Terms & Conditions




1a. The 20,000 BMO Rewards welcome bonus points offer is limited to new BMO Rewards Mastercard accounts. Applications must be received between March 1, 2018 and October 31, 2018 (“Offer Period”) to be eligible for this offer. Receive 10,000 BMO Rewards points after your first card purchase. 10,000 BMO Rewards points will be applied to your BMO Rewards Collector Account following the first statement after your first card purchase. Receive an additional 10,000 BMO Rewards points when you spend a minimum of $1,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first three (3) months from the account open date. The additional 10,000 BMO Rewards points will be credited to your Collector Account within sixty (60) business days following the qualifying $1,000 spend. This offer is not available to current or former BMO Rewards Mastercard cardholders who reinstate a closed account or open a new account. If a cardholder cancels their account within 30 days from the account open date the welcome bonus will be cancelled. Existing BMO credit card cardholders who transfer into this product during the Offer Period are not eligible for this offer. Offer may be changed without notice.
  1. BMO Rewards World Elite Mastercard applications must be received between June 29, 2018 and October 31, 2018 (the “Offer Period”) to be eligible for this offer. 35,000 BMO Rewards welcome bonus points will be applied to your BMO Rewards Collector Account after you spend a minimum of $3,000 (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first three (3) months from the account open date. 35,000 BMO Rewards welcome bonus points will be applied to your BMO Rewards Collector Account following the first statement after the eligible $3,000 spend. The 35,000 BMO Rewards welcome bonus points offer is limited to new BMO World Elite Mastercard accounts. This offer is not available to current or former BMO World Elite Mastercard cardholders who reinstate a closed account or open a new account during the Offer Period. Existing BMO credit card cardholders who transfer into this product during the Offer Period are not eligible for this offer. If you cancel your card within ninety (90) days of account opening, the welcome bonus will be cancelled. This offer may be withdrawn or changed without notice.
  2. BMO Rewards redemptions are subject to fees and charges. For details, please see the fees, charges, and pricing policy in the BMO Rewards Terms and Conditions as well as the Important Information about BMO Mastercard cards enclosure.
  3. BMO Rewards points will not expire as long as the BMO World Elite Mastercard card or BMO Rewards Mastercard account (each hereafter referred to in this paragraph as the "Account") remains open and in good standing, except as described in the section of the BMO Rewards Terms & Conditions, which deals with the program termination. On cancellation of the Account, a cardholder will have 90 days in which to do either of the following: (i) redeem the points earned for one or more rewards; or (ii) reinstate the points by either reinstating the Account or opening a new Account and linking the points account that was attached to the cancelled Account to the new Account. After the ninety day period, unless the points are reinstated, any points that remain in the points account will expire. For details, please refer to the BMO Rewards Terms and Conditions for further details.
  4. Not applicable.
  5. If your card is used without your authorization, you will not be liable if: you did not contribute to the unauthorized use, you used reasonable care to safeguard your card and PIN, and you notified us by telephone within 24 hours after you learned of the loss, theft or misuse of your card or cheques, or after you suspected that someone else knows your PIN . If you don't meet these criteria, you will be liable for all charges incurred in connection with the unauthorized use.
  6. Not applicable.
  7. Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include balance transfers, cash-like transactions and Mastercard cheques. Visit your branch; call the Customer Contact Centre at 1-800-263-2263, or visit bmo.com/creditcards for current rates and fees.
