BMO Air Miles Mastercard Review

The BMO Air Miles Mastercard offers you a unique opportunity to rack up rewards through one of Canada’s most popular loyalty programs.

Starting with 800 bonus Air Miles and an earn rate of 1 mile for every $20 spent, this no-fee card is great for earning Air Miles rewards.

No wonder the BMO Air Miles Mastercard is often featured as an alternative to its premium counterpart, the BMO Air Miles World Elite Mastercard.

This review of the BMO Air Miles Mastercard covers its benefits, downsides, alternatives, and why it is the best no-fee Air Miles Rewards credit card in Canada.

BMO Air Miles Mastercard
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BMO Air Miles Mastercard Benefits

Summary of Features

  • Annual fee: $0
  • Purchase APR: 19.99%
  • Cash Advances: 22.99%
  • Bonus: 800 Air Miles ($80 cash value)

Here are the benefits offered by the BMO Air Miles Mastercard:

1. Earn up to 800 bonus Air Miles when you sign up for a new card (up to $80 value).

2. Earn 1 Air Mile for every $20 spent using your credit card.

3. Earn 2x the miles for every $20 you spend at Air Miles partners like Shell, Sobeys, Budget, Metro, Rexall and others.

4. Enjoy a 1.99% balance transfer rate for 9 months. A 1% transfer fee applies to your transfer amount.

5. Purchase protection for 90 days and extended warranty for up to one extra year.

6. No annual fee.

7. Save up to 25% discount when you use your card to pay for car rentals at participating National Car Rental and Alamo Rent a Car locations.

8. Get up to 20% off eligible shows in Las Vegas and 15% off Cirque du Soleil shows in Canada.

The BMO Air Miles Mastercard is the entry-level card in the lineup of Air Miles cards provided by BMO. It does not have a restrictive minimum income requirement and has no annual fees.

The card’s main downside is its lack of any travel insurance benefits. However, for a no-fee card, this is not so unusual.

How To Redeem BMO Air Miles Rewards

You can redeem your Air Miles for travel purchases (e.g. flights, hotels, car rentals and vacation packages), merchandise and various events and attractions.

Is the BMO Air Miles Mastercard For You?

Two of the best Air Miles cards in Canada are offered by BMO:

  • BMO Air Miles Mastercard (no fee)
  • BMO Air Miles World Elite Mastercard ($120)

The BMO Air Miles Mastercard offers 1 mile for every $20 and has no annual fee.

The BMO Air Miles World Elite Mastercard comes with 2,000 bonus miles and the $120 annual fee is waived in the first year.

If you meet the $80,000 minimum income requirement for this card, it offers a higher Air Miles earn rate (1 mile for every $10 spent) and other perks:

  • A comprehensive VIP membership in Mastercard Experiences provided by Loungekey (plus 2 annual passes),
  • Comprehensive travel insurance,
  • 15% discount on flights in North America booked with Air Miles, and more.

If you would like to compare even more cards that offer travel rewards, take a look at this list of the best travel rewards credit cards in Canada.

Related Reading:

BMO Air Miles Mastercard Review
4.3

Summary

The BMO Air Miles Mastercard is the best no-fee Air Miles credit card in Canada. This review covers what you need to know and how to get 800 bonus miles.

Pros

  • 800 bonus Air Miles
  • Earn 1 Air Mile for every $20 spent
  • 1.99% balance transfer rate for 9 months
  • 2x the miles at Air Miles partners
  • Purchase protection and extended warranty

Cons

  • No travel insurance benefits
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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. His writing has been featured or quoted in the Toronto Star, The Globe and Mail, MSN Money, Financial Post, Winnipeg Free Press, CPA Canada, Credit Canada, Wealthsimple, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO and monitors his credit score for free using Borrowell.

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Savvy New Canadians is for informational purposes only and is not intended to substitute professional financial advice. The content on this website includes links to our advertisers or partners and we may receive compensation when you sign up, at no cost to you. This does not impact the objectivity of our reviews or evaluations, but it may impact which products or services we write about and where and how they appear on the site.
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