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How Much Are BMO Points Worth? Exploring Options through Online Banking, Mobile App, and Customer Service

When it comes to personal finances, it's always beneficial to ensure you're making the most of all rewards and benefits offered by your bank. If you're a customer of the Bank of Montreal (BMO), you're likely already aware of the value in their rewards point system. But do you know exactly how much your BMO points are actually worth? In this guide, we'll delve into the monetary value of these points and the different ways you can ascertain this information using online banking, the mobile app, or by calling customer service.

Online Banking: An Accessible Route

One of the easiest ways to know how much your BMO points are worth is through the bank's online platform. Once you've signed into your account, navigate to 'Rewards' or 'My Rewards' within your dashboard. Here, you'll find an option to 'Redeem Points', which when clicked, will reveal a catalogue of redemption options. Comparing these rewards with their retail prices can give you a decent estimation of what your points are worth.

Remember, the value of your points may vary depending on how you choose to use them. Understanding this will enable you to make the most out of your savings and rewards.

Mobile App: Banking on the Go

If you're a smartphone user, BMO's mobile app provides you with the convenience of accessing your accounts and reward points while on the move. The interface is user-friendly, allowing for easy navigation to your rewards section. Once there, you can view the value of your points in a similar fashion as you would on the bank's website.

From the home screen, tap on 'More'. Then select 'Rewards' to see the number of points you've accumulated and their prospective value. Also available at your fingertips are the numerous ways you can redeem your points, further helping you gauge a definitive worth.

Customer Service: The Personal Touch

For those who prefer a more personalised touch, or if you're not as tech-savvy as others, reaching out to BMO's customer service is an alternative method. A conversation with a customer service representative can not only provide you with the current value of your points, but also present the various ways you can redeem them. The phone lines are open 24/7 at 1-800-363-9992.

Remember to have your account details at your fingertips, as the representative will likely need them to access your rewards information.

In conclusion, while the value of BMO points may not be directly available, by exploring the options to redeem them, you can get a firm understanding of their worth. Whether you prefer using the online banking platform, the mobile app, or speaking directly to customer service, BMO offers multiple channels to help you make the most out of your rewards points.

Remember, your points are just as good as cash, so take the time to understand their worth and find the best ways to redeem them to maximise your financial management.