News Releases

TORONTO, ONTARIO--(Marketwired - July 29, 2013) - As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense', BMO is releasing financial tips throughout the summer to help Canadians make the 'BMOst of summer' in 2013.

BMOst of Summer Financial Tip of the Day: This summer, take advantage of credit card features that help save on the cost of purchase warranties.

By using a credit card that provides automatic extended warranty and purchase protection this summer, you can save on the cost of manufacturers' extended warranties and protect yourself against theft or damage to your purchases.

"When purchasing items for summer vacations or every day use, consider using a credit card that offers built-in warranty features and purchase protection," said Nick Mastromarco, Director, BMO Bank of Montreal. "As long as card holders keep their account in good standing, there are many benefits to using a credit card to shop, including earning rewards on all your summer spending."

For example, most items purchased using a BMO credit card are automatically insured against theft or damage for 90 days from the date of purchase and any original manufacturer's warranty period is doubled - up to a maximum of one additional year.

BMO offers a number of products and services that can help Canadians get more out of every dollar they spend this summer. For more details on how to make the 'BMOst of Summer,' drop by a BMO branch.

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $555 billion as at April 30, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of personal and commercial banking, wealth management and investment banking products and solutions.