For those who are members of BMO Harris Bank, the BMO Harris Bank Premium Rewards Mastercard® is a premium rewards credit card for travelers who make purchases mostly on dining, hotel and airfare.
It does have an annual fee of $79 but it is waived for the first 12 months and offers up to 3X points on dining, hotel and airfare and 1X points on everything else. It currently has a intro bonus of 35,000 bonus points when you spend $5,000 within the first 3 months of account opening.
Check out what the BMO Harris Bank Premium Rewards Mastercard® has to offer down below.
*Check out BMO Harris Bank bonuses for Checking & Savings accounts.
Table of Contents
- 1 BMO Harris Bank Premium Rewards Mastercard
- 2 Editor’s Alternate Pick
- 3 BMO Harris Premium Rewards Card 35,000 Bonus Offer
- 4 What Are BMO Harris Bank Premium Rewards Points Worth?
- 5 BMO Harris Bank Premium Rewards Card Top Features
- 6 BMO Harris Bank Platinum Rewards Card Availability
- 7 Why You Should Apply for This Card
- 8 Bottom Line
- 9 What’s the Competition?
BMO Harris Bank Premium Rewards Mastercard
|Bonus Available||Get 35,000 bonus points when you spend $5,000 in the first 3 months of account opening.|
|Travel Credit||No travel credit|
|Ongoing Rewards/Benefits||Earn 3 points per $1 spent on eligible dining, hotel and airfare purchases. On up to $2,500 in combined spend each calendar quarter.
Receive 1 point per $1 spent on all other eligible purchases.
Enjoy a 15% anniversary point bonus every year.
|Foreign Transaction Fees||No|
|Airport Lounge Access||Complimentary Priority Pass Select membership + 2 free passes.|
|Annual Fee||$79, waived your first year.|
- Welcome bonus
- Complimentary lounge membership
- Anniversary bonus
- Points don’t expire
- No foreign transaction fees
- Annual fee
- Excellent credit needed to qualify
- Capped rewards on bonus categories
- Limited availability
Editor’s Alternate Pick
The Chase Sapphire Preferred Card offers 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards.
You'll earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1X point per dollar spent on all other purchases.. And when you redeem your points for travel through Chase Ultimate Rewards, you'll get 25% more value!
You get unlimited deliveries with a $0 delivery fee & reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
This card carries a $95 annual fee.
BMO Harris Premium Rewards Card 35,000 Bonus Offer
Get the BMO Harris Bank Premium Rewards card’s 35,000 bonus points offer. You can get over $435 when you redeem them for travel awards.
To qualify for this offer, you must charge at least $5,000 to your card within the first three months of your account opening.
Here are some ideas on meeting the spending requirement:
|• Plastiq - Using Plastiq allows you to pay for your personal expenses such as rent, tuition, mortgage, auto lease etc. Although they charge a 2.5% processing fee for using your credit card, this will contribute to the card bonus that you will receive. There is also a referral program that allows you to earn "Free-Free Dollars" that goes towards processing fees as well.|
|• Funding Checking Accounts - When it comes to funding a checking account, opening your initial deposit with a credit card is the usual way to go about it. However, if you want to have more opportunities, you should open a checking account that offers a sign-up bonus. This allows you to work towards bonuses from not one but two different sources instead. Banks like Chase, Huntington Bank, TD Bank and BBVA offers credit card funding, and for your opening deposit, you can often fund anywhere from $50-$1000 with a credit card, depending on the bank.|
|• Gift Card Purchases With Using a Credit Card - Another way to acquire the bonus is using your credit card to purchase gift cards. Buying a a gift card or an individual merchant card typically do not require a purchase fee and are used towards leisure, so gift cards are ideal. However, gift cards such as a Visa or American Express do incur purchase fees because they can be spent anywhere, but gift cards that are specifically for a certain online shopping site such as Amazon or eBay don't.|
|As for a Citi Credit Card, you should call customer service and ask them to lower your Cash Advance limit to $0 before making any purchases because Citi tends to read gift card purchases as a Cash Advance.
