BMO Premium Rewards

For the first year, this card can make sense if you want a relatively simple way to pick up about $350 in points from the welcome offer and do not mind paying a $79 annual fee. That is the clearest reason to consider it.

Beyond that, the value is much harder to justify. The card earns 1x points on purchases, with points valued at 1 cent each, which puts its ongoing return at about 1%. With no listed travel perks, statement credits, or other meaningful benefits to help offset the annual fee, most readers will need a specific reason to keep it. If you want a card for everyday spending over the long run, a no-annual-fee card or one with stronger bonus categories will usually be a better fit.