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BMO Blue Rewards Mastercard
no-fee3.3 / 5

BMO Blue Rewards Mastercard

BMO · Mastercard

Best for

Casual Blue Rewards collectors who want a no-fee keeper card for partner spending.

Apply on BMO
Annual fee
None
FX fee
2.5%
Purchase APR
21.99%
Income req.
N/A
Recommended credit score
640+
Approval difficulty
Moderate approval

VaultNerd estimate based on the card's tier and income requirements, not an official issuer cutoff. Approval also depends on income, debt, and credit history.

Our verdict

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.

Reward 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

VaultNerd values these points at ~0.67¢ each.

Welcome bonus

~$135 value

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

Requirement: Spend $1,500 in the first 110 days; apply by October 31, 2026

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

  • 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

Frequently asked questions

Is the BMO Blue Rewards Mastercard worth it?

It has no annual fee, and we rate it 3.3 out of 5. It's best suited to casual Blue Rewards collectors who want a no-fee keeper card for partner spending. The welcome bonus is worth roughly $135, which covers the first year for many people. Whether it's worth it for you depends on your spending. Run your own numbers through our credit card finder to see the net rewards after the fee.

What does the BMO Blue Rewards Mastercard earn?

It earns 5x on blue rewards partners (incl. blue rewards travel), 1x on groceries, wholesale clubs & alcohol and 1x on gas & ev charging. We value these points at about 0.67¢ each, so the top rate works out to roughly 3.4% back.

What credit score do you need for the BMO Blue Rewards Mastercard?

We'd suggest a score of around 640 or higher, which puts approval in our "moderate" band. This is a VaultNerd estimate based on the card's tier and stated requirements. Approval also depends on your income, existing debt and credit history.

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site. This does not influence our editorial content.
Written by
VaultNerd Editorial Team

Researching and writing about Canadian personal finance since 2026.

Last reviewed June 2026 · How we research

Cite this page

“BMO Blue Rewards Mastercard Review.” VaultNerd, https://www.vaultnerd.com/ca/credit-cards/bmo-blue-rewards-mastercard, updated June 2026.

Sources
  • BMO cardholder agreement and rates & fees disclosure
  • VaultNerd cards database