Last Updated: 04/18/2025
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Highlights
Purchase APR (Variable APR)
18.99% - 27.99%(Verified 06/21/2024)
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Balance Transfer APR (Variable APR)
18.99% - 27.99%(Verified 06/21/2024)
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Annual Fee
$0
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Credit Score Range
650 - 850
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BMO Harris Business Platinum Rewards Mastercard® Review
This is a rewards card issued by BMO. If you're wondering whether BMO Harris Business Platinum Rewards Mastercard® is the right card for you, read on.
Key Takeaways
- Reward points. Your points don’t expire. Earn 1.5 points for every $1 spent1.
- 0% Intro APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for 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 9 months.
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR that ranges from 18.99% up to 27.99%.
- 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.
- A 4% balance transfer fee. BMO Harris Business Platinum Rewards Mastercard® charges a fee of 4% on balance transfers. 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 up to 2% every time you make a transaction outside the U.S.
- Multiple business credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, extended warranty protection on purchases, identity theft protection, purchase security, travel accident insurance, travel assistance, and fraud protection.
- Fair or better credit required. You will have good approval odds if you have a fair credit score or better.
Pros & Cons of BMO Harris Business Platinum Rewards Mastercard®
| The Good | The Bad |
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What are the relevant APRs?
This business credit card has a variable purchase APR that ranges from 18.99% up to 27.99% . The card has a variable balance transfer APR that ranges from 18.99% up to 27.99% .
It also has a variable cash advance APR of 30.99%.
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 | 18.99% - 27.99% |
| Balance Transfer APR | 18.99% - 27.99% |
| Cash Advance APR | 30.99% |
What fees does it charge?
The following fees apply to this business credit card:
- There is no annual fee.
- A late payment penalty of $39 .
- A returned payment 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 or rewards program?
Yes, BMO Harris Business Platinum Rewards Mastercard® 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:
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Rewards Categories |
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| Rewards Type | Points | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reward Rates | 1.5 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
- Airfare
- Every Purchase
- Hotels
- Office Supply Stores
- Restaurants
- Retail
Does it have a sign up bonus?
This business credit card doesn't offer a cash signup bonus.
Does it offer an annual loyalty bonus?
This business card doesn't offer a cash loyalty bonus.
BMO Harris Business Platinum Rewards Mastercard® Disclosure: 1- 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.
2 - 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.
Mastercard®, Mastercard® Easy Savings®, and the Mastercard Brand Mark are trademarks of Mastercard International Incorporated. Refer to the Mastercard Guide to Benefits for more information..
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Banking products and services are provided by BMO Harris Bank N.A. and are
subject to bank and credit approval. Member FDIC. © 2022 BMO Harris Bank N.A. All Rights Reserved.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 Business Platinum Rewards Mastercard®
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Other Business Credit Cards from BMO
Rating not yet determined
Purchase APR
12.74% - 21.74%
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Balance Transfer APR
11.24% - 20.24%
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Annual Fee
$0
Credit Score Range
600 - 850
300
850
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