What's the value of BMO Rewards points? The simple answer: 0.67 cents per point. Every 150 BMO Rewards Points you redeem towards travel redemptions is equal to $1 in cash value.
Here's our full valuations for BMO Rewards points:
| Redemption | BMO points value (in cents) |
|---|---|
| Redeeming points for travel | 0.67 |
| Using points for investments with BMO | 0.67 |
| Redeeming points for gift cards | 0.4 - 0.45 |
| Redeeming points for a statement credit | 0.33 |
| Using points to buy merchandise | 0.3 - 0.6 |
Travel redemptions: 0.67 cents per point.
BMO Rewards Points will give you the best value of 0.67 cents per point when redeemed towards travel booked online through BMO Rewards or through a BMO Rewards agent. Points can be used for:
- Flights
- Hotels
- Rental Cars
- Cruises
- Vacation Packages
When redeeming your BMO Rewards Points for travel, there's no blackout dates or any kind of restrictions which is a big plus. You'll also have the option to pay partially in cash if you don't have enough points to cover the entire cost of travel.
How many BMO points do you need for a flight?
Use the BMO Points Calculator to determine how many BMO Rewards points you will need to book a flight based on the cash cost.
| Points needed: | 0 BMO Rewards Points |
|---|
BMO investments: 0.67 cents per point.
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 the same value that you'll get when redeeming for travel except with investments you could earn more money in the long run.
Gift cards: 0.4 cents to 0.5 cents per point.
BMO Rewards points can be redeemed for gift cards at an average value of 0.4 to 0.45 cents each, though it is possible to get higher or lower depending on the retailer. The redemptions values are kind of all over the place, so you'll want to run the calculations to see how much your points are worth.
Merchandise: point value varies.
Points can also be used for merchandise which will heavily vary in value depending on the item you're looking at. When comparing the price in points versus the retail price, I found redemptions as low as 0.3 cents per point and some close to 0.6 cents in value.
As with gift cards, you'll want to calculate the value based on the retail price to see if it's worth you redeeming your points.
Statement credits: 0.33 cents per point.
BMO Rewards points can be redeemed for statement credits at a rate of 15,000 BMO Rewards points for a $50 credit. This will give your points the lowest value of 0.33 cents per point which less than half the value you'll get out of travel and investment redemptions.
BMO Rewards points to dollars
Use our BMO Rewards Points Value Calculator to determine the average cash value of your BMO Rewards points. This will give you an idea on how much your points are worth on average for each redemption listed.
| Redemption | Average Dollar Value |
|---|---|
| Redeeming points for travel | $0 |
| Using points for investments with BMO | $0 |
| Redeeming points for gift cards | $0 - $0 |
| Redeeming points for a statement credit | $0 |
| Using points to buy merchandise | $0 - $0 |
Redemption value calculator
Calculate the exact cash value of your BMO Rewards points based on the cost of a redemption in cash versus the cost in points. This tool is useful when trying to decide if a redemption is worth it or not.
Credit cards that earn BMO Rewards points
BMO Rewards points are earned per $1 spent on BMO Rewards credit cards. You can earn BMO Rewards points using the following credit cards:
- Earn 5X points on groceries, dining in and out, drugstore, gas, and travel purchases, on up to $100,000 per year.
- Earn 1X points on all other purchases
- 25% more bonus points when you add an authorized user, annual $200 statement credit, Visa Infinite Privilege benefits, and top-notch travel & purchase insurance.
- $499 annual fee.
- Card Value & BMO Rewards Points Calculator
- Earn 5X points on groceries, dining in and out, gas, and transit purchases in Canada, on up to $50,000 per calendar year.
- Earn 1X points on all other purchases.
- 10% more bonus points when you add an authorized user, annual $50 statement credit, Visa Infinite benefits, and travel & purchase insurance.
- $120 annual fee.
- Card Value & BMO Rewards Points Calculator
- Earn 5X points on travel purchases, on up to $15,000 per year.
- Earn 3X points on entertainment, dining, and recurring bill payments, on up to $10,000 per year in each individual category.
- Earn 1X points on all other purchases
- Mastercard Travel Pass with 4 free lounge passes per year and top-notch travel and purchase insurance.
- $150 annual fee.
- Card Value & BMO Rewards Points Calculator
- Earn 5X points per $2 spent on recurring bill payments, groceries, dining, takeout, and food delivery, on up to $5,000 per year.
- Earn 1X points per $2 spent on all other purchases.
- Earn up to 5,000 bonus points annually and purchase insurance.
- $0 annual fee.
- Card Value & Rewards Calculator
FAQ
How much is a BMO Reward Point worth?
Every 150 BMO Rewards Points you redeem will give you $1 towards travel which means a single BMO Rewards point is worth 0.67 cents.
How many BMO Rewards Points do you need for a flight?
You can multiply the cost of your flight by 150 to find out the cost. For example, a $200 flight would cost 30,000 BMO Rewards Points.
Check out these credit cards from our partners:
- Best for U.S. Dollar purchases: Rogers Red World Elite® Mastercard®
- Best for everyday spending: Rogers Mastercard®
- Best travel card for cash back: Tangerine World Mastercard®
- Best for customizable 2% back: Tangerine Money-Back Credit Card
