BMO Rewards is Bank of Montreal’s proprietary loyalty programme, earned on BMO Rewards credit cards. Unlike Aeroplan or Avion, BMO Rewards is a closed-loop programme — points are redeemed through BMO’s own travel portal or for statement credits, rather than transferring to airline partners.
In This Section
- How BMO Rewards Works — Earning, redeeming, and expiry explained
BMO Rewards Credit Cards
| Card | Annual Fee | Earn Rate | Welcome Bonus | Best For |
|---|---|---|---|---|
| BMO eclipse Visa Infinite | $120 | 5x on dining, grocery, gas, transit; 1x other | 60,000+ BMO Rewards | Lifestyle earners |
| BMO eclipse Visa Infinite Privilege | $499 | 5x dining/grocery/gas/transit; 1.5x other | 120,000+ BMO Rewards | High spenders; premium perks |
| BMO Rewards Mastercard | $0 | 3x BMO Rewards on travel; 2x dining; 1x other | 15,000 BMO Rewards | No-fee BMO Rewards earn |
| BMO Rewards World Elite Mastercard | $150 | 5x travel; 3x dining; 2x other | 50,000+ BMO Rewards | Business travel |
How Much Is a BMO Rewards Point Worth?
| Redemption | Value per Point |
|---|---|
| Travel (via BMO’s travel portal) | ~0.67–1.0¢ |
| Statement credit | ~0.5¢ |
| Gift cards | ~0.5–0.7¢ |
| Merchandise | ~0.5¢ |
Best value: Book travel through BMO’s portal — flights, hotels, car rentals — where points are worth approximately $0.01 per point at the right redemption level. At 5x earn on dining and groceries (BMO eclipse), the effective return is ~5% on those categories when redeemed for travel.
BMO eclipse Visa Infinite: Flagship Lifestyle Card
The BMO eclipse Visa Infinite is BMO’s best everyday rewards card:
- 5x BMO Rewards on dining (restaurants, food delivery), grocery, gas, and transit
- 1x BMO Rewards on everything else
- Annual fee: $120; includes first year free on the supplementary card
- $50 anniversary lifestyle credit each year
- Travel insurance included
- Visa Infinite benefits: hotel perks, concierge, Visa Infinite Dining Series
Vs. competitors: The 5x on four categories (dining + grocery + gas + transit) is competitive with the Amex Cobalt (5x food only). The BMO eclipse covers more categories but BMO Rewards points are worth less than Amex MR when redeemed via transfer partners (BMO has no airline transfer partners).
BMO Rewards vs. AIR MILES
BMO also issues AIR MILES co-branded cards (separate from BMO Rewards):
- BMO AIR MILES Mastercard and BMO AIR MILES World Elite Mastercard earn AIR MILES Cash and Dream miles
- AIR MILES are useful for Canadian shoppers who buy at Shell, Sobeys, Safeway, and other AIR MILES partners
- BMO Rewards is typically better for travel-focused earners; AIR MILES better for retail-focused earners
See AIR MILES Guide Canada for full details.
BMO Rewards Expiry Policy
BMO Rewards points do not expire as long as your card account remains open and in good standing. Points are forfeited if the account is closed.
Related Articles
- How BMO Rewards Works
- Amex Cobalt vs BMO eclipse Visa Infinite
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- Rewards Credit Cards — Canada Hub
- Best Credit Cards in Canada
BMO Rewards earn rates and point values subject to change. Verify current offers at bmo.com. See our Advertiser Disclosure.