BMO Platinum Rewards Mastercard®
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How we calculate effective rate →
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..
- Top category
- Grocery
- Effective value
- 2%
- Annual fee
- $0
Best for grocery-heavy spend when you want to avoid an annual fee; confirm issuer terms before applying. 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.
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 69% of the 2,855 cards we track in that category. The five-category effective-rate table on this page shows how BMO Platinum Rewards Mastercard compares across dining, grocery, gas, travel, and other spend. Catalog spend signals highlight groceries.
Grocery is the strongest category at 2% effective value (2x points at about 1 cents each). That grocery rate ranks higher than about 69% of the 2,855 cards we track in that category. The five-category effective-rate table on this page shows how BMO Platinum Rewards Mastercard compares across dining, grocery, gas, travel, and other spend.
| 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.
- 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 69% 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.
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.
What is the BMO Platinum Rewards Mastercard welcome bonus?
In Madeen's catalog snapshot, the BMO Platinum Rewards Mastercard welcome offer is 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 — confirm on the issuer application page before applying.
- Offer
- 15k BMO Flex Rewards (~$150 estimated)
- Terms (catalog snapshot)
- Get 15,000 bonus points when you spend $2,000 within 3 months of opening your account.
- Minimum spend
- $1,500
- Window
- 3Months
Does the BMO Platinum Rewards Mastercard have an annual fee?
The BMO Platinum Rewards Mastercard has an annual fee of $0 and a foreign transaction fee of $3. Confirm current fees on the issuer page before applying.
- Annual fee
- $0
- Foreign transaction fee
- $3
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.
Extended Warranty
$10,000/yrUp to 1 additional year on original manufacturer's warranty of 1 year or less.
Cell Phone Protection
$7,200/yrUp to $400 in coverage. Automatic coverage, no additional cost.
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.
Instacart
$140/yrGroceries 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+.
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.
Mastercard ID Theft Protection
$10/yrMonitor your credit file for fraud, get alerts for suspicious activity and access a resolution specialist.
Mastercard Music and Entertainment Access benefit
$10/yrMastercard 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.
Protection wherever you shop
$10/yrWith Mastercard Zero Liability protection you’re protected against unauthorized transactions in stores, online and in app.
Related encyclopedia topics
Common questions about the BMO Platinum Rewards Mastercard
Where do cardholders spend most with the BMO Platinum Rewards Mastercard?
Madeen's RewardsCC catalog snapshot shows the strongest bonus categories on groceries (2x), gas (2x) for the BMO Platinum Rewards Mastercard. 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 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.
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.
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.
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.
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.
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 | |
| Dining | 4% | $150 | |
| Gas | 3% | $0 | |
| Dining | 3% | $95 |
Side-by-side comparisons
Store-specific guides
Madeen publishes merchant guides that rank cards for specific stores and services. Browse guides for grocery spend to see which cards win at checkout.
Related Madeen guides
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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.
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