BMO AIR MILES®† MasterCard®*

*Beta version of card page. Sign up to get updated guide soon.*

A no-annual-fee card that can be good to earn another AIR MILES welcome bonus

≈ $110

in free travel after $1,000 in 3 months

The BMO AIR MILES MasterCard has a lower welcome bonus and earn rate, and limited insurance coverage and benefits, as most no-annual-fee cards do.

But it has a low minimum income requirement and is a great way for pros to earn another AIR MILES welcome bonus. And you can earn AIR MILES that can be very valuable at Costco since it’s a Mastercard.

The card earn rate at AIR MILES Partners is pretty good, actually the best for a no-annual-fee AIR MILES card, at 3 Miles for every $25 spent at participating AIR MILES partners* (0.12 pts/$). You’ll also earn 2 Miles for every $25 spent at grocery stores and 1 Mile for every $25 spent everywhere else* (0.04 pts/$), which is not as appealing.

AIR MILES is a pretty well-known, but quite misused. Like ALL rewards programs, avoid any use other than for travel to maximize their value, this is the most basic rule. But even when used as simple Cash Rewards (fixed-value points), AIR MILES can still be worthwhile.

It also has a special 0.99% introductory interest rate on Balance Transfers for 9 months (with 2% fee), but Flytrippers strongly recommends never carrying a balance on any credit card.

Card offer ends December 6, 2022.

BMO is not responsible for maintaining the content on this site. Please click on the Get this card link for the most up to date information.

Welcome Bonus of 800 AIR MILES Bonus Miles
≈ $96 (estimated value of 12 ¢/pt)

Earning of 120 points on the $1,000 minimum spend
≈ $14 (at bonus category earn rate)

Card Fee
= $0 (Card has no annual fee)

Flytrippers Valuation of Welcome Bonus
$110 in free travel
(or $97 minimum as fixed-value Cash Rewards)

+ all points earned with your regular purchases

After the ≈$110 Welcome Bonus…

Earn rate at Flytrippers valuation (≈ 12¢ per AIR MILES mile):

  • 0.12 pts (≈ 1.44%) per $ at participating AIR MILES Partners
  • 0.08 pts (≈ 0.96%) per $ at grocery stores
  • 0.04 pts (≈ 0.48%) per $ everywhere else


Earn rate at fixed value (= 10.5¢ per AIR MILES mile):

  • 0.12 pts (1.26%) per $ at participating AIR MILES Partners
  • 0.08 pts (0.84%) per $ at grocery stores
  • 0.04 pts (0.42%) per $ everywhere else

AIR MILES are hybrid points: they can be used as variable-value points or as fixed-value points.

Variable-value uses offer more potential value, while fixed-value uses are a lot simpler.

As fixed-value Cash Rewards, your 920 AIR MILES are worth $97.

As variable-value Dream Rewards, your 920 AIR MILES is almost two-thirds of the amount needed for a short-haul roundtrip, which often represents value of a lot more than $97. Alternatively, the 920 AIR MILES can be worth more than $97 on certain car rentals.

In short, the best sweet spot of the AIR MILES Award Chart is often for short-haul off-peak flights, but car rentals can also offer 12¢-15¢ in value per point.

That can be over 40% more value than the fixed-value redemptions that give you a guaranteed return of just 10.5¢ per point as AIR MILES Cash Rewards.

More details about AIR MILES coming soon.

Purchase protection (90 days)
Extended warranty (1 year)

No medical travel insurance
No trip cancelation insurance
No trip interruption/delay insurance
No car rental insurance
No flight delay insurance
No baggage delay/loss insurance
No hotel burglary insurance

Detailed article on the credit card coming soon

BMO AIR MILES®† MasterCard®*

Offer Summary
  • ≈ $110 in free travel
  • Hybrid points (variable or fixed value)
  • Recommended for pros only
  • No annual fee; can build up length of credit history
  • No travel insurance coverage (retail ins. only)
  • Accepted at Costco
  • Minimum income of $15,000 required
  • Minimum spend of $1,000 to reach
  • Terms and conditions apply*

Detailed article on the credit card coming soon

Start getting travel rewards with the BMO AIR MILES MasterCard now

via BMO secure application

*Beta version of card page. Sign up to get updated guide soon.*

This content was not sponsored. The views and opinions expressed on this page are purely our own.

All offers described on the Flytrippers website are subject to the financial institutions’ latest terms and conditions that can be found on their website.

Offers from financial institutions change quickly; it is your responsibility to ensure the accuracy of these offers on their website when applying for a card. Flytrippers will not accept any responsibility for the accuracy of the offers or the result of your actions.

Financial institutions are not responsible for updating or ensuring the accuracy of the information on Flytrippers’ website. All the information was independently collected by Flytrippers and not provided by financial institutions.

Some links on this page are affiliate links that may allow Flytrippers to earn a commission. Thank you for using our links and encouraging us at no additional cost to you.

Flytrippers’ website does not contain all available credit card offers or all available credit card companies on the market. Flytrippers never shares an offer if it is not considered advantageous for certain travelers, at its sole discretion.

No author on Flytrippers’ website is a financial advisor, a financial planner, a legal professional or a tax professional and no author on Flytrippers’ website can in any way be considered as such.

All articles and pages on Flytrippers’ website are merely personal opinions of a general nature and are for informational purposes only and should not be considered as advice for specific situations. It is your responsibility to perform your own personal research to make sure that Travel Hacking is appropriate for your own situation.

The opinions expressed on Flytrippers’ website are those of the authors only and have not been provided, approved, endorsed or ratified by any third party mentioned on the site.

You can learn more about our terms of use here.