$50 statement credit each year after one purchase of $50 or more

Each card year, make one purchase of $50 or more on your card and BMO adds a $50 statement credit to your account after your card anniversary.

Conditions: One $50 credit per annual period. The first period runs from the account open date to the first anniversary, when the annual fee renews, and it resets on each anniversary after that. The credit is posted within two statement cycles after the anniversary, and the account must be open and in good standing at that time. Switching to another card and back, or cancelling and reapplying, in the same period doesn't earn a second credit. BMO can change this benefit.