BMO revamping credit card business

[Canadian]

BMO is revamping their credit card offerings, eliminating yearly fees for over 400K customers and increasing rewards for over 1M customers. They are trying to get market share from their rivals American Express and CIBC. Read more about the changes here:

http://www.thestar.com/Business/article/666986

[trent]

Originally Posted by Canadian

BMO is revamping their credit card offerings, eliminating yearly fees for over 400K customers and increasing rewards for over 1M customers. They are trying to get market share from their rivals American Express and CIBC. Read more about the changes here:

http://www.thestar.com/Business/article/666986

It was about time! The big Canadian banks have longer enjoyed market monopoly allowing them to gouge Canadian consumers with outrages fees and interest rates.