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All about the BMO Rewards program - Points Earn and BurnCash back may be redeemed for statement credits that will be applied to the account that earned the cash back. Learn more about redeeming cash back for a. Below, we'll explore three options you have for redeeming your hard-earned rewards: through online banking, the mobile app, or by contacting customer service. Cash back earned under the Program will be credited to the Account of the Cardholder and can be redeemed in the form of a statement credit. Only the Cardholder.