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Mr. Loonie
BMO VIPorter Mastercard®

BMO VIPorter Mastercard®

Best for: Porter flyers who want VIPorter points for a modest 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
Year one
$1,043
Every year after
$354

Ranked #29 of 176 for year one. See the list

See how we worked it out
Welcome offer you’d get
$600
The full offer. Up to 40,000 VIPorter points.
Annual fee
$0 first year
Then $89 a year
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

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Do you spend $250 or more a month on travel?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 2 points per $1 on travel At our value for these points, that’s about 3% back.
  • Good: No fee in the first year Then $89 a year.
  • Good: Welcome offer up to 40,000 VIPorter points About $600 at our value for these points.

Watch for

  • Watch for: Everything else earns 0.5 point per $1 That’s about 0.8% back, which is low.
  • Watch for: $89 a year from year two You need about $250 a month on travel to earn it back.
  • 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.

VIPorter points valued at 1.5¢ each.

  • Groceries $144
    1 point per $1 · 1.5% back $800 a month · 9,600 VIPorter points a year
  • Restaurants $45
    1 point per $1 · 1.5% back $250 a month · 3,000 VIPorter points a year
  • Gas $45
    1 point per $1 · 1.5% back $250 a month · 3,000 VIPorter points a year
  • Recurring bills $23
    0.5 point per $1 · 0.8% back $250 a month · 1,500 VIPorter points a year
  • Travel $54
    2 points per $1 · 3% back $150 a month · 3,600 VIPorter points a year
  • Everything else $59
    0.5 point per $1 · 0.8% back $650 a month · 3,900 VIPorter points a year
  • Foreign currency $14
    0.5 point per $1 · 0.8% back $150 a month · 900 VIPorter points a year
For you Year one Later years
Points you earn25,500 VIPorter points a year, at 1.5¢ each $383 $383
Welcome offer40,000 VIPorter points you’d reach $600 $0
Annual fee $0 −$89
Foreign currency fee2.5% on $1,800 a year −$45 −$45
Rental car damage cover1 rental of 3 days at $35 a day $105 $105
Total $1,043 $354

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Groceries
1 point per $1
Gas
1 point per $1
Travel
2 points per $1 On Porter purchases
Restaurants
1 point per $1
Hotels
1 point per $1
Everything else (base rate)
0.5 point per $1

1 point per $1 spent on transportation

How VIPorter points work, and why 1.5¢

We count VIPorter points at 1.5¢ each, a typical value when you use them well.

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.

Welcome offer

Can your spending get the full offer?

At $2,500 a month, here’s when you’d reach each step.

  1. 1

    10,000 VIPorter points · about $150

    Spend $3,000 in your first 4 months.

    You’d reach it in month 2.

  2. 2

    15,000 VIPorter points · about $225

    Spend $6,000 in your first 6 months.

    You’d reach it in month 3.

  3. 3

    15,000 VIPorter points · about $225

    Spend $10,000 in your first 12 months.

    You’d reach it in month 4.

The annual fee is waived in the first year. Offer ends Oct 31, 2027.

Offer 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

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • 35% off one flight booking per year
  • Priority re-accommodation for flight delays
  • Dedicated check-in
  • Early boarding
  • Automatically become an Avid Traveller
  • 8-day out-of-province or country emergency medical insurance
  • Flight delay insurance
  • Baggage insurance
  • Hotel burglary insurance
  • 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
  • Save up to 7% on your Booking.com prepaid hotel or property rental bookings at booking.com/mastercardcanada
  • Get up to seven cents off per litre on Shell®
  • Mobile wallets Apple Pay, Google Pay
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 and mobile device.

Fees and interest

What it costs

Annual fee
$0 first year Then $89 a year
Purchase interest
21.99%
Cash advance interest
23.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$35
Fee waivers
First year: $89 off (Waived on the first year)
Cash advance fee
1%, Minimum of $5
Balance transfer fee
5%, Maximum
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Balance transfer interest
23.99%
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: $1,043 year one, $354 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 VIPorter Mastercard®?

$0 the first year, then $89 a year. Each extra card costs $35.

How much is the BMO VIPorter Mastercard® welcome offer worth?

Up to 40,000 VIPorter points, about $600. You get it in 3 steps: 10,000 VIPorter points after you spend $3,000 in the first 4 months; 15,000 VIPorter points after you spend $6,000 in the first 6 months; 15,000 VIPorter points after you spend $10,000 in the first 12 months.

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 include insurance?

It lists extended warranty, purchase protection, 8-day out-of-province or country emergency medical insurance and flight delay insurance. 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

$1,043
year one for you
Apply now on BMO’s site (opens in a new tab)
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