BMO Business Platinum Rewards
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How we calculate effective rate →
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..
- Top category
- Gas
- Effective value
- 3%
- Annual fee
- $0
Worth a look for gas spend if you need a business card and can use BMO Flex Rewards the way you redeem today. 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.
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 82% of the 2,854 cards we track in that category. The five-category effective-rate table on this page shows how BMO Business Platinum Rewards compares across dining, grocery, gas, travel, and other spend. Catalog spend signals highlight internet.
Gas is the strongest category at 3% effective value (3x points at about 1 cents each). That gas rate ranks higher than about 82% of the 2,854 cards we track in that category. The five-category effective-rate table on this page shows how BMO Business Platinum Rewards compares across dining, grocery, gas, travel, and other spend.
| 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.
- 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 82% 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.
Pros
- Strongest Madeen category is gas at about 3% effective (3x points).
- That gas rate ranks higher than about 82% of cards we track in the category.
- 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.
What is the BMO Business Platinum Rewards welcome bonus?
In Madeen's catalog snapshot, the BMO Business Platinum Rewards welcome offer is 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..
- Offer
- 50k BMO Flex Rewards (~$500 estimated)
- Terms (catalog 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
- $5,000
- Window
- 3Months
Does the BMO Business Platinum Rewards have an annual fee?
The BMO Business Platinum Rewards has an annual fee of $0 and a foreign transaction fee of $2. Confirm current fees on the issuer page before applying.
- Annual fee
- $0
- Foreign transaction fee
- $2
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.
Extended Warranty
$10,000/yrYou’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.
Cell Phone Protection
$7,200/yrGet $600 cell phone protection when you charge your monthly wireless telephone bill to your card
Purchase Assurance
$1,000/yrYou’ll get coverage for most items you buy with your eligible Mastercard if the item is damaged or stolen within 90 days of the purchase date.
Microsoft Advertising
$300/yrGrow your business and attract more customers with $300 in advertising credit after spending only $150 with Microsoft Advertising. Offer expires on 7/31/2026.
Mastercard Transit Benefit
$200/yrSave 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.
Master RoadAssist®
$25/yrGet quick access to emergency roadside assistance including jump-starts, tire change, towing and gas delivery if you get stuck on the road. Service fees are pre-negotiated and billed to your eligible Mastercard.
MasterRental®
$25/yrPays for covered damages (physical damage and theft) to a rental vehicle when you pay for the rental with your Mastercard and you decline the optional collision/damage coverage offered by the rental company.
Mastercard ID Theft Protection™
$10/yrProtect your personal and financial information with services that include credit bureau notifications, card replacement assistance, ID theft education and access to Identity Theft Alerts.
Car Rental Insurance
$10/yrReimbursement for covered physical damage and/or theft of a rental vehicle with primary protection: 1-800-MASTERCARD.9
Global emergency services
$10/yrCall 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
HealthLock
$10/yrEnjoy a HealthLock for Mastercard® Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
Instacart Business
$10/yrFuel 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.
Related encyclopedia topics
Common questions about the BMO Business Platinum Rewards
Where do cardholders spend most with the BMO Business Platinum Rewards?
Madeen's RewardsCC catalog snapshot shows the strongest bonus categories on internet and cable (5x), telephone (5x), office supplies (4x) for the BMO Business Platinum Rewards. These are anonymized issuer category signals, not individual cardholder transactions. Route everyday spend through categories that match your habits, then compare effective rates with Madeen at checkout.
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.
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.
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.
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.
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 | |
| Dining | 4% | $150 | |
| Dining | 3% | $95 | |
| Grocery | 2% | $0 |
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BMO and related product names are trademarks of their respective owners. Madeen is not affiliated with, sponsored by, endorsed by, or acting on behalf of BMO. Madeen is an independent credit-card comparison and education service. Issuer websites control current terms, fees, and eligibility.
Madeen compares cards you add to your wallet using published catalog rules — no bank login required. Issuer pages control current fees, caps, exclusions, and eligibility; Madeen does not issue cards, make approval decisions, or provide financial advice. Apply links are temporarily hidden on madeen.app. Affiliate disclosure