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, seven (7) days a week. 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. This used to be higher but is in line with the industry as many cards are reducing the value of their rewards. The average value you'll get out of these gift cards will be around 0.5 to 0.6 or so cents per point. BMO rewards are only redeemable on the BMO website or by calling BMO Rewards Centre($29.95 booking fee via phone). The interest rate on the card is 20.99% on purchases. To determine your rewards redemption value, use this equation: Redemption Value = 100 X Cash Price ÷ Reward Price. 1b. Get up to 40,000 points and the $120 annual fee waived in the first year.66. 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. 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. Mortgages. An introductory interest rate of 1.99% on all balance transfers, with a 1% transfer fee charge, for 9 months. BMO Harris Bank Platinum Rewards Mastercard: You will earn an additional one (1) bonus point 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. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. As such, the value of each point varies depending on what you use it for. The Bank of Montreal, more commonly known as BMO, is Canada's oldest financial institution. 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. 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. Some of the many gift card options to choose from. Three points are earned for every dollar spent on travel, dining, and entertainment purchases. But, on average, 1 BMO Rewards point is worth $0.007 when redeemed for travel, this affords consumers the best value for their points. 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! You earn 3 points for every $1 spent on travel, dining, and entertainment. These redemptions will typically give you less than 0.71 cents in value with a few exceptions. BMO Rewards Points can also be used for other redemptions including investments, gift cards, cash/statement credit, and more. If you don’t have enough points to pay for the entire redemption, you can use as many points as you want (there is no minimum), and charge the remaining cash balance to your BMO Rewards credit card. How BMO Rewards works. The short answer is, it depends on how you’re using them. Get 3 BMO Rewards points on eligible purchases at gas stations, office supplies and on your cell phone and internet recurring payments2,4. Get a bonus of 15,000 BMO Rewards points. 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! $1.00 credit ÷ 140 points = No, there is no expiration date while you are an active member. It takes 140 points to claim $1 in travel, which means 1 BMO Rewards point is worth .71 cents. It really depends on the credit card you use and the rate at which your points accumulate. Exаmрlе: Currеntlу, you nееd 50,000 points tо rеdееm for $500 іn trаvеl rewards. BMO Rewards Points can be redeemed for gift cards which will give you a range of values depending on the gift card. 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). So how many BMO Rewards Points do you need to pay for a flight, car rental, or any other kind of travel? Get the list of redemption options and calculate the cash value of BMO Rewards Points for each option. The gift card options are located in the bmorewards.com portal. There is no cap on the amount of base points that can be earned. Furthermore, the card is currently offering a first-year waiver on the $150 annual fee, which improves the 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 … 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 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 1; 10% … 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. 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. Will my BMO points expire? Redeeming your points for travel expenses will afford you the highest value with 1 point worth $0.007. You earn two points for every dollar charged to the card; 5,000 points is equivalent to $50. The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. TD Rewards points value varies depending on how you use your points. The points can be used as a statement credit or can be redeemed on … BMO Harris Bank Premium Rewards Mastercard: Bonus Points ($435 Value) The Premium Rewards Mastercard is the fastest way to earn travel points. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. The value of American Express Membership Rewards points depends on how you redeem, but this bonus is worth at least $300 in travel rewards. 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. The general rule is that for every 140 BMO Rewards points you earn, you’ll get about $1 in rewards. 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). 20.99% for Purchases8. 2; Introductory Offer: 25,000 bonus points when you spend $2,000 in the first 3 months of account opening.Learn more about intro bonus points. As you can see, the BMO Rewards point value is best used for travel purchases. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. TD Rewards points value. With so many options for using your BMO Rewards points, you may be wondering what they’re worth. The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. 23.99%for Cash Advances8. 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. With 126+ credit card features compared, finding the best card for you is as easy as looking at one single number. This site is informational and meant to provide help in calculating points with various programs. