BMO Premium Rewards Mastercard®
The BMO Premium Rewards Mastercard® from BMO earns up to 3% effective value on dining in Madeen's catalog snapshot. Its annual fee is $95. New applicants may see: Get 35,000 bonus points when you spend $5,000 within 3 months of opening your account.. Madeen compares this card against the cards you already carry — no bank login required.
- Top category
- Dining
- Effective value
- 3%
- Annual fee
- $95
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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 Premium Rewards Mastercard earn in each category?
Dining is the strongest category at 3% effective value (3x points at about 1 cents each). That dining rate ranks higher than about 66% of the 1,547 cards we track in that category. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
Dining is the strongest category at 3% effective value (3x points at about 1 cents each). That dining rate ranks higher than about 66% of the 1,547 cards we track in that category.
| Category | Earn rate | Effective value |
|---|---|---|
| Dining Restaurants, cafes, takeout | 3x points | 3% Top category |
| Grocery Supermarkets and grocery stores | 1x points | 1% |
| Gas Gas stations and fuel | 1x points | 1% |
| Travel Flights, hotels, transit | 3x points | 3% |
| 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 Premium Rewards Mastercard reward caps and conditions?
The BMO Premium 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 Premium Rewards Mastercard?
The BMO Premium Rewards Mastercard fits spenders who put meaningful volume in dining and can earn 3x points. Best for spenders who put meaningful volume in dining and can earn 3x points. The welcome bonus can help if you can meet the spend requirement.
BMO Premium Rewards Mastercard fits spenders who put meaningful volume in dining and can earn 3x points. Madeen ranks its dining effective rate higher than about 66% 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 dining and can earn 3x points. The welcome bonus can help if you can meet the spend requirement.
Compare it against simpler no-fee cards if you want minimum complexity.
Best for dining-heavy spend when the $95 fee fits your usage; 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 dining at about 3% effective (3x points).
- No foreign transaction fee listed.
- Welcome bonus may add value if you can meet spend requirements.
Cons
- $95 annual fee requires enough spend in bonus categories to offset.
- BMO Flex Rewards value depends on how you redeem, not straight cash back.
Does the BMO Premium Rewards Mastercard have an annual fee, and what's the welcome bonus?
The BMO Premium Rewards Mastercard has an annual fee of $95 and a foreign transaction fee of None. New applicants may see: Get 35,000 bonus points when you spend $5,000 within 3 months of opening your account.. Confirm current issuer terms before applying.
- Annual fee
- $95
- Foreign transaction fee
- None
- Signup bonus
- Get 35,000 bonus points when you spend $5,000 within 3 months of opening your account.
What benefits come with the BMO Premium Rewards Mastercard?
The BMO Premium 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 $600. 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+.
- Lost Luggage Protection
Up to the actual cost of repairing or replacing your checked or carry-on luggage.
- 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.
Common questions about the BMO Premium Rewards Mastercard
Does the BMO Premium Rewards Mastercard have an annual fee?
The BMO Premium Rewards Mastercard carries an annual fee of $95 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 Premium Rewards Mastercard?
Dining is the strongest Madeen category for the BMO Premium Rewards Mastercard 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 Premium Rewards Mastercard charge foreign transaction fees?
The BMO Premium Rewards Mastercard does not charge a foreign transaction fee in Madeen's catalog snapshot, which can make it stronger for purchases outside the U.S. Issuer terms still control international acceptance and other fees. Madeen summarizes catalog reward rules for comparison only; issuer pages control current fees, caps, exclusions, and eligibility.
What is the BMO Premium Rewards Mastercard welcome bonus?
The BMO Premium Rewards Mastercard welcome offer in our snapshot: Get 35,000 bonus points when you spend $5,000 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.
Is the BMO Premium Rewards Mastercard annual fee worth it?
Whether the $95 annual fee pays off depends on how much you spend in dining and whether you use the card's benefits. Madeen compares effective rates across the cards you already carry without bank login. 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 Premium Rewards Mastercard?
Madeen's catalog lists a typical credit range of Excellent for the BMO Premium 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 does the BMO Premium Rewards Mastercard compare to similar cards?
Compare the BMO Premium Rewards Mastercard against BMO Escape (4% on Dining, $150 fee); BMO Cash Back Mastercard (5% on Other, $0 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 Premium Rewards Mastercard This card | Dining | 3% | $95 |
BMO | Dining | 4% | $150 |
| Other | 5% | $0 | |
| Gas | 3% | $0 |
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