Studying is all about such things as time management, meager money, and enormous possibilities. Isn’t it wonderful to think of a single tool that could somehow ease your burden and at the same time make your rewards worth it? Meet the Student BMO AIR MILES Mastercard – a credit card that will allow the student to get the maximum of spending in combination with incredible bonuses received.
This card is not only about purchase; this is about converting your purchases into valuable AIR MILES. Regardless of whether you are ordering food, novels or the break you deserve every swipe is bringing you a step closer to perks that can make a big difference in how richly you live. Starting with cold, hard money and ranging to trips of your dreams, there aren’t many limits to what is possible.
Main features of the Student BMO AIR MILES Mastercard
The Student BMO AIR MILES Mastercard is a credit card that is offered by Bank of Montreal which is among the major banks in Canada. This card is targeted at students, given that it seeks to provide them with a relatively easy ride financially, or at least one that is more rewarding.
We can say that there are several advantages, although the more obvious one is to get AIR MILES for the regular purchases. It comes in literally any form, from a cup of coffee that you bought at the café to weekly shopping at the supermarket; you are gaining miles which you can use to get anything that you want.
Understanding the annual fee
For any particular credit card holder or any type of credit card analyst, Annual fees are one of the most important things to look forward to. Luckily, the Student BMO AIR MILES Mastercard really stands out in this regard. This card has no, $0, annual fee, therefore it is a great option for students who are usually strapped for cash most of the time.
Deciphering credit limits
To come up with the credit limit of the Student BMO AIR MILES Mastercard credit card the following factors are taken into consideration. It takes into account your sources of income that might be in employment, scholarship, grants, student’s loans or family allowances. Credit history if any, and other obligations that one has at the time of applying for the loan are also taken into consideration.
Advantages of the Student BMO AIR MILES Mastercard
- Triple Miles: Currently, another offer is as follows, Spend $25 at any of the following partner outlets, and you earn 3 Miles.
- Double Miles: Earn 2 Miles for every $25 spent on fresh grocery stores.
- Earn Miles Twice: Shop with your card in conjunction with your AIR MILES card at the partners to get more points.
- No Annual Fee: During our budgeting, all these benefits have been developed while having no annual fee.
Standout advantage
The attractive offer of the Student BMO AIR MILES Mastercard is undoubtedly the fact that one can possibly earn AIR MILES on each and every purchase. This feature takes routine spending and makes it exciting ‘what if’ scenarios. Think about accumulating points and using them for books, clothes, food, or a cup of coffee and, in return, redeem the points for your travel or even for merchandise.
Addressing potential drawbacks
- High-Interest Rates: This is often expensive for the consumer since the interests on purchases and on cash advances are high and the balances are not fully paid.
- Limited Reward Partners: There are many restrictions in terms of getting triple or double miles including restrictions to certain partners and supermarkets.
- Dependency on AIR MILES Program: In relation to the AIR MILES program, the value of rewards is connected in such a way that it may not be very convenient for all users.
Standout disadvantage
The only disadvantage that should be mentioned in regards with the Student BMO AIR MILES Mastercard is the fact that it charges a higher interest rate to clients who do not pay their balance in full. For the students who may sometime be unable to clear their balances in full the interest tends to rise and put the student in deep debt.
Eligibility criteria
To apply for the Student BMO AIR MILES Mastercard, you must meet the following criteria: Be a current full-time student enrolled in a qualified post-secondary institution between your ages of 18 and 24 years;be a Canadian citizen/permanent resident. Foreign students can also apply by visiting a branch.
Also, you must are of the age of majority in your Province and if not, then are at least 18 years of age if from AB, MB, ON, PE, QC and SK or 19 years of age if from any other Province. Said to have an income from employment, scholarships and/or grants, student’s loans or family allowance.
How to apply for the Student BMO AIR MILES Mastercard
There is no complicated way to get the Student BMO AIR MILES Mastercard since one can apply through several methods. The application process is easy and fast at BMO thus once the students apply they can be able to enjoy the services without much waiting.
Via website
It is worthy to apply for admission online since it is easy to do it. To apply for BMO Student AIR MILES Master Card, one needs to visit the BMO website and follow the link – Student BMO AIR MILES Mastercard and click on the Apply Now button Initially, it is a basic form that may take a few minutes to a first timer to fill. You’ll be asked to fill the personal and financial details, and after that BMO returns an answer within one minute.
Through the mobile application
In as much as the BMO mobile app is an efficient conduit for lending to students, it is well apt to serve the needs of the tech-savvy students especially in the provisions of loan facilities. Visit the Google Play Store for Android devices or the Apple App Store for iOS devices, install the app, open it, and register for the card as will be described to you.
Through the store/branch
However, if you prefer personal interaction you can apply for the job via any of the BMO branches. This option is very advantageous for the international students who need to attach other documents. Go to the nearest branch and directly approach any of the representatives, and they will be able to assist with the application.
