BMO Launches Enhanced BMO Premium Rewards Credit Card with Mastercard

BMO has launched its enhanced BMO Premium Rewards Credit Card with Mastercard designed to meet the everyday spending needs of its customers and help them make real financial progress. In addition to being available to all new customers, existing cardholders will have the upgrades applied to their cards automatically.Those insights are supported in a recent BMO Real Financial Progress Index that found Americans are increasing their summer spending across numerous categories, particularly on vacations and travel, with a quarter of Americans saying they will spend more on getaways this summer compared to last year.

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The enhanced BMO Premium Rewards Credit Card offers:

• Rewards for everyday spend: 4x on gas, electric vehicle charging, groceries, and dining – up to $2,000 in combined spend each calendar quarter.
• Travel rewards: 2x on hotels and airfare – up to $2,000 in combined spend each calendar quarter.
• Points accumulation: Customers will also earn 1x on all other purchases.
• Anniversary bonus: 10% anniversary bonus points every year based on net purchases made in the year prior from the customer’s anniversary date.
• Mastercard offers: Access to offers and benefits including discounts on streaming services, ride sharing, grocery delivery, travel services and more.

Industry Comments

“After listening to our customers about what they value most, we are proud to offer the enhanced BMO Premium Rewards Credit Card, in collaboration with Mastercard, with exceptional rewards and benefits,” said Jennifer Douglas, Head of North American Retail and Small Business Payments at BMO. “With vast earning potential, this card is designed to help our customers make real financial progress.”

“Consumers want offers and rewards that support their daily lives; they want to earn them and use them in categories they enjoy regularly,” said Julie Schanzer, Executive Vice President at Mastercard. “We have collaborated with BMO to launch the new BMO Premium Rewards Credit Card to enhance everyday experiences, providing meaningful benefits and peace of mind exactly where consumers are investing their time and money.”