BMO Bank Credit Cards Comparison 2023: Best Cards with Detailed Overview and Annual Fees

As one of Canada’s premier financial institutions, BMO Bank offers a wide range of credit cards tailored to suit diverse lifestyles and financial needs. Navigating through their various offerings can be overwhelming, but fear not, as this comprehensive comparison blog will guide you through the top BMO Bank credit cards, highlighting their key features, rewards, and annual fees. By the end of this post, you’ll have a clear understanding of which BMO credit card aligns best with your preferences and budget.

BMO Bank Credit Cards Comparison Chart:

Card Name Key Features Rewards & Perks Annual Fee
BMO World Elite Mastercard – 3 BMO Rewards points per $1 spent on eligible travel, dining, and entertainment- 2 BMO Rewards points per $1 on all other purchases – VIP airport lounge access- Comprehensive travel insurance- Concierge service- $80,000 minimum annual income required $150 (Primary card)
BMO CashBack World Elite Mastercard – 1.5% cash back on all purchases- 2% cash back at grocery stores- $10,000 minimum annual income required – Complimentary roadside assistance- Extended warranty and purchase protection- Concierge service $120 (Primary card) / $50 (Additional card)
BMO AIR MILES World Elite Mastercard – 1 AIR MILES Reward Mile per $10 spent on all purchases- Get up to 3,000 bonus miles on your first purchase – Comprehensive travel insurance and protection- Priority pass lounge access- Exclusive AIR MILES perks $120 (Primary card) / $50 (Additional card)
BMO Preferred Rate Mastercard – Low 12.99% interest rate on purchases and cash advances- Free extended warranty and purchase protection – No annual fee for additional cards- Optional Identity Protection Plan $20
BMO CashBack Mastercard – 1% cash back on all purchases- 0.5% cash back on the first $6,000 in purchases- No minimum income requirement – Complimentary roadside assistance- Purchase protection and extended warranty $0
BMO AIR MILES Mastercard – 1 AIR MILES Reward Mile per $20 spent on all purchases<br>- 1.25x Miles at Shell locations- No minimum income requirement – Optional Identity Protection Plan- Extended warranty and purchase protection $0

Detailed Overview:

  1. BMO World Elite Mastercard:
    • Ideal for frequent travelers and dining enthusiasts.
    • Earns accelerated BMO Rewards points on travel, dining, and entertainment.
    • Premium travel benefits, including VIP airport lounge access.
    • Annual Fee: $150 (Primary card)
  2. BMO CashBack World Elite Mastercard:
    • Perfect for those seeking cash back on all purchases.
    • Offers higher cash back rate for grocery store spending.
    • Enhanced protection and services for worry-free shopping.
    • Annual Fee: $120 (Primary card) / $50 (Additional card)
  3. BMO AIR MILES World Elite Mastercard:
    • Designed for AIR MILES collectors and frequent flyers.
    • Earns AIR MILES Reward Miles on all purchases.
    • Exclusive travel perks and priority pass lounge access.
    • Annual Fee: $120 (Primary card) / $50 (Additional card)
  4. BMO Preferred Rate Mastercard:
    • Best suited for those looking for a low-interest credit card.
    • Offers a competitive fixed interest rate on purchases and cash advances.
    • Additional cards for family members with no annual fee.
    • Annual Fee: $20
  5. BMO CashBack Mastercard:
    • Suitable for everyday spending with no annual fee.
    • Provides cash back on all purchases.
    • Added benefits like complimentary roadside assistance.
    • Annual Fee: $0
  6. BMO AIR MILES Mastercard:
    • Tailored for AIR MILES collectors seeking simplicity.
    • Earns AIR MILES Reward Miles on all purchases.
    • Optional Identity Protection Plan for added security.
    • Annual Fee: $0

Conclusion: BMO Bank offers a diverse selection of credit cards, each catering to different spending preferences and rewards goals. Whether you’re a frequent traveler, cash back enthusiast, or AIR MILES collector, there’s a BMO credit card perfectly suited for you. Before applying, carefully review the card’s features, perks, and annual fees to ensure it aligns with your financial needs. With the right BMO credit card in your wallet, you can enjoy a wealth of benefits while managing your finances responsibly.

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