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Best BMO Credit Cards in Canada

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bmo eclipIf you’re in the market for a new credit card, the Bank of Montreal has a large selection. From travel and cash back rewards, to low-interest credit cards, BMO offers something for every borrower.

Below, we highlight the best BMO credit cards in Canada below to help you narrow down which card might be right for you.

Best BMO Credit Cards for 2023

BMO CashBack World Elite Mastercard

BMO CashBack World Elite Mastercard

Rated 4.1/5 stars.

Our Review

BMO Eclipse Visa Infinite

BMO eclipse Visa Infinite

Rated 2.8/5 stars.

Our Review

  • Welcome Offer $335 (50,000 points)
  • Annual Fee $499
  • Regular APR/Interest Rates 20.99%
  • Recommended Credit 660 - 724

BMO Air Miles World Elite Mastercard

Not Yet Reviewed

  • Welcome Offer 2,000 Air Miles points
  • Annual Fee $120 (first year waived)
  • Interest Rates Purchases: 20.99%, Cash Advances: 23.99% (21.99% in Quebec)
  • Recommended Credit Score 700+
BMO CashBack World Elite Mastercard

BMO CashBack World Elite Mastercard

Rewards
  • 5% Earn 5% cash back on groceries on the first $500 spent.
  • 4% Earn 4% cash back on transit, including taxis, ride-sharing, and public transportation on the first $300 spent.
  • 3% Earn 3% cash back on gas and electric vehicle charging on the first $300 spent.
  • 2% Earn 2% on cash back on recurring bill payments.
  • 1% Earn 1% unlimited cash back on all other purchases.

The BMO CashBack® World Elite Mastercard is a great option if you’re looking to be rewarded for your everyday credit card purchases. You’ll earn 5% cash back on groceries, making this a strong option for just about anyone, given the high cost of food these days. You’ll also earn 4% back on transit, 3% back on gas and electric car charging, and 2% on recurring bill payments. Best of all, you can redeem your cash back rewards anytime you like.

BMO eclipse Visa Infinite Privilege

BMO eclipse Visa Infinite Privilege


  • Welcome Offer Up to 90,000 bonus points
  • Annual Fee $499
  • Interest Rates Purchases: 20.99%, Cash advances: 23.99% (21.99% in Quebec)
  • Recommended Credit Score 760+

The BMO Eclipse Visa Infinite Privilege lives up to its name. While the card carries a hefty $499 annual fee, it also offers a robust rewards program. You’ll receive 5x the points on everyday expenses, like groceries, restaurants, gas, and drugstore purchases, as well as travel. Additional travel perks include an annual $200 travel credit as well as a free Visa Airport Companion membership and six airport lounge passes per year.

BMO Air Miles World Elite Mastercard


  • Welcome Offer 2,000 Air Miles points
  • Annual Fee $120 (first year waived)
  • Interest Rates Purchases: 20.99%, Cash Advances: 23.99% (21.99% in Quebec)
  • Recommended Credit Score 700+

If you’re signed up for the Air Miles program, the BMO Air Miles World Elite Mastercard will help you quickly rack up points toward your next flight. You’ll earn 3x the Air Miles for every $12 spent at Air Miles partners, including select gas stations and car rental services and 2x the points for every $12 spent at select grocery stores. You can also maximize your points by booking a flight with the annual Air Miles redemption discount, allowing you to fly for 25% fewer points than usual.

BMO Eclipse Visa Infinite

BMO eclipse Visa Infinite

Rated 2.8/5 stars.

Our Review

  • Welcome Offer $335 (50,000 points)
  • Annual Fee $499
  • Regular APR/Interest Rates 20.99%
  • Recommended Credit 660 - 724

Attention foodies: the BMO Eclipse Visa Infinite card offers one of the tastiest BMO credit cards benefits out there. You’ll earn 5x the points for every $1 spent on restaurants, including in-person meals and delivery, as well as 5x the BMO rewards points on groceries and gas. This is also one of the best credit cards for couples, earning you an extra 10% more points when you add an authorized user to your card. Bon appetit!

BMO Ascend World Elite Visa

BMO Ascend World Elite Visa


  • Welcome Offer Earn up to 60,000 points and have the $150 annual fee waived for the first year.
  • Annual Fee $150 (first year waived)
  • Interest Rates Purchases: 20.99%, Cash Advances: 23.99% (21.99% in Quebec)
  • Recommended Credit Score 660+

The BMO Ascend World Elite Visa is a travel points credit card best suited for frequent travellers. You’ll earn 5x the BMO rewards points on all travel purchases, which will help you get to your next destination even faster. You and your family will also be covered for travel and medical insurance, including up to $2 million for out-of-country medical expenses.

BMO Rewards Mastercard

BMO Rewards Mastercard


  • Welcome Offer 10,000 points when you spend $1,000 within the first 3 months; 0.99% on balance transfers for the first 9 months
  • Annual Fee $0
  • Interest Rates Purchases: 20.99%, Cash Advances: 22.99% (21.99% in Quebec)
  • Recommended Credit Score 660+

The BMO Rewards Mastercard doesn’t have an annual fee but still offers a comprehensive rewards program. You can redeem your earned points for anything you like, including groceries and monthly bills. This is a great option for those who want to earn rewards for their purchases but don’t want to pay a hefty annual fee.

BMO Cashback Mastercard for Students

BMO Cashback Mastercard for Students


  • Welcome Offer $30 cash back
  • Annual Fee $0
  • Interest Rates Purchases: 20.99%, Cash Advances: 22.99%
  • Recommended Credit 660-724

The Student BMO Cashback Mastercard carries no annual fee and offers 3% cash back on grocery purchases — one of the best BMO credit card benefits if your finances are tight. You’ll earn 1% cash back on all recurring bills, including your cell phone, internet, and streaming services. You can redeem your earned cash back anytime, or set up recurring deposits.

BMO Preferred Rate Mastercard

BMO Preferred Rate Mastercard


  • Welcome Offer 0.99% intro interest rate on balance transfers &  2% transfer fee for first 9 months
  • Annual Fee $20
  • Regular APR/Interest Rates 12.99% 
  • Recommended Credit 660 - 724

The BMO Preferred Rate Mastercard features BMO’s lowest credit card interest at just 13.99%. Cash advances on this card also carry a low interest rate of 15.99%, which is around 4-5 percentage points less than what most credit cards charge. While there are no rewards programs associated with this card; the low interest rates will be helpful for those carrying a balance.

Benefits of BMO credit cards

  • Flexible points redemption options

  • Some of the best travel rewards on the market

  • Generous welcome offers for new cardholders

Drawbacks to BMO credit cards

  • Interest rates can be high

  • Most cards carry an annual fee

  • Many BMO cards have minimum income requirements

Is a BMO credit card right for me?

BMO offers a full slate of credit cards, including travel and cash back rewards cards, a student credit card, and a prepaid card for those with low credit scores. There is a BMO credit card for every situation and lifestyle. Narrow down what’s most important for you in a credit card (rewards, low interest rate, etc.). This will help you decide which BMO credit card is best for you.

How to apply for a BMO credit card

You can apply for a BMO credit card online or at any BMO bank branch. In order to qualify for BMO credit cards, you need to be a Canadian citizen and of the age of majority in your province or territory. You’ll need to provide your personal and employment information, including your full name and address, social insurance number, and your place of employment and salary. Once your application is approved, you will receive your new BMO credit card in the mail.

Frequently asked questions

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