BMO Premium Rewards Mastercard®
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How we calculate effective rate →
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..
- Top category
- Dining
- Effective value
- 3%
- Annual fee
- $95
Best for dining-heavy spend when the $95 fee fits your usage; confirm issuer terms before applying. 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.
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 81% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how BMO Premium Rewards Mastercard compares across dining, grocery, gas, travel, and other spend. Catalog spend signals highlight coffee.
Dining is the strongest category at 3% effective value (3x points at about 1 cents each). That dining rate ranks higher than about 81% of the 2,850 cards we track in that category. The five-category effective-rate table on this page shows how BMO Premium Rewards Mastercard compares across dining, grocery, gas, travel, and other spend.
| 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.
- 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 81% 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.
Pros
- Strongest Madeen category is dining at about 3% effective (3x points).
- That dining rate ranks higher than about 81% of cards we track in the category.
- 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.
What is the BMO Premium Rewards Mastercard welcome bonus?
In Madeen's catalog snapshot, the BMO Premium Rewards Mastercard welcome offer is 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 — confirm on the issuer application page before applying.
- Offer
- 35k BMO Flex Rewards (~$350 estimated)
- Terms (catalog snapshot)
- Get 35,000 bonus points when you spend $5,000 within 3 months of opening your account.
- Minimum spend
- $5,000
- Window
- 3Months
Does the BMO Premium Rewards Mastercard have an annual fee?
The BMO Premium Rewards Mastercard has an annual fee of $95 and a foreign transaction fee of None. Confirm current fees on the issuer page before applying.
- Annual fee
- $95
- Foreign transaction fee
- None
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.
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 $600. Automatic coverage, no additional cost.
Lost Luggage Protection
$3,000/yrUp to the actual cost of repairing or replacing your checked or carry-on luggage.
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 Premium Rewards Mastercard
Where do cardholders spend most with the BMO Premium Rewards Mastercard?
Madeen's RewardsCC catalog snapshot shows the strongest bonus categories on coffee (3x), fast food (3x), other food and drink (3x) for the BMO Premium 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 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.
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.
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.
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.
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. Compare effective rates across the cards you already carry in Madeen.
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); Diners Club Card (1% on Dining, $95 fee); Diners Club Card Premier (1% 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 Premium Rewards Mastercard This card | Dining | 3% | $95 |
| Dining | 4% | $150 | |
| Dining | 1% | $95 | |
| Dining | 1% | $95 | |
| Dining | 1% | $300 |
Side-by-side comparisons
Store-specific guides
Madeen publishes merchant guides that rank cards for specific stores and services. Browse guides for dining 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