BMO Credit Cards in Canada

The strongest all-around cash-back Mastercard in Canada by blended rate. The fee pays for itself quickly for grocery-heavy households.

$139 annual fee · First-year net value ≈ $740 · Cash back

Broad 5x earning and credible premium benefits, but the high fee and weak points currency make it conditional rather than a default luxury-card winner.

$599 annual fee · First-year net value ≈ $819 · BMO Rewards

A strong 5x travel multiplier and a useful perk bundle, wrapped around a below-average points currency. Buy it for the multipliers and perks, not the points.

$150 annual fee · First-year net value ≈ $586 · BMO Rewards

Good multipliers on a weak currency. Fine as a BMO client's everyday card; rarely the cross-market winner.

$120 annual fee · First-year net value ≈ $456 · BMO Rewards

A solid first year for a business that can reach the spend targets, then a modest earner whose points are worth a fixed 0.67¢.

$175 annual fee · First-year net value ≈ $1,002 · BMO Blue Rewards

A large welcome bonus attached to a young program. Promising on paper, but treat the redemption value as unproven until Blue Rewards has a track record.

$150 annual fee · First-year net value ≈ $673 · BMO Blue Rewards

A niche card that's excellent inside its niche: Porter loyalists with real spend get a companion pass and strong earn; everyone else should pass.

$199 annual fee · First-year net value ≈ $400 · VIPorter

A capable student cash-back card, not just a credit-builder: 3% on groceries (to a monthly cap) and no annual fee put it among the better no-fee student options. The 0.5% base rate on everything else is the catch.

No annual fee · First-year net value ≈ $150 · Cash back

A free business card for Blue Rewards collectors, with a modest bonus and a base rate that trails cash back.

No annual fee · First-year net value ≈ $466 · BMO Blue Rewards

A solid no-fee grocery earner up to $500 a month. Straightforward and fee-free, with an upgrade path once spend outgrows the cap.

No annual fee · First-year net value ≈ $138 · Cash back

A free way to keep a Blue Rewards balance growing, but outside partner stores its earn rate trails plain cash back.

No annual fee · First-year net value ≈ $253 · BMO Blue Rewards

Less a low-rate card than a debt-paydown instrument. Move the balance, set an 18-month payment plan, and the 3% transfer fee is the only interest you'll effectively pay.

$29 annual fee · First-year net value ≈ $0 · None (no rewards)