We are currently prioritizing assistance for cardmembers who have travel bookings scheduled within the next seven (7) days. 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). 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 … 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. This website does not include all card companies or all card offers available in the marketplace. 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* I could give you a table with a list of denominations, but it's easier to just supply you with a good ole calculator so that you can get the exact amount. Three points are earned for every dollar spent on travel, dining, and entertainment purchases. You can also compare results side by side other BMO Rewards Cards or against competitor cards from other top programs like CIBC and RBC. For free hotel stays, Marriott Bonvoy is the best choice. If you are ready to look at the BMO Rewards World Elite Mastercard, though, you’ll find another worthy card to consider. Earn 10 points per $1 USD spent on eligible hotel charges when you stay at Marriott properties. 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. 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. For $100 worth of travel, you’ll need 14,000 rewards points, roughly. The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. 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. BMO Harris Bank Platinum Rewards Mastercard: You will earn an additional one (1) bonus point 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. compare mortgage rates. Welcome offer: Get up to 40,000 points and the $150 annual fee waived in the first year. 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. You earn 3 points for every $1 spent on travel, dining, and entertainment. Welcome offer: Get 50,000 points and the $120 annual fee waived in the first year. The only downside is that you'll need to book it through a BMO Rewards travel agent. BMO accepts last minute travel bookings up to 2 days before departure. Find the best credit cards by name, bonus categories, transfer partners, perks & benefits, or by how much you spend per month/year. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. Use your points for monthly subscriptions, lunch, groceries, gas – redeem your way! There is no cap on the amount of base points that can be earned. The figures below represent the cash value of BMO Rewards points for each class of reward: - Any travel booked through BMO Rewards: .71¢ - Addition to BMO investment account: .67¢ ... To find out how we determined the value of this point, click on the "Redeeming Points… 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. A sign-up bonus of 20,000 BMO Rewards points. 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. How BMO Rewards works. With the BMO Rewards ® Business Mastercard ® *,you get 3 points … If you find travel that you're interested in, you can use your BMO Rewards Points to book it. Supplementary Card. The BMO rewards points also do not have a consistent value across all their potential redemption categories. The value of American Express Membership Rewards points depends on how you redeem, but this bonus is worth at least $300 in travel rewards. 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. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. In general, you’ll get the most value by maximizing the travel rewards program. The dollar value of a BMO Rewards point remains constant at $0.007, as you receive a $1.00 credit for every 140 points. 1 That’s a total value of $470! This includes: When redeeming for travel, there's no blackout dates or any kind of restrictions. BMO Rewards Points review: How to get the most Out of Your BMO rewards Points. The value of your points can depend on what type of rewards you want to cash them in for. Booking travel through Expedia for TD – $50; Booking travel via Book Any Way – … It really depends on the credit card you use and the rate at which your points accumulate. TD Rewards points value varies depending on how you use your points. 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. However, BMO reserves the right to terminate your account with two months’ prior notice, where they can cancel or substitute rewards. Welcome Offer: First year annual fee waived, plus 35,000 welcome points (after you spent $3,000 in the first 3 months), Earn 3 BMO Rewards points for every $1 spent on travel, dining and entertainment purchases, Earn 2 points for every $1 spent everywhere else, Best in-class travel and medical insurance (unlimited trips per year). Multiplying Your BMO Rewards With the BMO World Elite Mastercard, you’ll earn points faster. There's items that will give you as low as 0.3 cents per point and some that will give you close to 0.6 cents or higher in value. 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. BMO Rewards Points will give you the best value of 0.71 cents when you redeem them towards travel. The numbеr of BMO Rewards роіntѕ needed tо redeem for $1 іn trаvеl rеwаrdѕ іnсrеаѕе frоm 100 tо 140 роіntѕ. The dollar value of 1 BMO Rewards Point is $0.007. Will my BMO points expire? 