BMO Rewards Points Value

Cash Value & Redemption Options

BMO Points Calculator for calculating the value of BMO Rewards Points based on redemption. Details on how to get maximum value.


BMO Rewards Points will give you the best value of 0.71 cents when you redeem them towards travel. Overall, you can redeem your BMO Rewards Points for:

  • Travel
  • Gift Cards
  • BMO Investments
  • Merchandise
  • Cash/Statement Credit
  • Experiences

This page covers redeeming your BMO Rewards Points for the options listed above and the cash value you can obtain from each.

BMO Rewards Points Value Calculator

Use the BMO Rewards Points Value Calculator to calculate the average cash value of your BMO Rewards Points based on different redemption options. This will give you an idea on how much your points are worth on average.

BMO Rewards Points Cash Value Calculator
Points
Travel Redemptions
140pts = $1
$0
BMO Investments
15,000pts = $100
$0
Gift Cards
~0.5 to 0.6 cents
~$0 - $0
Cash/Statement Credits
30,000pts = $100
$0

When you redeem your BMO Rewards Points for travel, you'll get the best value of 0.71 cents per point. Listed below is the average cash value of BMO Rewards Points based on redeeming them for travel.

BMO Rewards Points Average Value - Travel
BMO Rewards Points Cash Value
1,000 Points $7
5,000 Points $35
10,000 Points $71
20,000 Points $142
25,000 Points $177
50,000 Points $355
100,000 Points $710

Redeem Points For Travel

BMO Rewards Points will give you the best value of 0.71 cents per point when redeemed towards travel. This includes:

  • Flights
  • Hotels
  • Rental Cars
  • Cruises
  • Vacation Packages

When redeeming for travel, there's no blackout dates or any kind of restrictions. If you find travel that you're interested in, you can use your BMO Rewards Points to book it. The only downside is that you'll need to book it through a BMO Rewards travel agent. You can't use your points to book your own travel online like most rewards programs which is a bit of a bummer.

So how many BMO Rewards Points do you need to pay for a flight, car rental, or any other kind of travel? I could give you a table with a list of denominations, but it's easier to just supply you with a good ole calculator so that you can get the exact amount. Do note that BMO Rewards Points can also be used towards the taxes/fees of the trip too at the same 0.71 cents per point value!

Cash To BMO Rewards Points Calculator

You can enter any cash amount in the calculator below to see how many BMO Rewards Points you will need to pay for your travel. Do note that BMO Rewards does price match. This means you can look around, possibility find some better deals, and save some points!

Cash To BMO Rewards Points Calculator
$
Travel Redemptions
0.71 cents
0 Points Needed

Other Redemptions

BMO Rewards Points can also be used for other redemptions including investments, gift cards, cash/statement credit, and more. These redemptions will typically give you less than 0.71 cents in value with a few exceptions.

BMO Investments

You can redeem your BMO Rewards Points towards investments with BMO. A 15,000 point redemption will give you $100 towards a BMO investment account which gives your points a value of 0.67 cents per point. Eligible financial products include:

  • BMO Premium Rate Savings Account
  • BMO Smart Saver Account
  • BMO Investorline

This is not much lower than redeeming your points for travel, so it's not a bad way to go if you prefer to invest your rewards.

Gift Cards

BMO Rewards Points can be redeemed for gift cards which will give you a range of values depending on the gift card. The gift card options are located in the bmorewards.com portal. There's a good amount of options to choose from including all of the popular stores and retailers such as Amazon, Hudson's Bay, Indigo, Home Depot, and many more. The average value you'll get out of these gift cards will be around 0.5 to 0.6 or so cents per point. The higher denominations will usually give you the best value.

Some of the many gift card options to choose from.

Merchandise

You can redeem your BMO Rewards Points towards merchandise for various value. This option is also located in the bmorewards.com portal. As with many other programs, merchandise has will usually give your points low value while some redemptions will give you exceptional value. I wouldn't deliberately shop for merchandise with BMO Rewards Points, but if you're looking to buy something, I would recommend checking the portal to see if redeeming your points could be worth it. There's items that will give you as low as 0.3 cents per point and some that will give you close to 0.6 cents or higher in value.

Cash/Statement Credit

Redeeming your BMO Rewards Points for a cash/statement credit will give you the lowest value of 0.3 cents per point. You can redeem 30,000 BMO Rewards Points for $100 in cash value which is pretty low compared to other redemption options. If you're trying to obtain cash rewards, I'd recommend going with cash back credit cards since you'll get more value. BMO has a good line-up of cash back cards if you want to stick with the same bank.

Experiences

BMO Rewards Points can be redeemed for experiences. The point value you get out of these will vary, but they tend to give excellent value most of the time. The real value of experiences comes from the experience itself, so if it's something thats worthwhile that you've always wanted to do, it doesn't hurt to treat yourself!

Summary

BMO Rewards Points can offer you some great value if you redeem them for travel. Other redemptions such as investments and experiences can also yield solid value if you're looking for non-travel redemptions.

If you're trying to build your balance of BMO Rewards Points or you want to know how much value you can get out of their program, you can use the BMO Rewards Credit Card Point Calculators to calculate total points and the cash value of each card based on spend, card benefits, and annual fees. You can also compare results side by side other BMO Rewards Cards or against competitor cards from other top programs like CIBC and RBC.

Point values are not created equally! Check out the links below to learn about the point value in other top bank rewards programs.


Recommended Reads