Wealthsimple Credit Card
4.4·No-fee, no-FX everyday cash back — especially for Wealthsimple clients
- Annual fee
- No annual fee
- Top reward
- 1% everything
- Rare no-fee card with no FX fees
- Flat 1% on everything, auto-invested
rewardsno fee
BMO Blue Rewards Mastercard
3.3
Welcome bonus
Up to 20,000 BMO Rewards points
- 5x blue rewards partners (incl. blue rewards travel) — At 400+ participating partners; capped at $500 in spend per billing cycle
- 1x groceries, wholesale clubs & alcohol
- 1x gas & ev charging
- Annual fee
- No annual fee
- Interest rates
Purchases
21.99%
Cash advances
23.99%
- Foreign transactions
- 2.5%
Rated by the CreditCardGuru Editorial Team
A simple, no-cost entry into BMO's new Blue Rewards program; fine as a partner-store companion card, but the base earn is too thin to be a primary card.
At a glance
- Annual fee
- No annual fee
- Welcome bonus
- $135
- Foreign tx fee
- 2.5%
- Network
- MASTERCARD
- Rewards
- points
- Purchase APR
- 21.99%
Rewards & earn rates
| Blue Rewards partners (incl. Blue Rewards Travel)At 400+ participating partners; capped at $500 in spend per billing cycle | 5x |
| Groceries, wholesale clubs & alcohol | 1x |
| Gas & EV charging | 1x |
| Everything else | 0.5x |
Welcome offer: Up to 20,000 BMO Rewards points (Spend $1,500 in the first 110 days; apply by October 31, 2026).
Pros & cons
Pros
- No-fee way to earn in the new Blue Rewards ecosystem
- Easy welcome bonus with a low spend requirement
Cons
- Weak 0.5x base earn outside bonus categories
- No travel insurance or lounge benefits
- Points are not transferable to airline programs
Perks & insurance
Key perks
- 5x Blue Points at 400+ Blue Rewards partners
- No annual fee with free supplementary cards
- 0.99% introductory balance transfer rate for 9 months
- Three months of Instacart+ plus $5 monthly Instacart credit (enrollment required)
- Simple redemptions: 1,500 points = $10 in-store or on e-gift cards
Insurance
- Extended warranty insurance
- Purchase protection
Rates & fees
- Annual fee
- None
- Purchase interest
- 21.99%
- Cash advance
- 23.99%
- Foreign transactions
- 2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but BMO can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on BMO's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and BMO's own criteria. Bonuses often exclude anyone who has held the card before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with BMO. Trademarks belong to their respective owners.
Similar cards to consider
Tangerine Money-Back Credit Card
4.4·No-fee cash back with customizable bonus categories
- Annual fee
- No annual fee
- Welcome bonus
- $100
- Top reward
- 2% groceries (a 2% category)
- Pick the 2% categories that match your spending
- Truly no-fee with monthly payouts
Disclaimer: This page is for informational purposes only and does not constitute financial, tax or legal advice. Card terms and offers change and may be out of date — always verify with the issuer before applying, and consult a qualified professional before making financial decisions. CreditCardGuru may earn a commission from cards featured on this site; this never influences our editorial ratings. See our advertiser disclosure.
Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
Our editorial team independently researches and rates every credit card in Canada using a transparent, data-driven methodology. We update card terms continuously and never let issuer relationships influence our ratings.
- 200+ Canadian cards tracked
- Transparent rating methodology
- Updated continuously
Cite this page
“BMO Blue Rewards Mastercard Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/bmo-blue-rewards-mastercard, updated June 7, 2026.