  8. A. You will earn 3 BMO Rewards points for every $1 in eligible travel, dining and entertainment purchases, up to $50,000 annually (January to December statement cycle period). The 3 BMO Rewards points includes the base earn rate of 2 BMO Rewards points for every $1 in card purchases (“Base Rewards”) and the bonus of 1 BMO Rewards point for every $1 in eligible travel, dining and entertainment purchases (“Bonus Rewards”). To earn Bonus Rewards, your purchases must be made at merchants that are classified in the Mastercard network as: airlines, car rental agencies, hotels/resorts, cruise lines, passenger railways, tour operators, timeshares, travel agencies and tour operators, dining: eating places, restaurants, drinking places, fast food restaurants and entertainment including motion picture theatres, theatrical producers, ticket agencies, bands, orchestras and miscellaneous entertainers, tourist attractions and exhibits, amusement parks, carnivals, circuses, aquariums, dolphinariums, zoos and seaquariums (“Applicable Merchants”). If you exceed $50,000 in combined annual purchases, you will continue to earn the Base Rewards. Some merchants may sell the same or similar products/services as the Applicable Merchants or are separate merchants who are located on the premises of the Applicable Merchants, but are classified by Mastercard in another manner (“Other Merchants”). You will only earn Base Rewards for purchases made at Other Merchants.

    B. Subject to the BMO Rewards Terms and Conditions, BMO Rewards points are calculated based on purchases of goods or services charged to the BMO World Elite Mastercard or the BMO Rewards Mastercard account, less any refunds or adjustments, rounded down to the nearest whole point. 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.
  9. Important details are contained in the booklet that will follow under separate cover with your BMO Mastercard. Insurance benefits provided by Chubb Insurance Company of Canada.
  10. Exclusive 15% Flight Discount: Fly on any AIR MILES flight within North America for 15% fewer Miles when you book through airmiles.ca or by calling 1-888-247-6453. For example, you could redeem a 1,300 Miles flight for only 1,105 Miles.* *If you have the BMO AIR MILES World Elite Mastercard, when you redeem Miles for a flight in North America you will receive a 15% discount from the number of Miles you would ordinarily require. North America includes flight travel within Canada, from Canada to the United States of America, including Hawaii and Alaska, excluding Puerto Rico and flight travel within the United States, and flight travel to and from Mexico. This benefit does not apply to Cash + Miles Rewards. For flight redemptions: There are no blackout periods. This benefit does not apply to the cash portion of the flight redemption (such as airport improvement fees and booking fees) or to the flight component of package vacations and cruises. The mileages quoted are for low season, round-trip travel on economy flights under the regular AIR MILES flight offer. This benefit cannot be combined with any other offer. To redeem for Travel Rewards, you must have accumulated sufficient AIR MILES Miles in your Dream Balance. Collectors must pay applicable surcharges, fees and taxes on air travel Rewards. Travel Rewards may be subject to a minimum advance booking and availability from participating Suppliers. For complete details, see current Program Terms and Conditions available at airmiles.ca or the AIR MILES Customer Care Centre at 1-888-AIR MILES (in Toronto (416) 226-5171).
  11. Offer is cumulative over the statement period. Reward miles will be earned on purchases made at participating Shell locations in Canada (including, Beaver, Turbo and Payless) to a maximum of $2,500 in any monthly billing period. The number of reward miles will be rounded down to the nearest whole number. Fractions of reward miles will not be awarded.
  12. Earn Miles twice when you use your BMO AIR MILES Mastercard and show your AIR MILES Card at AIR MILES Partners. The amount of Miles you earn depends on the earn rate offered by the AIR MILES Partner and the earn rate offered on your BMO AIR MILES credit card.
  13. BMO AIR MILES Mastercard cardholders receive 1.5x the Miles for every $20 spent. Miles are awarded per transaction at participating National Car Rental and Alamo Rent-A-Car locations in any monthly billing period. Offer is cumulative over the statement period. The number of Miles will be rounded down to the nearest whole number. Fractions of Miles will not be awarded.
  14. Bonus Cashback rewards are awarded per transaction at participating National Car Rental and Alamo Rent-A-Car locations in any monthly billing period. Offer is cumulative over the statement period. The number of CashBack rewards will be rounded down to the nearest cent.
  15. With the BMO CashBack World Mastercard and BMO CashBack World Elite Mastercard, you will receive a free membership in the Dominion Automobile Association (DAA) and the benefits of their BMO Roadside Assistance Program (Basic Coverage). Membership terms and the features of the plan are described in the Certificate you will receive. DAA requires that BMO provide any information reasonably required solely for the purpose of confirming that you are covered by the Program.
