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 3x the miles for every $25 spent at participating AIR MILES partners* (0.12 pts/$). You’ll earn 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 1.99% introductory interest rate on Balance Transfers for 9 months (with 1% fee), but Flytrippers strongly recommends never carrying a balance on any credit card.

Card offer ends October 31st, 2021.

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):

  • 0.04 pts (≈ 0.48%) per $ everywhere
  • 0.12 pts (≈ 1.44%) per $ at participating AIR MILES Partners

or

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

  • 0.04 pts (0.42%) per $ everywhere
  • 0.12 pts (1.26%) per $ at participating AIR MILES Partners

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

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