1 point earned for every dollar you spend on general purchases. Receive 2 points per $1 spent on eligible gas and grocery purchases, up to $2,500 in combined spend each calendar quarter. Welcome offer: You deserve to be rewarded! To determine your rewards redemption value, use this equation: Redemption Value = 100 X Cash Price ÷ Reward Price. BMO Rewards points can be used to cover all applicable taxes and fees. You have up to 90 days to redeem your points upon closure of the account. If you're trying to obtain cash rewards, I'd recommend going with cash back credit cards since you'll get more value. You can redeem your BMO Rewards Points towards merchandise for various value. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. Rewards earned over a 12-month period = 138,800 BMO Rewards points Monetary value = $985.48 Annual statement credit = $200 Annual fee = $499 Total earned over the first year (rewards + statement credit - annual fee) = $686.48* *This calculation does not include the 25% more rewards cardholders can earn for adding a supplementary cardholder. When you book travel every $1 = 140 points, making each point worth $0.007. Do note that BMO Rewards Points can also be used towards the taxes/fees of the trip too at the same 0.71 cents per point value! No, points must be redeemed prior to purchase. Get up to $470 in value in your first year. The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. A list of all news, guides, and articles featured on The Point Calculator website. 20.99% for Purchases8. As with many other programs, merchandise has will usually give your points low value while some redemptions will give you exceptional value. If you are ready to look at the BMO Rewards World Elite Mastercard, though, you’ll find another worthy card to consider. Besides that, there is no magic formula for maximizng the value of your BMO Rewards points. HSBC Rewards is a flexible rewards program with good point values for the majority of its redemption options.. The card also provides 4 complimentary lounge access passes via Lounge Key. This upgraded version gets you 3 BMO rewards points for every dollar spent on travel, entertainment or dining purchases, making it particularly well-suited to those who enjoy frequent trips or time on the … 14.99% Purchases 3 Redeem your points for everyday purchases, starting from as little as $1. BMO accepts last minute travel bookings up to 2 days before departure. Here is a list of the different ways you can redeem your points and how much 10,000 points would get you in each scenario. The best way to maximize how many BMO Reward points you can earn is by using the credit card that rewards you the most points. This is the total number of rewards points you could earn in one year, based on the credit card's sign-up bonus and the amount you could potentially spend on the card. For example, when using the BMO World Elite MasterCard, you receive 2 or 3 points for every dollar spent, depending the category. Closed on all statutory holidays in Ontario.) The BMO World Elite MasterCard is one of the top travel rewards cards in Canada and is definitely worth considering if you’re looking to maximize the value of your BMO Rewards points. ratehub. 30,000 points after you spend a minimum of $3,000 within the first 3 months; an additional 10,000 BMO Rewards points anniversary bonus, 12 months after the Credit Card account open date Cardmembers with travel plans within the next seven (7) days are encouraged to contact the Call Rewards Call Centre at 1-800-234-4034 for assistance between the hours of 9 a.m. – 9 p.m. Eastern, … The only downside is that you'll need to book it through a BMO Rewards travel agent. With so many options for using your BMO Rewards points, you may be wondering what they’re worth. BMO Rewards Business Mastercard Welcome offer: Get 35,000 points and the $120 annual fee waived in the first year.1 That’s a total value of $370!1b. Greedyrates puts the average point value of a BMO Rewards point at $.007 where the average point value for an MBNA point is $.01, making the MBNA point more valuable (read more about loyalty points here). In Short: Dollar Value of 1 RBC Rewards point - 0.007$ to 0.02$ CPP 1 for RBC Rewards (0.7 to 2) Points Best Used For: Travel (redeemed with Avion Card) Option to Convert Points to Westjet Points and Hudson Bay Points Business Card Available Value for Travel - Avion You can redeem 65,000 pts to visit Europe for up to maximum of 1300 dollars. Get the list of redemption options and calculate the cash value of BMO Rewards Points for each option. These redemptions will typically give you less than 0.71 cents in value with a few exceptions. A 15,000 point redemption will give you $100 towards a BMO investment account which gives your points a value of 0.67 cents per point. With 126+ credit card features compared, finding the best card for you is as easy as looking at one single number. Get 3 BMO Rewards points on eligible purchases at gas stations, office supplies and on your cell phone and internet recurring payments2,4. 