Points · Mastercard · No annual fee
Last verified 2026-09-09. Review issuer source
BMO Platinum Rewards Mastercard is a no-annual-fee points card from BMO. Its best everyday rates are 2x on gas stations, and 2x on grocery stores; everything else earns 1x. Gas stations is capped at $2,500 a quarter, then drops to the base rate.
On our reference budget of $24,600 a year it returns about $330, an effective 1.3% back. The welcome bonus, 15,000 points after $1,500 in 3 months, adds to the first year's return.
Put the bonus categories on it and everything else on a flat 2% card. On its own the base rate drags the average down. It charges 3% on foreign purchases, so leave it home when you travel abroad.
Cap: $2,500 per quarterly
Cap: $2,500 per quarterly
Get 15,000 bonus points when you spend $2,000 within 3 months of opening your account.
Up to $400 in coverage. Automatic coverage, no additional cost.
Up to 1 additional year on original manufacturer's warranty of 1 year or less.
These come from Mastercard, not from BMO. Every card on the Standard Mastercard tier carries them, so they should not decide between two cards.
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.
Groceries and more delivered in as fast as one hour. Get $10 off your second order each month, and new Instacart+ members can also get three free months of Instacart+.
Monitor your credit file for fraud, get alerts for suspicious activity and access a resolution specialist.
Mastercard gives you exclusive access to ticket presales at top venues and festivals across the U.S. Eligibility restrictions, exclusions and terms apply. Offer expires 3/31/2027.
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.
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 Platinum Rewards Mastercard®This card · 2x on gas stations | None | $330 | +$330 | 524th of 1,291 |
| BMO Cash Back MastercardBMO's most-held other card · 5% on cable TV | None | $462 | +$462 | 303rd of 1,291 |
| Savor RewardsThe strongest no-fee card on this budget · 3% on dining | None | $642 | +$642 | 4th of 1,291 |
| Robinhood Gold CardHighest net return on this budget · 3% on everything | $50 | $798 | +$748 | 1st of 1,291 |
Reference budget: groceries $6,000, dining and restaurants $3,600, gas and ev charging $2,400, travel and transit $3,000, online shopping $2,400, entertainment and streaming $1,200, everything else $6,000. 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.