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. Supplementary Card. 40,000 points are equivalent to at least $285 when redeemed for travel rewards through the BMO Rewards centre. In general, you’ll get the most value by maximizing the travel rewards program. For free hotel stays, Marriott Bonvoy is the best choice. $120.00 Annual Fee8. Point values are not created equally! A sign-up bonus of 20,000 BMO Rewards points. You can't use your points to book your own travel online like most rewards programs which is a bit of a bummer. The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. Check out the links below to learn about the point value in other top bank rewards programs. But since you earn 3 points for every $1 spent, your return on each dollar spent is $0.021 (2.1%). This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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. The BMO World Elite Mastercard lets you collect a mountain of travel rewards points quickly. Loyalty programs for free hotel stays. For example, when using the BMO World Elite MasterCard, you receive 2 or 3 points for every dollar spent, depending the category. 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. An introductory interest rate of 1.99% on all balance transfers, with a 1% … Since 140pts = $1, that means the BMO Rewards points value is a 2.14% return when you use your BMO World Elite Mastercard on travel, entertainment and dining purchases. Rewards Mastercard, BMO Harris Bank Premium Rewards Mastercard, BMO Harris Premier Services Premium Rewards Mastercard, or a BMO Wealth Management Premium Rewards Mastercard. Increments of 15,000 reward points can be traded for a $50 credit to be applied to your next credit card bill. BMO Points Calculator for calculating the value of BMO Rewards Points based on redemption. Balance transfer offer. Redeem your points for everyday purchases, starting from as little as $1. The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. 1 That’s a total value of $470! The BMO World Elite™* MasterCard®* accrues up to 3 points per $1 spent on eligible purchases and grants cardholders a welcome bonus of 40,000 points, far higher than the welcome bonuses offered by competing travel rewards cards like the American Express Gold Rewards or Scotiabank Gold American Express. There aren't any other uses of BMO Rewards, which limits the potential upside. First, get the cash price of your reward and multiply that by 100. 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. Receive 2 points per $1 spent on eligible gas and grocery purchases, up to $2,500 in combined spend each calendar quarter. The higher denominations will usually give you the best value. Multiplying Your BMO Rewards With the BMO World Elite Mastercard, you’ll earn points faster. Each card is rated between 1 to 5, 100% based on features and offers. ratehub. 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. 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. Customers with travel plans within the next seven (7) days are encouraged to contact the Rewards Redemption Center at 1-800-610-8987 for assistance between the hours of 8 a.m. – 8 p.m. Central, seven (7) days a week, excluding federal holidays. Then, divide that by the number of points or miles you need to redeem the reward. 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. 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. Compare Mortgages. The dollar value of 1 BMO Rewards Point is $0.007. 1 point earned for every dollar you spend on general purchases. How much are your BMO Rewards points worth? ... To find out how we determined the value of this point, click on the "Redeeming Points… 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). 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. Do more with the points you already have. Earn rewards points. 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. If you're trying to build your balance of BMO Rewards Points or you want to know how much value you can get out of their program, you can use the BMO Rewards Credit Card Point Calculators to calculate total points and the cash value of each card based on spend, card benefits, and annual fees. Customers with travel plans within the next seven (7) days are encouraged to contact the Rewards Redemption Center at 1-800-610-8987 for assistance between the hours of 8 a.m. – 8 p.m. Central, seven (7) days a week, excluding federal holidays. Join our weekly newsletter for tips, news and deals! A list of all news, guides, and articles featured on The Point Calculator website. The card also provides 4 complimentary lounge access passes via Lounge Key. The card offers that appear on this site are from companies from which this website receives compensation. 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 … 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 Rewards ® Business Mastercard ® * is one of the best Business Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 50,000 points after $5,000 in card purchases ($350 travel value).In addition, the $120 annual fee is waived in the first year!. BMO rewards. The sign up bonus for the BMO World Elite Mastercard is 40,000 bonus BMO Rewards Points. BMO Rewards Points Value. About The Point Calculator • Private Policy • Advertising Policy. 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. 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. Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred 11. 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. 