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BMO Rewards Mastercard Changes

Effective January 15, 2018, we’re making some changes to provide greater flexibility and improve the customer service we provide. The changes are as follows:

Removal of annual card fee

Great news! We are eliminating the annual card fee1. Enjoy all the features and benefits of our best-in-class rewards program at no cost.

Discontinuation of Common Carrier insurance

The no-cost insurance coverage for accidental loss of life or injury while travelling on a common carrier will no longer be included as a feature of your card after January 15, 2018.2 However, any travel booked before January 15, 2018 will still be covered if the travel is between January 15, 2018 and May 31, 2018. If you are travelling after May 31, 2018 and require Accidental Death and Dismemberment coverage please make alternative arrangements.

Enjoy more rewards flexibility

We have reviewed the BMO Rewards program, and are making some changes to give you more choice and better value across our range of rewards:
  • Travel reward changes
    The number of BMO Rewards points needed to redeem3 for $1.00 in travel rewards will be increasing from 100 to 140 points. We understand that receiving full value for your travel rewards is important to you and we are committed to honouring the purchasing power of the BMO Rewards points you’ve already earned. As of January 15, 2018, we will be adding extra points to your BMO Rewards account to offset the impact of this change so you won’t lose the value of your points. This means there’s no rush to redeem your points now.
  • Improved value of merchandise and gift cards
    BMO Rewards is not just about travel. As of January 15, 2018, you’ll be able to redeem for merchandise and gift cards with up to 20% fewer points!
  • Invest more for your future with BMO financial contributions
    We have improved the value you receive when redeeming your points for eligible BMO investment accounts. You’ll be able to invest with 25% fewer points. It has never been more rewarding to invest in what matters to you most.
  • Coming February 2018! Turn your BMO Rewards points into cash
    For the ultimate in flexibility, treat yourself by purchasing whatever you want, wherever you want and use your BMO Rewards points to pay down your credit card balance. Get ready to pay yourself with points!

Extended call centre hours

We have extended our BMO Rewards Centre hours and are now open Sunday, so you can reach one of our dedicated BMO Rewards agents at a time that’s convenient for you.
  • Monday – Friday 8 am to midnight EST
  • Saturday 8 am to 8 pm EST
  • New! Sunday 10 am to 6 pm EST
You will continue to enjoy all of the other features and benefits of your BMO Rewards Mastercard, such as:
  • Earn 1 BMO Rewards point for every $1.00 spent on your card4 and your points never expire.5
  • Use any combination of points and cash to redeem for your travel costs with no mark-ups, blackouts or seat restrictions on flights. There’s no need to wait to take the trip you want.
  • Cover all flight charges and taxes3 at the same points value as the base fare.
  • Enjoy extended warranty and purchase protection6on most of your purchases.
We appreciate your business and hope you enjoy these new benefits and greater rewards flexibility. If you have any questions or would like more information, please see our FAQs below.

If you have any questions or would like more information, please call us at 1-800-263-2263 (TTY service for hearing impaired customers: 1-866-859-2089). One of our representatives will be happy to assist you.

  • Legal disclaimer