BMO Premium Rewards Mastercard®
4X points on gas, groceries, and dining with $95 annual fee
Earn 4X points per dollar on gas, EV charging, groceries, and dining — up to $2,000 combined spend per quarter. Get 2X on hotels and airfare, plus an anniversary bonus of points equal to 10% of your net purchases. Points are worth 25% more when redeemed for travel through the BMO Flex Rewards portal, effectively 1.25 cents per point.
- Annual Fee
- $95
- points · Welcome Bonus
- 35,000
- Top Rate
- 4X
Terms checked against the issuer on October 10, 2026
At a Glance
- Annual Fee
- $95
- Foreign Transaction Fee
- $0
- Network
- Mastercard World
- Rewards Currency
- BMO Flex Rewards
- Credit Required
- Good to Excellent
Welcome Offer
35,000
points
$5,000
Spend Required
2 months
Time Period
Earn 35,000 bonus points when you spend $5,000 within the first 2 months of account opening. Worth $350 in cash or $437.50 when redeemed for travel through BMO Flex Rewards.
Earning Rates
- 4X
Gas Stations
Cap: $2,000/quarterly
- 4X
Electric Vehicle Charging
EV charging row: same tier and same cap as gas, per the issuer's wording: "Gas, EV charging, grocery purchases and dining" (TASK-0714).
Cap: $2,000/quarterly
- 4X
Grocery Stores
Cap: $2,000/quarterly
- 4X
Dining
Cap: $2,000/quarterly
- 2X
Hotels
Cap: $2,000/quarterly
- 2X
Flights
Cap: $2,000/quarterly
Earning Scenarios
4X on Gas, Groceries, and Dining
Earn 4 points per dollar on gas stations, EV charging, grocery stores, and restaurants — up to $2,000 in combined quarterly spend. At 1.25 cpp via travel portal, that's effectively 5% back.
Spend $2,000 a quarter on gas, groceries, and dining: earn 8,000 points a quarter, or 32,000 a year ($320 as cash, $400 via the travel portal). Spend above $2,000 combined in a quarter earns 1X.
2X on Hotels and Airfare
Earn 2 points per dollar on hotel stays and airline tickets — up to $2,000 in combined quarterly spend. Stacks with the 25% travel redemption bonus for 2.5% effective return.
Book a $2,000 vacation: earn 4,000 points (worth $50 via travel portal)
1X on Everything Else
Earn 1 point per dollar on all other purchases with no cap. The anniversary bonus adds 0.1 point per dollar of net purchases, so these purchases effectively earn 1.1X.
Spend $12,000/year on other purchases: earn 12,000 points + 1,200 anniversary bonus = 13,200 points ($165 via travel portal)
Benefits & Perks
Insurance & Protections
7 protections$0 foreign transaction fees
No fees on purchases made outside the U.S. or with foreign merchants — save the typical 3% surcharge.
$600/claim cell phone protection
$600
secondary
Up to $600 per claim for stolen or damaged phones when you pay your wireless bill with the card. $50 deductible.
View conditions
Deductible: 50
Credit file monitoring and fraud alerts
Monitor your credit file for suspicious activity with alerts for new inquiries, address changes, and accounts.
Zero Liability on unauthorized transactions
You won't be held responsible for unauthorized transactions made in store, online, or via mobile device.
Double manufacturer warranty up to 24 months
Extends the original manufacturer's warranty by up to 24 additional months on items purchased with the card, up to $10,000.
Show all 7 protectionsShow fewer protections
$1,000/claim purchase protection (90 days)
$1,000
secondary
Items purchased with your card are covered against damage or theft for 90 days, up to $1,000 per claim.
24/7 lost/stolen card assistance worldwide
Report lost or stolen cards 24/7 and get emergency card replacement and cash advance assistance worldwide.
Dining Out
4x at restaurants
BMO Flex Rewards · On up to $2,000 a quarter in dining, then the base rate
≈$4 in value on a $100 dinner, at our valuation of 1¢ per point
Annual fee: $95
Explore 53,025 restaurants with this cardStack a dining program
Rakuten Dining
5% back at 20,618 participating restaurants, on top of this card's 4x, once you join and link this card.
+$5
cash back, or ≈$5.50 as points
More on a $100 dinner
Reviews & Analysis
Third-Party Rankings & Ratings
How It Compares
With a $95 annual fee, the BMO Premium Rewards Mastercard delivers 4X points on everyday categories (gas, groceries, dining) and 2X on travel. The 10% anniversary bonus and 25% travel redemption bonus boost effective value, though quarterly spending caps at $2,000 limit heavy spenders.
The Math: Is $95 Worth It?
Credit Utilization (60%)
Excludes earning value, lounge access, insurance, and elite status
Total Value Captured
$0
Annual Fee
-$95
Net Annual Value
-$95
Details & Terms
Payment Terms
| Purchase APR | 18.49%–27.49% (Variable) |
| Foreign Transaction Fee | $0 |
Media & Resources
Video Reviews
8 videosBMO Harris Cashback Mastercard Credit Card Review
Best BMO Credit Cards In Canada (2026)
BMO Harris Bank Credit Cards Compared: Which BMO Harris Credit Card Is Best for You?
BMO Credit Card Review 2025 | Worth It or Leave It?
The New BMO Escape Card | Mid Level....WHY?
BMO Premium Rewards Mastercard – My Honest Review & Real User Experience 2025
BMO Premium Rewards Credit Card Review - Watch Before you Apply
Third-Party Articles & Reviews
Best New Credit Cards of 2025
Money.com's Best New Credit Cards roundup where BMO Premium Rewards won Best New Card for Groceries.
BMO Premium Rewards Credit Card Landing Page
Official BMO product page with complete card details, earn rates, benefits, and application information.
BMO Launches Enhanced Premium Rewards Credit Card with Mastercard
Official BMO press release announcing the enhanced Premium Rewards card with new everyday spend bonuses and travel rewards.
Is a BMO Credit Card Right for You?
NerdWallet guide covering BMO's credit card lineup including the Premium Rewards card's welcome bonus, earn rates, and anniversary bonus features.
BMO Premium Rewards Mastercard Relaunches With New Perks
Upgraded Points coverage of the August 2024 BMO Premium Rewards relaunch with new 4X categories and enhanced benefits.
US Premium Rewards MasterCard Recognized as Best in Class
BMO blog post about the Premium Rewards Mastercard being recognized by money.com as Best New Credit Card for Groceries.
BMO Bank Premium Rewards Mastercard Review
WalletHub's dedicated review of the BMO Premium Rewards Mastercard with 3.1/5 editor rating, rewards breakdown, and pros/cons analysis.
BMO Credit Card Reviews and Q&A
WalletHub's BMO credit card comparison page with editor ratings, user reviews, rewards details, and APR information for the Premium Rewards card.
Card Design
Evidence Sources
| Source | Verified | Citation |
|---|---|---|
| Bmo Issuer | — | Bmo Issuer |
| Upgraded Points | — | Upgraded Points |
| Money.com | — | Money.com |
| RewardsCC API | — | RewardsCC API |
| Issuer Page | Issuer Page | |
| BMO Official | BMO Official |
