BMO Business Platinum Rewards
The BMO Business Platinum Rewards from BMO earns up to 3% effective value on gas in Madeen's catalog snapshot. It has no annual fee. New applicants may see: Earn a welcome bonus of up to 100,000 rewards points in your first year! Earn 50,000 bonus rewards points when you spend $5,000 within 3 months of account opening, plus an additional 50,000 bonus rewards points when you spend at least $50,000 within 12 months of account opening.. Madeen compares this card against the cards you already carry — no bank login required.
- Top category
- Gas
- Effective value
- 3%
- Annual fee
- $0
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Madeen compares public issuer terms with its card-rule catalog. Issuer pages control rewards, fees, benefits, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice.
What does the BMO Business Platinum Rewards earn in each category?
Gas is the strongest category at 3% effective value (3x points at about 1 cents each). That gas rate ranks higher than about 67% of the 1,551 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Gas is the strongest category at 3% effective value (3x points at about 1 cents each). That gas rate ranks higher than about 67% of the 1,551 cards we track in that category.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 2x points | 2% |
| Grocery Supermarkets and grocery stores | 1x points | 1% |
| Gas Gas stations and fuel | 3x points | 3% Top category |
| Travel Flights, hotels, transit | 1x points | 1% |
| Other General everyday spend | 1x points | 1% |
Madeen values BMO Flex Rewards at about 1 cents each. Madeen compares every card using this cash-equivalent estimate while still showing the raw earn rate for context.
What are the BMO Business Platinum Rewards reward caps and conditions?
The BMO Business Platinum Rewards has 2 notable cap or condition rule(s) in Madeen's catalog, including activation windows, spend limits, and category exclusions. Review each bullet below before assuming unlimited earn rates. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
- Earn 2 points for every $1 you spend on eligible dining purchases Capped at $750 per quarter.
- Earn 3 points for every $1 you spend on gas Capped at $750 per quarter.
Who should get the BMO Business Platinum Rewards?
The BMO Business Platinum Rewards fits spenders who put meaningful volume in gas and can earn 3x points. Best for spenders who put meaningful volume in gas and can earn 3x points. The welcome bonus can help if you can meet the spend requirement.
BMO Business Platinum Rewards fits spenders who put meaningful volume in gas and can earn 3x points. Madeen ranks its gas effective rate higher than about 67% of the catalog in that category. Compare it against cards you already carry with Madeen — no bank login required.
Best for spenders who put meaningful volume in gas and can earn 3x points. The welcome bonus can help if you can meet the spend requirement.
Foreign transaction fees make it weaker for international spend.
Worth a look for gas spend if you need a business card and can use BMO Flex Rewards the way you redeem today. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Pros
- Strongest Madeen category is gas at about 3% effective (3x points).
- No annual fee in our catalog snapshot.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- Charges $2 foreign transaction fees.
- BMO Flex Rewards value depends on how you redeem, not straight cash back.
- Business card — rewards and liability rules differ from consumer cards.
Does the BMO Business Platinum Rewards have an annual fee, and what's the welcome bonus?
The BMO Business Platinum Rewards has an annual fee of $0 and a foreign transaction fee of $2. New applicants may see: Earn a welcome bonus of up to 100,000 rewards points in your first year! Earn 50,000 bonus rewards points when you spend $5,000 within 3 months of account opening, plus an additional 50,000 bonus rewards points when you.
- Annual fee
- $0
- Foreign transaction fee
- $2
- Signup bonus
- Earn a welcome bonus of up to 100,000 rewards points in your first year! Earn 50,000 bonus rewards points when you spend $5,000 within 3 months of account opening, plus an additional 50,000 bonus rewards points when you spend at least $50,000 within 12 months of account opening.
What benefits come with the BMO Business Platinum Rewards?
