Pros & Cons
Pros
- +Welcome Bonus: 20,000 points
- +Purchase protection included
- +No annual fee
Cons
- –Foreign Transaction Fee (2.5%)
Our Review
With this offer for the BMO Blue Rewards Mastercard, you receive a 20,000 Blue Rewards points welcome bonus. In addition, you benefit from a 0.99% introductory interest rate on balance transfers for nine months.
With the BMO Blue Rewards Mastercard, you earn 5 points per dollar at participating Blue Rewards partners and 1 point per dollar on groceries, gas, electric vehicle charging, wholesale and alcohol purchases (including Costco). And 0.5 point per dollar on all other purchases.
Finally, enjoy three months of Instacart+ membership and a $5 monthly Instacart credit when you sign up with your eligible BMO credit card.
Offer ends: 2026-10-31
Rewards
All Spending
0.5x
Blue Rewards pts per dollar
Groceries
1x
Gas
1x
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
15,360
Blue Rewards/yr
Estimated Value
$154
After Fees
+$154
1st Year Value
$354
incl. welcome bonus
Annual rewards breakdown
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Included
Interest Rates
- Purchase Rate21.99%
- Cash Advance23.99%
- Balance Transfer Promo0.99%
Fee: 2
- Foreign Transaction Fee2.5%
Terms & Conditions
Card Features
Welcome Offer: Get 20,000 Bonus Points and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee*. Plus, earn rewards from over 400 brands.*
- Earn 5 Points for every $1 spent at participating Blue Rewards Partners*
- Earn 1 Point for every $1 spent on groceries, gas, electric vehicle charging, wholesale and alcohol purchases*
- Earn 0.5 Points for every $1 spent on everything else*
- Earn additional Points on top of your credit card Points when you use your physical or digital Blue Rewards Member Card at checkout*
- Get even more Blue Points when you add an extra cardholder for free
Benefits
- Redeem any amount of Points to reduce what you pay out of pocket when using a combination of your BMO Blue Rewards credit card and Points*
- Redeem your Points for entertainment, merchandise, eGift Cards, in-store purchases and more*
- Unlock exclusive offers at top brands through Blue Rewards offers
- Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool
- Get 20% off admission to Cirque du Soleil shows touring Canada and 15% off resident shows in Las Vegas
- Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing.*
- Extended warranty and purchase protection*
- Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Legal
†Terms and conditions apply.
BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.