BMO Harris Bank Business Platinum Rewards Mastercard®
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Business Credit Cards from BMO Harris Bank
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BMO Harris Bank Business Platinum Rewards Mastercard®
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| Purchase APR (Variable APR) | 15.24% - 24.24% |
| Balance Transfer APR (Variable APR) | 15.24% - 24.24% |
| Credit Score Range | 650 - 850 |
| Annual Fee | $0 |
BMO Harris Bank Business Platinum Rewards Mastercard® Review
Key Takeaways
- 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 9 months , which is shorter than the average 0% APR period of 12 months.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 9 months.
- Signup bonus. Offers a signup bonus of 25000 points after spending $3,000 that can be redeemed for travel, gifts, or other perks.
- Competitive APRs. BMO Harris Bank Business Platinum Rewards Mastercard® has a variable purchase APR that ranges from 15.24% up to 24.24%.
- No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
- 4% Balance transfer fee. BMO Harris Bank Business Platinum Rewards Mastercard® charges a fee of 4% on balance transfers, if you transfer the balance within 90 days of opening the account. For example, a balance of $1,000 could cost $40 in transfer fees. The minimum fee is $10.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of 2% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as rental insurance, extended warranty protection on purchases, identity theft protection, purchase protection, travel accident insurance, travel assistance, and fraud protection.
- Fair or better credit required. You will have good approval odds if your credit score is above 650.
Pros & Cons of BMO Harris business credit card
| The Good | The Bad |
|---|---|
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BMO Harris business credit card FAQ
Who is BMO Harris business credit card designed for?
This is a credit card issued by BMO Harris Bank.
This business card is designed for small businesses with fair credit. The minimum credit score to apply is 650.
What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 15.24% up to 24.24%. The card has a variable balance transfer APR that ranges from 15.24% up to 24.24%.
It also has a variable cash advance APR of 27.24%.
Does it have an introductory APR offer?
Yes, this business card offers an introductory APR rate on balance transfers of 0% for a period of 9 months from account opening.
This business card does offer an introductory APR rate on new purchases of 0% for a period of 9 months.
| Purchase APR | 15.24% - 24.24% |
| Balance Transfer APR | 15.24% - 24.24% |
| Cash Advance APR | 27.24% |
What fees does it charge?
The following fees apply to this business credit card:
- There is no annual fee.
- A late payment penalty of up to $39.
- A returned payment fee of up to $39.
- An overlimit fee of $39.
Does it charge a foreign transaction fee?
This business card charges a foreign transaction fee of 2%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $40. If you travel abroad you may want to leave this business card at home and apply for one that doesn't charge a foreign transaction fee.
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Foreign Transaction Fee | 2% |
| Balance Transfer Fee | 4% |
| Minimum Balance Transfer Fee | $10 |
| Returned Payment Fee | $39 |
| Late Payment Fee | $39 |
Does it offer a cash back rewards program?
This business credit card offers a rewards program to its customers. This business card offers rewards to small business owners that use the card to make purchases in the following bonus categories:
- Advertising Services
- Airfare
- Amazon.com
- Car Rentals
- Internet, Cable and Phone Services
- Drug Stores
- Education
- Every Purchase
- Furniture
- Gas stations
- Groceries
- Gyms
- Home Improvement
- Hotels
- Insurance
- Office Supply Stores
- Restaurants
- Retail
- Shipping
- Software, Hardware, Cloud
- Utilities
- Warehouse Clubs
Does it have a sign up bonus?
This business credit card doesn't offer a cash signup bonus.
However, it does include a 25000 points signup bonus after you spend $3000 that can be redeemed for travel, gifts, or other perks.
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
Can I get it with just an employer identification number (EIN)?
You can apply for this business credit card with your EIN number, but expect the credit card issuer to also require your Social Security number. This is because, as with most business cards, it requires you to personally guarantee the line of credit.What are the benefits?
