How can I maximize travel perks with the new BMO Escape Card for a $150 annual fee?

New BMO Escape Card: Travel Perks for a $150 Annual Fee

BMO has recently launched a new credit card called the BMO Escape Card, which offers a range of travel perks for a $150 annual fee. This card is designed for frequent travelers who want to maximize their travel rewards and benefits.

Key Features of the BMO Escape Card:

• Sign-up bonus of 30,000 BMO Rewards points after spending $3,000 in the first three months
• 2 BMO Rewards points for every $1 spent on eligible travel, dining, and entertainment purchases
• 1 BMO Rewards point for every $1 spent on all other purchases
• No foreign transaction fees
• Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, offering access to over 1,000 airport lounges worldwide
• Travel and medical insurance coverage

Common Questions About the BMO Escape Card:

• What is the annual fee for the BMO Escape Card? The annual fee for the BMO Escape Card is $150.
• Is the sign-up bonus worth it? The sign-up bonus of 30,000 BMO Rewards points is valued at approximately $300, making it a worthwhile incentive for new cardholders.
• Are there any restrictions on redeeming BMO Rewards points? BMO Rewards points can be redeemed for travel, merchandise, gift cards, and more, with no blackout dates or seat restrictions.
• Is the travel and medical insurance coverage comprehensive? The BMO Escape Card offers a range of travel insurance benefits, including trip cancellation/interruption insurance, travel medical insurance, and rental car collision/loss damage insurance.
• How does the LoungeKey membership work? Cardholders can access over 1,000 airport lounges worldwide by presenting their BMO Escape Card and a valid boarding pass. Each lounge visit may incur a fee, which will be charged to the card.

The BMO Escape Card is a competitive option for travelers looking to earn rewards on their everyday spending and enjoy premium travel benefits. With its generous sign-up bonus, accelerated rewards earning rate, and comprehensive insurance coverage, this card is sure to appeal to frequent flyers and travel enthusiasts alike.