Ideally, you should do this with any card just to be safe. Lastly, there is such thing as a discounted gift card which can be purchased on Raise or eBay. If you use a credit card often for everyday purchases, it can build your credit score that will contribute towards paying for things such as bills and taxes.
What Are BMO Harris Bank Premium Rewards Points Worth?
Similar to other rewards cards, the value of your points will depend on how you use them. When deciding to redeem your BMO Harris Bank Premium Rewards points, you have the options of using them towards:
- Airfare, hotel stays, cruises and vacation packages
- Gift cards
- Statement credits
Using the 35,000 points will get you over $435 in travel awards, which will mean that each point is worth $0.012 per point.
BMO Harris Bank Premium Rewards Card Top Features
With this card, you will enjoy complimentary Priority Pass Select membership which gives you access to more than 850 lounges worldwide. You will get two free lounge passes with your membership as well as unlimited lounge access for $27 per visit.
Each year, if your account is in good standing, you will earn a 15% bonus on what you earned in the previous year. For example, earning 20,000 points last year will get you an anniversary bonus of 3,000 points.
Make purchases abroad without worrying about foreign transaction fees with the BMO Harris Bank Premium Rewards card.
BMO Harris Bank Platinum Rewards Card Availability
The BMO Harris Bank Platinum Rewards card is only available to those who live near a BMO Harris Bank. The areas that have a BMO Harris Bank are:
If you don’t live in these areas, you should probably consider a card that is more widely available.
Why You Should Apply for This Card
Points don’t expire: You can earn and redeem them whenever you want as long as you have your card. Save for anything from that luxury vacation you’ve been dreaming about to the big ticket item on your wish list.
Priority Pass™ Select: Your key to over 850 airport VIP lounges worldwide. As an added benefit, receive 2 complimentary visits to participating lounges.
Priceless® Cities: Access to experiences that are special, unique and priceless available in cities across the globe, exclusive for Mastercard cardholders. Choose from one-of-a-kind experiences, special adventures, shopping and dining benefits, the best shows and sporting events, hotel upgrades and small perks that make your city adventures more special.
Mastercard Zero Liability: Pay only for purchases which you have authorized on your Mastercard credit card. Unauthorized purchases are not your responsibility.
World Travel Services: Mastercard Travel Services™ a suite of benefits, amenities and upgrades, preferential treatment and premium travel offers from best-in-class travel companies. Includes complimentary travel planning and access to a professional travel advisor that will help you plan your trip, at your convenience, 24/7.
|Best Credit Card Categories|
|0% APR||Airline Rewards||Balance Transfer|
|Cash Back||Hotel Rewards||Military|
|No Annual Fee||No Foreign Transaction Fee||Premium|
|Small Business||Student||Travel Rewards|
Are you a frequent traveler in need of a card you can use on your dining, hotel and airfare purchases to get extra bonus points?
The BMO Harris Bank Premium Rewards Mastercard® is a great rewards credit card that comes with no annual fee and offers up to 3X points per $1 spent on dining, hotel and airfare, up to $2,500 in combined spend each calendar quarter and 1X points on everything else.
It’s a decent card for those who already have an account with BMO Harris Bank. If this wasn’t the card for you, feel free to check out the Best BMO Harris Bank Promotions or our full list of the best credit card bonuses to find out which one suits your needs.
(Visit BMO Harris Bank for more details)
What’s the Competition?
The United Explorer Card offers 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open. Plus, an additional 10,000 bonus miles after you spend $6,000 in the first 6 months.
• Earn 2 miles per $1 spent on dining, hotel stays, and United purchases
• Earn 2 miles per $1 spent on dining and eligible delivery services
Perks of this card include:
• Getting up to $100 Global Entry / TSA PreCheck Fee Credit
• Get your first bag checked for free (up to $140 savings per roundtrip) when you using your Card to purchase your ticket
• Get priority boarding perks & visit the United Club with 2 one-time passes each year for your anniversary
This card does come with a $95 annual fee, however, the annual fee is waived for the first year.
The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit.
You'll earn 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. When redeeming your points for travel through Chase Ultimate Rewards, you'll get 50% more value.
This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre?®.
The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.