Our Verdict

Trust BMO Harris Bank, one of the World’s Most Ethical Companies, to provide you with a wide range of personal and business banking services, including checking and savings accounts, loans, mortgages, and investments. You can also access its financial resource hub to help you manage your money and plan for your future, and use its digital banking app to bank on the go anywhere, anytime.
If you are looking for a BMO Business credit card and bank, you have two options to choose from. Choose the BMO Business Platinum Rewards Credit Card if you want to earn rewards points on various categories of purchases, such as gas, office supplies, and cell phone/internet bill payments.
Pick the BMO Business Platinum Credit Card if you prefer a low-interest rate and no annual fee. You can also benefit from a 0% introductory APR on purchases and balance transfers for 18 months, discounts on Intuit QuickBooks and TurboTax, as well as cell phone protection and Mastercard ID Theft Protection.
However, be aware of the following drawbacks of these two BMO Business credit cards:
- The BMO Business Platinum Rewards Credit Card has a high standard APR of 20.49% to 29.49%, and the bonus points you can earn on certain categories are capped at $750 per quarter.
- The BMO Business Platinum Credit Card does not offer any reward points, and the 0% introductory APR of 18 months may increase from 16.49% to 25.49% after the promotional period ends.
In addition, you can learn from other customers’ experiences with BMO Harris Business Credit Cards. You can find reviews and ratings online that may share their experiences on BMO Harris Bank business credit cards with you. Some customers love the service, the online banking, and the rewards program, while others hate the fees, the application process, and the card activation. Read on to know more.
BMO Harris Bank
Corporate Headquarters: 320 S Canal St, Chicago, IL 60606, United States
Phone Number: (312) 461-2323
https://www.bmo.com/en-us/main/business-banking/credit-cards/
Pros
- Enjoy bonuses for opening a new checking account or a new credit card.
- Save money with low-interest rates and waive annual fees for some cards.
- Earn rewards points or cash back on every purchase and redeem them for various options.
- Access online banking and mobile banking to manage your account anytime, anywhere.
- Benefit from additional features such as fraud protection, travel insurance, and purchase protection.
Cons
- Pay account closing fees if you decide to close your checking account or credit card.
- Face foreign transaction fees if you use your card outside the US.
- Deal with low customer satisfaction and negative reviews about the service and the fees.
- Apply in person at a local branch, as you can’t open an account online.
- Limit your availability to only eight states in the US, mostly in the Midwest.
Who BMO Harris Business Credit Cards Are Best for?

Consider BMO Harris Business Credit Cards if you are a business owner who:
- Wants to earn rewards and bonuses on your spending.
- Is looking for low interest rates and no annual fees for some cards.
- Has access to a local branch in one of the eight states where BMO operates.
- Values online and mobile banking, fraud protection, and travel insurance.
Who BMO Harris Business Credit Cards Are Not Right For?
BMO Harris Business Credit Cards may not be right for you if you:
- Don’t want to pay account closing fees, foreign transaction fees, or annual fees for some cards.
- Prefer to apply and manage your account online, rather than visiting a local branch.
- Care about customer satisfaction and reviews, which are low for BMO Harris.
- Need a wider availability of branches and ATMs, as BMO Harris operates in only eight states.
- Want to earn more value and flexibility from your rewards points, BMO Harris offers limited options.
What BMO Harris Business Credit Cards Offer?
- BMO Business Platinum Rewards Credit Card
- BMO Business Platinum Credit Card
BMO Harris Business Credit Card Details?
BMO Business Platinum Rewards Credit Card
Understand that this card has no annual fee and a 0% introductory APR on purchases and balance transfers for 9 months. After that, the standard APR is 20.49% – 29.49%, depending on your creditworthiness. Earn up to 5x points on internet and phone services, up to 4x points on office supplies and printing, up to 3x points on gas, up to 2x points on dining, and 1x points on all other purchases. Redeem your points for travel, merchandise, gift cards, cash back, or statement credit.
BMO Business Platinum Credit Card
Be aware that this card also has no annual fee and a 0% introductory APR on purchases and balance transfers but for 18 months. After that, the standard APR is 16.49% – 25.49%, depending on your creditworthiness. Note that you may not offer any reward points, but it has a low interest rate and discounts on Intuit QuickBooks and TurboTax.
Where BMO Harris Business Credit Cards Stand Out

Earn Bonuses for Opening a New Account or Card
You can get up to 100,000 bonus rewards points or 3,000 AIR MILES bonus miles as a welcome offer, depending on the card you choose.
Save Money with Low Interest Rates And No Annual Fees for Some Cards
You can enjoy a 0% introductory APR on purchases and balance transfers for up to 18 months, and pay no annual fee for some cards.
Redeem Rewards for Various Options And Book Travel Yourself
Are you aware that you can use your points or miles for cash, gift cards, travel, dining, and more, and you have the flexibility to book your travel and get reimbursed with your rewards?
Access Online And Mobile Banking
You can manage your account anytime, anywhere, and get alerts and notifications to keep your card secure. This gives you fraud protection.
Benefit from Additional Features
Enjoy additional packs such as travel insurance, lounge access, and discounts. You can get coverage for travel emergencies, accidents, and cancellations, as well as enjoy perks such as airport lounge access and discounts on business supplies and services.
Where BMO Harris Business Credit Cards Fall Short
Ready for Exorbitant Charges
Prepare yourself to pay for excessive deductions such as account closing fees, foreign transaction fees, and annual fees for some cards. These fees can add up and reduce the value of your rewards and savings. For instance, BMO Harris business credit cards have interest ranges of 16.49% to 29.49%.
Requires an In-Person Management
BMO requires you to apply and manage your account in person at a local branch. This can be inconvenient and time-consuming, especially if you don’t have a branch nearby.
Has a Limited Accessibility
Understand that, although BMO Harris has over 44,000 ATMs and over 496 branches, it only covers 9 states which include Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota, Washington, and Wisconsin.
How to Qualify for BMO Harris Business Credit Cards

