#USA #Chicago #BMO #Mastercard #Escape Card

BMO's New Escape Credit Card: Elevate Your Travel Experience

In an exciting announcement, BMO has unveiled its latest offering: the BMO Escape Credit Card in collaboration with Mastercard. This innovative travel rewards card aims to empower travelers to maximize their spending rewards, providing various benefits tailored just for them.

Unlocking Exceptional Rewards

The BMO Escape Credit Card is specifically designed to support globetrotters, granting them a plethora of perks that can significantly enhance their travel experience. Key features include:

• - Up to $240 in hotel statement credits annually, which allows cardholders to offset accommodation costs.
• - Priority Pass™ airport lounge membership, letting travelers access exclusive lounges and amenities worldwide.
• - Full rebates on expenses related to Global Entry, TSA PreCheck®, or NEXUS services, ensuring smoother airport experiences.
• - Importantly, this card comes with no foreign transaction fees, a substantial benefit for anyone traveling abroad.

Accelerated Points Earning Structure

BMO has structured the Escape Card to reward users through a tiered points system based on their spending categories. Users can earn rewards as follows:

• - 4x points for every dollar spent on eligible dining and airfare, limited to a combined spend of $3,000 each quarter.
• - 3x points for expenditures on eligible hotels, cruise lines, tours, and travel agencies, again capping at $3,000 combined quarterly.
• - 2x points for eligible car rentals, taxis, and rideshare services, within the same quarterly limit.
• - Additionally, cardholders can earn 1x points on all other eligible purchases, without a limit.

A Strategic Move in the Travel Industry

Jennifer Douglas, Head of North American Retail and Small Business Payments at BMO, expressed her enthusiasm for the product. She stated, "Our customers who travel frequently are looking for a card that provides world-class rewards and benefits, so we are proud to offer the BMO Escape Credit Card. By enabling them to earn rewards in a variety of ways, we are aiding travelers in making genuine financial progress."

Mastercard is equally excited about the launch. Julie Schanzer, Executive Vice President of Financial Institutions in the U.S., remarked, "We are thrilled to partner with BMO on the Escape Credit Card, elevating the travel experience for cardholders. Every time someone uses this card, they're not just unlocking impressive benefits. They also gain peace of mind with our cardholder protection services ensuring a secure transaction experience."

Why Travelers Should Consider the BMO Escape Card

With more individuals venturing out for travel, BMO's Escape Credit Card represents an exceptional resource designed to meet the evolving needs of frequent travelers. As favorites like travel dining and accommodation offer extra earning opportunities, travelers can seriously maximize their points and rewards.
The flexibility in redeeming points for travel purchases, gift cards, shopping, or cash credits only adds to the card’s value proposition.

Conclusion

In summary, the BMO Escape Credit Card provides numerous incentives for travelers looking for a rewarding credit card experience. From generous cashback offers and travel benefits to exceptional rewards, this card is set to become a staple for those who love to travel. Interest parties are encouraged to learn more about the card and its diverse benefits by visiting the official BMO website for further details and application processes.