Advances8. If you are ready to look at the BMO Rewards World Elite Mastercard, though, you’ll find another worthy card to consider. BMO has a good line-up of cash back cards if you want to stick with the same bank.