BMO is a new player in the field of points. BMO used to heavily rely on Air Miles and promote Air Mile through their credit and debit card. However, since couple of years ago they have changed strategy and decided to introduce BMO rewards. BMO rewards is a reward system similar to other point system. You can best use it to book travel and hotel, it is running on an Expedia backbone website. You can also use it to redeem points for gift cards, and cash.
In Short:
- Dollar Value of 1 BMO Rewards point – 0.003$ to 0.007$
- CPP1 for BMO Rewards (0.3 to 0.7)
- Points Best Used For: Travel
- Option to Cash Out Points
- Business Card Available
- CPP1 for BMO Rewards (0.3 to 0.7)
Value for Travel
Get 35,000 points and the $150 annual fee waived in the first year ($250 travel value booked on bmorewards.com + $150 Value).
As you can see the 35000 points is evaluated to be worth 250$; which means the dollar value of one point is 0.007.
Value for Cash
You can also cash out your points.
For every 15,000 points, get $50 cash credit¹
Value for Gift Cards
What’s the best strategy to use your points?
- Use it on their website to travel hotels, flights etc. You would get the best value for your points.
- Use it to redeem it on their website, if you can’t find anything redeem it for Gift Cards.
- If none of them works for you, or you don’t have enough points for a gift card, just cash your points out.
BMO Rewards for Business
