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Mr. Loonie
BMO Blue Rewards Mastercard®

BMO Blue Rewards Mastercard®

Best for: People who want points on groceries and gas with no annual fee

Your spending a month
What’s in each?
Light:
Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
Typical:
Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
Big:
Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
Yours:
Your own amounts, saved on this device only
Every year
$152

Ranked #125 of 176 for year one. See the list

See how we worked it out
Balance transfers
0.99% for 9 months
Then 23.99%
Annual fee
None
Apply now on BMO’s site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from BMO’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

What you’d earn Can I get it? Fees Similar cards
From the numbers

The good and the bad

Stands out

  • Good: 5 points per $1 on travel and brand partner At our value for these points, that’s about 3.4% back.
  • Good: 0.99% on moved balances for 9 months A 5% fee to move them.
  • Good: No annual fee It costs nothing to keep.

Watch for

  • Watch for: Everything else earns 0.5 point per $1 That’s about 0.3% back, which is low.
  • Watch for: 23.99% after the 9 months Whatever you haven’t paid off by then is charged the regular rate.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With typical spending of $2,500 a month.

BMO Rewards points valued at 0.67¢ each.

  • Groceries $64
    1 point per $1 · 0.7% back $800 a month · 9,600 BMO Rewards points a year
  • Restaurants $10
    0.5 point per $1 · 0.3% back $250 a month · 1,500 BMO Rewards points a year
  • Gas $20
    1 point per $1 · 0.7% back $250 a month · 3,000 BMO Rewards points a year
  • Recurring bills $10
    0.5 point per $1 · 0.3% back $250 a month · 1,500 BMO Rewards points a year
  • Travel $60
    5 points per $1 · 3.4% back $150 a month · 9,000 BMO Rewards points a year
  • Everything else $26
    0.5 point per $1 · 0.3% back $650 a month · 3,900 BMO Rewards points a year
  • Foreign currency $6
    0.5 point per $1 · 0.3% back $150 a month · 900 BMO Rewards points a year
For you Year one Later years
Points you earn29,400 BMO Rewards points a year, at 0.67¢ each $197 $197
Annual fee $0 $0
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Total $152 $152

Rows are rounded to the dollar.

What counts in each category
Travel
5 points per $1 Booked through Blue Rewards Travel
Brand partner
5 points per $1 At participating Blue Rewards partners
Groceries
1 point per $1 Including wholesale and alcohol
Gas
1 point per $1 Including EV charging
Everything else (base rate)
0.5 point per $1
  • 10 points per $1 spent on Blue Rewards Partners
  • 10 points per $1 spent on Global Pet Foods
How BMO Rewards points work, and why 0.67¢

We count BMO Rewards points at 0.67¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.33¢ to 0.67¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What cardholders say

Ratings from people with this card

No ratings yet. If you have this card, tell others what it’s like.

Applied and weren’t approved?

Insurance and perks

What comes with it

  • Extended warranty Included
  • Purchase protection Included
  • 20% Cirque du Soleil discount
  • Instacart discount
  • Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your card
  • Mastercard Identity Check
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read BMO’s insurance certificate before you count on any coverage.

Not included

Not listed for this card: travel medical, trip cancellation, trip interruption, flight delay, lost baggage, car rental damage and mobile device.

Fees and interest

What it costs

Annual fee
None
Purchase interest
21.99%
Cash advance interest
23.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Cash advance fee
1%, Minimum of $5
Balance transfer fee
5%, Maximum ; 2% transfer fee during introductory period
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
23.99%
Intro rate: balance transfers
0.99% for 9 months
Source
Issuer page

Province differences

Quebec
Balance transfer rate: 21.99%. Cash advance rate: 21.99%.

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With typical spending. This card: $152 year one, $152 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the BMO Blue Rewards Mastercard®?

There is no annual fee.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 23.99%.

Does it have a balance transfer offer?

Yes, 0.99% for 9 months. The transfer fee is 5%, Maximum ; 2% transfer fee during introductory period. After that, the rate is 23.99%.

Does it include insurance?

It lists extended warranty and purchase protection. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$152
a year for you
Apply now on BMO’s site (opens in a new tab)
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