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. 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). Other redemptions such as investments and experiences can also yield solid value if you're looking for non-travel redemptions. 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. An introductory interest rate of 1.99% on all balance transfers, with a 1% transfer fee charge, for 9 months. Use the BMO Rewards Points Value Calculator to calculate the average cash value of your BMO Rewards Points based on different redemption options. This will convert the dollar amount into cents. It is important that you be aware of the following before accessing the linked website: The terms and conditions of the site, which can be found at the bottom of the site, may differ from the terms and conditions of the site you are currently on; 23.99% on cash advances and balance transfers. 40,000 points are equivalent to at least $285 when redeemed for travel rewards through the BMO Rewards centre. ratehub. 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. 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. Get the details on buying rewards with airlines, hotels, and more. 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. 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. You have selected a change in location. 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. BMO has a good line-up of cash back cards, RBC Avion Rewards & RBC Rewards Points Value. This option is also located in the bmorewards.com portal. The average value you'll get out of these gift cards will be around 0.5 to 0.6 or so cents per point. Get up to 40,000 points and the $120 annual fee waived in the first year.66. Get up to $470 in value in your first year. Founded more than 200 years ago, BMO started out as a primarily commercial lenders intended to help business customers do business in and around Montreal. The sign up bonus for the BMO World Elite Mastercard is 40,000 bonus BMO Rewards Points. 1,200,000 DA: 61 PA: 76 MOZ Rank: 25. 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. 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. No, there is no expiration date while you are an active member. Redeem your points for everyday purchases, starting from as little as $1. This means you can look around, possibility find some better deals, and save some points! You can redeem 140 points per $1 in travel booked with BMO Rewards, which makes each point worth 0.7 cents. User our BMO Rewards Points calculator to compare the best BMO Rewards Points credit cards in Canada. Receive 2 points per $1 spent on eligible gas and grocery purchases, up to $2,500 in combined spend each calendar quarter. BMO Rewards Points can offer you some great value if you redeem them for travel. Welcome offer: You deserve to be rewarded! You can redeem your BMO Rewards Points towards merchandise for various value. I recently redeemed my reward points for the first time to book a flight using the BMO Rewards online site. BMO Harris Bank Premium Rewards Mastercard: Bonus Points ($435 Value) The Premium Rewards Mastercard is the fastest way to earn travel points. 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. Rewards Member Check your available rewards balance, browse the full catalog of available awards and redeem your points or cash by visiting bmoharrisrewards.com. 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. Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred 11. You have up to 90 days to redeem your points upon closure of the account. 2 Receive 1 point per $1 spent on all other purchases. Some of the many gift card options to choose from. Redeem your points or cash back for a statement credit to be applied to your BMO Harris Rewards credit card. BMO Harris Bank Platinum Rewards Mastercard earns 2 points per $1 spent on gasand groceries, up to a combined $2,500 per calendar quarter. The interest rate on the card is 20.99% on purchases. Furthermore, the card is currently offering a first-year waiver on the $150 annual fee, which improves the value … 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. A list of all news, guides, and articles featured on The Point Calculator website. They are meant to provide estimates and may not reflect the exact amount of rewards you will receive. As you can see, the BMO Rewards point value is best used for travel purchases. Welcome bonus. BMO Rewards Points can be redeemed for experiences. You can earn three points per $1 spent on travel and dining, up to $2,500 each quarter. The BMO World Elite Mastercard lets you collect a mountain of travel rewards points quickly. Redeeming your points for travel expenses will afford you the highest value with 1 point worth $0.007. Get a bonus of 15,000 BMO Rewards points. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). 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. 