Terms & Conditions

* The 2025 Borrowell/Crave Offer (“Borrowell Crave Offer” or the “Offer”) is available from September 2, 2025, to February 27, 2026 (“Offer Period”). Get six (6) months of Crave Basic from Bank of Montreal (“BMO”) when you open a new Canadian Dollar Primary Chequing Account with the Performance or Premium Plan (each a “Chequing Account”); or apply and get approved for a BMO AIR MILES Mastercard, BMO AIR MILES World Elite, BMO CashBack Mastercard, BMO Cash Back World Elite, BMO Ascend World Elite Mastercard, BMO VIPorter Mastercard, BMO VIPorter World Elite Mastercard, BMO eclipse rise Visa Card, BMO eclipse Visa Infinite Card; or a BMO eclipse Visa Infinite Privilege Card (each an “Eligible BMO Credit Card) through Borrowell.com


To qualify for the Borrowell Crave Offer, you must:

  1. Open a new Chequing Account with the Performance or Premium Plan during the Offer Period, September 2, 2025, to February 27, 2026, through Borrowell.com; AND
  2.  Provide a valid email address† at the time of opening the Chequing Account. If the Chequing Account is joint account, this requirement is met if one account holder provides a valid email address†; AND
  3.  Make a deposit of any amount to the Chequing Account by February 27, 2026;

OR

  1. Eligible BMO Credit Card applications must be received during, September 2, 2025, to February 27, 2026 (the “Offer Period”) and be approved by March 13, 2026 to be eligible for the offer, through Borrowell.com AND
  2.  Provide a valid email address† at the time of apply for the Eligible BMO Credit Card.

Customers who meet the qualifying criteria for the Borrowell Crave Offer will receive six (6) months of Crave Basic from BMO. A promo code will be distributed by Borrowell to the email address provided at the time of applying for the Chequing Account or Eligible BMO Credit Card. You are aware and consent to BMO sharing your name and email address to Borrowell to fulfill the Offer. Please allow up to 60 calendar days from the date you meet the qualifying criteria for the Crave Basic promo code to be sent to you by email. The promo code must be redeemed at crave.ca/redeem before 11:59:59 p.m. Eastern Time on May 31, 2026. If Crave Basic is not available, promo code will be redeemable for an equivalent successor plan. New and reactivating Crave subscribers only. After six (6) months, your subscription will automatically renew monthly at the then-current price (currently $11.99/month plus applicable taxes). You can cancel or change your subscription at any time at crave.ca.


The promo code is single use, non-refundable, and not valid for resale. Promo code is not redeemable for a Crave subscription from a TV provider or other third party distributors. A new promo code will not be provided if it expires before the promo code is redeemed. This Offer cannot be combined with any other Crave offer, promotion, discount, coupon, package, etc. This Offer and use of the Crave service is subject to the terms and conditions set out here as well as the Crave Terms and Conditions and Privacy Policy (available at crave.ca) which may be amended from time to time. This offer is available while supplies last and may be withdrawn or changed without notice. Limit of one (1) promo code per customer or Chequing Account. In the case where a Chequing Account is joint, then no more than (1) promo code per Chequing Account will be issued regardless of how the qualifying criteria was met.


Exclusions

  • Existing BMO Customers are not eligible for the Offer. An ”Existing BMO Customer” is anyone who currently has an Eligible BMO Credit Card, BMO Canadian or U.S. Dollar Primary Chequing Account, Canadian or U.S. Dollar Interest Chequing Account, Canadian or U.S. Dollar Premium Rate Savings Account, Smart Saver Account, Savings Builder Account, or Savings Amplifier Account (each a “BMO Account”) or anyone who closes their BMO Account between September 2, 2025 and February 27, 2026 and subsequently opens a new Eligible BMO Credit Card or Chequing Account.
  • If a Chequing Account is opened as a joint account, and any one accountholder is an Existing Customer; or if an Existing Customer closes their BMO Account(s) between September 2, 2025 and February 27, 2026 then none of the account holders are eligible for the Offer.
  • If the Chequing Account is initially opened under single ownership and is subsequently converted to a joint account with an Existing BMO Customer, then then none of the accountholders are eligible for the Offer.
  • Employees of Bank of Montreal and those with whom such employees are domiciled are not eligible for the Offer.

