BMO Air Miles Mastercard

BMO AIR MILES® Mastercard®*

APPLY NOW
BMO Preferred Rate Mastercard

BMO Preferred Rate Mastercard®

APPLY NOW

BMO AIR MILES® Mastercard®* vs BMO Preferred Rate Mastercard®: Which one is better?


BMO Air Miles Mastercard

BMO AIR MILES® Mastercard®*

2.8


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

BMO Preferred Rate Mastercard

BMO Preferred Rate Mastercard®

3.6


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$63.16

Air Miles


First Year Bonus Value

$216

Air Miles


Annual Fee

$0


First Year Value

$279.16

$63.16 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

N/A

Insurance Included*

  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days

Insurance Included*

  • extended warranty

    Extended Warranty

    Doubled up to 1 year
  • purchase protection

    Purchase Protection

    90 days

Extra Benefits*

  • 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

    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
  • discount

    Discount

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

Extra Benefits*

N/A

Interest Rates*

Purchase:

21.99%1

Cash Advance:

23.99%1

Balance Transfer:

23.99%1

Interest Rates*

Purchase:

13.99%2

Cash Advance:

15.99%2

Balance Transfer:

15.99%2

Annual Fee*

$0

Annual Fee*

$29

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus*

Get 1,200 AIR MILES Bonus Miles when you spend $1,500 in net card purchases (less refunds and excluding cash advances, cash-like transactions, interest charges, fees, credit, or debit adjustments) in the first 110 days from the Credit Card open date. Get a 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred*.

Welcome Bonus*

Get a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee*

Rewards Rate*

  • 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

Rewards Rate*

No rewards earned on this card

Loyalty Program*

Loyalty Program*

N/A

Point Redemption Options*

  • Most Optimal

    travel - plane

    Travel

    18¢ / point
  • cash coins

    Statement Credits (Cash)

    10¢ / point
  • online shop

    Merchandise

    9¢ / point

Point Redemption Options*

Not Applicable

Is this card worth it?

The BMO Air Miles Mastercard is an excellent option for those looking to collect Air Miles without paying an annual fee. With bonus earning opportunities at Air Miles partners and grocery stores, this card is ideal for regular Air Miles collectors. It also offers perks like fuel savings at Shell and a competitive balance transfer rate, making it a versatile card for everyday purchases. However, its limited rewards outside of partner stores may not make it the best fit for those who don't frequently shop at Air Miles-affiliated retailers.

Is this card worth it?

If you plan to carry a balance on your credit card, this card offers a very low interest rate. However, there are other cards with no annual fee and slightly lower interest rates that you might want to consider as well.

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.

Pros

  • Low interest rate
  • Nice welcome offer for balance transfer

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.

Cons

  • Annual fee while there are similar cards that don't have that fee with them
  • No benefits other than the most basic purchase protection and extended warranty

Legal


*BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
**Terms and conditions apply. Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account. BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information. Check here for full details and current product information.
1,2 Terms and conditions apply. Each balance transfer is subject to a fee of 2% which will be charged to your account on the date the balance transfer is posted to your Account.

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