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 … 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. This used to be higher but is in line with the industry as many cards are reducing the value of their rewards. Listed below is the average cash value of BMO Rewards Points based on redeeming them for travel. Balance transfer offer. For example, when using the BMO World Elite MasterCard, you receive 2 or 3 points for every dollar spent, depending the category. Details on how to get maximum value. 23.99%for Cash Advances8. The points can be used as a statement credit or can be redeemed on travel, merchandise or gift cards. 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. Point values are not created equally! Get a bonus of 15,000 BMO Rewards points. What are BMO Rewards Points worth? You can redeem 30,000 BMO Rewards Points for $100 in cash value which is pretty low compared to other redemption options. Mortgages. Closed on all statutory holidays in Ontario.) $120.00 Annual Fee8. First, get the cash price of your reward and multiply that by 100. Discount deals and double rewards points earned for renting cars at National and Alamo Car Rental offices anywhere in the world. The BMO Rewards Mastercard is a solid no fee travel rewards card that earns flexible rewards points for travel, gift cards, and more. Welcome bonus. 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. When redeeming for travel using the BMO Rewards program it is advised that you book the travel yourself, without the assistance of their Rewards Centre, to avoid paying the $29.95 booking fee via the phone. A sign-up bonus of 20,000 BMO Rewards points. 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, … The dollar value of a BMO Rewards point remains constant at $0.007, as you receive a $1.00 credit for every 140 points. With 126+ credit card features compared, finding the best card for you is as easy as looking at one single number. As with many other programs, merchandise has will usually give your points low value while some redemptions will give you exceptional value. Check out the links below to learn about the point value in other top bank rewards programs. 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!. 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. Best Western Rewards is also a good choice, since you’ll be earning the same 10 points per $1 USD spent on hotel charges. 1b. With so many options for using your BMO Rewards points, you may be wondering what they’re worth. You'll get 30,000 points when you spend $3,000 in the first 3 months plus an additional 10,000 points on your card anniversary. To determine your rewards redemption value, use this equation: Redemption Value = 100 X Cash Price ÷ Reward Price. The card also provides 4 complimentary lounge access passes via Lounge Key. The Bank of Montreal, more commonly known as BMO, is Canada's oldest financial institution. They are for illustrative purposes only. 1 That’s a total value of $435! As such, the value of each point varies depending on what you use it for. Each card is rated between 1 to 5, 100% based on features and offers. TD Rewards points value. $1.00 credit ÷ 140 points = Get a rate of 1.99% on balance transfers for 9 months. Compare groups of credit cards side by side to find the best card combination based on your spend. 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. Welcome Offer: Get up to 20,000 BMO Rewards welcome points 1. Includes costs and promos. When used in this way, each point is worth around $0,007, or roughly around 140 points per $1. The gift card options are located in the bmorewards.com portal. This will give you an idea on how much your points are worth on average. Get 1 BMO Rewards point for every $1 spent 2. 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. BMO Rewards is a good bank travel rewards program, but it can be a bit complicated due to the points structure. 1 point earned for every dollar you spend on general purchases. The estimated dollar value of a BMO Rewards point is $0.007 or 140 BMO Rewards points for $1. 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. When you book travel every $1 = 140 points, making each point worth $0.007. Yes, there are many popular airlines to choose from including Air Canada, West Jet, Delta Airlines, and United Airlines. In Short: Dollar Value of 1 RBC Rewards point - 0.007$ to 0.02$ CPP 1 for RBC Rewards (0.7 to 2) Points Best Used For: Travel (redeemed with Avion Card) Option to Convert Points to Westjet Points and Hudson Bay Points Business Card Available Value for Travel - Avion You can redeem 65,000 pts to visit Europe for up to maximum of 1300 dollars. Its generous 15,000 point welcome bonus gets your rewards collection off to a good start, and then you’ll earn 1 BMO Rewards point for every $1 you spend on the card.. Its eligibility requirements are relatively low, putting it within reach for most Canadians. 