2 Receive 1 point per $1 spent on all other purchases. With the BMO Harris Bank Performance Points Rewards Program, you can use your performance points to buy what you want, when you want, 24 hours a day, seven days a week. Redeeming your BMO Rewards Points for a cash/statement credit will give you the lowest value of 0.3 cents per point. BMO Rewards Points will give you the best value of 0.71 cents per point when redeemed towards travel. Get a rate of 1.99% on balance transfers for 9 months. If you are ready to look at the BMO Rewards World Elite Mastercard, though, you’ll find another worthy card to consider. Welcome Offer: Get up to 20,000 BMO Rewards welcome points 1. You can redeem 30,000 BMO Rewards Points for $100 in cash value which is pretty low compared to other redemption options. All other spending, including spending in the 2-point-per-$1 categories above the $2,500 quarterly cap… With the BMO Rewards ® Business Mastercard ® *,you get 3 points … All other purchases would be 1.43% return in points. Get a list of the best credit cards based on your spend for purchases in specific categories as well as with retailers, airlines, hotels, and more. $150.00 Annual Fee8. Get up to $470 in value in your first year. The Bank staff, call center associate or any representative will NEVER ask for your password. 25,000 BMO Rewards points when you spend a minimum of $3,000 within the first three months of having the card. HSBC Rewards is a flexible rewards program with good point values for the majority of its redemption options.. No, points must be redeemed prior to purchase. 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, … Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies, cell phone bills and internet bills, and earn 1.5 BMO Rewards points for every $1 you spend elsewhere. Overall, you can redeem your BMO Rewards Points for: This page covers redeeming your BMO Rewards Points for the options listed above and the cash value you can obtain from each. Here’s more: The estimated dollar value of a BMO Rewards point is $0.007 or 140 BMO Rewards points for $1. 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. If you find travel that you're interested in, you can use your BMO Rewards Points to book it. Earn 10 points per $1 USD spent on eligible hotel charges when you stay at Marriott properties. They are meant to provide estimates and may not reflect the exact amount of rewards you will receive. We are currently prioritizing assistance for cardmembers who have travel bookings scheduled within the next seven (7) days. 15,000 BMO Rewards points awarded on your card anniversary date which is 12 months after the date which the account is opened. For $100 worth of travel, you’ll need 14,000 rewards points, roughly. Listed below is the average cash value of BMO Rewards Points based on redeeming them for travel. It allowed me to choose my flight and enter all the passenger information however once I hit the submit button a message would come up in red writing explaining to call in … The website is an absolute joke. You'll also get: double your BMO Rewards points,10B and get up to 25% off your next car rental at National Car Rental and Alamo Rent A Car locations worldwide. To remind you of the changes on the card the card now offers 2 points per dollar spent and a new redemption ratio of 100 points = $1 in travel credit. BMO Rewards Points can offer you some great value if you redeem them for travel. 23.99% on cash advances and balance transfers. 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. It is important to note that BMO "Rewards" and "Points" are the same and will be used interchangeably. When used in this way, each point is worth around $0,007, or roughly around 140 points per $1. When you book travel every $1 = 140 points, making each point worth $0.007. The point value you get out of these will vary, but they tend to give excellent value most of the time. Get the details on buying rewards with airlines, hotels, and more. Get a rate of … BMO has a good line-up of cash back cards if you want to stick with the same bank. Get 50,000 points after you spend $5,000 in the first 3 months* ($350 value) Earn 3 BMO Rewards points for every $1 you spend on gas, office supplies and cell phone/internet bill payments* Earn 1.5 BMO Rewards points for every $1 you spend* 25 payment grace days* User our BMO Rewards Points calculator to compare the best BMO Rewards Points credit cards in Canada. Welcome bonus. Get 1 BMO Rewards point for every $1 spent 2. Booking travel through Expedia for TD – $50; Booking travel via Book Any Way – … As with many other programs, merchandise has will usually give your points low value while some redemptions will give you exceptional value. Closed on all statutory holidays in Ontario.) About These Calculators: These calculators are provided to help you estimate the value of points and miles, the calculations of rewards earned with credit cards, and the transfer of rewards between programs. DA: 61 PA: 76 MOZ Rank: 25. 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. compare mortgage rates. The dollar value of your BMO Rewards points depends on how you choose to redeem them. 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 Opinions, calculators, and other editorial content on this page have not been approved or endorsed by any entities on this site. 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. 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. The numbеr of BMO Rewards роіntѕ needed tо redeem for $1 іn trаvеl rеwаrdѕ іnсrеаѕе frоm 100 tо 140 роіntѕ. This will convert the dollar amount into cents. 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 points can be used to cover all applicable taxes and fees. 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 …