1; 10% … The value of your points can depend on what type of rewards you want to cash them in for. The interest rate on the card is 20.99% on purchases. BMO Rewards Points can be redeemed for experiences. You can enter any cash amount in the calculator below to see how many BMO Rewards Points you will need to pay for your travel. BMO Rewards points value varies with the thing you redeem as well as with the season in case of flights, but overall the optimal way to spend BMO points is by redeeming them for travel. BMO Harris Bank Premium Rewards Mastercard: Bonus Points ($435 Value) The Premium Rewards Mastercard is the fastest way to earn travel points. How much are your BMO Rewards points worth? BMO Points Calculator for calculating the value of BMO Rewards Points based on redemption. 1b Get 3 BMO Rewards points on eligible purchases at gas stations, office supplies and on your cell phone and internet recurring payments 2,4. All other spending, including spending in the 2-point-per-$1 categories above the $2,500 quarterly cap… BMO Rewards Points can offer you some great value if you redeem them for travel. For free hotel stays, Marriott Bonvoy is the best choice. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. Welcome offer: Get 50,000 points and the $120 annual fee waived in the first year. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. This includes: When redeeming for travel, there's no blackout dates or any kind of restrictions. Your travel arrangements are treated like any other reservation, meaning you’re not limited to rewards seats on airlines or to any particular airline or hotel. BMO Harris Bank Platinum Rewards Mastercard earns 2 points per $1 spent on gasand groceries, up to a combined $2,500 per calendar quarter. In general, you’ll get the most value by maximizing the travel rewards program. Includes costs and promos. For more information or to redeem your points, visit the Club Rewards website at clubrewardscanada.com or call 1-800-663-0798 1 8 0 0 6 6 3 0 7 9 8 (Monday – Sunday 9 a.m. – 9 p.m. (EST). I could give you a table with a list of denominations, but it's easier to just supply you with a good ole calculator so that you can get the exact amount. Multiplying Your BMO Rewards With the BMO World Elite Mastercard, you’ll earn points faster. Get 1 BMO Reward point for every $1 spent on eligible purchases, and get 2 BMO Rewards points for every $1 spent at participating National Car Rental and Alamo Rent A Car locations. An introductory interest rate of 1.99% on all balance transfers, with a 1% … The real value of experiences comes from the experience itself, so if it's something thats worthwhile that you've always wanted to do, it doesn't hurt to treat yourself! Its generous 15,000 point welcome bonus gets your rewards collection off to a good start, and then you’ll earn 1 BMO Rewards point for every $1 you spend on the card.. Its eligibility requirements are relatively low, putting it within reach for most Canadians. But, on average, 1 BMO Rewards point is worth $0.007 when redeemed for travel, this affords consumers the best value for their points. It takes 140 points to claim $1 in travel, which means 1 BMO Rewards point is worth .71 cents. Compare Mortgages. compare mortgage rates. This site is informational and meant to provide help in calculating points with various programs. They are for illustrative purposes only. It is important to note that BMO "Rewards" and "Points" are the same and will be used interchangeably. BMO Rewards can be redeemed towards the cost of travel booked through BMO's in-house travel agency at a rather perplexing ratio of 140 points = $1, thus giving you 0.7 cents/point. First, get the cash price of your reward and multiply that by 100. Earn and indulge in more rewards every day. No, there is no expiration date while you are an active member. Do more with the points you already have. Points redeemed for travel come in at a value of 140:$1 ($0.007 per point), meaning that you’ll need 35,000 Points for $250 towards travel expenses. As we correctly guessed in August, to account for the change in the redemption ratio on the BMO World Elite MasterCard, the sign up bonus has been increased to 30,000 points (or a $300 travel credit value). 