If you have had your eye on the BMO Rewards® Business Mastercard® you’ll want to make sure you apply for it between now and March 1. After that date the welcome bonus will drop by a significant amount although retain a first year free offer. Currently the card is offering 50,000 BMO Rewards Points when you spend $5,000 on the card in the first three months along with no annual fee in the first year.
Remember as well the upcoming change to the BMO Rewards program that sees travel redemptions going from 140 points for $1 to 150 points for $1. To negate this change BMO will be boosting everyone’s balances by 7% so you don’t lose value for your current points but any points earned from May will be worth less. That being said this may be a good way to boost your redemption value for the investment options that BMO has. Seeing the current rate for financial products is already 150 points for $1 if you grab the card now and make sure you meet the $5,000 spend as soon as possible (by end of March I would say) and have your 50,000 points post before your May statement you’ll get that 7% boost on the points. This means you’ll end up with 53,500 points which doesn’t include what you earned on your spending. Those points will be worth $356 towards travel or investment products and for the latter that means an extra $23 towards your savings account or whichever investment redemption option you choose.