Rewards programs

BMO Blue Rewards

Program run by BMO Blue Rewards, Inc. (cards issued by Bank of Montreal). Here is what one BMO Blue Rewards point is worth, how to redeem it and the cards that earn the most of it.

  • Values taken from official pages or from an announced specialist benchmark
  • Cards ranked by net value, annual fees deducted
  • Official pages reread regularly

Official program site All programs

Value of one point

Where the value comes from
Fixed redemption published by the program
Source
BMO Bank of Montreal
Verification
Verified on October 8, 2026 Source up to date

“1,500 Blue Points = $10 Footnote 1 1 when redeemed in store, or towards eGift”

Restrictions

  • Increments of 1,500 points; daily limit of 112,500 points.
  • Travel through Blue Rewards Travel and merchandise have no published fixed rate.

Programs do not issue the same number of points per dollar: to compare two programs, look at the return per dollar spent, not the value of a point.

Excerpts are quoted in the language of their source.

Cards that earn these points

Annual spending levels

Each level is a basket of annual spending split across everyday categories. The returns and the ranking are recomputed for that basket.

  • Moderate — $24,000 / year
  • Standard — $36,000 / year
  • High — $60,000 / year

In a personalized analysis, your actual spending replaces this reference basket.

Ranked by annual net value on the standard reference basket ($36,000 of spending a year), annual fees fully deducted.

Rank Card Network Annual fee Annual net value Earning Limitations
1 BMO Blue Rewards Mastercard Mastercard $0 $123.34 Range: $123.34 to $152.01
  • Alcohol: 1 point / $ (0.67¢ per dollar) (capped at $500)
  • Gas / charging: 1 point / $ (0.67¢ per dollar) (capped at $500)
  • Groceries: 1 point / $ (0.67¢ per dollar) (capped at $500)
  • Warehouse clubs: 1 point / $ (0.67¢ per dollar) (capped at $500)
  • Everyday purchases: 0.5 points / $ (0.33¢ per dollar)
 Foreign exchange fee assumed
2 BMO Blue Rewards World Elite Mastercard Mastercard $150 $96.68 Range: $96.68 to $154.02
  • Alcohol: 2 points / $ (1.33¢ per dollar) (capped at $500)
  • Gas / charging: 2 points / $ (1.33¢ per dollar) (capped at $500)
  • Groceries: 2 points / $ (1.33¢ per dollar) (capped at $500)
  • Warehouse clubs: 2 points / $ (1.33¢ per dollar) (capped at $500)
  • Everyday purchases: 1 point / $ (0.67¢ per dollar)
 Foreign exchange fee assumed

Return computed with the value used for the ranking: 0.667¢ per point.

How to use your points

The redemption options the program publishes, with the value of a point when it is fixed.

  • Gift cards

    In store and eGift Cards

    0.667¢ per point

    “1,500 Blue Points = $10 Footnote 1 1 when redeemed in store, or towards eGift”

    • Participating partner locations only.
    Official source

  • Travel booking

    Blue Rewards Travel (Expedia)

    Variable value, not published

    “Redeem any amount of Points to reduce what you pay out of pocket, when using a combination of your BMO Blue Rewards credit card and Points.”

    • No fixed rate published; excludes cruises.
    Official source

Transfer partners

This program publishes no transfer partner.

Expiry and minimum redemption

Point expiry
“If no Points are posted to your Member Account or used from your Member Account for a period of 24 consecutive months, we may cancel the Points” Official source
Minimum redemption
“Use your Blue Points in increments of 1,500 Points for every $10 towards your in-store purchase” Official source

Welcome offers in BMO Blue Rewards points

Current offers on the cards of this program. Their value is not part of the ranking above.

View all offers

How to read this ranking

The ranking compares the cards of one program on a single scenario, so the gaps come from the cards and not from the assumptions.

  • Reference basket, standard level: $36,000 of spending a year, spread over everyday categories.
  • High-spend profile; reference province: Quebec.
  • Annual fees fully deducted from the value.
  • Welcome offers excluded: only the recurring value counts.

Your spending is different? See the best cards by use or the strategies by profile.

Limitations of this page

  • Cards are ranked on the standard reference basket of a high-spend profile; your actual spending may change the order.
  • Recurring annual fees are fully deducted from each card’s value.
  • Transfer partners and rates are those read on the official pages; a program may change them without notice.
  • The value of welcome offers is not part of the card ranking.