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  BMO Harris Bank Premium Rewards Mastercard®

BMO Harris Bank Premium Rewards Mastercard®

in Personal Credit Cards from BMO Harris Bank

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BMO Harris Bank Premium Rewards Mastercard®

Unaffiliated

in Personal Credit Cards from BMO Harris Bank

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Highlights
Purchase APR  (Variable APR) 13.99% - 21.99%
Balance Transfer APR  (Variable APR) 13.99% - 21.99%
Credit Score Range 700 - 850
Annual Fee Up to $79

BMO Harris Bank Premium Rewards Mastercard® Review

This 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 review will provide you with with all the details you need to make a good choice.

Key Takeaways
  • 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 will have low approval odds if your credit score is below 700.
Pros & Cons of BMO Harris Bank Premium Rewards Mastercard®
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.
BMO Harris Bank Premium Rewards Mastercard® FAQ

Does BMO Harris Bank Premium Rewards Mastercard® have a cash back or rewards program?

BMO Harris Bank Premium Rewards Mastercard® is a rewards card.

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

Does BMO Harris Bank Premium Rewards Mastercard® have a signup bonus?

This card doesn't offer a cash signup bonus. However, it does include a 35000 points signup bonus after spending $5000 that can be redeemed for travel, gifts, or other perks.

Does BMO Harris Bank Premium Rewards Mastercard® offer an annual loyalty bonus?

This card doesn't offer a cash loyalty bonus.

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

It provides the following benefits:

  • Auto Rental Collision Damage Waiver
  • Extended Warranty Protection
  • Zero fraud liability
  • Cell Phone 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 regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has lower than average regular APRs.

It 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% .

Does BMO Harris Bank Premium Rewards Mastercard® have an intro APR offer on balance transfers?

Yes, it offers an intro APR rate on balance transfers of 0% for a period of up to 12 months.

BMO Harris Bank Premium Rewards Mastercard® Balance Transfers
Description
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer Introductory APR 0%
Balance Transfer Intro APR Period 12 months
Balance Transfer APR 13.99% - 21.99%
Balance Transfer Fee Minimum $10

Does BMO Harris Bank Premium Rewards Mastercard® have an intro APR offer on new purchases?

This card does not offer an intro APR rate on new purchases.

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

The following fees apply:

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® have a foreign transaction fee?

This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.

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.

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.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Every Purchase (Points) Starting at 1
Restaurants (Points) Starting at 3
Every Purchase (Points) 3 points per $1 spent on eligible dining, hotel and airfare, up to $2,500 in combined spend each calendar quarter; 1 point per $1 spent on all other purchases
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee
No Annual Fee First Year
No Interest Grace Period for Late Payment 21 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Starting at 3%
Minimum Cash Advance Fee ($) Starting at $10
Annual Fee Up to $79
Minimum Interest Charge $1
Returned Payment Fee Up to $37
Late Fee Amount Up to $37
Customer Type Personal
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Credit Card Benefits
  • Airport Lounge Access
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Concierge
  • Extended Warranty Protection
  • Fraud Liability
  • Identity Theft Protection
  • Purchase Protection
  • Travel Assistance
Rewards Categories
  • Every Purchase
  • Restaurants
  • Hotels
  • Airfare
Signup Bonus (points) 35,000
Cash Advance APR (Variable APR) 24.24%
Balance Computation “Average daily balance (including new transactions).”
Purchase APR (Variable APR) 13.99% - 21.99%
Balance Transfer Fee % After Intro Period Starting at 3%
Balance Transfer Introductory APR (Variable APR) 0%
Balance Transfer Intro APR Period (Variable APR) 12 months
Balance Transfer APR (Variable APR) 13.99% - 21.99%
Balance Transfer Fee Minimum $10
Card Type
  • Rewards
  • Balance Transfer
  • Bonus Offers
  • Zero Percent
Card Network Mastercard

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