Unlock a world of rewards with the BMO AIR MILES Mastercard. Imagine earning points with every swipe, enjoying special perks, and having the freedom to indulge in travel, shopping, or even a spa day. The BMO AIR MILES Mastercard is designed for those who love to make the most out of their spending, turning everyday purchases into exciting rewards. 

Whether you’re filling up at the pump, stocking up on groceries, or planning your next getaway, this card ensures you get more value with every dollar spent. Dive into a card experience that’s rewarding, user-friendly, and packed with benefits tailored just for you.

Main features of the BMO AIR MILES Mastercard 

The BMO AIR MILES Mastercard, issued by the prestigious Bank of Montreal, is a perfect fit for those who appreciate the value of reward points. This card is aimed at savvy spenders who want to maximize their purchasing power. 

With BMO’s longstanding reputation for excellence, cardholders can trust that they are in good hands. This card offers a plethora of benefits without burdening users with high fees, making it an attractive option for a broad audience.

The card caters to frequent shoppers and travelers alike, allowing them to earn miles on every purchase. From getting 3x the Miles at participating AIR MILES Partners to earning double the Miles at grocery stores, the BMO AIR MILES Mastercard ensures that every dollar spent goes further. 

Additionally, the card provides savings on fuel at Shell stations and opportunities to earn extra miles at wholesale clubs and liquor stores. It’s designed for those who want to enjoy life while being rewarded for their everyday spending.

Understanding the annual fee 

One of the standout features of the BMO AIR MILES Mastercard is its $0 annual fee. That’s right, you can enjoy all the benefits and rewards without worrying about an annual charge. This makes the card particularly appealing to those who want to maximize their savings and rewards without an additional cost. The absence of an annual fee means that every mile you earn is purely a bonus, adding more value to your spending.

Deciphering credit limits

The credit limit for the BMO AIR MILES Mastercard is determined based on a few key factors. When you apply, the Bank of Montreal assesses your financial health, including your income, employment status, and credit history. 

They consider your current financial obligations and your ability to manage additional credit. This comprehensive evaluation ensures that you receive a credit limit that matches your financial situation and spending habits.

Advantages of the BMO AIR MILES Mastercard

• No Annual Fee: Enjoy the perks of a rewards card without the annual cost.
• 800 AIR MILES Bonus Miles: Get a head start on your rewards with a generous welcome offer.
• 3x the Miles at AIR MILES Partners: Earn more miles on purchases with participating partners.
• 2x the Miles at Grocery Stores: Double your miles on grocery purchases.
• Fuel Savings at Shell: Save up to seven cents per litre on fuel and earn double miles.
• Wholesale Club and Liquor Store Rewards: Earn double miles at eligible wholesale clubs and liquor stores.

Standout advantage

The standout advantage of the BMO AIR MILES Mastercard is its ability to turn everyday spending into extraordinary rewards. The card’s reward structure is designed to maximize your earnings on common purchases, making it easy to accumulate miles quickly. Whether you’re shopping at grocery stores, filling up at Shell stations, or making purchases at AIR MILES Partners, the rewards add up fast.

Addressing potential drawbacks

• High Interest Rates: The card comes with a 20.99% interest rate on purchases and a 22.99% rate on cash advances.
• Balance Transfer Fee: A 2% fee applies to balance transfers during the introductory period.
• Limited High-Mile Redemption Options: Some high-mile redemption options may be limited, impacting the value of accumulated miles.

Standout disadvantage

The primary disadvantage of the BMO AIR MILES Mastercard is its high-interest rates. At 20.99% for purchases and 22.99% for cash advances, carrying a balance on this card can become expensive quickly. This can be particularly challenging for cardholders who are unable to pay off their balance in full each month. The high-interest rates can negate the benefits of the rewards if not managed carefully.

Eligibility criteria 

Applying for the BMO AIR MILES Mastercard is straightforward, but there are a few prerequisites to keep in mind. Applicants need to be Canadian residents who have reached the age of majority in their province or territory. You’ll need to provide personal information such as your name, date of birth, contact details, SIN, and address. Additionally, details about your employment status, income sources, and monthly housing costs are required.

How to apply for the BMO AIR MILES Mastercard

Applying for the BMO AIR MILES Mastercard is simple and can be done through various channels. Whether you prefer online applications, using an app, or visiting a branch, BMO has you covered. Let’s explore the different ways you can apply and get started on your journey to rewards.

Via website

Applying for the BMO AIR MILES Mastercard through the BMO website is quick and efficient. Simply visit the BMO website, navigate to the credit cards section, and select the BMO AIR MILES Mastercard. The online application form will guide you through the necessary steps. 

You’ll need to provide your personal and financial information, which BMO uses to assess your application. The website is secure, ensuring your information is protected. Once you’ve submitted your application, you can expect a response within minutes, making it a hassle-free process.

Through the mobile application

For those who prefer managing their finances on the go, applying via the BMO mobile app is an excellent option. Download the app from the Google Play Store or Apple App Store, and navigate to the credit cards section. The app’s user-friendly interface will guide you through the application process, requiring the same information as the online application. The app also allows you to track your application status and receive updates directly on your device.

Through the store/branch

If you prefer a more personal touch, you can apply for the BMO AIR MILES Mastercard in person at any BMO branch. This option allows you to discuss your application with a representative, who can provide detailed information and answer any questions you may have. 

Simply visit your nearest branch, and a BMO advisor will assist you with the application process. Bring along the necessary documents, including your ID and financial information, to ensure a smooth experience. Applying in-branch offers the benefit of immediate assistance and personalized service, making it a great choice for those who value face-to-face interaction.