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. You can't use your points to book your own travel online like most rewards programs which is a bit of a bummer. This site is informational and meant to provide help in calculating points with various programs. When used in this way, each point is worth around $0,007, or roughly around 140 points per $1. Get 50,000 BMO Rewards points when you spend $5,000 in the first three months. 10,000 BMO Rewards points 12 months after account opening. BMO Points Calculator for calculating the value of BMO Rewards Points based on redemption. All other spending, including spending in the 2-point-per-$1 categories above the $2,500 quarterly cap… It is important to note that BMO "Rewards" and "Points" are the same and will be used interchangeably. This makes these points worth about $0.007 each. But since you earn 3 points for every $1 spent, your return on each dollar spent is $0.021 (2.1%). 1; 10% … BMO Rewards points can be used to cover all applicable taxes and fees. Redeeming your BMO Rewards Points for a cash/statement credit will give you the lowest value of 0.3 cents per point. Get the list of redemption options and calculate the cash value of BMO Rewards Points for each option. As we can see here, not all “cards that earn five times the points” were created equal. So how many BMO Rewards Points do you need to pay for a flight, car rental, or any other kind of travel? Earn and indulge in more rewards every day. Details on the BMO Rewards program and a list of available calculators. BMO® Rewards® Mastercard®* Review Get 15,000 points and a 1.99% introductory interest rate on Balance Transfers for 9 months with a 1% transfer fee.. Get 1 BMO Rewards point for every $1 spent! 1 point earned for every dollar you spend on general purchases. Earn rewards points. 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. BMO Rewards Points can also be used for other redemptions including investments, gift cards, cash/statement credit, and more. Balance transfer offer. 25,000 BMO Rewards points when you spend a minimum of $3,000 within the first three months of having the card. Opinions, calculators, and other editorial content on this page have not been approved or endorsed by any entities on this site. Rewards Mastercard, BMO Harris Bank Premium Rewards Mastercard, BMO Harris Premier Services Premium Rewards Mastercard, or a BMO Wealth Management Premium Rewards Mastercard. Finally (and perhaps most importantly for some), BMO rewards points can also be converted to pseudo-cash options if you aren’t happy with any of the actual rewards being offered. The card offers that appear on this site are from companies from which this website receives compensation. 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. Compare Mortgages. 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. Advertiser Disclosure: This website is an independent, advertising-supported comparison service. Get a rate of … Loyalty programs for free hotel stays. $150.00 Annual Fee8. The Point Calculator is owned by RF3 LLC. The general rule is that for every 140 BMO Rewards points you earn, you’ll get about $1 in rewards. The point value you get out of these will vary, but they tend to give excellent value most of the time. BMO Rewards Points can be redeemed for gift cards which will give you a range of values depending on the gift card. These redemptions will typically give you less than 0.71 cents in value with a few exceptions. The BMO ® World Elite ® * Mastercard ® * is one of the best Mastercard credit cards with travel points in Canada.. You can get a welcome bonus of 40,000 points (285$ travel value):. BMO Rewards Points will give you the best value of 0.71 cents per point when redeemed towards travel. BMO rewards are only redeemable on the BMO website or by calling BMO Rewards Centre($29.95 booking fee via phone). The website is an absolute joke. 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! Join our weekly newsletter for tips, news and deals! Rewards Member Check your available rewards balance, browse the full catalog of available awards and redeem your points or cash by visiting bmoharrisrewards.com. The dollar value of your BMO Rewards points depends on how you choose to redeem them. The BMO eclipse Visa Infinite* Card uses the same points system as their other credit cards. The short answer is, it depends on how you’re using them. BMO Rewards Points Value. Canadians a month, save money and make better financial decisions using Ratehub.ca, TFSA Contributions, Withdrawals, Transfers. All other purchases would be 1.43% return in points. The points can be used as a statement credit or can be redeemed on … It takes 140 points to claim $1 in travel, which means 1 BMO Rewards point is worth .71 cents. Besides that, there is no magic formula for maximizng the value of your BMO Rewards points. You earn two points for every dollar charged to the card; 5,000 points is equivalent to $50. Earn BMO Rewards points at a great rate and redeem points for travel, cash, gift cards merchandise and more 24. Get 3 BMO Rewards points on eligible purchases at gas stations, office supplies and on your cell phone and internet recurring payments2,4.