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BMO AIR MILES Mastercard review

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BMO AIR MILES Mastercard
Welcome Offer
800 Miles
Rewards
Up to 3x Air Miles for every $25 spent
Annual Fee
$0
Purchase Interest Rate
20.99%
Cash Advance Rate
22.99%

Our verdict

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

Whether you're a frequent flyer or an avid Air Miles collector, the BMO AIR MILES Mastercard could be the right fit for you. Aside from earning Air Miles, you'll also be able to take advantage of an attractive balance transfer offer.

Best for: Those who want to collect Air Miles with every purchase and take advantage of an attractive balance transfer offer.

Pros

  • $0 annual fee
  • Get a rate of 0.99% on balance transfers for 9 months. A 2% transfer fee will be charged for each transferred balance.
  • Get a welcome bonus of up to 800 Miles
  • Earn up to 3x Miles per $1 spent

Cons

  • Low return on points compared to other cards on the market
  • No travel related perks like airport lounge access

In this guide

  • Our verdict
  • Frequently asked questions
  • Your reviews
Get 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
Get a rate of 0.99% on balance transfers for 9 months. A 2% transfer fee will be charged for each transferred balance.

Features of the BMO AIR MILES Mastercard

FeatureDetails
Purchase interest rate20.99%
Maximum rewardsUp to 3x Air Miles for every $25 spent
Signup bonusGet 800 AIR MILES Bonus Miles (enough for $80 towards purchases with AIR MILES Cash).
Minimum income$15,000
Contactless payment methodsGoogle Pay
Apple Pay
Minimum credit score660

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What we like about the BMO AIR MILES Mastercard

  • No annual fee. Save money with a $0 annual fee.
  • Collect AIR MILES. Get 3x the Miles for every $25 spent at participating AIR MILES Partners, 2x the Miles for every $25 spent at any eligible grocery store, 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, merchandise and gift cards.
  • Low minimum income requirement. To qualify for the BMO AIR MILES Mastercard, you’ll only need to have a minimum income of $15,000.
  • Additional perks. Save up to 25% off rentals at participating National Car Rental and Alamo Rent a Car locations. Get 15% off admission to Cirque du Soleil shows touring Canada48, and 20% off resident shows in Las Vegas.
  • Purchase protection. Take advantage of extended warranty and insurance coverage on products you buy with your card.
  • Balance transfer offer. Get a rate of 0.99% on balance transfers for 9 months. A 2% transfer fee will be charged for each transferred balance.
  • 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 BMO AIR MILES Mastercard has no annual fee, the AIR MILES earn rate is much lower per $1 spent.
  • High interest. You’ll pay around 20.99% 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.

BMO AIR MILES Mastercard interest rates

Interest TypeInterest Rate
Purchase interest rate20.99%
Cash advance rate22.99%
Standard balance transfer rate22.99%

What should I know before I apply for the BMO AIR MILES Mastercard

To apply for a BMO AIR MILES Mastercard, you need to meet the following criteria:

Eligibility requirements

  • Be a Canadian citizen or permanent resident
  • Be the age of majority in the province/territory of residence
  • Have not declared bankruptcy in the past 7 years
  • Meet minimum income requirements

Required documents and information

  • Your name, residential status and contact information
  • Your Social Insurance number (SIN) and date of birth
  • Your email address and phone number

How to apply for the BMO AIR MILES Mastercard

  1. Click “Go to site” on this page to be securely 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 on the BMO AIR MILES Mastercard

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.

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