BMO AIR MILES® Mastercard®

Welcome Bonus

Get 800 AIR MILES Bonus Miles (that’s enough for $80 towards purchases with AIR MILES Cash) and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee

N/A

Annual Fee

$0

Annual Rewards

0.04x-0.12x Miles

N/A

Rewards on Approval

N/A

Purchase Rates

20.99%

Cash Advance Rates

22.99%

Balance Transfer Rates

N/A

Table of Contents

The BMO AIR MILES® Mastercard® is a credit card offered by the Bank of Montreal (BMO) in partnership with the AIR MILES® reward program. With this card, cardholders can earn AIR MILES® reward miles on their everyday purchases and redeem them for a variety of rewards, including travel, merchandise, events, and more. The card also offers additional benefits such as exclusive discounts from AIR MILES® sponsors and travel insurance coverage. It provides a convenient and secure payment option with features like contactless payments and BMO's Zero Liability protection. Overall, the BMO AIR MILES® Mastercard® is designed to help cardholders maximize their rewards and enjoy a range of perks and benefits.

Pros

  1. Earning AIR MILES® Rewards: One of the biggest advantages of the BMO AIR MILES® Mastercard® is the ability to earn AIR MILES® reward miles on everyday purchases. This allows cardholders to accumulate miles quickly and work towards redeeming them for a variety of rewards.

  2. Welcome Bonus: The card often offers a generous welcome bonus of AIR MILES® reward miles to new cardholders who meet the specified criteria. This bonus provides a head start in earning rewards.

  3. AIR MILES® Sponsor Discounts: Cardholders can access exclusive discounts and offers from participating AIR MILES® sponsors. This can result in savings on various purchases and services, including travel, dining, shopping, and entertainment.

  4. Travel Insurance Coverage: The BMO AIR MILES® Mastercard® provides travel insurance coverage, including trip interruption, flight delay, baggage loss, and car rental coverage. This insurance can offer peace of mind and financial protection while traveling.

  5. Convenience and Security: The card supports contactless payments, making transactions quick and easy. Additionally, the BMO AIR MILES® Mastercard® includes BMO's Zero Liability protection, ensuring cardholders are not held responsible for unauthorized transactions.

Cons

  1. Annual Fee: The card charges an annual fee, which may vary depending on the specific card variant and any promotional offers available at the time of application. The fee should be considered when evaluating the overall value of the card.

  2. Interest Rates: The BMO AIR MILES® Mastercard® has an annual interest rate for purchases and cash advances. Carrying a balance and accruing interest can offset the value of the rewards earned, so it's important to use the card responsibly.

  3. Reward Restrictions: While the AIR MILES® reward program offers a wide range of redemption options, there may be limitations and restrictions on certain rewards, such as blackout dates for travel or limited availability of merchandise.

  4. Limited Acceptance: As with any credit card, the acceptance of the BMO AIR MILES® Mastercard® may vary depending on the merchant. While it is widely accepted, there may be instances where the card is not accepted.

  5. Specific to AIR MILES® Program: The BMO AIR MILES® Mastercard® is directly tied to the AIR MILES® reward program, which means that the rewards earned are specific to this program. If you prefer a different loyalty program or want more flexibility in reward options, this may be a limitation.

Details & Eligibility

  • 680 - 800
  • N/A
  • N/A
  • $0
  • N/A
  • Mastercard
  • No
  • 20.99%
  • 22.99%
  • N/A
  • N/A
  • 0.99%
  • N/A

The BMO AIR MILES® Mastercard® is a credit card offered by the Bank of Montreal (BMO) in partnership with the AIR MILES® reward program. It is designed to provide cardholders with various benefits and rewards based on their everyday spending. The card offers a range of features and perks that make it appealing to individuals looking to earn and redeem AIR MILES® rewards.

One of the primary advantages of the BMO AIR MILES® Mastercard® is its reward structure. Cardholders earn AIR MILES® reward miles on all their eligible purchases. These reward miles can be accumulated and redeemed for a wide range of rewards, including travel, merchandise, events, and more. The card also offers a welcome bonus of AIR MILES® reward miles to new cardholders who meet the specified criteria, providing an extra incentive to sign up.

The BMO AIR MILES® Mastercard® also offers additional benefits to enhance the cardholder’s experience. For instance, the card provides access to exclusive discounts and offers from participating AIR MILES® sponsors, allowing cardholders to save money on various purchases and services. This can range from discounted flights and hotels to savings on dining, shopping, and entertainment.

Moreover, the BMO AIR MILES® Mastercard® comes with travel insurance coverage, including trip interruption, flight delay, baggage loss, and car rental coverage. These insurance benefits can provide peace of mind to cardholders when traveling, knowing that they have additional protection in case of unforeseen circumstances.

Cardholders also benefit from the convenience and security features of the BMO AIR MILES® Mastercard®. The card supports contactless payments, making it quick and easy to make purchases at compatible terminals. Additionally, it comes with BMO’s Zero Liability protection, ensuring that cardholders are not held responsible for unauthorized transactions.

In terms of accessibility, the BMO AIR MILES® Mastercard® can be managed easily through BMO’s online and mobile banking platforms. Cardholders can view their account statements, make payments, track their rewards, and manage their card settings conveniently from anywhere with an internet connection.

When it comes to fees and interest rates, the BMO AIR MILES® Mastercard® charges an annual fee, which may vary depending on the specific card variant and any promotional offers available at the time of application. It is important for potential cardholders to review the fee structure and determine if the benefits and rewards outweigh the cost of ownership. Additionally, the card has an annual interest rate for purchases and cash advances, which should be considered when carrying a balance.

It is worth noting that while the BMO AIR MILES® Mastercard® offers numerous benefits, it is essential for individuals to use credit responsibly. It is advisable to pay off the balance in full each month to avoid interest charges and fees.

In summary, the BMO AIR MILES® Mastercard® is a credit card that provides cardholders with the opportunity to earn AIR MILES® reward miles on everyday purchases. With its reward structure, welcome bonus, exclusive discounts, travel insurance, and convenience features, the card offers a comprehensive package for individuals who want to maximize their rewards and enjoy additional benefits. However, individuals should carefully evaluate the fees and interest rates associated with the card and ensure they can manage their credit responsibly.

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