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Choose BMO Rewards
25 Aug 2019

Choose BMO Rewards For A Fun, Flexible Experience

Getting rewarded just for using your credit card is always fun; having to make a decision about what particular kind of rewards you want might not be. Often, settling on one means locking yourself out from the rest as possibilities for the future, at least with the one card you end up with. It doesn’t have to be this way. BMO Rewards can be earned at fair rates even with a free card, and they can be redeemed for a variety of rewards that cover so many expansive bases that you’ll never be dissatisfied with them.

How To Apply These Points

One of the key things to know about the BMO Rewards system is just how much freedom it gives you in terms of what you can get with your points. Most systems give you multiple redemption options, but few are so expansive as this one. Some of the options for which you can redeem your points include:

  • Merchandise.
  • Travel expenses.
  • Gift cards.
  • Event tickets.
  • Charitable donations.
  • Cash (in credit card statement credit, direct deposit or investment form).

That doesn’t cover everything, but it does touch on all of the big general categories. As you can see, the possibilities aren’t quite endless, but they’re close to it. No matter what kind of rewards you like, you can find something like that in BMO’s catalogue. Even better, it changes and gets updated all the time, so you never know what you’ll find the next time you look in on it.

The Value of Freedom

Although it’s not the only thing to like about it, it’s clear that the way in which it leaves all options open is one of the big strengths of this system. It’s especially helpful if you want to do something like share a card account with your spouse (extra cards for authorized users are always available) and take turns choosing what kind of reward you want when it comes time to redeem the points. This system can easily accommodate two different people’s tastes, so no one will have to compromise or take a type of reward they didn’t really want simply because they didn’t have any other options. If you really find yourself having trouble choosing a reward when you want to redeem your points, you can simply choose one of the cash options to get completely unrestricted currency. Even better, you don’t necessarily lose too much potential value by doing so. While the direct deposit and credit statement options aren’t the most efficient, the investment option is actually quite generous in terms of what it gets you for the amount of points it costs. All of this means that there’s no need to worry or stress; you just choose the rewards you want and enjoy them without regrets.

Earn Points With the BMO Rewards Mastercard

In order to spend points, you’ll need to earn them first, and that’s where cards like the BMO Rewards Mastercard come in. This is a free basic card that BMO often extends to students and people who are new to Canada, so you can rest assured that you don’t need an extensive credit history to get it. It nets you 1 point for every $1 in spending – not an excellent rate considering that you’ll need thousands of them to get anything, but generous enough for an entry-level card. There is also a World Elite option (which includes better benefits and higher reward rates) if you have a high income and the credit to back it up, but it’s worth mentioning that relatively few people will. For most, the regular rewards card will do just fine. With a welcome bonus that currently gets you up to 20,000 extra reward points to start out with and a chance to pay only 1.99% in interest on balance transfers for the first 9 months, it has plenty to offer to entice new cardholders at this time, too.

Do You Really Want To Be Part of the BMO Rewards Program?

Rewards programs in general might be fading from prominence these days, but out of what’s left, the BMO Rewards program is one of the best. It’s both simple and versatile, one of the best combinations around for this sort of thing. Once you get one of the two rewards card options in your hands and start to get the points you need, you’ll see just how easily you can customize the experience to get exactly what you need out of it.