Impressively flexible cash back redemption options, including putting the money into your BMO chequing or savings account, putting it towards a statement credit or adding it to your InvestorLine account. Unfortunately, some cardholders may find the monthly spending caps quite low for each category, which can significantly impact potential earnings. Welcome offer: Get up to 90, points and the annual fee waived in the first year for both the primary cardholder and authorized users. Not many additional perks, such as travel insurance.
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Read MoreThe one downside is that, as with many no-fee cards, this card is light on perks� but it does offer standard purchase protection and extended warranty. Cons The card has no perks aside from purchase protection and extended warranty. Ongoing APR The annual income requirement is quite high. The value of each point varies based on the category of redemption, with travel offering greater value than gift cards, merchandise or cash back redemptions. This compensation may impact how and where products appear on the site, including for example, the order in which they appear within listing categories.