Other

  • You must have reached age of majority in the province or territory where you reside to be eligible for the Offer.
  • You must notify BMO by June 1, 2026 if you believe you qualify for the Offer and have not received the promotion code confirmation email, so that we can verify your eligibility.
  • Unless otherwise stated, the Offer cannot be combined with any other BMO offers, promotions, or discounted banking programs.

† Your email will become part of your contact information and will be used in accordance with our Privacy Code which is available online at bmo.com/privacy. We may use your email to provide you with future offers tailored to your banking needs. You can unsubscribe from receiving promotional emails at any time by updating your email preferences at bmo.com/subscription-centre, by visiting your BMO branch, or by clicking the unsubscribe link contained in promotional emails.


Crave is a trademark of Bell Media Inc., used under license.

Borrowell® is a registered trademark of Borrowell Inc.


1. BMO Ascend World Elite Mastercard applications must be received between March 6, 2024 and January 31, 2026 (the “Offer Period”) to be eligible for this offer. This offer is not available to current or former BMO Ascend World Elite Mastercard cardholders who reinstate a closed account or open a new account during the Offer Period. Existing BMO credit card cardholders who transfer into this product during the Offer Period are not eligible for this offer. This offer may be withdrawn or changed without notice.

In order to earn up to 100,000 bonus reward points, the following conditions must be met:

  • 55,000 BMO Rewards welcome bonus points will be credited to primary credit cardholder’s Collector Account after you spend a minimum of $4,500 in net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first 110 days after the account open date. This 55,000 BMO Rewards welcome bonus points will be credited within sixty (60) business days following the qualifying $4,500 spend, provided the account is open and in good standing.
  • Starting on Day 111 after account open date, an additional 3,750 BMO Rewards bonus points will be credited to the primary credit cardholder’s Collector Account for each subsequent 30 day period during which at least $2,500 in net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) are posted to your account. This additional spend bonus will be earned only for the period beginning on Day 111 and ending on Day 482 from the account open date. 3,750 BMO Rewards bonus points will be credited within seven (7) business days after each 30 day period following the qualifying $2,500 spend, provided the account is open and in good standing.

The primary cardholder annual fee of $150 will be rebated in the first year and will appear as a fee and a credit on the primary cardholders first statement. Each Additional Card annual fee of $50 will be rebated in the first year if added at time of primary cardholder’s account opening and will appear as a fee and a credit on the first statement. After the first year, the annual fee plus any additional cardholder fees will appear on your Credit Card statement twelve (12) months after the Credit Card open date. If the Credit Card is cancelled within 365 days from the date it was opened, all Bonus Rewards earned within that period may be cancelled.


2. a) You will earn 5 BMO Rewards points for every $1 spent on eligible travel purchases, up to $15,000 annually per BMO Rewards collector account (resets January 1st of each calendar year). The 5 BMO Rewards points includes the base earn rate of 1 BMO Rewards point for every $1 spent on card purchases (“Base Rewards”) and the bonus of 4 BMO Rewards points for every $1 spent on eligible travel purchases (“Bonus Rewards”). To earn Bonus Rewards, your purchases must be made at merchants that are classified in the Mastercard network as: airlines, car rental agencies, hotels/resorts, cruise lines, passenger railways, tour operators, timeshares, and travel agencies (“Applicable Merchants”). If you exceed $15,000 in combined annual purchases, you will continue to earn the Base Rewards. You will earn 3 BMO Rewards points for every $1 spent on eligible dining and entertainment purchases, as well as recurring bill payments, up to $10,000 annually for each spend category, per BMO Rewards collector account (resets January 1st of each calendar year). The 3 BMO Rewards points includes the base earn rate of 1 BMO Rewards point for every $1 spent on card purchases (“Base Rewards”) and the bonus of 2 BMO Rewards points for every $1 spent on eligible dining and entertainment purchases and recurring bill payments (“Bonus Rewards”). To earn Bonus Rewards, your purchases must be made at merchants that are classified in the Mastercard network as: dining: eating places, restaurants, drinking places, fast food restaurants and entertainment including motion picture theatres, theatrical producers, ticket agencies, bands, orchestras and miscellaneous entertainers, tourist attractions and exhibits, amusement parks, carnivals, circuses, aquariums, dolphinariums, zoos and seaquariums (“Applicable Merchants”). Recurring bill payments are defined as payments made on a monthly or regular basis, and which are automatically billed by the merchant to your BMO Ascend World Elite Mastercard. Not all merchants offer recurring payments, and not all ongoing payments will be considered “recurring bill payments” and therefore may not earn Bonus Rewards. Please check with your merchant to see if your recurring payment qualifies. If you exceed $10,000 in annual purchases for each spend category, you will continue to earn the Base Rewards. You will not earn the bonus BMO Rewards points on recurring bill payments that are also eligible travel, dining, or entertainment purchases. Some merchants may sell the same or similar products/services as the Applicable Merchants or are separate merchants who are located on the premises of the Applicable Merchants, but are classified by Mastercard in another manner (“Other Merchants”). You will only earn Base Rewards for purchases made at Other Merchants.


