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BMO AIR MILES Mastercard Review

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

Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash). Get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.

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Claire Horwood

Last Updated Dec 17, 2020

800 Miles

Welcome Offer

Annual Fee

Up to 3x Air Miles for every $25 spent

Rewards

Details

Rewards	Get 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere.
Welcome Offer	Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
Purchase Interest Rate	19.99%
Cash Advance Rate	22.99% (21.99% for Quebec residents)
Balance Transfer Rate	1.99% for the first 9 months (then 22.99%)
Interest Free Period	Up to 21 days
	Apply now More Info

Annual Fee	$0
Monthly Service Fee	N/A
Foreign Currency Conversion Fee	2.5%
Balance Transfer Fee	1%
Cash Advance Minimum Fee	$5
Over Credit Line Fee	$29
Late Payment Fee	N/A
Dishonoured Payment Fee	$48
	Apply now More Info

Min. Credit Score	660
Minimum Age	Age of majority in the province/territory of residence.
Minimum Income	$15,000
Household Income	N/A
	Apply now More Info

Claire Horwood

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, along with an Associate's Degree in Science from Camosun College. Much of Claire's coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. She has also worked extensively in the field of "Blended Finance" with the Canadian government. In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee.

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 3x the AIR MILES for every $25 spent at eligible AIR MILES partners, and 1 AIR MILE for every $25 spent elsewhere.
Signup bonus. Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
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% (21.99% for Quebec residents) 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

To apply for a BMO AIR MILES Mastercard, you need to meet the following criteria:
- Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces).
- Your name, residential status and contact information.
- Your social insurance number and date of birth.
- Your email address and phone number.

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.