When it comes to credit cards in Canada, BMO (Bank of Montreal) offers a variety of options to cater to different financial needs and preferences. Whether you’re looking for travel rewards, cash back, or a low-interest rate, BMO has credit cards that could be a perfect fit. In this article, we will explore the best BMO credit cards available in Canada in 2023, highlighting their key features and benefits.
1. BMO World Elite Mastercard:
The BMO World Elite Mastercard is an excellent choice for frequent travelers. With this card, you can earn BMO Rewards points on every purchase, which can be redeemed for flights, hotel stays, vacation packages, and more. The card also offers comprehensive travel insurance coverage, airport lounge access, and exclusive travel perks to enhance your travel experience.
2. BMO CashBack World Elite Mastercard:
If you prefer cash back rewards, the BMO CashBack World Elite Mastercard is worth considering. This card allows you to earn cash back on all your purchases, with higher cash back rates for specific spending categories such as groceries, gas, and dining. The card also offers extended warranty and purchase protection, as well as travel insurance coverage.
3. BMO AIR MILES World Elite Mastercard:
For those who collect AIR MILES, the BMO AIR MILES World Elite Mastercard is an ideal choice. With this card, you can earn AIR MILES reward miles on your purchases, which can be redeemed for flights, merchandise, and more. The card offers a generous welcome bonus, travel insurance coverage, and access to exclusive AIR MILES perks and benefits.
4. BMO Preferred Rate Mastercard:
If you’re looking for a credit card with a low-interest rate, the BMO Preferred Rate Mastercard is worth considering. This card offers a competitive interest rate, making it ideal for individuals who carry a balance on their credit cards. The card also provides purchase protection and extended warranty coverage for added peace of mind.
5. BMO CashBack Mastercard:
The BMO CashBack Mastercard is a straightforward cash back credit card that offers competitive cash back rates on all your purchases. The card has no annual fee and allows you to earn cash back that can be redeemed as a statement credit or deposited into your BMO chequing or savings account. It also provides additional benefits such as purchase protection and extended warranty coverage.
Choosing the best credit card in Canada in 2023 depends on your spending habits, lifestyle, and financial goals. BMO offers a range of credit cards tailored to different needs, whether you prioritize travel rewards, cash back, or a low-interest rate. Consider the features, benefits, and fees associated with each card to make an informed decision. Remember to review the terms and conditions, interest rates, and rewards programs to maximize your financial benefits. With the right BMO credit card, you can enjoy convenience, rewards, and financial flexibility while managing your finances effectively.