Consolidate business expenses with a
Commercial Card
- Consolidate all of your business spending – Purchasing, Travel & Entertainment and Fleet – into a single card program
- Turn your business expenses into great rewards with BMO Rewards points, CashBack rewards, or AIR MILES®† Reward Miles options
- Choose between Canadian and U.S. currency cards
- Manage business expenses with cardholder controls such as Merchant Category Code (MCC) blocking, daily transactions limits and cash advance blocking
Features
A single card program to manage all of your business spending.
- Choose from six card options with great benefits, including BMO Rewards points, 1.0% CashBack rewards, AIR MILES®† Reward Miles, U.S. Dollar, Not-For-Profit and a low annual fee card:
- Earn 1.5 BMO Rewards points for every $1 spent1. BMO Rewards earned at the Company level.
- Owners who want the option of CashBack rewards can earn 1% cash back on all eligible purchases2. There is no cap on the cash back limit – earn as you spend
- Earn 1 Mile on every $30 of eligible purchases,either at the Company or Cardholder collector level, with the BMO AIR MILES Commercial Mastercard3
- Manage exchange rate fluctuations and avoid foreign exchange mark-up fees when travelling to the U.S. or purchasing products and services from U.S. based suppliers, with the BMO U.S Dollar Commercial Mastercard
- Not-for-Profit organizations can benefit from a no annual fee card
- A low annual fee card offers great value for organizations looking for a cost-effective card option without rewards
- Mitigate risk: Protect against card misuse with the automatic BMO Mastercard®* Liability Waiver Program, which offers up to $50,000 coverage per card account4
- Purchase Protection and Extended Warranty: Protect most business purchases against theft and damage with automatic BMO Purchase Protection and Extended Warranty benefits5
- Advanced online reporting and data collection – BMO Spend Dynamics®, our easy to use program management and reporting tool, provides you with convenient access to your transaction data so you can see and analyze your program spend
- Digital payments: Make purchases with your smartphone using Apple Pay®, Google Pay™.
Benefits
- Cost and time savings: A single program is easy to administer and maintain
- Improved cash flow: Maximize your cash flow with a 21-day grace period before your payment due date
- Employee convenience: A single card account allows you to pay for all types of business expenses
- Process simplification: Payment and back-end reconciliation inefficiencies are reduced, lowering program errors and administration costs
- Expenditure reporting: Centralized data on all expenditures facilitates spend analysis, which can lead to improved leverage for supplier negotiations
- Global acceptance: The BMO Commercial Card is accepted at Mastercard merchants and at millions of ATMs worldwide
Documents you need
If you're a sole proprietor
If operating under a registered Trade Name, bring one of the following:
- Trade Name Registration
- Master Business License
For a corporation
If your business has been in existence less than 18 months, bring one of the following:1
- Complete Articles of Incorporation
- Letters Patent/Company Charter
- Articles of Amendment
- Articles of Amalgamation
- Corporate Profile Report
If operating under a registered Trade Name, bring one of the following:
- Trade Name Registration
- Master Business License
If your business has been in existence more than 18 months, in addition to the above documents, bring one of the following:
- Annual/Statutory Return
- Certificate of Status
- Certificate of Compliance/Existence and any filings under the applicable provincial securities legislation, such as financial statements
- Financial statement or annual report signed by independent accounting firm
- Government Assessment
- Corporate search
If operating under a registered Trade Name, bring one of the following:
- Trade Name Registration
- Master Business License
- Identification Requirements
- Name, address, occupation or nature of primary business
- Percentage ownership and type of ownership (direct or indirect) for any person or company with an interest of 25 per cent or more of your business
- Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
- Name and occupation information for any directors or officers
Identification Requirements
- Name, address, and nature of primary business
- Percentage ownership and type of ownership (direct or indirect) for any person or company with an interest of 25 per cent or more of your business
- Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
- Name and occupation information for any directors or officers
1 Documents include the names of current directors and/or officers and outline who has the power to delegate authorities and/or borrow on behalf of the corporation (if applicable)
If you're in a partnership
If your business is a General Partnership, bring the following:
- Partnership Registration (if applicable)
- Partnership Agreement
If operating under a registered Trade Name, bring one of the following:
- Trade Name Registration
- Master Business License
If your business is a Limited Partnership, the following:
- Limited Partnership Agreement
- Certificate of Limited Partnership/Declaration of Limited Partnership/Application for Registration of a Limited Partnership
If operating under a registered Trade Name, bring the following:
- Trade Name Registration
- Master Business License
Identification Requirements
- Name, address, occupation or nature of primary business
- Percentage ownership and type of ownership (direct or indirect) for any person or company with an interest of 25 per cent or more of your business
- Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
For an Unincorporated Association
If your business has been formally established, bring one of the following:
- Articles of Association
- Copy of by-laws or constitution disclosing names and titles of directors and/or officers
If not formally established, bring:
- Letter from the organization disclosing who has the authority to open and operate the account
Identification Requirements
- Name, address, occupation or nature of primary business
- Percentage ownership and type of ownership (direct or indirect) for any person ofr company with an interest of 25 per cent or more of your business
- Name, occupation, and date of birth information, along with personal identification, for up to three authorized signatories
- Name and occupation information for any directors or officers
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1 Subject to the terms and conditions of the BMO Rewards Program for the BMO Rewards Commercial Mastercard, BMO Rewards points are calculated based on the purchase of goods or services charged to the BMO Rewards Commercial Mastercard account, less any refunds or adjustments, rounded down to the nearest whole dollar. Cash advances (including purchases of foreign currency or travellers cheques), interest charges, fees, credit or debit adjustments and any amount other than purchases that may be charged to the account with the card, do not qualify for points. Bank of Montreal may establish other qualifying and non-qualifying transactions from time to time.
2 Award of CashBack rewards is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) and is subject to the Terms and Conditions of the BMO CashBack Commercial Card Reward Program and your BMO corporate card agreement. The amount of CashBack rewards will be rounded down to the nearest cent.
3 Offer is cumulative over the statement period. Award of AIR MILES Reward Miles is made for purchases charged to your account (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) and is subject to the Terms and Conditions of the AIR MILES Reward Program and your BMO corporate card agreement. The number of Miles will be rounded to the nearest whole number. Fractions of Miles will not be awarded.
4 Subject to terms and conditions, including limitations, exclusions and other important information contained in the in the BMO Mastercard Liability Waiver Program description. Program benefits provided by Royal & Sun Alliance Insurance Company of Canada.
5 Subject to terms and conditions, including limitations, exclusions and other important information contained in the Certificate of Insurance, which is sent to new cardholders. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).
®* Registered trademark of Mastercard International Inc. Used under license.
®† Trademark of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Co. and Bank of Montreal.
® Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries.
™ Google Pay and the Google Pay Logo are trademarks of Google LLC.