23.99%for Cash Advances8. Finally (and perhaps most importantly for some), BMO rewards points can also be converted to pseudo-cash options if you aren’t happy with any of the actual rewards being offered. It is important to note that BMO "Rewards" and "Points" are the same and will be used interchangeably. BMO Rewards Points can be redeemed for gift cards which will give you a range of values depending on the gift card. Redeem your points or cash back for a statement credit to be applied to your BMO Harris Rewards credit card. Eligible financial products include: This is not much lower than redeeming your points for travel, so it's not a bad way to go if you prefer to invest your rewards. The BMO World Elite Mastercard lets you collect a mountain of travel rewards points quickly. $1.00 credit ÷ 140 points = There aren't any other uses of BMO Rewards, which limits the potential upside. The higher denominations will usually give you the best value. You earn 3 points for every $1 spent on travel, dining, and entertainment. The Bank staff, call center associate or any representative will NEVER ask for your password. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. The estimated dollar value of a BMO Rewards point is $0.007 or 140 BMO Rewards points for $1. Check out the links below to learn about the point value in other top bank rewards programs. Editorial Note: All opinions expressed on this site are my own and not those of any bank, rental car company, credit card issuer, hotel company, or any entity mentioned herein. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval. Compare groups of credit cards side by side to find the best card combination based on your spend. 1,200,000 1 point earned for every dollar you spend on general purchases. The BMO World Elite offers a welcome bonus of 40,000 BMO Rewards points, distributed as follows: 30,000 BMO Rewards points upon spending $3,000 in the first three months. I wouldn't deliberately shop for merchandise with BMO Rewards Points, but if you're looking to buy something, I would recommend checking the portal to see if redeeming your points could be worth it. Redeeming your points for travel expenses will afford you the highest value with 1 point worth $0.007. However, BMO reserves the right to terminate your account with two months’ prior notice, where they can cancel or substitute rewards. This makes these points worth about $0.007 each. You'll get 30,000 points when you spend $3,000 in the first 3 months plus an additional 10,000 points on your card anniversary. (21.99% for Quebec residents) learn more. The points can be used as a statement credit or can be redeemed on travel, merchandise or gift cards. The card offers that appear on this site are from companies from which this website receives compensation. The owner of this site is not a legal or tax professional and the statements and articles on this site are opinions of the owner and should not be relied upon for individual circumstances. BMO Rewards is a good bank travel rewards program, but it can be a bit complicated due to the points structure. Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred 11. Find the best credit cards by name, bonus categories, transfer partners, perks & benefits, or by how much you spend per month/year. BMO Rewards Points Average Value - Travel; BMO Rewards Points Cash Value; 1,000 Points: $7: 5,000 Points: $35: 10,000 Points: $71: 20,000 Points: $142: 25,000 Points: $177: 50,000 Points: $355: 100,000 Points: $710 15,000 BMO Rewards points awarded on your card anniversary date which is 12 months after the date which the account is opened. Do note that BMO Rewards does price match. Based on this value, the real earn rate for the BMO eclipse Visa Infinite Privilege* card is as follows: The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. Be sure to read the terms and conditions of credit cards and rewards programs before applying/signing up as benefit and perk changes may not be reflected immediately on this website. A sign-up bonus of 20,000 BMO Rewards points. This option is also located in the bmorewards.com portal. You can redeem 30,000 BMO Rewards Points for $100 in cash value which is pretty low compared to other redemption options. Join our weekly newsletter for tips, news and deals! The value of