Points · Mastercard · No annual fee
Last verified 2026-09-09. Review issuer source
BMO Business Platinum Rewards is a no-annual-fee points card from BMO. Its best everyday rates are 5x on telecom, 4x on office supplies, and 3x on gas stations; everything else earns 1x. Telecom is capped at $750 a quarter, then drops to the base rate.
On our reference budget of $73,200 a year it returns about $1,032, an effective 1.4% back. The welcome bonus, 50,000 points after $5,000 in 3 months, is the strongest reason to open it in a given year.
Keep business spending on it for the separate statement alone; the rewards are the extra. Check the issuer's other business card before deciding, since the categories differ more than the fees do. It charges 2% on foreign purchases, so leave it home when you travel abroad.
Cap: $750 per quarterly
Earn 2 points for every $1 you spend on eligible dining purchases
Cap: $750 per quarterly
Earn 3 points for every $1 you spend on gas
Cap: $750 per quarterly
Earn 4 points for every $1 you spend on office supplies and printing
Cap: $750 per quarterly
Earn 5 points for every $1 you spend on internet and phone services
Earn a welcome bonus of up to 100,000 rewards points in your first year! Earn 50,000 bonus rewards points when you spend $5,000 within 3 months of account opening, plus an additional 50,000 bonus rewards points when you spend at least $50,000 within 12 months of account opening.
Get $600 cell phone protection when you charge your monthly wireless telephone bill to your card.
Enjoy discounts on Intuit QuickBooks® and TurboTax® to streamline your accounting and simplify your taxes.
You’ll get double the original manufacturer’s (or U.S. store brand) warranty for up to one year on most new items you buy with your eligible Mastercard that have an original manufacturer’s warranty of one year or less.
Get quick access to emergency roadside assistance including jump-starts, tire change, towing and gas delivery if you get stuck on the road. Service fees are pre-negotiated and billed to your eligible Mastercard.
Protect your personal and financial information with services that include credit bureau notifications, card replacement assistance, ID theft education and access to Identity Theft Alerts.
Enjoy an added layer of protection to your online purchases with Mastercard Identity Check™, to help protect you against unauthorized use of your card. It’s safe, easy and free.
Pays for covered damages (physical damage and theft) to a rental vehicle when you pay for the rental with your Mastercard and you decline the optional collision/damage coverage offered by the rental company.
You’ll get coverage for most items you buy with your eligible Mastercard if the item is damaged or stolen within 90 days of the purchase date.
These come from Mastercard, not from BMO. Every card on the Standard Mastercard tier carries them, so they should not decide between two cards.
Reimbursement for covered physical damage and/or theft of a rental vehicle with primary protection: 1-800-MASTERCARD.
Call 1-800-MASTERCARD (1-800-627-8372) for 24/7 assistance to report a lost or stolen card.
Enjoy a HealthLock for Mastercard® Medical Claim Monitor complimentary membership plus a 90-day upgrade to all HealthLock services at no monthly cost.
Fuel your business with same-day delivery of snacks, supplies and more. Enjoy $0 delivery fees* with three free months of Instacart+ and $20 off your second order each month. Offer expires on 1/31/2027.
Save 30% on QuickBooks Online, QuickBooks Solopreneur or QuickBooks Online Payroll for 12 months.
Save 30% on an annual or monthly Luminary membership to access Luminary’s global professional education and networking platform. Offer expires on 11/30/2027.
Impress clients and employees alike with exclusive PGA TOUR® experiences and access to other amazing golf benefits.
Save when you tap and go with your eligible Mastercard and receive a $2.50 statement credit when you spend $10 or more each month at participating transit systems.
Share with your clients both in-person and digital experiences in dining, sports, entertainment and more in over 45 exciting destinations around the globe exclusively for Mastercard cardholders. Visit priceless.com.
With Mastercard Zero Liability protection you’re protected against unauthorized transactions in stores, online and in app.
Benefit descriptions are the issuer’s and network’s own wording, trimmed for length. Limits and exclusions are in the guide to benefits.
| Card | Annual fee | Rewards earned | Net after fee | Rank |
|---|---|---|---|---|
| BMO Business Platinum RewardsThis card · 5x on telecom | None | $1,032 | +$1,032 | 173rd of 752 |
| Edward Jones® Everyday Solutions Business World Elite Mastercard®The strongest no-fee card on this budget · 2x on everything | None | $1,704 | +$1,704 | 1st of 752 |
| Huntington Voice BusinessHighest net return on this budget · 4% on auto maintenance | None | $1,560 | +$1,560 | 2nd of 752 |
Reference budget: office supplies $6,000, internet, phone, and cable $3,600, shipping $6,000, advertising $12,000, software and tech $6,000, gas and ev charging $4,800, dining and restaurants $4,800, travel and transit $6,000, everything else $24,000. Points are valued at 1¢ unless the program is worth less; statement credits, welcome bonuses, and perks are left out. Run it with your own spending.
