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BMO AIR MILES Mastercard

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Card details
Network provider
BMO Bank of Montreal
Card types
No Fee
Credit needed
Fees and interest
Annual fee
Purchase interest rate
Cash advance rate
Balance transfer rate
22.99% after 9 months
Credit score required
Excellent (750-900) Good (650-749) Fair (575-649) Bad (300-574)
  • Extended Warranty
  • Free Supplementary Card
  • Purchase Protection
  • Rental Car Discounts
  • Travel Benefits

The BMO AIR MILES Mastercard is a travel rewards card that lets cardholders take advantage of valuable offers and quickly collect Air Miles. It is typically available to individuals with a good credit score (650 or greater).

Choosing the BMO AIR MILES Mastercard makes sense for anyone who plans to spend right after signing up. That's because new cardholders can earn up to 800 Air Miles points pretty quickly. You'll get 400 bonus Air Miles after making your first purchase on then card. Then, if you spend another $1,000 on the card within three months, you'll collect another 400 Air Miles points. That's for a total of 800 Air Miles points, equivalent to about $80.

There's also an introductory offer on balance transfers: 1.99% interest for the first nine months. These offers are only available for new account holders who apply for a card by Oct. 31, 2019. 

The ordinary earning rate for Air Miles rewards is one mile for every $20 spent on the card. With the BMO Air Miles Mastercard, however, cardholders can also "double dip" and earn twice the points when they use it at Air Miles participating sponsor locations along with their regular Air Miles card. Points can eventually be redeemed for free flights or merchandise.

Each of the rates associated with the BMO AIR MILES Mastercard are fairly common by market standards. It has a 19.99% purchase interest rate, a 22.99% cash advance rate.

Why get the BMO AIR MILES Mastercard?

Rental car discounts Anytime you use the card to rent at one of the participating National Car Rental or Alamo Rent A Car locations, you'll save up to 25% on your transaction.

Consumer protectionThe credit card comes with both an extended warranty (doubles it up to a maximum of one year) and purchase protection (automatically insures items bought with the card against theft or damage for 90 days from date of purchase).

Free cardholder additions – Cardholders have the privilege of adding other cardholders at no extra cost. This allows points to be accumulated at an even faster rate than they would be with just one card in use.

Strong securityThis card takes a number of measures to ensure that you, as a cardholder, are protected from fraudulent activity. It is embedded with a PIN-protected microchip, a Mastercard SecureCode, and a zero liability policy for unauthorized use.