What Is BMO Banking and Its Credit Card Benefits
- Get 5% cash back on Netflix, Spotify or other streaming plans. Also, earn 5% back on your TV, internet and cell phone bills when you pay with this card every month.
- Fill up your gas tank? Get 3% cash back at gas stations. Buying groceries? Get 3% cash back at grocery stores and supermarkets, up to a limit of $1,500 per three months. After that, you continue to earn 1% back.
- All other everyday purchases get 1% cash back with no limit. This money adds up over time.
New BMO card holders can also earn $200 extra cash back. Just spend a total of $1,000 on the card in the first three months.
BMO Credit Card Benefits
The BMO Cash Back Card offers money-saving rewards:
- You earn cash back on common purchases like gas, groceries, dining out, streaming services and more. This makes it easy to earn rewards.
- Cardholders can now get up to $400 to repair or replace a damaged or stolen phone when they use their BMO card to pay their cell phone bill. But do note that you will need to pay a $50 processing fee if you file a claim.
- New BMO card members don’t pay interest for the first 12 months on transferred balances from other credit cards. This offer applies if you transfer the balances within the first 90 days of getting the card. After 12 months, an interest rate of 20.49%-27.49% applieWith over 200 years of experience BMO has become one of the largest banks in North America. BMO remains committed to their founding values: trust, integrity and financial responsibility. Since 1817 lots of customers have relied on BMO to help them achieve their financial goals through products like checking accounts, savings accounts, credit cards, loans and investments.
- In this article we will take a close look at what BMO offers. You’ll learn about their handy services like online banking, tools to monitor your credit, cash back rewards programs and protection from fraud.
What is BMO Banking?
- BMO Banking provides a full range of financial services to meet your needs. This includes everyday banking products as well as borrowing and investing options:
Checking & Savings
- Convenient and flexible deposit accounts provide secure access to your money. Specialty options feature premium rates for high balances.
Credit Solutions
- BMO offers credit cards with cash back rewards, balance transfer offers and more. Plus, loans and lines of credit at competitive interest rates.
Investments
- Self-directed trading accounts give you control. Or choose professionally managed solutions, like mutual funds and retirement portfolios. Gain access to education for first-time investors too.
Mortgages
- You can now solve your home financing needs with BMO’s mortgage specialists. Take advantage of pre-approvals, affordable payments and competitive rates.
- Manage it all easily via digital banking and mobile apps. Track balances, pay bills, deposit checks remotely and set custom alerts. Access your accounts anytime, anywhere for banking at your fingertips.
What is a BMO Credit Card?
- The BMO Cash Back Mastercard gives money back when you shop. It’s a popular credit card that rewards regular purchases.
- BMO card holders can access special travel upgrades, events and experiences in top destinations around the world. They get these exclusive VIP access benefits for free through the Priceless Cities program that comes with Mastercard.
The BMO Card Monitor tool lets you control notifications, set spending limits, see monthly expenses and more. This helps you manage your account.
Exclusive Offers and Features

As a loyal BMO customer you will get access to special rates and deals to help your money grow. For example, BMO may send you emails offering an exclusive 2% interest rate on a new savings account. That’s better than the regular rate!
You can also qualify for lower interest rates on loans. Example, like a home equity line of credit or auto financing. BMO wants you to save money with them.
Another neat feature is BMO PaySmartTM. Let’s say you want to buy a brand new $2,000 TV. PaySmart lets you split that big purchase into smaller monthly payments of $200 over 12 months instead of paying all at once. This helps you manage your budget better each month.
Security and Protection
Keeping your money safe is so important. BMO’s credit cards help protect you in a few key ways:
First, they use real-time alerts. If the card notices a suspicious $500 charge, you’ll get a text immediately asking if that was you. You can quickly report fraud before it goes too far.
Second, review your monthly statements closely. Make sure every single charge on there was made by you. If you see something strange like a toy store in another state, call BMO right away.
Finally, be very careful where you enter or share card information. Never put your account number in an email. And only give personal details on secure official websites you trust, where the web address begins with “https.”
Following basic precautions goes a long way to keeping your accounts safe from scams or identity theft. But if anything does happen, BMO will help recover your money.
BMO’s Commitment to Innovation
To improve customer experiences BMO is dedicated to utilizing the latest technology. They regularly employ advanced artificial intelligence and digital banking solutions to streamline services and provide personalized offerings.
For example, BMO was one of the first banks to introduce a biometric authentication feature in their mobile app, allowing customers to log in securely using fingerprints or facial recognition.
Their cutting-edge innovations recently earned BMO recognition as a global leader in AI by an independent research firm called Evident AI. The report ranked BMO in the top 10 worldwide for AI innovation among banks.
This achievement highlights BMO’s success in leveraging data and analytics to better understand customer needs and deliver proactive advice and solutions. Their commitment to emerging technology keeps BMO at the forefront of the industry.
Conclusion
To wrap up, BMO provides many banking and credit card choices fit for all needs and life situations. From everyday spend and save accounts to long-term investing and borrowing, BMO wants to help people make real financial improvements. Their creative online banking tools also strengthen users by giving adjustable controls, easy access and see-through data to confidently organize money matters.
BMO’s credit card prize programs also make extra value that can grow over time. Buyers can even get personalized tips and special deals from BMO’s group of pros devoted to Premier customers.