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The BMO Harris Bank Premium Rewards Mastercard has an offer for 35,000 bonus points when you spend $5,000 within the first three months. According to BMO Harris Bank, this welcome offer is worth over $435 when you redeem for travel awards. Although it might seem like a generous bonus, you’ll also have to spend quite a bit to qualify. See our list for more travel credit cards such as the Chase Sapphire Preferred® Card.
Slated as a premium travel rewards card, the BMO Harris Bank Premium Rewards card offers triple points on dining, hotel and airfare, but only on up to $2,500 in combined purchases every quarter. So it’s a good fit if you’re a light to moderate spender in these three bonus categories.
For $79 a year, you’ll also enjoy Priority Pass Select membership for complimentary airport lounge access and a 15% anniversary point bonus. Plus, pay no foreign transaction fees when you make purchases abroad.
Unfortunately, however, not everyone is eligible to apply. The BMO Harris Bank Premium Rewards card is only available to residents of eight states where the bank operates (more on that later).
*Check out BMO Harris Bank bonuses for Checking & Savings accounts.
CHASE SAPPHIRE PREFERRED® CARD
The Chase Sapphire Preferred® Card currently has an offer for 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Redeeming the 60,000 bonus points through the Chase Ultimate Rewards program, which is praised by users, will get you $750 in value towards travel. The 60K bonus points are worth $750 because you get 25% more value whenever you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards.
Even better, strategize with Chase Ultimate Rewards points transfer partners to potentially get even more value. Each point can be worth up to 2 cents apiece (60k points = ~$1,200). Read more on this here.
BMO Harris Bank Premium Rewards Card 35,000 Bonus Points Offer
Take advantage of the BMO Harris Bank Premium Rewards card’s 35,000 bonus points offer, worth over $435 when you redeem for travel awards.
To qualify, charge at least $5,000 to your card within the first three months of opening your account.
Here are some ideas on meeting the spending requirement:
What Are BMO Harris Bank Premium Rewards Points Worth?
Like many other rewards cards, the value of your points depends on how you use them. When it comes time to redeem your BMO Harris Bank Premium Rewards points, you have a variety of options, including:
- Airfare, hotel stays, cruises and vacation packages
- Gift cards
- Merchandise
- Statement credits
If 35,000 points will get you over $435 in travel awards, that means each point is worth at least $0.012 when redeemed this way.
*Your points don’t expire as long as your account is open.
BMO Harris Bank Premium Rewards Card Top Features
Enjoy complimentary Priority Pass Select membership which lets you access more than 850 lounges worldwide. You’ll get two free lounge passes. After that, the membership lets you have unlimited lounge access for $27 per visit.
Every year, if your account is in good standing, get a 15% bonus on what you earned in the previous year. For example, if you earned 20,000 points last year, you’d get an anniversary bonus of 3,000 points.
Make purchases abroad without worrying about foreign transaction fees with the BMO Harris Bank Premium Rewards card.
BMO Harris Bank Premium Rewards Card Availability
The BMO Harris Bank Platinum Rewards card is only available to those who live near a BMO Harris Bank. That includes residents of:
- Arizona
- Florida
- Indiana
- Illinois
- Kansas
- Minnesota
- Missouri
- Wisconsin
Otherwise, you’ll want to consider other credit cards that are available nationwide.
Bottom Line
The BMO Harris Bank Premium Rewards Mastercard is a solid option for frequent travelers who spend moderately on dining, hotels and airfare, and who will take full advantage of the airport lounge benefit.
But if you’re a big spender, then you’ll want to consider a rewards cards with unlimited bonus rewards instead.
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Editorial Disclaimer: Opinions expressed here are author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.