- Customers now earn new bonuses on everyday spend, including
gas, electric vehicle charging, groceries, and higher earn on
dining purchases.
- In addition to points on everyday spend, customers will
continue to earn on hotel and airfare purchases at a new 2x points
per dollar rate.
CHICAGO, Aug. 6, 2024
/PRNewswire/ - BMO has launched its enhanced BMO Premium Rewards
Credit Card with Mastercard designed to meet the everyday
spending needs of its customers and help them make real financial
progress. In addition to being available to all new customers,
existing cardholders will have the upgrades applied to their cards
automatically.
The enhanced BMO Premium Rewards Credit Card offers:
- Rewards for everyday spend: 4x on gas, electric
vehicle charging, groceries, and dining – up to $2,000 in combined spend each calendar
quarter.
- Travel rewards: 2x on hotels and airfare – up to
$2,000 in combined spend each
calendar quarter.
- Points accumulation: Customers will also earn 1x on all
other purchases.
- Anniversary bonus: 10% anniversary bonus points
every year based on net purchases made in the year prior from the
customer's anniversary date.
- Mastercard offers: Access to offers and benefits
including discounts on streaming services, ride sharing, grocery
delivery, travel services and more.
"After listening to our customers about what they value most, we
are proud to offer the enhanced BMO Premium Rewards Credit
Card, in collaboration with Mastercard, with exceptional
rewards and benefits," said Jennifer
Douglas, Head of North American Retail and Small Business
Payments at BMO. "With vast earning potential, this card is
designed to help our customers make real financial progress."
Earned points never expire and cardholders can redeem them for
gift cards, cash, statement credits, travel and more.
"Consumers want offers and rewards that support their daily
lives; they want to earn them and use them in categories they enjoy
regularly," said Julie Schanzer,
Executive Vice President at Mastercard. "We have collaborated with
BMO to launch the new BMO Premium Rewards Credit Card to
enhance everyday experiences, providing meaningful benefits and
peace of mind exactly where consumers are investing their time and
money."
Those insights are supported in a recent BMO Real Financial
Progress Index that found Americans are increasing their
summer spending across numerous categories, particularly on
vacations and travel, with a quarter of Americans saying they will
spend more on getaways this summer compared to last year.
To apply and view the complete list of benefits for the BMO
Premium Rewards Credit Card, click here.
About Mastercard
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. With connections across more than
210 countries and territories, we are building a sustainable world
that unlocks priceless possibilities for all.
www.mastercard.com
About BMO Financial Group
BMO Financial Group is the eighth largest bank in North
America by assets, with total assets of $1.4 trillion as
of April 30, 2024. Serving customers for 200 years and
counting, BMO is a diverse team of highly engaged employees
providing a broad range of personal and commercial banking, wealth
management, global markets and investment banking products and
services to 13 million customers across Canada, the
United States, and in select
markets globally. Driven by a single purpose, to Boldly Grow the
Good in business and life, BMO is committed to driving
positive change in the world, and making progress for a thriving
economy, sustainable future, and inclusive society.
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SOURCE BMO Financial Group