It comes with a welcome bonus of 200,000 points. You earn 5x on groceries and 5x at restaurants. Estimated first-year value is $1,392.
- Annual Fee
- $599
- Rewards rate
- 1x
- Welcome Bonus
- Up to 200,000 points
- 1st Year Value
- $1,392
BMO Rewards
Ends Oct 31, 2026
Pros
- Welcome bonus of 200,000 points
- 5x on groceries
- 5x at restaurants
- Estimated 1st-year value of $1,392
Cons
- High annual fee ($599)
- Requires good credit







