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 Standard With Ads 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 Standard With Ads 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 Standard With Ads 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 Standard With Ads 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 December 15, 2025 and October 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 for the same card 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.


$1,700 in value is made up of:


Up to $767: Up to 115,000 Welcome Bonus Points (worth up to $767 when redeemed for travel-related purchases at 150 points = $1).

  • Earn 60,000 BMO Rewards bonus points 110 days after the credit card account open date when you spend a minimum of $5,000 on net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit or debit adjustments) within the first 110 days of account opening.
  • Earn an additional 20,000 BMO Rewards bonus points 180 days after the credit card account open date when you spend a minimum of $10,000 on net card purchases within the first 180 days of account opening.
  • Earn a further 35,000 BMO Rewards bonus points 365 days after the credit card account open date when you spend a minimum of $20,000 on net card purchases within the first 12 months of account opening.

Please allow up to 8 weeks after the conditions for each element of the offer are fulfilled for the bonus points to be credited to your BMO Rewards Account. 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. To receive Welcome Bonus Points, your credit card account must be open and in good standing.

Both eligible travel and non-travel purchases can be redeemed up to 90 days after the purchase date. To be eligible for the travel redemption rate of 150 points per $1 value, travel purchases must be made at merchants that are classified as airlines, car rental agencies, hotels/resorts, vacation packages, cruise lines, eligible vacation rentals, passenger railways, timeshares, travel agencies and tour operators. For all other non-travel purchases, you can redeem at a rate of 200 points per $1 value.

Please refer to the Pay with Points section of bmorewards.com for extended Terms and Conditions.


Up to $200: NEXUS Statement Credit

Receive one statement credit up to a maximum of $200 CAD when NEXUS Application Fee is charged and posted in the first year on your Primary card regardless of NEXUS Application status. To be eligible for the NEXUS Statement Credit, the Primary Account must be in good standing at the time of the NEXUS program membership application fee is charged and posted. BMO has no control over the NEXUS program and terms and conditions are defined by NEXUS Program.


$200: Annual Fee Waiver

  • 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 first statement.
  • Each Additional Card annual fee of $50 will also be rebated in the first year if added at the time of primary cardholder’s application 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 account open date.


Up to $270: Mastercard Travel Pass provided by DragonPass

  • Includes a complimentary membership to participating lounges within the Mastercard Travel Pass provided by DragonPass program (approximate membership value of US$68 = $94 CAD based on exchange rate of 1.38 September 18, 2025)
  • Receive four complimentary lounge passes each calendar year. Passes can be used by you as the primary cardholder or for a travelling companion (approximate lounge passes value of US$128 = $176 CAD based on exchange rate of 1.38 September 18, 2025). After the four passes are used, lounge access is available for a fee of US$32 per person, per visit.
  • Cardholders must enroll for this benefit through the Mastercard Travel Pass App or program website using a valid Canadian-issued BMO World or World Elite Mastercard. Conditions of Use apply and are subject to change without notice.

Potential $300: First year BMO Rewards points

  • Potential $300 (45,100 BMO Rewards Points) earned on everyday purchases based on first year average spend per account.


∆∆∆. Balance Transfer Welcome Offer:

  • Subject to these Terms and Conditions, each balance transfer amount is eligible for a promotional interest rate of 0% provided that each balance transfer is posted to your BMO CashBack World Elite Mastercard, BMO Ascend World Elite Mastercard, BMO Air Miles World Elite, or BMO eclipse Visa Infinite Privilege card. account (the "Account") in the first 12 (twelve) statement periods from the Account open date (“Promotional Period”), and your Account remains in good standing. Offer is available to new customers only upon Account approval for applications submitted on or after December 15, 2025. Balances from other BMO credit card accounts are not eligible to be transferred. The promotional rate will no longer apply to your Account if you transfer into a card other than the BMO CashBack World Elite Mastercard, BMO Ascend World Elite Mastercard, or BMO Air Miles World Elite Card. Balance transfers apply to Canadian dollar amounts only.
  • Balance transfers do not qualify to earn loyalty rewards such as CashBack Rewards or BMO Rewards Points, Air Miles Points or VIPorter Points. Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account until the last day of the Promotional Period. After the Promotional Period expires, any remaining balance transfer amounts will be charged interest at the standard annual interest rate for cash advances. The promotional interest rate of 0% does not apply to purchases, fees, cash advances and other charges posted to your Account during the Promotional Period. Standard interest rates will continue to apply to those transactions. Please refer to your monthly statement for the interest rate applicable to your Account.
  • Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account. For example, if an amount of $1,000 is transferred to your Account, you will be charged a fee of $20. You may request a balance transfer for as low as $100, as long as the transfer amount plus the fee, does not exceed the unused portion of the credit limit on your Account.


For residents outside of Quebec, if your account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will be allocated proportionately to those balances according to the terms set out in the BMO Credit Card Cardholder Agreement. For example, if you have a balance of $800 in purchases at the standard interest rate and a $200 balance transfer balance at a promotional interest rate, 80 percent of your payment will be allocated to your purchases balance and 20 percent will be allocated to your balance transfer amount balance.


For residents of Quebec, if your account has balances with different interest rates, such as purchases with a standard interest rate and balance transfers with a promotional interest rate, any payment that exceeds the minimum payment will apply first to the debt with the highest credit rate, then to other debts in decreasing order of credit rate according to the terms set out in the BMO Credit Card Cardholder Agreement. For example, if you have a balance of $800 in purchases at the standard interest rate and a $200 balance transfer balance at a promotional interest rate, and the standard interest rate is higher than the promotional interest rate, 100 percent of your payment will first be allocated to your $800 purchases balance and once the $800 is paid off, any excessive payments made will be allocated to your $200 balance transfer balance.

  • You will pay interest on purchases unless you pay your full Account balance by the payment due date. For example, if you complete a balance transfer for $5,000 and spend $2,000 in purchases during the same statement period, you must pay the entire balance of $7,000 before the payment due date to avoid paying interest on your purchases. You will be charged interest if you only pay the amount owing for your purchases. There is no interest-free grace period for cash advances or balance transfers.
  • To transfer balances from non-BMO credit card accounts, register for Online Banking or log in at bmo.com and do the following; select your Mastercard or Visa card account, then select Set up Balance Transfer or Pre-authorized payment, then select Credit Card Balance Transfer and follow the instructions to complete the transfer.
  •  This offer may be withdrawn or changed without notice.

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.