BMO AIR MILES MasterCard Review

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Dreaming of your next vacation? Earn AIR MILES on everyday purchases to get there faster.

19.99%

Purchase Interest Rate

$0

Annual Fee

1.99% for the first 9 months (then 22.99%)

Balance Transfer Rate

Details

Product NameBMO AIR MILES MasterCard
RewardEarn 2x AIR MILES reward miles per $20 spend at eligible AIR MILES partners.
Welcome OfferEarn up to 800 AIR MILES bonus miles with minimum spend of $1,000 in the first three months. Ends 31 October 2019.
Purchase Interest Rate19.99%
Cash Advance Rate22.99%
Balance Transfer Rate1.99% for the first 9 months (then 22.99%)
Interest Free Period Up to 21 days
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More Info

The BMO AIR MILES MasterCard offers 1 mile for every $$20 you spend on everyday purchases. It also comes with a welcome offer, basic insurance and an introductory balance transfer rate.

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 more miles. Earn 1 mile for every $20 you spend on your card (or around 50 miles for every $1,000 spent).
  • Welcome bonus. Receive a welcome bonus equivalent to a one-way short-haul flight (for example, from Vancouver to Kelowna).
  • Flexible redemption. Redeem your miles for travel and merchandise.
  • Earn 2x the rewards. Get rewarded twice when you show your membership and spend money on your card at AIR MILES partners.
  • Purchase protection. Take advantage of extended warranty and insurance coverage on products you buy with your card.
  • Low balance transfer rate. Get a 1.99% interest rate on balances you transfer from other credit cards in your first 9 months (but pay a 1% transfer fee).

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. You’ll only earn 50 AIR MILES for every $1,000 you spend (which means you’ll have to spend at least $20,000 to get one short-haul return flight in Canada).
  • Conditional welcome bonus. You’ll only receive 400 of your bonus offer miles after you spend $1,000 in your first 3 months.
  • High interest. You’ll pay around 19.99% interest on outstanding balances and even more 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

  1. Click “Go to site” on this page to be directed to the BMO AIR MILES MasterCard application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. 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.

Frequently asked questions about the BMO AIR MILES MasterCard

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