How to Apply for your Credit Card: BMO Rewards Mastercard
The BMO Rewards Mastercard is a credit card that offers various benefits to cardholders. With this card, users can earn BMO Rewards points on all their purchases, which can be redeemed for travel, merchandise, gift cards, and more.
The card also comes with travel insurance coverage, providing peace of mind while on the go. Cardholders can also take advantage of exclusive offers and discounts through the BMO Rewards program. Some key benefits of the BMO Rewards Mastercard card include:
- Earn BMO Rewards points on every purchase, with no annual fee.
- Flexible redemption options, including travel, merchandise, gift cards, and more.
- Travel insurance coverage, including emergency medical and trip cancellation insurance.
- Exclusive offers, promotions, and discounts through the BMO Rewards program.
Overall, the BMO Rewards Mastercard is a great option for individuals looking to earn rewards on their everyday purchases and enjoy travel benefits and discounts.
APPLY NOWPrerequisites
To apply for the BMO Rewards Mastercard card, individuals must meet certain requirements. He must be of legal age in their province or territory of residence, having a Canadian credit history, having a minimum annual income as specified by BMO, and meeting any other criteria set by the card issuer.
Additionally, individuals will need to provide personal information such as their name, address, contact details, and financial information during the application process.
About the bank/financial institution
BMO (Bank of Montreal), the institution offering the BMO Rewards Mastercard card, is one of Canada’s oldest and most established banks. Originally founded in 1817, BMO has a rich history that spans over 200 years.
As one of the Big Five banks in Canada, BMO is known for its comprehensive range of banking and financial services, including personal banking, commercial banking, wealth management, and investment banking. BMO has a strong presence in Canada with numerous branches and ATMs across the country, providing customers with convenient access to their banking needs.
With a reputation for stability, innovation, and customer-centric approaches, BMO continues to be a trusted financial institution for individuals and businesses alike.
Who is this card for?
The BMO Rewards Mastercard card is designed for individuals who want to earn rewards on their everyday spending and enjoy the flexibility of redeeming those rewards for various options.
The customer profile for this card includes individuals who:
- Value rewards: Customers who appreciate the ability to earn points on their purchases and are interested in a rewards program that offers flexibility in redemption options, such as travel, merchandise, and gift cards.
- Travel enthusiasts: The card’s travel benefits, including travel insurance coverage, make it attractive to individuals who enjoy exploring new places and want added peace of mind during their trips.
- Budget-conscious consumers: As there is no annual fee for this card, it can be suitable for individuals who are looking for a rewards card without the burden of an additional cost.
- Tech-savvy individuals: This card provides access to an online account where customers can manage their card, track rewards, and take advantage of exclusive offers easily.
How to apply for the card
You need to follow given steps:
- Determine eligibility: Review the eligibility criteria for the card, including age requirements, credit history, and minimum income thresholds. Ensure you meet these requirements before proceeding.
- Research and compare: Research the BMO Rewards Mastercard card, its features, benefits, and associated fees. Compare it with other credit cards available in the market to ensure it aligns with your needs and preferences.
- Start the application process: Visit the BMO website or approach a BMO branch to begin the application process. Click on “Apply Now” at the left corner to initiate the application.
- Provide personal information: Fill out the application form with accurate personal details, including name, address, contact information, employment status, and financial information. Be prepared to provide supporting documents if needed
- Submit the application: Review the application for accuracy before submitting it. Click on the “Submit” button if applying online or provide the application form to a BMO representative if applying in person.
- Await approval: BMO will review your application and assess your creditworthiness. This process may take a few business days. If additional information is required, they may contact you for clarification.
- Receive the card: Once your application is approved, you will receive the BMO Rewards Mastercard card by mail or you can pick it up from a BMO branch.
- Activate the card: Follow the instructions provided with the card to activate it, which involves calling an activation number.
By following these steps, you can request the BMO Rewards Mastercard card and start enjoying its benefits after approval and activation.
Positives and negatives of the card
Positives of the BMO Rewards Mastercard card:
- Earn rewards points on all purchases.
- Flexible redemption options for travel, merchandise, and gift cards.
- Travel insurance coverage, including emergency medical and trip cancellation insurance.
- Exclusive offers, promotions, and discounts through the BMO Rewards program
Negatives of the BMO Rewards Mastercard card:
- Transaction fees on foreign currency purchases.
- Balance transfer fees and cash advance fees.
- Late payment fees.
- Interest charges on unpaid balances, with rates varying based on credit worthiness
How to unlock the card?
To unlock your BMO Rewards Mastercard card, follow these step-by-step instructions:
- Activate the Card: Once you receive the card in the mail, call the activation number provided on the sticker attached to the card or visit the card issuer’s website to activate it. You will typically need to provide the card details and personal information for verification.
- Online Access: Visit the card issuer’s website whose link is given below. Follow the instructions to create an online account by providing your card details, personal information, and creating a username and password.
- Log In to Your Account: Once you have set up online access, log in to your account by entering your username and password. This will give you access to your card details, transaction history, rewards balance, and various other features.
- Customize Your Preferences: Explore your account settings to personalize your preferences. This may include selecting notification preferences, adding additional cardholders to your account.
- Familiarize Yourself with Rewards Program: Take the time to understand the BMO Rewards program and its benefits.
- Start Using Your Card: Your card is now unlocked and ready for use! You can start using your BMO Rewards Mastercard for purchases, earning rewards points on each transaction. Remember to keep your card in a safe place and monitor your account regularly to stay informed about your transactions and to ensure the security of your card.
Fees and interest rates
This card has no annual fees.If we talk about interest rates and promotion rates they are given below.
Purchase interest rates: (20.99%)
Balance transfer: (0.99%)*
Cash interest rates: (22.99%)
Cash advance interest rates for Quebec residents are less than others: (21.99%)
*Promotional rate for the first 9 months
Customer service
Link of official website: Click here to access the website
Bank contact number: 1-877-225-5266
Link for online application: Click here to access the website
Link to download the app: Click here to download the app for IOS or here to download the app for Android.