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BMO AIR MILES Mastercard Review
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Dreaming of your next vacation? Earn AIR MILES on everyday purchases to get there faster.
Earn 800 AIR MILES Bonus Miles. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.19.99%
Purchase Interest Rate
$0
Annual Fee
Details
| Product Name | BMO AIR MILES Mastercard |
|---|---|
| Reward | Get 2 AIR MILES for every $20 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $20 spent elsewhere. |
| Welcome Offer | Earn 800 AIR MILES Bonus Miles. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances. |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Balance Transfer Rate | 1.99% for the first 9 months (then 22.99%) |
| Interest Free Period | Up to 21 days |
| Go to site More Info |
30-second take
- Think about this card if you collect AIR MILES but don’t want to pay an annual fee.
- Choose something else if you’d rather get more travel benefits or a low interest rate.
- There’s no minimum annual income required to qualify for this card.
The basics
Whether you’re a frequent flyer or an avid AIR MILES collector, chances are you could benefit from the BMO AIR MILES Mastercard.
- No annual fee. Save money with no annual fee.
- Collect AIR MILES. Get 2 AIR MILES for every $20 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $20 spent elsewhere.
- Signup bonus. Earn 800 AIR MILES Bonus Miles.
- Flexible redemption. Redeem your miles for travel and merchandise.
- Purchase protection. Take advantage of extended warranty and insurance coverage on products you buy with your card.
- Balance transfer offer. Get a rate of 1.99% on balance transfers for 9 months. A 1% transfer fee will be charged for each transferred balance.
The perks
- Zero liability. Rest easy knowing that you won’t have to pay if there are fraudulent charges on your account.
- 24/7 support. Talk to customer service at any time of day to troubleshoot issues you might have with your card.
- Optional benefits. Pay more for added benefits like roadside assistance, balance protection or credit card alerts.
- No fee for additional cards. Get as many cards as you want without having to pay an extra fee.
What to watch out for
- Low return. Since the card has no annual fee, the AIR MILES earn rate is much lower per $1 spent.
- High interest. You’ll pay around 19.99% interest on outstanding balances and 22.99% for cash advances.
- No travel perks. Unlike the World Elite version of this card, you won’t get travel benefits like medical insurance, airport lounge access or flight discounts.
What should I know before I apply
How to apply
- Click “Go to site” on this page to be directed to the BMO AIR MILES Mastercard application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- Review and submit your application.
Bottom line
The BMO AIR MILES Mastercard is a good fit for AIR MILES members who want to collect more miles but don’t want to pay an annual fee. This card comes with a welcome offer, basic insurance and an introductory balance transfer rate.