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:
| Aspect | Details |
|---|---|
| Fees | $0 |
| Interest Rate | 19.99% to 27.99% APR |
| Introductory offer | 12 months 0% APR |
| Welcome Bonus | 35,000 points |
| Cash Back Benefits | Up to 3 points for every $1 spent |
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:
- Fees: $0
- Cashback: 1,5%-6,5%
- Bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 2%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $95
- Cashback: 1x-5x
- Welcome bonus: 60.000 points
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-10%
- Welcome bonus:$200
- Credit Score: 690-850
- Fees: $95
- Cashback: 2x-5x
- Welcome bonus:75.000 miles
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: up to $300
- Credit Score: 690-850
- Fees: $0
- Cashback: 1%-5%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 3%
- Welcome bonus: $200
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 4%
- Welcome bonus: $0
- Credit Score: 690-850
- Fees: $0
- Cashback: up to 5%
- Welcome bonus: $0
- Credit Score: 690-850
- 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:
| Pros | Cons |
|---|---|
| Welcome bonus of 35,000 points | Excellent credit score |
| Earn to 3 points for every $1 spent | $79 annual fees |
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:
| Information | Description |
|---|---|
| Website | https://www.bmo.com/en-us |
| https://www.facebook.com/bmoUSA | |
| https://twitter.com/BMO_US | |
| https://www.instagram.com/bmo_US/ | |
| https://www.linkedin.com/company/bmo-us |
Other BMO products
We’ve also provided a list of all the BMO Harris products we have analyzed:
- BMO Harris checking accounts.
- BMO bonus checking account.
- BMO certificate of deposit.
- BMO Harris savings accounts.
- BMO Harris credit cards.
Related content
Finally you have a related posts about credit cards:
Best secured business credit cards
Do you want to know which are the best Secured Business credit cards? At Responsible…
Do you want to have all the information about Secured Business Credit Cards? From Responsible…
Truist Enjoy Cash Secured credit card
Do you want to learn everything about the Truist Enjoy Cash Secured credit card? At…
First Progress Secured Credit Card
Curious about the First Progress Secured Credit Card? At Responsible Economy, we’re breaking down everything…
Santander Bank Secured Credit Card
Are you interested in learning if Santander Bank offers secured credit cards and also about…
Interested in the Credit One Bank Secured Card? Here at Responsible Economy, we delve into…
Best secured credit cards for bad credit
Do you want to know which are the best secured credit cards for bad credit…
PNC Bank Secured Visa Credit Card
Curious about the PNC Bank Secured Visa Credit Card? From Economía Responsable, we present to…
Curious about the TD Cash Secured Credit Card? Let Responsible Economy guide you. We offer…
Updated the day 1 September, 2023 by Alfredo Barandiarán
- Best secured business credit cards - 15 September, 2023
- How to Apply for a Secured Credit Card - 15 September, 2023
- Secured Business credit cards - 13 September, 2023