American Express Membership Rewards points depends on how you redeem, but this bonus is worth at least $300 in travel rewards. Increments of 15,000 reward points can be traded for a $50 credit to be applied to your next credit card bill. 30,000 points after you spend a minimum of $3,000 within the first 3 months; an additional 10,000 BMO Rewards points anniversary bonus, 12 months … BMO Rewards Points Value. You earn two points for every dollar charged to the card; 5,000 points is equivalent to $50. The sign up bonus for the BMO World Elite Mastercard is 40,000 bonus BMO Rewards Points. Total points To find out how we determined the value of this point, click on the "Redeeming Points" tab and view the PDF to see the exact calculations. There's a good amount of options to choose from including all of the popular stores and retailers such as Amazon, Hudson's Bay, Indigo, Home Depot, and many more. BMO Rewards Points will give you the best value of 0.71 cents when you redeem them towards travel. The points can be used as a statement credit or can be redeemed on … The dollar value of a BMO Rewards point remains constant at $0.007, as you receive a $1.00 credit for every 140 points. BMO rewards. The figures below represent the cash value of BMO Rewards points for each class of reward: - Any travel booked through BMO Rewards: .71¢ - Addition to BMO investment account: .67¢ Loyalty programs for free hotel stays. Redeeming your BMO Rewards Points for a cash/statement credit will give you the lowest value of 0.3 cents per point. 1 That’s a total value of $470! Redeem your points or cash back for a statement credit to be applied to your BMO Harris Rewards credit card. BMO eclipse Visa Infinite Privilege Card Calculator, BMO eclipse Visa Infinite Card Calculator. Founded more than 200 years ago, BMO started out as a primarily commercial lenders intended to help business customers do business in and around Montreal. Get a bonus of 15,000 BMO Rewards points. With the BMO eclipse Visa Infinite* Card, the welcome bonus is up to 40,000 Rewards points plus a first-year fee waiver worth $120. By submitting your email address, you acknowledge and agree to Ratehub.ca's, American Express Membership Rewards credit cards, Yes, you can pay for any applicable taxes, fees, and surcharges using points. BMO has a good line-up of cash back cards if you want to stick with the same bank. Considering that 1 BMO Rewards point is worth 0.71 cents, the reward rate on these three categories of spending is roughly 2.14% when redeemed for travel. Get 50,000 BMO Rewards points when you spend $5,000 in the first three months. They are meant to provide estimates and may not reflect the exact amount of rewards you will receive. Details on how to get maximum value. You can read about our Rating Methodology, and learn how we calculate rewards in REAL DOLLARS (not just points or miles) ‒ so you can find … Point values are not created equally! Three points are earned for every dollar spent on travel, dining, and entertainment purchases. 1 That’s a total value of $435! BMO Rewards Points will give you the best value of 0.71 cents per point when redeemed towards travel. Get 1 BMO Rewards point for every $1 spent 2. How BMO Rewards works. This limits the flexibilty of the program especially compared to other rewards programs which allow you to book travel through a third party website and pay for it with points at a later date. When used in this way, each point is worth around $0,007, or roughly around 140 points per $1. The Point Calculator is owned by RF3 LLC. The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. Welcome Offer: Get up to 20,000 BMO Rewards welcome points 1. Will my BMO points expire? When using your BMO Rewards points, there are no blackout periods so you can travel at any time of the year, even during peak periods. BMO Harris Bank Premium Rewards Mastercard: Bonus Points ($435 Value) The Premium Rewards Mastercard is the fastest way to earn travel points. You can redeem 140 points per $1 in travel booked with BMO Rewards, which makes each point worth 0.7 cents. Earn 10 points per $1 USD spent on eligible hotel charges when you stay at Marriott properties. Let's look at why this is true: When you redeem points for a flight you are receiving a 2.1% return, which is incredible value for a rewards card. Here’s more: Earn rewards points. When you sign up for the BMO World Elite Mastercard, you’ll receive a welcome offer of 35,000 BMO Rewards points, and BMO will waive your annual fee of $150 for the first year.