BMO Launches Escape Credit Card with Mastercard to Help Travelers' Spending Go Further

• New card features accelerated rewards on travel-related spending with no foreign transaction fees, plus additional traveler benefits

CHICAGO, Aug. 18, 2025 /PRNewswire/ - BMO has launched the new BMO Escape Credit Card with Mastercard, a travel rewards card designed to help travelers earn points on every step of their trip.

The BMO Escape Credit Card features exciting travel benefits: up to $240 in hotel statement credits annually, Priority Pass^TM airport lounge membership, and rebates on fees for Global Entry, TSA PreCheck® or NEXUS services. The card also has no foreign transaction fees, a key benefit for international travelers.

Plus, the BMO Escape Credit Card offers accelerated points earning on top travel categories, which can be redeemed for travel, gift cards, shopping or a cash credit:

• 4x points per U.S. dollar spent on eligible dining and airfare, up to $3,000 in combined spend each calendar quarter.
• 3x points per dollar spent on eligible hotels, cruise lines, tours and travel agencies, up to $3,000 in combined spend each calendar quarter.
• 2x points per dollar spent on all eligible car rentals, taxi and rideshare purchases, up to $3,000 in combined spend each calendar quarter.
• Unlimited 1x points per dollar spent on all other eligible purchases.

"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, in partnership with Mastercard," said Jennifer Douglas, Head of North American Retail and Small Business Payments at BMO. "With the ability to earn multiplying rewards that can be redeemed in the ways they prefer; this card is designed to help travelers make real financial progress."

"We're excited to partner with BMO on the new Escape Credit Card, elevating the travel experience for cardholders," said Julie Schanzer, EVP of Financial Institutions in the U.S. at Mastercard. "Every time someone uses this card, they're not only unlocking great benefits—they're gaining peace of mind knowing our cardholder protection services are working behind the scenes. It's about making every journey more memorable, more secure, and more rewarding."

To apply and view the complete list of benefits for the BMO Escape Credit Card, please click here.

BMO Financial Group is the seventh largest bank in North America by assets, with total assets of $1.4 trillion as of April 30, 2025. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society.

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 21 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.
www.mastercard.com 

SOURCE BMO US