BMO AIR MILES Mastercard
Get 1,200 Bonus AIR MILES with no annual fee, plus earn up to 3x Miles at partners. Competitive interest rates starting from 21.99% on purchases.
Introducing BMO AIR MILES Mastercard
The BMO AIR MILES Mastercard is tailored for Canadians who want to maximize rewards without an annual fee. The welcome offer includes 1,200 bonus AIR MILES, which can be worth $120 towards purchases. Interest rates are 21.99% for purchases and 23.99% for cash advances and balance transfers, with Quebec residents eligible for 21.99% across the board. This card allows you to collect Miles faster at AIR MILES partners and earn on everyday spending, making it a popular choice for value and convenience.
How to Apply for the BMO AIR MILES Mastercard
- Visit the provider’s official website for the latest offer.
- Click on the application button and provide your personal and financial details.
- Submit the form for an instant approval decision, subject to credit verification.
Key Benefits
One major benefit is the welcome offer of 1,200 AIR MILES, helping you jumpstart your rewards journey. Earn 3x Miles per $25 spent at AIR MILES partners, and up to 2x at eligible grocery and other select retailers. This card also features extended warranty and purchase protection coverage for added peace of mind. Enjoy discounts on car rentals and three months of Instacart+ with a $5 monthly credit, boosting convenience and savings for cardholders.
Drawbacks to Consider
The main downside is the relatively high interest rate, which starts at 21.99%. Those who carry a balance may find this costly in the long run. Additionally, balance transfers have a 0.99% introductory rate for 9 months but include a 2% fee, which could cut into the savings for larger transfers. The highest rewards are available only at select partners, so general spenders might not maximize their return as easily.
Final Verdict
The BMO AIR MILES Mastercard is ideal for those seeking a no-fee card with robust rewards, especially for AIR MILES loyalists. Its valuable welcome offer and partner network make it a compelling choice for frequent shoppers and travellers. However, it’s best suited for users who pay off their balance monthly and shop at AIR MILES partners to take full advantage of the benefits.
