35,000 Points
Worth $350
After you spend $5,000 on purchases on your new card in your first 3 months of card membership.
- 1%Everywhere
Annual Fee
$79
Rec. Credit
Excellent
Bank of Montreal
BMO Platinum
The BMO Platinum is a basic Mastercard designed for cardholders who want a straightforward line of credit without an annual fee. Because it does not offer rewards or secondary perks, it functions best as a simple tool for building or maintaining credit history.
Annual Fee
$0
Rec. Credit Score
Good
Good For
No-fee credit lines
All information about BMO Platinum has been collected independently by MaxRewards. BMO Platinum is no longer available through MaxRewards.
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Overview
Is the BMO Platinum worth it?
This card is great for...
Fee-free credit building
Basic account management
With a $0 annual fee, the BMO Platinum carries no holding costs, making it a low-risk option if you want to establish credit or keep an open line with BMO. Beyond providing a simple credit line, however, the card offers very little financial upside.
Because there are no rewards earnings, welcome offer, or card benefits, almost every cardholder would get far more value from a standard cash-back card that earns a flat percentage on everyday purchases.
MaxRewards Verdict
This card offers a simple $0 annual fee structure for building credit, but the lack of rewards makes it uncompetitive for regular spending.
Eligibility
Recommended Minimum Credit
Min: Good
Poor
Fair
Good
Excellent
Good credit or higher is recommended for this card.
Credit approval is not guaranteed. Meeting the recommended credit range does not ensure approval, and applicants with lower scores may still be considered.
Pricing
Rates & Fees
Annual Fee
$0
Purchase APR
18.24% - 26.24%
Variable
Transfer APR
18.24% - 26.24%
Variable
Cash Advance APR
32.49%
Variable
Foreign Transaction Fee
$0.03
Balance Transfer
$10
Cash Advance
$10
Late Payment
$39
Return Payment
$39
Opinions, reviews, analyses & recommendations are MaxRewards' alone, and have not been reviewed, endorsed or approved by any of these entities.
Other cards from Bank of Montreal
See all 4 cards
25,000 Points
Worth $250
After you spend $2,000 on purchases on your new card in your first 3 months of card membership.
- 1%Everywhere
Annual Fee
$0
Rec. Credit
Good
20,000 Points
Worth $200
After you spend $3,000 on purchases on your new card in your first 3 months of card membership.
- 5%Streaming
- 1%Everywhere
Annual Fee
$0
Rec. Credit
Good