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BMO Harris Platinum Rewards Mastercard: A Comprehensive Overview

The BMO Harris Platinum Rewards Mastercard, issued by BMO Harris Bank, offers an enticing opportunity for both casual and frequent spenders looking for a credit card that maximizes their rewards potential. This comprehensive guide will cover all the essential features, benefits, and limitations associated with this card, making it a worthy contender in your financial toolkit.

Card Type

The BMO Harris Platinum Rewards Mastercard is classified as a travel rewards credit card, designed specifically to cater to those who prioritize earning rewards on their everyday purchases while enjoying travel benefits.

Annual Fee

One of the most remarkable aspects of this card is that it comes with no annual fee. This makes it an excellent option for anyone looking to avoid extra charges while still receiving quality rewards.

Rewards Program

The BMO Harris Platinum Rewards Mastercard features a compelling rewards program that allows cardholders to earn points on every purchase. The standard rate is 3 points per dollar spent on travel purchases, along with 2 points per dollar spent on dining and entertainment. All other purchases earn 1 point per dollar. Points can be redeemed for various options, including travel bookings, merchandise, and gift cards, providing flexibility to suit your lifestyle.

Sign-Up Bonus

To make the card even more appealing, new applicants can take advantage of a generous sign-up bonus of 25,000 bonus points after spending $1,000 in the first three months from account opening. This can translate to a significant savings opportunity for your next vacation or special occasion.

APR (Annual Percentage Rate)

The regular APR for the BMO Harris Platinum Rewards Mastercard is competitive at 12.99% to 23.99%, based on creditworthiness. Currently, there is an introductory offer of 0% APR for the first 12 billing cycles on purchases and balance transfers, allowing cardholders to manage their finances effectively during the initial period.

Foreign Transaction Fees

When it comes to international travel, the BMO Harris Platinum Rewards Mastercard shines by offering no foreign transaction fees. This further enhances the cards appeal to globetrotters who want to avoid extra costs while spending abroad.

Balance Transfer Options

Cardholders can benefit from an introductory balance transfer offer of 0% APR for the first 12 billing cycles. This feature allows individuals to consolidate debt more efficiently without the burden of high-interest charges, making it easier to pay off existing credit card balances.

Additional Fees

While the BMO Harris Platinum Rewards Mastercard generally avoids imposing hefty fees, it is essential to note additional charges such as a late payment fee of up to $39, cash advance fees, and any associated penalties.

Card Benefits and Perks

The perks associated with the BMO Harris Platinum Rewards Mastercard make it a valuable asset for cardholders. Key benefits include:

– Travel insurance: Provides coverage for trip cancellations and delays.
– Concierge services: Offers assistance with travel bookings, event arrangements, and more.
– Access to exclusive offers: Cardholders can enjoy discounts and promotions from various partners.

Customer Protections and Insurance

Built with consumer safety in mind, the BMO Harris Platinum Rewards Mastercard includes:

– Fraud liability protection: Cardholders are not held responsible for unauthorized transactions.
– Purchase protection: Covers stolen or damaged items purchased with the card.
– Rental car insurance: Offers coverage in case of accidents or damages while using a rental vehicle.

Eligibility and Credit Score Requirements

To qualify for the BMO Harris Platinum Rewards Mastercard, applicants are typically required to have a credit score in the good to excellent range (generally a score above 700). Additionally, other criteria, including income verification and account history, may be considered.

Introductory Offers

As mentioned earlier, new cardmembers can benefit from 0% APR on purchases and balance transfers for the first 12 billing cycles. This introductory offer makes the card particularly attractive for those looking to make significant purchases or consolidate debt.

Special Features or Unique Selling Points

What sets the BMO Harris Platinum Rewards Mastercard apart from other travel rewards cards is its comprehensive benefits and user-friendly rewards structure. The points do not expire, allowing cardholders to accumulate rewards over time without pressure to redeem them quickly.

How to Apply

Applying for the BMO Harris Platinum Rewards Mastercard is straightforward. Prospective cardholders can apply online by visiting the ‘>Official Website or explore more financial insights on UpCube.net.