Pros & Cons
Pros
- Welcome Bonus: 20,000 points
- Up to 5x with the partner brand
- Purchase protection included
Cons
- Foreign Transaction Fee (2.5%)
Our Review
The BMO Blue Rewards Mastercard®* lets you earn points on everyday purchases with no annual fee. It suits shoppers who visit participating Blue Rewards partners or want to earn rewards on their Costco purchases.
To get started, earn 20,000 bonus Blue Rewards points after $1,500 in purchases in the first 110 days from account opening.
Your spending earns:
- 5 points per dollar at participating Blue Rewards partners, on up to $15,000 in net purchases per calendar year;
- 1 point per dollar on groceries, gas, electric vehicle charging, alcohol, and wholesale club purchases, including Costco, on up to $500 per category, per statement cycle;
- 0.5 point per dollar on other purchases.
You can use your points to reduce the cost of purchases or choose rewards and gift cards. The card also includes purchase protection and an extended warranty, subject to applicable terms.
You also get 3 months of Instacart+ membership and a $5 monthly Instacart credit when you enrol with your eligible card.
A 0.99% balance transfer offer, with a 2% transfer fee, is available for transfers posted during the first 9 statement periods after account opening. The rate applies until the end of that shared promotional period, provided the account remains in good standing.
Rewards
All Spending
0.5x
Blue Rewards pts per dollar
With the partner brand
5x
Blue Rewards pts per dollar
Liquor stores
1x
Blue Rewards pts per dollar
Warehouse clubs
1x
Blue Rewards pts per dollar
Groceries
1x
Blue Rewards pts per dollar
Gas
1x
Blue Rewards pts per dollar
Credit Card Rewards Calculator
See how much you could earn with this card based on your spending.
Points Earned
19,200
Blue Rewards/yr
Estimated Value
$129
After Fees
+$129
1st Year ValueThese figures are estimates from our own calculator, based on our point valuations and the spending you enter. They are not the card issuer's valuation and have not been provided or endorsed by the issuer. Actual rewards may vary.
$263
incl. welcome bonus
Annual rewards breakdown
Perks & Benefits
Accepted at Costco
Included
Purchase Protection
Purchase Protection
Included
Extended Warranty
+1 year(s)
Auto Rental
Included
Fees and interest rates
- Annual Fee$0
- Additional card fee$0
- Foreign currency conversion fee2.5%
- Transfer fee2%
Introductory fees and minimums: see terms.
- Purchase Rate21.99%
- Balance transfer rate23.99%Quebec21.99%
- Cash advance rate23.99%Quebec21.99%
- Balance Transfer Promo0.99%
Intro period: through the end of the ninth statement period after account opening
Terms & Conditions
Card Features
Welcome Offer: Get 20,000 Bonus Points and a 0.99% introductory interest rate on balance transfers posted in the first nine statement periods after account opening, through the last day of that promotional period, provided the account remains in good standing with a 2% transfer fee*. Plus, earn rewards from over 400 brands.*
- Earn 5 Points for every $1 spent at participating Blue Rewards Partners, up to $15,000 in net purchases per calendar year*
- Earn 1 Point for every $1 spent on groceries, gas, electric vehicle charging, wholesale and alcohol purchases, up to $500 per category, per statement cycle*
- Earn 0.5 Points for every $1 spent on everything else*
- Earn additional Points on top of your credit card Points when you use your physical or digital Blue Rewards Member Card at checkout*
- Get even more Blue Points when you add an extra cardholder for free
Benefits
- Redeem any amount of Points to reduce what you pay out of pocket when using a combination of your BMO Blue Rewards credit card and Points*
- Redeem your Points for entertainment, merchandise, eGift Cards, in-store purchases and more*
- Unlock exclusive offers at top brands through Blue Rewards offers
- Save up to 20% on National Car Rental® and Alamo Rent A Car® and up to 5% on Enterprise Rent-A-Car® at locations worldwide using the Car Rental Booking tool
- Get 20% off admission to Cirque du Soleil shows touring Canada and 15% off resident shows in Las Vegas
- Complimentary Roadside Assistance Program*; Including battery boosts, flat-tire change, lockout service and towing.*
- Extended warranty and purchase protection*
- Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Legal
†Terms and conditions apply.
BMO is not responsible for updating the content of this site. For the most up-to-date information, please click on the Online Application link.
Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. Travelling Salzmans may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 BMO. All trademarks are property of their respective owners.
