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.
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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.