This business credit card provides the following benefits:
- Auto Rental Collision Damage Waiver
- Extended Warranty Protection
- Fraud Liability
- Travel Accident Insurance
- Travel Assistance
- Reports to major credit bureaus
What is the support contact email?
The support contact email for this business credit card is servicemembers@bmo.com.
Does BMO Harris Bank Business Platinum Rewards Mastercard® report your account activity to credit bureaus?
Yes, BMO Harris Bank Business Platinum Rewards Mastercard® reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
- Transunion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.
How to apply?
- Visit the BMO Harris Bank .
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
- If you're denied click here to find out why your application may have been rejected and what you can do about it.
BMO Harris Bank Business Platinum Rewards Mastercard® Disclosure:
1 - Participation in BMO Harris RewardsSM is subject to terms and conditions found in BMO Harris Rewards Program Rules, available at: https://www.bmoharris.com/pdf/credit/rewardsprogramrules.pdf. The Account must be current and in good standing to accrue and redeem points. While points don’t expire, if the Account is closed for any reason, the Account will no longer be able to accrue points. All accrued points not redeemed will be available for redemption for 90 days as long as the Account is closed in good standing. The introductory rewards bonus is based on total net qualified purchases made in the first three months of account opening and rewards will be awarded to qualifying Accounts 3 - 4 weeks after the conclusion of the three month period. Information regarding rates and offers is subject to change. Please visit www.bmoharris.com/smallbizcard for the most up-to-date offers available. Point values are current for new accounts only approved on or after 1/20/2021 and are subject to change at any time.
2 - 0% introductory APR on Purchases valid for the first nine months from account opening date. Please refer to the Summary of Credit Terms for important information about rates and fees. Balance Transfers available to Primary Cardholder only. For more details, please see the Business Credit Cardholder Agreement. 0% APR is valid for nine months from the date of the first balance transfer when the balance transfer is made within 90 days of account opening. Please refer to the Summary of Credit Terms for important information about rates and fees.
3 - See offer terms and conditions at intuit.me/quickbooks_mc. Intuit, QuickBooks and TurboTax are registered trademarks of Intuit Inc. Terms and conditions, features, support, pricing, and service options subject to change without notice. TurboTax Terms of Service can be found at https://turbotax.intuit.com/corp/terms-of-service.jsp and TurboTax Product Guarantees and other important information are located at https://turbotax.intuit.com/lp/yoy/guarantees.jsp.
4 - Apple is a trademark of Apple Inc., registered in the U.S. and/or other countries.
5 - Certain terms, conditions and exclusions apply. For complete coverage terms and conditions call 1-800-MASTERCARD (1-800-627-83721-800-627-8372) for assistance. Refer to the Mastercard Guide to Benefits for more information.
6 - Doubles the original manufacturer’s (or U.S. store brand) warranty for up to one year on most new items purchased with your eligible Mastercard card that have an original manufacturer’s warranty of one year or less. Refer to the Mastercard Guide to Benefits for more information.
7Provides coverage for most items you purchase with your eligible Mastercard if the item is damaged or stolen within 90 days of the date of purchase. Refer to the Mastercard Guide to Benefits for more information.
Mastercard®, Mastercard® Easy Savings®, Mastercard® Global ServiceTM, MasterRental® Master RoadAssist® and Priceless Cities® and the Mastercard Brand Mark are trademarks of Mastercard International Incorporated. Refer to the Mastercard Guide to Benefits for more information.
Apple and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung and Samsung Pay are trademarks of Samsung Electronics Co., Ltd.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message From BMO Harris Bank
Contact
- Headquarters
-
111 West Monroe Street
Chicago, IL 60603 - Visit Site
- Email Support
Other Services by BMO Harris Bank
View all business credit cards offered by BMO Harris Bank
Availability
Available in 50 states and Washington, D.C.
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Introductory Rate | 0% |
| Purchase Intro APR Period (Variable APR) | 9 months |
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