The BMO Business Gold Mastercard is a mid-tier business credit card from BMO that earns BMO Rewards points on eligible business spending. It offers a step up in rewards and features compared to BMO’s entry-level Business Mastercard while remaining accessible for small and medium-sized Canadian businesses.
Quick Verdict
Best for: Canadian small business owners who want to earn BMO Rewards points on business spending with more benefits than the entry-level BMO Business Mastercard.
Not ideal for: Premium business travellers who need a high-tier card with lounge access and comprehensive travel benefits.
Key Card Details
| Feature | Details |
|---|---|
| Annual Fee | Verify at bmo.com |
| Network | Mastercard |
| Rewards Program | BMO Rewards |
| Income Requirement | None stated |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Foreign Transaction Fee | 2.5% |
| Employee Cards | Available |
Note: Annual fee, earn rates, and features are subject to change. Visit bmo.com for current details.
Welcome Bonus
BMO periodically offers welcome bonuses on their business cards. Check bmo.com for current sign-up promotions.
BMO Rewards Value
BMO Rewards points can be redeemed for:
- Travel through BMO Rewards Travel Centre (~0.67–1 cent/point)
- Cash back statement credits
- Gift cards
- Merchandise
Benefits and Perks
- BMO Rewards points on all eligible business purchases
- Employee cards — manage staff expenses
- Year-end account summary — simplify tax filing
- Purchase protection on eligible business purchases
- Extended warranty
- BMO online business banking integration
BMO Business Card Lineup
| Card | Annual Fee | Rewards | Best For |
|---|---|---|---|
| BMO Business Mastercard | $0 | Basic | Entry no-fee business |
| BMO Business Gold Mastercard | Verify | BMO Rewards | Mid-tier rewards |
| BMO CashBack Business Mastercard | $0 | Cash back | No-fee business cash back |
| BMO Air Miles Business Mastercard | Varies | Air Miles | Air Miles collecting businesses |
Who Is This Card Best For?
- BMO banking clients who want to earn more on business spending
- Small to medium businesses with moderate monthly spend
- BMO Rewards collectors who want to maximize points in the BMO ecosystem
Alternatives
| Card | Annual Fee | Rewards | Best For |
|---|---|---|---|
| BMO CashBack Business Mastercard | $0 | Cash back | Simpler cash back option |
| American Express Business Gold Rewards | $199 | Membership Rewards | Premium MR earning |
| TD Business Mastercard | $0 | TD Rewards | TD banking clients |
Bottom Line
The BMO Business Gold Mastercard is a solid mid-tier business card for BMO customers who want to earn more BMO Rewards points on business spending. Verify the current annual fee and earn rates at bmo.com to determine if it outperforms the no-fee Business Mastercard for your specific spending profile.
Disclaimer: Card terms, earn rates, and annual fees are subject to change. Verify all current details at bmo.com before applying.