BMO Rewards Points Value: How Much Are They Worth?

Rewards Value Calculator
Every 150 BMO Rewards points redeemed towards travel or investments with BMO is worth $1 in cash value. This means that a BMO Rewards point is worth 0.67 cents.
Last Updated 2022-05-30 By R.Flowers III

BMO Rewards Points will give you the best value when redeemed towards travel and towards investments with BMO. You can also redeem points for gift cards merchandise, and statement credits for lower value.

How much are BMO Rewards points worth?

Every 150 BMO Rewards Points you redeem towards travel redemptions is equal to $1 in cash value. This means one BMO Rewards point is worth 0.67 cents.

BMO Rewards points value

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

Redeeming BMO Rewards points for travel

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.

Enter the cost of your travel to estimate how many BMO Rewards points you will need.
$
Points needed: 0 BMO Rewards Points

Redeeming BMO Rewards points for 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 the same value that you'll get when redeeming for travel except with investments you could earn more money in the long run.

Redeeming BMO Rewards points for gift cards and merchandise

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.

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.

Some of the many gift card options to choose from.

Redeeming BMO Rewards points for statement credits

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 the BMO 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.

Enter any amount of points to calculate the dollar value.
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

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.

Cost of Redemption In Cash
Enter how much the redemption would cost you if you paid cash.
$
Cost of Redemption In BMO Rewards
Enter how much the redemption would cost you in BMO Rewards points along with any taxes, fees, or additional cash cost you would have to pay.
BMO Rewards
Points
Taxes/Fees
$
Redemption Value
This is how much your BMO Rewards points are worth based on the values entered above.
- Cents Per Point

How to 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:

Credit Card Intro Bonus Annual Fee
  • Earn 5 points for every $1 spent on groceries, dining in and out, drugstore, gas, and travel purchases, on up to $100,000 per year (then 1X)
  • Earn 1 point for every $1 spent on all other purchases
  • Earn 25% more points on all purchases when you add an authorized user
  • Automatic $200 statement credit that will apply towards the first purchase on the that is equal to or more than $200
  • Visa Infinite Privilege benefits which includes Priority Pass membership and 6 free passes
  • Top-notch travel and shopping coverage
$499
  • Earn 5 points for every eligible $1 spent on groceries, dining in and out, gas, and transit purchases in Canada, on up to $50,000 per calendar year (then 1X)
  • Earn 1 point for every $1 spent on all other purchases
  • Earn 10% more points on all purchases when you add an authorized user
  • Automatic $50 statement credit that will apply towards the first purchase on the that is equal to or more than $50.
  • Visa Infinite benefits
$120
  • Earn 5 points for every $1 spent on eligible travel purchases, on up to $15,000 per year (then 1X)
  • Earn 3 points for every $1 spent on eligible entertainment, dining, and recurring bill payments, on up to $10,000 per year in each individual category (then 1X)
  • Earn 1 point for every $1 spent on all other purchases
  • Airport lounge access with Mastercard Travel Pass provided by DragonPass along with 4 free passes per year.
  • Save up to 25% off at National Car Rental and Alamo Rent A Car locations
$150
  • Earn 1 point for every $1 spent on the card
  • Up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations
$0

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.

Calculate Total Rewards & Card Value Per $1 Spent For 100+ Canada Credit Cards
Search Results Display Here