  16. You will earn bonus CashBack rewards for purchases made at participating Shell locations in Canada to a monthly maximum of $2,500 in Shell purchases in any monthly billing period. CashBack rewards will be rounded down to the nearest cent.
  17. One year is the twelve-month period between annual fee-billing dates. If you qualify for the rebate, a credit equal to the annual fee will appear on the same statement in which your annual fee is billed.
  18. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO World Mastercard Travel Protection Certificate of Insurance, which is sent to new cardholders. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch) except Common Carrier Accidental Death and Dismemberment Insurance provided by Chubb Insurance Company of Canada.
  19. Subject to credit availability and verification of identity. Cash advance fees will apply.
  20. All rewards are subject to the terms and conditions of the AIR MILES Reward Program and are subject to change and may be withdrawn without notice. Some restrictions apply. Quantities may be limited. Flights are based on the AIR MILES Reward Program Low Season schedule. Required number of reward miles is determined by the departure date. All reward miles quoted are for round-trip travel. Collectors must pay taxes, fuel surcharges and other applicable charges and fees on air travel Rewards. Travel Rewards may be subject to a minimum 2-day advance booking and availability from participating Suppliers. Additional flight options may be offered requiring additional reward miles. For complete details, see current Program Terms and Conditions available at airmiles.ca or the AIR MILES Customer Care Centre at 1-888-247-6453 (in Toronto 416-226-5171).
  21. The contract ID number (3717122 for National Car Rental and 7014883 for Alamo Rent A Car) must be included when making a car rental reservation to receive discounts. Discount applies to base rate only at participating National Car Rental and Alamo Rent A Car locations. Discount varies by rental date, location and vehicle type. Taxes, other governmentally-authorized or imposed surcharges (including GST), license and concession recoupment fees, airport and airport facility fees, fuel, additional driver fee, one-way rental charge and optional items (such as LDW up to US $30 per day) are extra. Renter must meet standard age, driver and credit requirements. 24-hour advance reservation required. May not be combined with other discounts. Availability is limited. Subject to change without notice.
  22. All flight options shown are estimates only. Actual number of BMO Rewards points required varies based on the retail price of the ticket available at the time of booking.
  23. Not applicable.
  24. You can transfer funds from your BMO bank account to your BMO Prepaid Travel Mastercard immediately through BMO Telephone, Online and Mobile Banking. Making a bill payment to your BMO Prepaid Travel Mastercard at a BMO ATM from your BMO bank account may take up to two (2) days to process. Other financial institutions that currently allow bill payments to your BMO Prepaid Travel Mastercard include: RBC Royal Bank, Scotiabank, CIBC, PC Financial, HSBC and Laurentian Bank, ATB (Alberta Treasury Board) and TelPay. Please check directly with your financial institution to find out if you can load funds to your BMO Prepaid Travel Mastercard. If your financial institution does not support bill payments to your BMO Prepaid Travel Mastercard, visit a BMO branch to open a deposit account. The minimum amount you can load into the account is CDN$100. The maximum amount you can load into the account is CDN$10,000. The maximum credit balance on the account, including any additional cards, is CDN$10,000.
  25. Please refer to your BMO Mastercard or BMO Prepaid Travel Mastercard Cardholder Agreement for more information.
  26. Please contact the service team directly to set up automatic monthly payments from your BMO Chequing Account.
  27. Membership terms and the features of the plan are described in the certificate that you will receive. Dominion Automobile Association requires BMO to provide any information reasonably required for the sole purpose of confirming that you are covered by the Program.
  28. This service is GST applicable (registration # 10039-0095) for clients residing in MB, SK, BC, AB, NU, YT, & NT. This service is GST (registration # 10039-0095) and QST (registration # 1000042494) applicable for customers residing in Quebec. This service is HST applicable for clients residing in PEI, ON, NB, NS, & NL.
