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BMO Rewards

BMO's bank points — best used through the travel portal

~0.71¢

Avg value/pt

1¢

Best value/pt

0

Transfer partners

2/5

Flexibility

BMO Rewards is BMO's proprietary points currency, earned primarily on BMO credit cards and redeemed through the BMO Rewards travel portal or for statement credits. Unlike Amex MR or RBC Avion, BMO Rewards lacks airline transfer partners — its best value comes from booking through the travel portal at approximately 0.67¢–1¢ per point, or statement credits against travel purchases.

No Transfer Partners

BMO Rewards is a closed-loop program — points are redeemed directly within the program ecosystem rather than transferred to airlines or hotels.

Best Redemptions (Sweet Spots)

Statement Credit Against Travel

Beginner

Book any travel with your BMO card, then redeem points as a statement credit against that purchase at 0.67¢–1¢ per point.

Points needed

Variable

Cash value

Face value of booking

Value/point

~0.71¢

Pro tip: Book directly with airlines/hotels, then offset with points — more flexibility than the portal.

BMO Rewards Travel Portal Booking

Beginner

Book flights and hotels directly through the BMO Rewards portal. Points are worth approximately 0.71¢ each.

Points needed

150 points ≈ $1

Cash value

Face value of travel

Value/point

~0.71¢

Pro tip: Works like a travel portal — convenient but not high-yield compared to transfer programs.

Pros

  • Very strong earn rates on the BMO eclipse Visa (5× on dining, groceries, gas, drugstore)
  • Simple redemption — no complex award charts or transfer delays
  • Cash back redemption option if you don't want travel
  • Good welcome bonus offers, often with first-year fee waived

Cons

  • No airline or hotel transfer partners
  • Points value is capped at ~0.71¢–1¢ — no upside
  • Less flexible than Amex MR for travel redemptions
  • BMO travel portal has limited inventory vs. booking direct

Strategy Tips

  1. 1The BMO eclipse's real value is its 5× earn rate on everyday categories — think of it as high-rate cash back.
  2. 2Redeem as a statement credit against travel charges for the simplest experience.
  3. 3Pair BMO Rewards with a more flexible travel card for non-everyday spending.

Points values are estimates based on typical real-world redemptions and may vary. Transfer partner ratios are accurate as of the last updated date but are subject to change by the program operator. Always verify current transfer ratios and availability with the program before transferring points.