b) Subject to the BMO Rewards Terms and Conditions, BMO Rewards points are calculated based on purchases of goods or services charged to the BMO Ascend World Elite Mastercard or the BMO Rewards Mastercard account, less any refunds or adjustments, rounded down to the nearest whole point. Cash advances (including purchases of foreign currency or travellers cheques), interest charges, fees, credit or debit adjustments and any amount other than purchases that may be charged to the account with the card, do not qualify for points. Bank of Montreal may establish other qualifying and non-qualifying transactions from time to time.

3. Mastercard Travel Pass provided by DragonPass is a worldwide program run by DragonPass International Ltd. This benefit will be available to all cardholders of a BMO Ascend World Elite Mastercard (“eligible cardholders”). Eligible cardholders are required to comply with the Conditions of Use available online at mastercardtravelpass.dragonpass.com or on the Mastercard Travel Pass mobile application, as well as any additional terms and conditions applicable to the lounge or offer being used by the eligible cardholder. The Conditions of Use are subject to change from time to time without notice to Issuer or the eligible cardholders. Eligible cardholders wishing to access a participating lounge must present their Mastercard Travel Pass mobile app or membership document showing the QR code and DragonPass membership number (this may be obtained by the eligible cardholder by registering an account at mastercardtravelpass.dragonpass.com or downloading the Mastercard Travel pass application from the app store) to the lounge receptionist and reference “Mastercard Travel Pass provided by DragonPass.” Value and benefits of the Mastercard Travel Pass complimentary membership are subject to change without notice. Use the four complimentary passes for yourself as the primary cardholder or to cover the cost of the lounge visit of your travelling companion. To identify the primary cardholder on your account, please check the name on your monthly statement. After using four passes, you and your travelling companion can continue to enjoy lounge access for a fee of just US$32 per person, per visit. For a complete list of open and eligible lounges, please visit mastercardtravelpass.dragonpass.com.

4. Insurance benefits are subject to specific terms and conditions, including limitations, exclusions and other important information contained in the BMO Ascend World Elite Mastercard Certificate of Insurance that is sent to new cardholders. Insurance coverages are provided by CUMIS General Insurance Company, a member of The Co-operators group of companies and administered by Allianz Global Assistance. Allianz Global Assistance is a registered business name of AZGA Service Canada Inc. and AZGA Insurance Agency Canada Ltd. For questions contact Allianz Global Assistance Canada at 1-877-704-0341 or visit www.allianz-assistance.ca.


CUMIS General Insurance Company

P.O. Box 5065,

151 North Service Road

Burlington, Ontario L7R 4C2

Canada

1-800-263-9120

www.cumis.com


5.Ongoing interest rates, interest-free grace period, annual fees and all other applicable fees are subject to change. Cash advances include balance transfers, cash-like transactions and Mastercard cheques. For current rates and fees, visit your branch; or, for Mastercard products call the Customer Contact Centre at 1-800-263-2263, for the BMO eclipse Visa Infinite Privilege* Card call 1-833-256-7137 and for other eclipse Visa cards call 1-833-256-7136. To review current rates and fees for the BMO Prepaid Mastercard, visit bmo.com/rates-fees-prepaid, for all other credit cards visit bmo.com/rates-fees.