rewardsno fee

BMO® Blue Rewards Mastercard® review

Name: BMO Blue Rewards Mastercard
Brand: BMO

3.3Rated 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: 20,000 bonus Blue Points (worth about $133) (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

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Written by

CreditCardGuru Editorial Team

Rewards & Cards Research

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Cite this page

“BMO® Blue Rewards Mastercard® Review (2026)” — CreditCardGuru, https://creditcardguru.ca/cards/bmo-blue-rewards-mastercard, updated June 7, 2026.