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The BMO Rewards Business Mastercard has numerous benefits. The most notable benefit is the ability to collect and redeem BMO Rewards points. When you spend on gas, office supplies, cell phone bills and internet bills, you’ll earn 3 points per dollar spent. All other purchases earn 1 point per dollar spent. Points can be put towards travel or merchandise.
Other benefits of this credit card include optional cards for employees, travel protection, purchase protection, extended warranty and protection against employee credit card abuse. Not only can this card provide a convenient payment method, you can also use the perks to better operate your business and protect against risk. Finally, the interest rate on this credit card is 14.99% which is slightly lower than the industry average.
To use the BMO Rewards Business Mastercard, there is an annual fee of $120. Although, the annual fee will be waived in the first year. If you sign up before October 31, 2020, you’ll be eligible to receive a welcome bonus offer of 35,000 BMO Rewards points. In order to receive the bonus, you must spend $5,000 within the first three months of card ownership.
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.