To qualify for BMO Harris Business Credit Cards, you need to meet the following requirements:
- Have a physical operating location or headquarters in one of the eight states where BMO Harris operates: Arizona, Florida, Illinois, Indiana, Kansas, Missouri, Minnesota, and Wisconsin.
- Have an annual revenue of $10 million or less.
- Have a good credit history and a minimum credit score of good to excellent range.
- Apply in person at a local branch and provide your business and personal information, such as your business name, address, phone number, tax ID, income, expenses, and assets.
- Provide additional documents, such as your business license, financial statements, tax returns, and bank statements.
If you meet these criteria, you can choose from two types of BMO Harris Business Credit Cards: Platinum, Rewards, Cash Back, and Premium Rewards. Each card has its benefits and features, so you can find the one that suits your business needs and spending habits.
How to Apply for BMO Harris Business Credit Cards
To apply for a BMO Harris Business Credit Card at the local branch, you need to follow these steps:
- Find the nearest branch that offers business credit cards. You can use the branch locator to search by ZIP code or city and state.
- Make an appointment with a business banker at the branch. You can call the branch directly or use the online scheduler to book a time slot.
- Gather the required documents for your application. Provide your business and personal information, such as your business name, address, phone number, tax ID, income, expenses, and assets. You may also need to provide additional documents, such as your business license, financial statements, tax returns, and bank statements.
- Visit the branch at the scheduled time and meet with the business banker.
- Wait for the decision on your application. Expect a response within a few minutes or a few days, depending on your credit history and the card you applied for.
- Activate your card once you receive it in the mail. You can activate your card online, by phone, or at a branch.
>>>GET SMARTER: Chase vs BMO Harris Business Credit Cards
Alternative to BMO Harris Business Credit Cards
Wells Fargo Business Credit Cards
Consider Wells Fargo Business Credit Cards if you want to earn cash back or rewards points on your spending, and enjoy a 0% introductory APR for 9 to 15 months. Wells Fargo offers four types of business credit cards: Platinum, Rewards, Cash Back, and Elite. Each card has its benefits and features, such as no annual fee, free employee cards, and online banking.
Chase Business Credit Cards
Choose Chase Business Credit Cards if you want to get generous sign-up bonuses, flexible redemption options, and travel perks. Chase offers six types of business credit cards: Ink Business Cash, Ink Business Unlimited, Ink Business Preferred, Southwest Rapid Rewards, United Business, and Marriott Bonvoy Business. Each card has its own rewards program, annual fee, and interest rate.
American Express Business Credit Cards
Apply for American Express Business Credit Cards if you want to get access to premium benefits, such as purchase protection, extended warranty, and discounts on business services. American Express offers nine types of business credit cards: Blue Business Cash, Blue Business Plus, Business Green Rewards, Business Gold, Business Platinum, Delta SkyMiles Gold, Delta SkyMiles Platinum, Delta SkyMiles Reserve, and Amazon Business Prime. Each card has its own rewards program, annual fee, and interest rate.
Customer Reviews
BMO Harris Bank has an A+ rating from the Better Business Bureau, based on its response to customer complaints, honesty in advertising, and transparency about business practices. BMO Harris Bank has a 1.4 out of 5-star rating on Trustpilot, based on 97 customer reviews. Most of the reviews are negative and complain about the service, the fees, the application process, and the card activation. Likewise, ConsumerAffairs rates BMO Harris Bank 1 out of 5 based on 3 customer reviews. The reviews are also negative and mention problems with online banking, fraud alerts, and customer service.
As you can see, BMO Harris Business Credit Cards have low customer satisfaction and ratings on these platforms. You may want to read more reviews and compare them with other business credit cards before you make a decision.
Pro Tips
Here are some pro tips for choosing the best BMO Harris Bank business credit card for yourself:
- Compare the features and benefits of the two types of BMO Harris Bank business credit cards.
- Choose the card that matches your business needs and spending habits. For example, if you want to earn cash back on your purchases and pay no annual fee, you may prefer the Cashback card. However, If you want to earn points or miles for travel and enjoy premium benefits, you may opt for the Rewards or Air Miles cards.
- Apply in person at a local branch and provide the required documents for your application. You need to have a physical operating location or headquarters in one of the nine states where BMO Harris operates, an annual revenue of $10 million or less, a good credit history and score, and your business and personal information.
- Pay your balance in full and on time every month to avoid interest charges.
- Redeem your rewards for various options and book your travel. You can use your points or miles for cash, gift cards, travel, dining, and more, and you have the flexibility to book your travel and get reimbursed with your rewards.
Recap
Know that BMO Harris Business Credit Cards are a good option for you if you are a small business owner who wants to earn rewards and bonuses, save money with low-interest rates and fees, and access online and mobile banking and fraud protection. However, credit cards also have some drawbacks, such as limited availability, account closing fees, low customer satisfaction, and less value and flexibility in their rewards program.
Therefore, compare them with other business credit cards and read customer reviews before you apply. If you want to learn more about BMO Harris Business Credit Cards, you can visit the bank’s official website or contact your local branch.
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