  29. Mastercard contactless is available on most personal BMO credit cards. Mastercard contactless is not available at this time on BMO Affinity Mastercard cards, BMO Prepaid Travel Mastercard cards, BMO Mastercard for Business cards and BMO Harris Private Banking Mastercard cards. For more information, call the Customer Contact Centre at 1-800-263-2263.
  30. All benefits described herein are subject to EXCLUSIONS AND LIMITATIONS. Benefits are reduced to Life insurance only at the age of 70. Please refer to your Certificate of Insurance for details of your coverage.
  31. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO AIR MILES World Elite Travel and Medical Protection Certificate of Insurance, which is sent to new cardholders. Out-of-Province/Out-of-Country Emergency Medical benefits are available to cardholders under the age of 65. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).
  32. 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).
  33. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO CashBack World Elite Travel and Medical Protection Certificate of Insurance, which is sent to new cardholders. Out-of-Province/Out-of-Country Emergency Medical benefits are available to cardholders under the age of 65. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).
  34. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO Common Carrier Certificate of Insurance, which is sent to new cardholders. Insurance benefits provided by Chubb Insurance Company of Canada.
  35. 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).
  36. The premium is $0.94 per $100 of your total average daily balance for the billing cycle plus applicable provincial taxes. This average daily balance is obtained by adding up your credit card account balances from the end of each day in the billing cycle, including any interest and other charges. That amount is then divided by the number of days in the billing cycle to get the total average daily balance. Subject to Terms and Conditions, including limitations and exclusions contained in the BMO Credit Card Balance Protection Certificate of Insurance. Please refer to the Certificate for further details. Insurance benefits provided by The Manufacturers Life Insurance Company for life, critical illness, total disability, hospitalization, and terminal illness caregiving benefits and First North American Insurance Company for the job loss benefit.
  37. Subject to terms and conditions, including additional limitations and exclusions, contained in the Certificate of Insurance, which is sent upon enrollment. Please refer to the Certificate for further details. BMO Mastercard insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).
  38. Earn 3% CashBack for card purchases made at participating National Car Rental & Alamo Rent A Car locations worldwide, on a per-transaction basis. The number of CashBack rewards will be rounded down to the nearest whole number. Fractions of CashBack rewards will not be awarded.
  39. Mastercard contactless is available on most personal BMO credit cards. Mastercard contactless is not available on BMO Prepaid Travel Mastercard cards and select affinity credit cards. For more information, call the Customer Contact Centre at 1-800-263-2263.
  40. Redeem AIR MILES reward miles in the Cash balance of your Collector Account in-store in increments of ninety-five (95) reward miles for $10 off your purchases at participating AIR MILES Sponsor locations to a maximum of $750 per day and online at airmiles.ca/cash in increments of ninety-five (95) reward miles for every $10 value from participating AIR MILES eVoucher Partners to a maximum of $750 per day. eVouchers can be used at participating eVoucher Partners' locations in Canada only. See specific eVoucher reward page for details and any restrictions. Visit airmiles.ca/cash to learn more. You must have accumulated sufficient reward miles in the Cash balance of your Collector Account to redeem reward miles towards in-store purchases and eVouchers. All rewards offered are subject to the Terms and Conditions of the AIR MILES Reward Program, are subject to change and may be withdrawn without notice. For complete details, visit airmiles.ca.
  41. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO World Elite Total Travel and Medical Protection Certificate of Insurance, which is sent to new cardholders. Out-of-Province/Out-of-Country Emergency Medical benefits are available to cardholders under the age of 65. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch) except Common Carrier Accidental Death and Dismemberment Insurance provided by Chubb Insurance Company of Canada.
  42. Subject to terms and conditions, including limitations, exclusions and other important information contained in the BMO World Elite 31 Day Medical Protection Certificate of Insurance, which is sent to new cardholders. Out-of-Province/Out-of-Country Emergency Medical benefits are available to cardholders under the age of 75. Insurance benefits provided by Allianz Global Risks US Insurance Company (Canadian Branch).