BMO Harris Bank Premium Rewards Mastercard® Review

BMO Harris Bank Premium Rewards Mastercard® is a rewards credit card issued by BMO Harris Bank. If you're wondering whether BMO Harris Bank Premium Rewards Mastercard® is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
• Signup bonus. Offers a signup bonus of 35000 points after spending $5,000 within 3 months that can be redeemed for travel, gifts, or other perks.
• Competitive APRs. BMO Harris Bank Premium Rewards Mastercard® has a variable purchase APR that ranges from 13.99% up to 21.99%.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Airport Lounge Access. Benefits like airport lounge access can add luxury to your travel experience.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, extended warranty protection on purchases, identity theft protection, purchase protection, travel assistance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 700.

The Good

The Bad

Introductory Offer: 35,000 bonus points when you spend $5,000 in the first 3 months of account opening. 15% anniversary point bonus every year Lower than average purchase APRs. 0% APR balance transfer intro rate on balance transfers for up to 12 months. No balance transfer fee. Annual fee waived during the first year. Multiple credit card perks. Offers auto rental collision damage waiver. Access to a concierge. Extended warranty on purchases. Identity Theft Protection. Travel assistance insurance No foreign transaction fee. Cardholders can earn rewards on purchases everywhere BMO Harris Bank Premium Rewards Mastercard® is accepted. BMO Harris Bank Premium Rewards Mastercard® reports to multiple credit bureaus.

Requires good to excellent credit.

Is there a BMO Harris Bank Premium Rewards Mastercard® cash back or rewards program?

BMO Harris Bank Premium Rewards Mastercard® offers a rewards program to its customers.

BMO Harris Bank Premium Rewards Mastercard® Rewards

Minimum rewards rate	1x
Max rewards rate	N/A
Annual rewards limit	N/A
Signup Bonus (Points/Miles)	35000
Signup Bonus Spend Requirement	$5000
Signup Bonus Spend Period (months)	3 months

What are the BMO Harris Bank Premium Rewards Mastercard® benefits?

BMO Harris Bank Premium Rewards Mastercard® provides the following benefits:

• Auto Rental Collision Damage Waiver
• Extended Warranty Protection
• Zero fraud liability
• Cellular Telephone Protection
• Travel Assistance
• Reports to major credit bureaus

What are the relevant APRs for BMO Harris Bank Premium Rewards Mastercard®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. BMO Harris Bank Premium Rewards Mastercard® has lower than average purchase APRs.

BMO Harris Bank Premium Rewards Mastercard® has a variable purchase APR that ranges from 13.99% up to 21.99%. The card has a variable balance transfer APR that ranges from 13.99% up to 21.99%. It also has a variable cash advance APR of 24.24% .

What are the fees for BMO Harris Bank Premium Rewards Mastercard®?

The following fees apply to BMO Harris Bank Premium Rewards Mastercard®:

BMO Harris Bank Premium Rewards Mastercard® Fees

Fees	Amount
Annual Fee
Foreign Transaction Fee	0%
Returned Payment Fee	up to $37
Late Payment Fee	up to $37

Does BMO Harris Bank Premium Rewards Mastercard® report your account activity to credit bureaus?

Yes, BMO Harris Bank Premium 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 for BMO Harris Bank Premium Rewards Mastercard®

• Visit the BMO Harris Bank Premium Rewards Mastercard® website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.