This is the BMO business card I'd look at if your spending leans on fuel, office supplies and telecom bills. Four points per dollar in those categories works out to about 2.7% back when redeemed for travel, and the 1.5x base rate is solid for a business card where most spending does not fit a bonus category.
The points are BMO Rewards, which have a fixed value and no airline or hotel transfer partners, so this is a simple earner rather than a points-game card. What I like for a small business is the insurance: $5 million of travel medical that also covers employees travelling with you. The weak spots are a fee that rises to $175 after year one and a medical cover that ends at age 65.
Welcome offer
BMO is advertising up to 150,000 bonus BMO Rewards points in the first year for applications received between June 2, 2026 and June 2, 2027, verified on the BMO page on October 13, 2026. The points come in three equal steps: 50,000 once you reach $10,000 in net purchases within 110 days, another 50,000 at $20,000 within 180 days, and a final 50,000 at $30,000 within 365 days, each counted from account opening.
BMO values the 150,000 points at $1,000 when redeemed for travel, and adds the first-year waiver of the $175 primary fee and two $50 employee cards, a NEXUS credit, lounge passes and Maple visits to reach its "up to $2,175 in value" headline. Existing BMO cardholders who switch into this card and past holders of it are not eligible, and bonus points can be cancelled if you close the card within 365 days.
The three steps are cumulative, so a business that puts $2,500 a month on the card reaches all of them inside the year. Add your first two employee cards while the offer is open to get their fees waived too, and route their spending through the same account to hit the 110-day $10,000 step sooner.
Fees & eligibility
The card runs $175 a year, waived in the first year under the current offer along with the first two employee cards. After that, employee cards are $50 each, up to 22, and a company can hold up to 2 owner cards. Purchases carry an 18.99% interest rate and cash advances, which include balance transfers, 23.99%.
Eligibility is flexible for a World Elite card: you need $80,000 in personal income, $150,000 household, $250,000 in business revenue, or $400,000 in assets under management. Sole proprietorships, corporations, partnerships and unincorporated associations can apply. Each owner is jointly and severally liable with the business for the full balance, so the debt is personal as well as corporate. The business pages do not print a foreign transaction fee or grace period, so confirm both with BMO before relying on the card abroad.
Earning rewards
Earning is simple: 4 BMO Rewards points per dollar on gas, office supply stores, and cell phone and internet bill payments, and 1.5 points per dollar on everything else. The 4x categories share one $50,000 annual cap, after which they earn 1.5x.
Redeemed for travel at 150 points per dollar, the 4x rate works out to about 2.7% back and the 1.5x base to 1%. Against the personal BMO Ascend World Elite, which earns 5x on travel and 3x on dining and recurring bills, the business card trades travel and dining bonuses for business-overhead categories and a higher base rate.
Redeeming rewards
BMO Rewards points have a fixed value through Pay with Points: 150 points per $1 on travel purchases, about 0.67 cents per point (cpp), and 200 points per $1 (0.5 cpp) on anything else. You book travel with any airline, hotel or agency on the card, then apply points to the charge within 90 days, from as little as $1.
That makes the card predictable but not stretchy. There are no airline or hotel transfer partners, so the 150,000-point welcome bonus is worth $1,000 in travel and no more. Gift cards, merchandise and contributions to a BMO investment account are also available, at the lower non-travel value.
Perks & benefits
Most of the value here is practical rather than glamorous. You get a free Mastercard Travel Pass by DragonPass membership with 2 complimentary lounge passes a calendar year, usable by you or a travelling companion (further visits are US$32). In the first year, the primary card also gets a NEXUS statement credit up to $200, and the owner and a co-owner each get 5 free virtual care visits a year with Maple.
For running the business, you can issue up to 22 employee cards and the BMO Business Credit Card Waiver of Liability Program protects you against employee card misuse. Smaller extras include 24/7 roadside assistance, Mastercard Easy Savings rebates of 1% to 25% at qualifying merchants, 30% off H&R Block tax filing and up to 35% off Avis and Budget rentals. Two lounge passes is half what the personal Ascend World Elite includes.
Insurance
The insurance is the strongest part of the package for a business that travels. Out-of-province emergency medical pays up to $5 million per person for the first 15 days of a trip and covers you, your spouse and children, and employees travelling with you, without the trip being charged to the card. The catch is age: you must be 64 or under on departure, and there is no coverage at 65 or older.
Trip cancellation pays up to $1,500 per person and $5,000 per trip, and trip interruption up to $2,000 per person, on trips paid with the card or with BMO Rewards points. Rental cars get collision and loss damage cover for up to 48 days on vehicles with an MSRP up to $65,000, on a secondary basis. Flight delay, baggage, hotel burglary (personal and business property) and 90-day purchase protection round it out.
My take
I'd get this card for a business with steady fuel, office and telecom bills that wants simple, fixed-value points and travel medical cover for staff; I'd skip it if you want transferable points or are 65 or older.
The math is easy to follow: 4x on overhead categories up to $50,000 is about 2.7% back on travel, 1.5x on the rest is about 1%, and 150,000 points for $30,000 in a year is $1,000 of travel. With the first year waived, it is hard to lose money on year one. The $5 million medical cover that extends to employees travelling with you is unusual and worth a lot to a small team.
From year two, the $175 fee needs about $6,500 a year in 4x spend to pay for itself at the travel rate, which most businesses with a phone bill and a vehicle will clear. What I'd weigh is the fixed 0.67 cpp ceiling: the points never become worth more than that, so a business chasing premium flights may do better with a transferable currency.
The good
- 4x on gas, office supplies and phone/internet bills
- $5 million medical that covers travelling employees
- Up to 150,000 points ($1,000 travel) with year one free
The catch
- Fixed-value points with no transfer partners
- No medical coverage at 65 or older
- Foreign transaction fee not stated for business cards