My Rate Compass

Card Details

Bank Name: BMO
Network Type: Mastercard
Card Type: Business

Fees

Annual Fee: $120
Additional Card Fee: $0
Purchases Interest Rate: 14.99%
Cash Advance Interest Rate: 22.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Average to Excellent (670-900)

BMO Rewards Business Mastercard

Welcome Bonus:
 
BMO Rewards Business Mastercard snapshot
  • 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

Extra Benefits:

  • Optional Employee Cards - empower employees with delegated purchasing authority

Acceptance:

Now you can use your BMO Business Mastercard at Costco locations across Canada

Protection:

  • Liability Waiver Program protects your business against employee card abuse
  • Plus, enjoy Extended warranty and Purchase Protection
BMO Rewards Business Mastercard Rewards
BMO Rewards Business Mastercard Features
Priority airport services
Yes
Airport lounge access
No
Concierge service
Yes
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
Yes
Vehicule rental insurance
Yes
Travel accident insurance
Yes
Travel medical insurance
Yes
BMO Rewards Business Mastercard User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 0 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

BMO Rewards Business Mastercard FAQs
 

Other Recommended Credit Cards

Advantages:

This card offers a lot of travel Protection:

  • Simply use your BMO Rewards Business Mastercard to pay for your travel arrangements and you are eligible to benefit from the following insurance benefits. Collision Damage Waiver
  • Car Rental Personal Effects & Business Property
  • Car Rental Accidental Death & Dismemberment
  • Baggage & Personal Effects
  • Baggage Delay
  • Trip Cancellation
  • Trip Interruption/Trip Delay
  • Flight Delay
  • Common Carrier Insurance
 

Editor`s Review:

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.

Already have this credit card? Tell us what you think

Click on the user reviews tab above to leave a review