BMO Harris Bank Premium Rewards Mastercard credit card

Would you like to learn about all the features of the BMO Harris Bank Premium Rewards Mastercard credit card? At Responsible Economy, we have thoroughly analyzed all the features that the BMO Harris Bank Premium Rewards Mastercard offers and conducted a comparison with the best credit cards in the United States. Let’s get started!

Features

In this section, you’ll find all the specifics about the BMO Harris Bank Premium Rewards Mastercard credit card.

Fees

One of the most crucial aspects of any financial product, such as a credit card, is the annual fees. The BMO Harris Bank Premium Rewards Mastercard credit card comes with an annual fee of $79.

Indeed, many banks, including BMO, offer credit cards without annual fees.

Interest rate

During the initial 12 months, you have the opportunity to benefit from an introductory offer featuring a 0% Annual Percentage Rate (APR). Following this initial 12-month period, starting from the fifteenth month onwards, the interest rate will fluctuate within the range of 19.99% to 27.99% APR.

Bonus

Receive a bonus of 35,000 points upon spending $5,000 within the first 3 months of opening your account.

Cash Back

Here’s a list outlining the cash back rewards you’ll receive when using the credit card. The cash back varies based on the type of purchases:

  • Dining, Hotels, and Airfare: Earn 3 points per $1 spent, up to $2,500 in combined spend each calendar quarter. After reaching this limit, earn 1 point per $1 spent in these categories.
  • All Other Purchases: Earn 1 point per $1 spent on eligible purchases.
  • Anniversary Bonus: enjoy a 15% bonus on points every year as an anniversary reward.

Summary table

Here is a summary table with all features of the BMO Harris Bank Premium Rewards Mastercard credit card:

AspectDetails
Fees$0
Interest Rate19.99% to 27.99% APR
Introductory offer12 months 0% APR
Welcome Bonus35,000 points
Cash Back BenefitsUp to 3 points for every $1 spent
BMO Harris Bank Premium Rewards Mastercard credit card summary table features

Comparison with the best credit cards 2023

We’ve conducted a thorough comparison between the BMO Harris Bank Premium Rewards Mastercard credit card and other top credit cards available in the United States for 2023:

Chase freedom unlimited
  • Fees: $0
  • Cashback: 1,5%-6,5%
  • Bonus: up to $300
  • Credit Score: 690-850
Wells Fargo Active Cash Card
  • Fees: $0
  • Cashback: 2%
  • Welcome bonus: $200
  • Credit Score: 690-850
Chase Sapphire Preferred Card
  • Fees: $95
  • Cashback: 1x-5x
  • Welcome bonus: 60.000 points
  • Credit Score: 690-850
Capital One SavorOne Cash Rewards Credit Card
  • Fees: $0
  • Cashback: 1%-10%
  • Welcome bonus:$200
  • Credit Score: 690-850
Capital One Venture Rewards Credit Card
  • Fees: $95
  • Cashback: 2x-5x
  • Welcome bonus:75.000 miles
  • Credit Score: 690-850
Discover it Cash Back
  • Fees: $0
  • Cashback: 1%-5%
  • Welcome bonus: up to $300
  • Credit Score: 690-850
Citi Simplicity Card
  • Fees: $0
  • Cashback: 1%-5%
  • Welcome bonus: $200
  • Credit Score: 690-850
BankAmericard credit card
  • Fees: $0
  • Cashback: up to 3%
  • Welcome bonus: $200
  • Credit Score: 690-850
Costco credit card image
  • Fees: $0
  • Cashback: up to 4%
  • Welcome bonus: $0
  • Credit Score: 690-850
Burlington credit card image
  • Fees: $0
  • Cashback: up to 5%
  • Welcome bonus: $0
  • Credit Score: 690-850
Sofi credit card
  • Fees: $0
  • Cashback: up to 3%
  • Welcome bonus: $0
  • Credit Score: 690-850

Pros and cons

After reviewing all the features and comparing the BMO Harris Bank Premium Rewards Mastercard credit card with other options, we have compiled a table highlighting its advantages and disadvantages:

ProsCons
Welcome bonus of 35,000 pointsExcellent credit score
Earn to 3 points for every $1 spent$79 annual fees
BMO Harris Bank Platinum Rewards Mastercard credit card pros and cons

Requiremts

To be eligible for the BMO Harris Bank Platinum Rewards Mastercard credit card, you must meet the following requirements:

  • Excellent credit score
  • Must be over 18 years old
  • Have a Social Security
  • Live in the United States
  • Have an American phone

Frequent questions

We have addressed common questions you may have about the BMO Harris Bank Premium Rewards Mastercard credit card:

Conclusions and opinions

After conducting our analysis, our conclusion is that the BMO Harris Bank Premium Rewards Mastercard credit card is only advisable if our monthly expenditures with the card are quite substantial, as it carries an annual fee of $79. Additionally, it’s worth noting that you can obtain a bonus of 35,000 points.

Interesting information about BMO

We have created a table with relevant information about BMO:

InformationDescription
Websitehttps://www.bmo.com/en-us
Facebookhttps://www.facebook.com/bmoUSA
Twitterhttps://twitter.com/BMO_US
Instagramhttps://www.instagram.com/bmo_US/
Linkedinhttps://www.linkedin.com/company/bmo-us
Interesting information about BMO

Other BMO products

We’ve also provided a list of all the BMO Harris products we have analyzed:

Related content

Finally you have a related posts about credit cards:

Updated the day 1 September, 2023 by Alfredo Barandiarán

¿De cuánta utilidad te ha parecido este contenido?

Haz click en una estrella para votar

Promedio de puntuación 5 / 5. Número de votos 4

Se el primero en dejar un comentario!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.