BMO Platinum Rewards Mastercard®
The BMO Platinum Rewards Mastercard® from BMO earns up to 2% effective value on grocery in Madeen's catalog snapshot. It has no annual fee. New applicants may see: Get 15,000 bonus points when you spend $2,000 within 3 months of opening your account.. Madeen compares this card against the cards you already carry — no bank login required.
- Top category
- Grocery
- Effective value
- 2%
- Annual fee
- $0
Madeen may earn compensation from some apply links. Affiliate disclosure
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 Platinum Rewards Mastercard earn in each category?
Grocery is the strongest category at 2% effective value (2x points at about 1 cents each). That grocery rate ranks higher than about 47% of the 1,552 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Grocery is the strongest category at 2% effective value (2x points at about 1 cents each). That grocery rate ranks higher than about 47% of the 1,552 cards we track in that category.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 1x points | 1% |
| Grocery Supermarkets and grocery stores | 2x points | 2% Top category |
| Gas Gas stations and fuel | 2x points | 2% |
| 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 Platinum Rewards Mastercard reward caps and conditions?
The BMO Platinum Rewards Mastercard has 1 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.
- Capped at $2500 per quarter.
Who should get the BMO Platinum Rewards Mastercard?
The BMO Platinum Rewards Mastercard fits spenders who put meaningful volume in grocery and can earn 2x points. Best for spenders who put meaningful volume in grocery and can earn 2x points. The welcome bonus can help if you can meet the spend requirement.
BMO Platinum Rewards Mastercard fits spenders who put meaningful volume in grocery and can earn 2x points. Madeen ranks its grocery effective rate higher than about 47% 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 grocery and can earn 2x points. The welcome bonus can help if you can meet the spend requirement.
Foreign transaction fees make it weaker for international spend.
Best for grocery-heavy spend when you want to avoid an annual fee; confirm issuer terms before applying. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Pros
- Strongest Madeen category is grocery at about 2% effective (2x points).
- No annual fee in our catalog snapshot.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- Charges $3 foreign transaction fees.
- BMO Flex Rewards value depends on how you redeem, not straight cash back.
Does the BMO Platinum Rewards Mastercard have an annual fee, and what's the welcome bonus?
The BMO Platinum Rewards Mastercard has an annual fee of $0 and a foreign transaction fee of $3. New applicants may see: Get 15,000 bonus points when you spend $2,000 within 3 months of opening your account.. Confirm current issuer terms before applying.
- Annual fee
- $0
- Foreign transaction fee
- $3
- Signup bonus
- Get 15,000 bonus points when you spend $2,000 within 3 months of opening your account.
What benefits come with the BMO Platinum Rewards Mastercard?
The BMO Platinum Rewards Mastercard includes Cell Phone Protection, Extended Warranty, Global emergency services 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.
- Cell Phone Protection
Up to $400 in coverage. Automatic coverage, no additional cost.
- Extended Warranty
Up to 1 additional year on original manufacturer's warranty of 1 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.
- InstacartIncluded with Standard Mastercard
Groceries and more delivered in as fast as one hour. Get $10 off your second order each month, and new Instacart+ members can also get three free months of Instacart+.
- Mastercard ID Theft ProtectionIncluded with Standard Mastercard
Monitor your credit file for fraud, get alerts for suspicious activity and access a resolution specialist.
- Mastercard Music and Entertainment Access benefitIncluded with Standard Mastercard
Mastercard gives you exclusive access to ticket presales at top venues and festivals across the U.S. Eligibility restrictions, exclusions and terms apply. Offer expires 3/31/2027.
- Mastercard Transit BenefitIncluded with Standard Mastercard
Save when you tap and go with your eligible Mastercard and receive a $2.50 statement credit when you spend $10 or more each month at participating transit systems.
Common questions about the BMO Platinum Rewards Mastercard
Does the BMO Platinum Rewards Mastercard have an annual fee?
The BMO Platinum Rewards Mastercard 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 Platinum Rewards Mastercard?
Grocery is the strongest Madeen category for the BMO Platinum Rewards Mastercard at about 2% 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 Platinum Rewards Mastercard charge foreign transaction fees?
The BMO Platinum Rewards Mastercard charges a foreign transaction fee of $3 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 Platinum Rewards Mastercard welcome bonus?
The BMO Platinum Rewards Mastercard welcome offer in our snapshot: Get 15,000 bonus points when you spend $2,000 within 3 months of opening your account.. Minimum spend, eligibility, and offer windows are set by the issuer and can change. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What credit score do you need for the BMO Platinum Rewards Mastercard?
Madeen's catalog lists a typical credit range of Good for the BMO Platinum Rewards Mastercard. 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 Platinum Rewards Mastercard?
Rewards on the BMO Platinum Rewards Mastercard 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 Platinum Rewards Mastercard compare to similar cards?
Compare the BMO Platinum Rewards Mastercard against BMO Cash Back Mastercard (5% on Other, $0 fee); BMO Escape (4% on Dining, $150 fee); BMO Business Platinum Rewards (3% on Gas, $0 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 Platinum Rewards Mastercard This card | Grocery | 2% | $0 |
| Other | 5% | $0 | |
BMO | Dining | 4% | $150 |
| Gas | 3% | $0 | |
| Dining | 3% | $95 |
Related Madeen guides
Related cards
Issuer links
Madeen may earn compensation from some apply links. Compensation may affect which offers are available, but it does not control recommendations for cards you have already added to your wallet. Affiliate disclosure
See how this card ranks in your wallet
Madeen compares the cards you already carry for dining, groceries, gas, travel, and everyday purchases — free, no bank login required.