The BMO Business Platinum Rewards includes Car Rental Insurance, Cell Phone Protection, Discounts on Intuit QuickBooks® and TurboTax® in our snapshot. Perks and benefits can change; verify coverage on the issuer site before you rely on them. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
- Car Rental InsuranceIncluded with Standard Mastercard
Reimbursement for covered physical damage and/or theft of a rental vehicle with primary protection: 1-800-MASTERCARD.9
- Cell Phone Protection
Get $600 cell phone protection when you charge your monthly wireless telephone bill to your card
- Discounts on Intuit QuickBooks® and TurboTax®
Enjoy discounts on Intuit QuickBooks® and TurboTax® to streamline your accounting and simplify your taxes
- Extended Warranty
You’ll get double the original manufacturer’s (or U.S. store brand) warranty for up to one year on most new items you buy with your eligible Mastercard that have an original manufacturer’s warranty of one year or less.
- Global emergency servicesIncluded with Standard Mastercard
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
- HealthLockIncluded with Standard Mastercard
Enjoy a HealthLock for Mastercard® Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
- Instacart BusinessIncluded with Standard Mastercard
Fuel your business with same-day delivery of snacks, supplies and more. Enjoy $0 delivery fees* with three free months of Instacart+ and $20 off your second order each month. Offer expires on 1/31/2027.
- Intuit® QuickBooks® Online and QuickBooks Online PayrollIncluded with Standard Mastercard
Save 30% on QuickBooks Online, QuickBooks Solopreneur or QuickBooks Online Payroll for 12 months.
Common questions about the BMO Business Platinum Rewards
Does the BMO Business Platinum Rewards have an annual fee?
The BMO Business Platinum Rewards carries an annual fee of $0 in Madeen's catalog snapshot. Issuer terms can change, so confirm the current fee on the issuer's site before you apply. Madeen does not predict approval or prequalification. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What category earns the most with the BMO Business Platinum Rewards?
Gas is the strongest Madeen category for the BMO Business Platinum Rewards at about 3% effective value, based on our catalog snapshot and standard point valuations. Other categories are listed in the effective-rate table on this page. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Does the BMO Business Platinum Rewards charge foreign transaction fees?
The BMO Business Platinum Rewards charges a foreign transaction fee of $2 in our catalog snapshot. Check issuer terms before international spend because rates and fee waivers can change. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What is the BMO Business Platinum Rewards welcome bonus?
The BMO Business Platinum Rewards welcome offer in our snapshot: Earn a welcome bonus of up to 100,000 rewards points in your first year! Earn 50,000 bonus rewards points when you spend $5,000 within 3 months of account opening, plus an additional 50,000 bonus rewards points when you spend at least $50,000 within 12 months of account opening.. Minimum spend,.
What credit score do you need for the BMO Business Platinum Rewards?
Madeen's catalog lists a typical credit range of Good for the BMO Business Platinum Rewards. Issuers decide approval using their own criteria; Madeen does not predict approval odds or prequalification. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
How do you redeem rewards on the BMO Business Platinum Rewards?
Rewards on the BMO Business Platinum Rewards post as BMO Flex Rewards. Redemption value depends on how you use BMO Flex Rewards (statement credit, travel, transfers, or issuer portals). Madeen shows effective cash-equivalent rates using standard valuations. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
How does the BMO Business Platinum Rewards compare to similar cards?
Compare the BMO Business Platinum Rewards against BMO Cash Back Mastercard (5% on Other, $0 fee); BMO Escape (4% on Dining, $150 fee); BMO Premium Rewards Mastercard (3% on Dining, $95 fee). Madeen ranks effective value by category and annual fee using the same catalog snapshot dated 2026-05-01.
| Card | Top category | Effective value | Annual fee |
|---|---|---|---|
BMO Business Platinum Rewards This card | Gas | 3% | $0 |
| Other | 5% | $0 | |
BMO | Dining | 4% | $150 |
| Dining | 3% | $95 | |
| Grocery | 2% | $0 |
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