«We inform you of changes to your BMO cardholder contract and changes to the loyalty available with some BMO credit cards. With the exception of the change in the definition of «fiduciary transactions» in the agreement, these amendments will only affect the court. The amendments will take effect on August 1, 2019. What is the amount of cash advance fees for BMO? Is that $5.00? If I pay my credit card in advance to get a negative balance, then I pay my taxes via payTM, I would end up paying only the $5.00 in cash advance fees, and no interest, would I? In Section 1 of the agreement, the definition of «fiduciary transactions» was amended as follows. So if I use paytm with bmo to pay taxes, bmo knows what I`m paying for?? as a general rule, anything registered as a cash advance is not included in the minimum expenditure. Interest for me is the very last line…. Tax payments. I met my min expenses on this card using paytm to pay my property tax… Looks like it`s going to disappear. PayTM I think each payment is limited to 1500 dollars. So for a $3,000 MSR, to get bonus points, make 2 payments of $1,500. Meet with a two-time cash advance fee or $10.
$10 loss for FYF and 3000AM or 35k BMO rewards is not a big deal. Cash transactions are transactions in which similar items are purchased and/or converted into cash. Cash-type transactions include, but are not limited: transfers, instructions, traveller`s cheques, casino gambling chips and gambling transactions (including betting, off-piste betting and circuit betting), securities, state lottery tickets, legal fees (including child support, child care), fines, housing bond payments and tax payments that he should make. If I pay for Hydro with PayTM, it is displayed as a utility. To see the changes in full, please visit BMO.com/August2019 oh wow that sucks! Let`s hope other cc companies don`t follow this example! Or something I missed in the T-C where cash transactions do not contribute to the MSR?.