BMO Points Value Quick Overview
- Redemption Options: BMO Rewards points can be redeemed for travel, merchandise, gift cards, statement credits, or investments.
- Best Value: Redeem points for travel or investments with BMO for the highest value at 150 points = $1 (0.67 cents per point).
- Lowest Value: Using points for statement credits offers a lower value of 0.33 cents per point—15,000 points for a $50 credit.
Use our BMO Rewards points value calculator to calculate BMO points to dollars when redeemed for travel, gift cards, statement credits, and more.
BMO Rewards points value
How much are BMO Rewards points worth?
The simple answer: 0.67 cents per point.
Every 150 BMO Rewards Points redeemed for travel equals $1 in value, meaning 40,000 points equate to approximately $266 towards travel.
Here's our full valuations for BMO Rewards points:
| Redemption option | BMO points value |
|---|---|
| Redeeming points for travel | 0.67 cents |
| Using points for investments with BMO | 0.67 cents |
| Redeeming points for gift cards | 0.4 - 0.45 cents |
| Redeeming points for a statement credit | 0.33 cents |
| Using points to buy merchandise | 0.3 - 0.6 cents |
Travel redemptions
BMO Rewards points provide their highest value—0.67 cents per point—when redeemed for travel through the BMO Rewards platform or via a BMO Rewards agent. With 150 points equaling $1, this option ensures you get the most out of your rewards.
You can redeem points for a variety of travel options, including:
- Flights
- Hotels
- Rental Cars
- Cruises
- Vacation Packages
A significant advantage of using BMO Rewards points for travel is the lack of blackout dates or restrictions. Additionally, if you don’t have enough points to cover the entire cost, you can opt to pay partially in cash, offering flexibility for your bookings.
BMO investments
Redeeming BMO Rewards points for investments provides excellent value at 0.67 cents per point, the same as travel redemptions. For every 15,000 points redeemed, you’ll receive $100 towards a BMO investment account.
Eligible financial products include:
- BMO Premium Rate Savings Account
- BMO Smart Saver Account
- BMO Investorline
While the value per point is the same as travel redemptions, investing your points offers the potential to grow your funds over time, making it a smart choice for long-term financial gains.
Gift cards
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
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, the value of points ranged from as low as 0.3 cents per point to as high as 0.6 cents per point.
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
BMO Rewards points can be redeemed for statement credits at a rate of 15,000 points for a $50 credit, valuing points at 0.33 cents each. This is the lowest redemption value, offering less than half the value compared to travel or investment redemptions.
BMO Rewards points value calculator
Use our BMO Rewards Points Value Calculator to calculate BMO points to dollars when redeemed for travel, investments, gift cards and more. This will give you an idea on how much your points are worth on average for each redemption listed.
Calculator: What's the value of your BMO Rewards points?
| 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 |
Average redemption value
The table below lists the value of BMO Rewards points for several denominations when redeemed for travel and investment at the exact rate of 150 points for $1 in value (0.67 cents per point).
| BMO Rewards points | Average cash value |
|---|---|
| 1 point | $0.0067 |
| 1,000 points | $6 |
| 5,000 points | $33 |
| 10,000 points | $66 |
| 20,000 points | $133 |
| 40,000 points | $266 |
| 60,000 points | $400 |
| 80,000 points | $533 |
| 100,000 points | $666 |
| 120,000 points | $800 |
How many BMO points do you need for a flight?
Use our BMO points flight calculator to determine how many BMO Rewards points you will need to book a flight based on the cash cost.
Calculator: How many BMO points will you need for a free flight?
| Points needed: | 0 BMO Rewards Points |
|---|
BMO Rewards points 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.
How does BMO Rewards points value compare?
Here's how the value of BMO Rewards points compare against rewards earned with other leading travel programs:
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 Rewards Point worth?
A single BMO Rewards point is worth about 0.67 cents. You need 150 BMO Rewards Points for $1 in travel, making it easy to calculate your redemption value.
How many BMO Rewards Points do you need for a flight?
You need 150 BMO Rewards Points for every $1 of flight cost. For example, a $200 flight would require 30,000 points (200 × 150 = 30,000).
What can you use BMO Rewards points for?
BMO Rewards points can be redeemed for travel, merchandise, gift cards, statement credits, or investments.
How much is 100,000 BMO Rewards points worth?
100,000 BMO Rewards points are worth about $666 in travel, based on the rate of 150 points for every $1 spent on travel redemptions.
Check out these top credit card picks from our partners:
- Best for U.S. Dollar purchases: Rogers Red World Elite® Mastercard®
- Best for everyday spending: Rogers Red Mastercard®
- Best travel card for cash back: Tangerine World Mastercard®
- Best for customizable 2% back: Tangerine Money-Back Credit Card
