BMO Financial Group has launched its enhanced BMO Premium Rewards Credit Card with Mastercard designed to meet the everyday spending needs of its customers and help them make real financial progress. In addition to being available to all new customers, existing cardholders will have the upgrades applied to their cards automatically. The enhanced BMO Premium Rewards Credit card offers: Rewards for everyday spend: 4x on gas, electric vehicle charging, groceries, and dining - up to $2,000 in combined spend each calendar quarter.

Travel rewards: 2x on hotels and airfare - up to $2, million in combined spend each calendar quarter; Points accumulation: Customers will also earn 1x on all other purchases; Anniversary bonus: 10% anniversary bonus points every year based on net purchases made in the year prior from the customer's anniversary date; Mastercard offers: Access to offers and benefits including discounts on streaming services, ride sharing, grocery delivery, travel services and more. Those insights are supported in a recent BMO Real Financial Progress Index that found Americans are increasing their summer spending across numerous categories, particularly on vacations and travel, with a quarter of Americans saying they will spend more on getaways this summer compared to last year.