If you’re looking for a credit card that offers excellent rewards, benefits, and financial advantages, BMO has a variety of options to choose from. With a range of credit cards available in Canada, BMO is one of the leading banks that offers a variety of cards to cater to different spending habits and financial goals. In this blog, we will explore the various features and financial advantages of BMO credit cards, helping you find the right card for your needs.
BMO Credit Cards in Canada
BMO offers a variety of credit cards in Canada, ranging from cashback cards to travel rewards cards. Some of the most popular BMO credit cards include the BMO CashBack Mastercard, BMO World Elite Mastercard, and BMO AIR MILES Mastercard. Let’s take a closer look at some of these cards and their features.
BMO CashBack Mastercard
The BMO CashBack Mastercard is an excellent option for those who want to earn cashback rewards on their everyday purchases. Earn 1% cashback on all purchases with no annual fee. Additionally, you can earn 5% cashback on all purchases made during the first three months of card membership, up to a maximum of $100. This card also comes with purchase protection and extended warranty coverage, making it an excellent option for those looking for a basic cashback card.
BMO AIR MILES Mastercard
The BMO AIR MILES Mastercard is a great option for those who want to earn AIR MILES rewards on their purchases. Earn 1 AIR MILES reward mile for every $20 spent on all purchases. Additionally, this card comes with purchase protection and extended warranty coverage, making it a great option for those looking for a basic AIR MILES card. This card also has no annual fee.
Financial Advantages of BMO Credit Cards
In addition to the rewards and benefits offered by BMO credit cards, there are also financial advantages to consider. For example, BMO provides a low interest rate on balance transfers for new cardholders. This can be a great option if you have a high-interest credit card balance that you want to transfer to a lower-interest-rate card.
Additionally, BMO credit cards offer various ways to save on foreign transaction fees. For example, the BMO World Elite Mastercard has no foreign transaction fees, making it an excellent option for frequent travellers. The BMO AIR MILES Mastercard also has no foreign transaction fees for AIR MILES transactions, making it an excellent choice for those who frequently shop at AIR MILES partners outside of Canada.
Suitability for Different Spending Habits
When choosing a BMO credit card, it’s essential to take into account the way you spend and how you spend plus your financial ambitions. For example, if you frequently travel or dine out, the BMO World Elite Mastercard may be an excellent option for you. If you’re someone who wants to earn cashback rewards on your everyday purchases, the BMO CashBack Mastercard may be a better fit.
Additionally, it’s essential to consider your credit score when applying for a credit card. BMO offers a variety of credit cards for different credit scores, so it’s important to choose a card that matches your credit score. For example, if you have a limited credit history, the BMO Preferred Rate Mastercard may be a good option for you.
Apply For Low-Rate Cash Back Credit Cards in Canada
If you’re looking for a low-rate cash back credit card for online shopping or everyday grocery purchases and can’t find one, you’ve come to the right place. Great Canadian Rebates is an online platform that provides information on a wide range of major credit cards in Canada. We give generous cash back rebates upon approval of credit cards applied for through its website.
Visit Great Canadian Rebates today for more information.