BMO Air Miles Mastercard Review 2022

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 $25 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 BMO Air Miles Mastercard review covers its benefits, downsides, alternatives, and why it is the best no-fee Air Miles Rewards credit card in Canada.

BMO Air Miles Mastercard

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)

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

1. Earn 1 Air Mile for every $25 spent using your credit card.

2. Earn 3x the miles for every $25 you spend at Air Miles partners like Shell, Sobeys, Budget, Metro, Rexall, and others.

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

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

5. No annual fee.

6. 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.

7. Get up to 15% 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:

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.

BMO Air Miles Mastercard Alternatives

American Express Aeroplan Card

Rewards: Earn 2x Aeroplan pts on Air Canada purchases; 1.5x pts dining & food delivery; 1x pts everywhere else; comprehensive travel insurance coverage.

Welcome offer: Get up to 70,000 bonus points in the first year.

Interest rates: Charge card (pay in full each month or 30% interest rate applies).

Annual fee: $120

Tangerine World Mastercard

Rewards: Earn up to 2% unlimited cash back in up to 3 spending categories and 0.50% on all other purchases; VIP perks.

Welcome offer: Get an extra 15% cash back on up to $1,000 in spending in the first 2 months ($150 value).

Interest rates: 19.95% for purchases, balance transfers, and cash advances.

Annual fee: $0

Related:

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

Best Credit Offers in August 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories.

Get 0.5% unlimited cash back on all other purchases.

Get 15% bonus cash back in first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

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Free budgeting app with automatic savings features.

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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. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

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

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  • 15% cashback on $1,000 spent in first 2 months ($150 value).*
  • Earn 2% unlimited cashback in 2 categories and 0.50% back on everything else.
  • No annual fees!
*Limited time offer. Terms and conditions apply.
Best No Annual Fee Cash Back Credit Card
Best No Annual Fee Cash Back Card
Get 15% cashback on up to $1,000 spent in first 2 months ($150 value).* No annual fees!
*Limited time offer. Terms and conditions apply.
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