bmo airmiles mastercard

BMO AIR MILES® Mastercard®*
Review

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Card Details

Based on $2,000 spending

First Year Value


$207.16

$63.16 in years after

Annual Rewards

$63.16

Air Miles

First Year Bonus

$144

Air Miles

Annual Fee

$0

First Year Value

$207.16

$63.16 in years after

Interest Rates


Cash Advance: 22.99%, for Quebec 21.99%

Purchase: 20.99%

Balance Transfer: 22.99%, introductory 0.99% for 9 months

Annual Fee


$0

Annual Income


Personal: N/A

Household: N/A

Credit Score Estimate


300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Welcome Bonus


Get 1500 AIR MILES Bonus Miles when you spend $1,000 in net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit, or debit adjustments) in the first three (3) months from the Credit Card open date

Card Type


Category: Points

Loyalty Program: Air Miles

Our Rating


1.5/5

Institution


BMO

Rewards


  • 3x Miles points per $25 spent at participating AIR MILES Partners
  • 2x Miles points per $25 spent on eligible grocery purchases
  • 1x Mile point per $25 spent on all other eligible purchases

Insurance & Benefits


Insurance

Coverage

  • purchase protection

    Purchase Protection

    90 days

  • extended warranty

    Extended Warranty

    1 year


Benefits

Details

  • discount

    Discount

    Save up to 7% on your Booking.com prepaid hotel or property rental bookings

  • discount

    Discount

    Up to 7 cents off per litre on Shell® fuel if you are an AirMiles collector

  • car rental

    Car Rental Discount

    20% off base rate of participating National Car Rental and Alamo Rent a Car and up to 5% on Enterprise Rent-A-Car

  • discount

    Discount

    Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las Vegas

Pros & Cons


Pros

  • No annual fee: The card is free to hold, making it a cost-effective way to collect Air Miles.
  • Bonus miles at partners: Earn 3x the miles at Air Miles partners and 2x the miles at grocery, liquor, and wholesale stores.
  • Fuel savings: Save up to 7 cents per litre at Shell stations, with the potential to save up to $100 annually.
  • Balance transfer offer: 0.99% promotional interest rate on balance transfers for the first 9 months.

Cons

  • Low base earn rate: Earn only 1 Air Mile per $25 spent on all non-bonus purchases.
  • Limited insurance: The card only offers basic insurance, such as extended warranty and purchase protection.
  • Limited value outside Air Miles partners: Rewards earning potential is higher at participating partners, but significantly lower for general spending.
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