In Canada, there are many credit card award programs. One of the most popular programs is BMO rewards. BMO rewards are both easy and intuitive.
Therefore, it is not surprising that many people use it.
To join this popular loyalty program, you must get a BMO credit card. The use of the BMO credit card is the main way to earn rewards. For example, if you are looking to take advantage of the incredible travel advantages. It would be better for you to plan to get the BMO World Elite Mastercard.
The fact that you can exchange your BMO points for several articles is what makes BMO reward fantastic. However, all buyouts are not of equal value. Therefore, you must understand the following;
In this article, we cover all these segments. In this way, you can make the most of the BMO loyalty program.
How to use BMO reward points
One of the crucial questions that most users of the loyalty program want to know is – How can they use their BMO reward points?
Fortunately, you can use the points you earn BMO on travelLuxury items / services, goods and gift cards. There is always something just for you with regard to the advantages of BMO Rewards.
You will find below an exciting way to spend your BMO points;
- Journey: The most popular way to buy the points is to travel. It is common because it offers many flexible options. The flexibility of BMO is due to the fact that they do not have a specific travel partner. However, travel buyout offers are available in two booking options:
With BMO acting as a travel agency, you can access the following travel options:
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Hotels
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Rental cars
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Cruises
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Train tickets
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Vacation packages
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Flight
The use of BMO points means that you choose any seat available on a flight of your choice.
In addition, you never have to feel Panus breakdowns. Likewise, you can extend the rewards at the expense and taxes. The other advantages of travel booking using BMO rewards include:
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Using the BMO Rewards portal for booking, you can gain both status and loyalty miles.
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You can use your point to reserve trips for other people.
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You can take advantage of the price match guarantee on your vacation and your plane ticket reservation
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If you do not have enough points for a particular buyout, you can charge the balance to your credit card.
Note: BMO prices are often similar to what you will find on other sites.
In terms of value, BMO points Valent 0.0071 cents. In other words, to get $ 1 on a trip, you need 10 points. However, you can get a better return rate using the BMO Elite Mastercard.
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Investments: For people who like to save, you can also use your BMO points for investments. Rather than contenting yourself with instant services, you can consider the long -term reward. You can start by transforming your rewards into a cash and transfer it to your BMO investment account. However, transfers require increments of $ 100 for investment. Alternatively, you can exchange 15,000 points. In the long term, this form of redemption offers more value than travel buyouts.
For example, when you put money in your TFSA or RRSP, money will increase over time. In addition, you take advantage of the compound interest. Consequently, you may have more value for your points. In this case, the patient’s dog eats the fattest bone.
- Goods: In the BMO loyalty program, heavy buyers are not left out. BMO has a huge online store of goods. As a buyer, you can get toys, electronic devices, travel items, kitchen utensils and much more.
However, you want to be careful when you want to exchange your points for goods. On the one hand, all articles have a variable value and may not give the value of your points. So you have to be careful and vigilant if you want a lot. Nevertheless, an excellent tip to remember is to always look for products on a discount or special offer.
- Gift cards: No one can deny what to shop with gift cards is a fun way to shop for family and friends. Fortunately, BMO offers its customers with the loyalty program a wide range of gift card options. As a result, you can shop in retail stores, restaurants and service stations. Like goods, gift cards vary in value.
For example, if you were to buy in two retail stores. The points that you can exchange for their gift cards of equal value differ. For example, Rona and Take Home Depot are retail stores. To get their gift cards of $ 100, you will have to exchange 20,000 points at Home Depot and 19000 in Rona. You will find below some other examples of gift cards and their value of BMO reward points:
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Card-Cadeau Fairmont Hotel and Resort $ 200 (36,000 points BMO)
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Sport Chek Sport card of $ 50 (10,000 BMO points)
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S150 Simons gift card (27,500 BMO points)
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Sobeys gift card of $ 50 (10,500 BMO points)
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$ 200 Card-Cadeau Hudson’s Bay (36,500 points)
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Cineplex gift card $ 25 (5500 BMO)
One of the drawbacks of using the BMO card for gifts is that few traders accept them.
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Events and experiences: When you travel, it is always fun to engage in your fantasy and create memories. BMO encourages your fun travel experiences. For example, if you intend to visit British Columbia, you can use 23,000 BMO points to live the Okanagan wine tour. Likewise, you can visit the Vancouver aquarium for a day by exchanging your 8000 BMO points.
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Species: Technically, you cannot exchange your BMO points for difficult species (cash tickets). However, you can use it for a declaration credit. The declaration credit is not so different from money. In simple terms, you can call it cashback. Currently, a cash credit of $ 50 is worth 15,000 BMO points.
When you decide to exchange for species of credit, it will take approximately 3 to 5 working days to arrive. Credit will appear in your account and it is only available for primary card owners.
However, given their low value compared to other forms of redemption. We advise you to never exchange your points for a declaration credit unless it is an emergency.
How to earn BMO reward points?
The main way to win BMO award points is to use BMO credit cards.
However, BMO offers two types of master cards that would allow you to bring together certain points. The two cards are the BMO Rewards Mastercard and the BMO World Elite Mastercard. Although they both help you gain points, there are differences in their characteristics and advantages. We will examine the cards more in this post.
In addition, you can earn points when you register and in expense using credit cards. Finally, you can always request a commercial or personal credit card.
BMO World Elite Mastercard
In Canada, it is no secret that the BMO World Elite Mastercard is one of the best travel credit cards.
One of the things that distinguish this card is its bonus of registration of the points of 25,000 BMO.
In addition, unlike other cards, you earn 3 BMO rewards for each $ 1 that you spend for entertainment, travel and restaurants. Another thing that makes this credit card attractive is the 4 free Airport show visits each year. In addition, you get membership in the Loungekey.
It should be mentioned that this particular advantage is worth more than $ 250. Here is a secret that most people do not know on the Mastercard BMO World Elite card.
To be eligible for travel insurance, you just have to pay any amount more than 0% on the credit card.
The other characteristics of the BMO World Mastercard include:
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Free world wifi
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On your first birthday, you get 5000 points.
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They give up annual card costs of $ 150 during your first year.
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The signature bonus for new customers is 25,000 BMO points
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You earn 3 BMO points for each dollar that you spend for entertainment, travel and restaurants.
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Likewise, you get 2 BMO points for each dollar that you spend for other purchases.
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You have access to a full -fledged travel insurance package.
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Membership in Lakekey and four complementary assists each year.
BMO Reward Mastercard
For people who do not qualify for the BMO World Elite Mastercard, the BMO Rewards Mastercard is a good alternative.
In addition, it is free, which means that there is no annual fees. Unlike the BMO World Elite Mastercard, this credit card allows you to win 1 point for each dollar that you spend.
Suppose you join the Loun Alamo a car or national car rental. You can earn your points 2x. Likewise, there is an extended warranty and a purchase protection with this card.
The other features include 10,000 BMO reward points when registering for each new customer.
In conclusion, the BMO loyalty program is a quick way to earn points for your trips and other expenses. For more information, do not hesitate to reach us.
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