Card Details
- 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
Insurance
-
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
Fees and Eligibility
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:
670
900
Average to Excellent
Our Rating
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
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 $5,000 within the first three months of card ownership.
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Other Recommended Credit Cards
Business Platinum Card® from American Express
Annual Fee
120$
Recommended Credit Score:
670
900
Average to Excellent
Business Platinum Card® from American Express Review
WELCOME BONUS
WELCOME BONUS
- Earn up to 100,000 bonus Membership Rewards® points: Earn 80,000 bonus Membership Rewards® points when you spend $6,000 in purchases within the first three months of Cardmembership. Plus, earn an additional 20,000 bonus Membership Rewards points when you make a purchase after your 14-month Card anniversary date. That’s $1,000 in statement credits, you can reinvest into your business.
- You can maximize your cash flow with up to 55 interest free days. Use the Card throughout the month for all of your everyday business expenses, and earn reward points while you're at it
- Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses
- Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
- Enjoy financial flexibility with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history
- Platinum Cardmembers can enjoy access to specialty services, preferential treatment and a dedicated Concierge team
- As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply
American Express Business Edge™ Card
Annual Fee
120$
Recommended Credit Score:
670
900
Average to Excellent
American Express Business Edge Card
WELCOME BONUS
Earn up to 57,000 Membership Rewards® bonus points in your first year of Cardmembership
- Get choice and flexibility by using points for purchases or redeeming them for a wide range of travel, dining, entertainment and retail rewards options
- Make the most of a suite of business management tools that give you more control over your business anytime and anywhere
- Leverage your cash flow with the option of carrying a balance or paying in full each month
EARN 3X THE POINTS ON YOUR EVERYDAY BUSINESS SPEND
You can earn 3 times the points for Card purchases on eligible business essentials including office supplies & electronics, rides & gas, and eats & drinks.
MONTHLY BONUS POINTS
MONTHLY BONUS POINTS
Up to 12,000 Bonus points Annually: You can earn 1,000 Membership Rewards points for each monthly billing period in which you spend $3,000 in purchases on your Card. This could add up to 12,000 points in a year
EARN 1X THE POINTS ON EVERYTHING ELSE
You can earn 1 times the points on all other purchases charged to the Card
EARNING POINTS
-
Earn 3 times the points for Card purchases on eligible business essentials including;
-
3X the points on Eats & Drinks
-
3X the points on Rides & Gas
-
3X the points on Office Supplies & Electronics
-
Up to a maximum of 75,000 points, and then earn 1X the points on other purchases
As an added benefit of being the Basic Cardmember, you could earn more by referring a friend. For each approved referral you could earn a referral bonus of 5,000 points.
REDEEMING POINTS
Get choice and flexibility with a wide range of travel, dining, entertainment and retail rewards options.
Get choice and flexibility with a wide range of travel, dining, entertainment and retail rewards options.
-
Use points to book flights within Canada or to anywhere in the world with a fixed number of points.
-
Redeem points for statement credits to offset any eligible purchase charged to your Card.
-
Use points to pay for your Amazon.ca purchases at checkout.
-
Use points for a wide range of gift cards and merchandise.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply
Marriott BonvoyTM Business American Express® Card
Annual Fee
120$
Recommended Credit Score:
670
900
Average to Excellent
Marriott Bonvoy™ Business American Express® Card Review
WELCOME BONUS OFFER
WELCOME BONUS OFFER
- Marriott Bonvoy™ Business American Express® Card
- Earn up to 85,000 Marriott Bonvoy™ points. Earn 70,000 Welcome Bonus Marriott Bonvoy™ points after you charge $5,000 in purchases to your Card in your first three months of Cardmembership. Plus, earn 5 points for every $1 in Card purchases on eligible Gas, Dining and Travel (excluding lodging) for the first three months of Cardmembership.
Earning Points
-
You can earn 3 points for every $1 in Card purchases on eligible gas, dining and travel.
-
You can earn 5 points for every $1 in Card purchases at participating Marriott Bonvoy properties.
-
You can earn 2 points for every $1 on all other purchases charged to the Card.
-
Receive a 15,000 points bonus from the Marriott Bonvoy program when you transfer 60,000 points to a frequent flyer program.
-
Transfer points to frequent flyer miles with a wide selection of airlines.
-
As an added benefit of being the Basic Cardmember, you9 could earn more points by referring a friend. For each approved referral you could earn a referral bonus of 10,000 points.
Redeeming Points
-
Experience 29 distinct brands including SheratonTM, WestinTM, St. RegisTM, The Luxury CollectionTM, WTM Hotels, Le Me?ridien, Tribute Portfolio, ElementTM, AloftTM, Four PointsTM by Sheraton and Design HotelsTM. Learn more at www.marriott.com.
-
Experience once-in-a-lifetime events with Marriott Bonvoy MomentsTM, for unforgettable opportunities like meet and greets with A-list artists and athletes, backstage concert passes, pro golf clinics and much more.
-
Redeem points for free nights with no blackout dates at over 6,700 of some of the world’s most extraordinary hotels and resorts around the globe.
-
Redeem your points for flights on some of the world’s leading airlines.
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply
Author Bio
Mohamed Konate
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.
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