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Side by Side Credit Cards Comparison
BMO AIR MILES® Mastercard®*VSBMO AIR MILES® World Elite®* Mastercard®*
Which one is better?
BMO AIR MILES® Mastercard®*
3.2
RECOMMENDED CREDIT SCORE*
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
BMO AIR MILES® World Elite®* Mastercard®*
3.7
RECOMMENDED CREDIT SCORE*
300Poor
560Fair
660⁎Good
725⁎Very Good
760⁎Excellent
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*. This offer ends on June 1, 2026.
Welcome Bonus
Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.* Plus, get 0%s introductory interest rate on Balance transfers for 12 months with a 2% transfer fee.*
Rewards Breakdown
Annual Rewards
$64.15
Air Miles
First Year Bonus Value
+
$216
Air Miles
Annual Fee
-
$0
First Year Value
$280.15
$64.15 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
Rewards Breakdown
Annual Rewards
$462.76
Air Miles
First Year Bonus Value
+
$1,260
Air Miles
Annual Fee
-
$120
$0
First Year Rebated
First Year Value
$1,722.76
$342.76 in years after
Based on a hypothetical $2,000/mo average spending. Calculate your rewards.
How to Earn Rewards
- 3x Miles points per $25 spent at participating AIR MILES Partners
- 2x Miles points per $25 spent on eligible grocery, liquor and wholesale store purchases
- 1x Mile point per $25 spent on all other eligible purchases
How to Earn Rewards
- 3x Miles points per $12 spent at participating AIR MILES Partners
- 2x Miles points per $12 spent on eligible grocery, liquor and wholesale store purchases
- 1x Mile point per $12 spent on all other eligible purchases
Insurance Included
Extended Warranty
1 year
Purchase Protection
90 days
Insurance Included
Extended Warranty
double up to 1 yearPurchase Protection
90 days
Lost or Stolen Baggage
$500/person, $1K/trip
Baggage Delay
$500/person, $1K/trip.svg)
Car Rental Damage & Theft
$65,000 up to 48 days
Common Carrier Travel Accident Insurance
$500,000/person
Hotel Burglary Insurance
$1,000
Travel Medical Insurance
$5M up 15 days/person
Trip Cancellation
$1.5K/person, $5K/trip
Trip Interruption
$1.5K/person, $10K/tripFlight Delay
$500
Extra Benefits
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
Save up to 7% on your Booking.com prepaid hotel or property rental bookingsDiscount
Get 20% off admission to Cirque du Soleil shows touring Canada, and 15% off resident shows in Las VegasDiscount
Enjoy three months of Instacart+ and a $5 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Extra Benefits
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-CarDiscount
Save up to 7% on your Booking.com prepaid hotel or property rental bookingsDiscount
Annual 25% discount on one worldwide AIR MILES flight redemptionDiscount
Enjoy six months of Instacart+ and a $10 monthly Instacart credit when you enroll your eligible BMO Credit Card.*
Airport Lounge - Dragon Pass
Pass only - complimentary visits not included.svg)
Status lift
Automatic Air Miles Onyx status
Interest Rates
Purchase:
21.99%1
Cash Advance:
23.99%1
Balance Transfer:
23.99%1
1 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.
Interest Rates
Purchase:
21.99%
Cash Advance:
23.99%
Balance Transfer:
23.99%
Annual Fee
$0
Annual Fee
$120
$0$
First Year Rebated
Income Required
Min Personal Income:
N/A
Min Household Income:
N/A
Income Required
Min Personal Income:
$80,000
Min Household Income:
$150,000
Point Redemption Options
Most Optimal
Travel
18¢ / point
Statement Credits (Cash)
10¢ / point
Merchandise
9¢ / point
Point Redemption Options
Most Optimal
Travel
18¢ / pointStatement Credits (Cash)
10¢ / pointMerchandise
9¢ / point
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 Instacart savings 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?
The BMO Air Miles World Elite Mastercard is ideal for frequent Air Miles collectors looking for premium travel benefits and a strong rewards rate. With up to 7,000 bonus miles, a 25% annual flight discount, and automatic Onyx status, this card offers substantial value for those who frequently shop at Air Miles partners and travel often. Its comprehensive insurance coverage and first-year fee waiver also add to its appeal, though the high income requirement may limit its accessibility.
Pros
- No annual fee
- Bonus Miles through partners
- Multiple discounts
- Balance transfer offer
Pros
- Increased rewards
- Travel perks
- Air Miles Onyx status
- Comprehensive insurance
- First-year fee rebate
Cons
- Low base earn rate
- Limited insurance
- Limited non-loyalty value
Cons
- High income requirements
- Lower rewards by comparison
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Legal
*Terms and conditions apply.
BMO AIR MILES Mastercard applications must be received between March 24, 2025 and June 1, 2026 (the “Offer Period”). 1,200 AIR MILES Bonus Miles offer is limited to new accounts. Existing BMO AIR MILES Mastercard customers who cancel their card during the Offer Period, and existing BMO Mastercard customers who transfer into this product during the Offer Period are not eligible.
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.
*Terms and conditions apply.
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.