BMO Air Miles Mastercard Review

Class Standard
Type MasterCard
Issuer Bank of Montreal
Annual Fee $0
Interest Rate 19.90%
Min. Income N/A
Reward Type Points
Reward 1 mile / $20 spent
Reward Return 0.5% to 0.75% of spending
Sign Up Bonus 400 500 miles (limited time)
Grace Period 21 days
Apply Sign Up!
The BMO Air Miles Mastercard is a good choice for anyone with low to moderate annual spending on their credit card that wants to collect Air Miles without paying an annual fee.


  • No annual fee (no fee for additional cards).
  • 25% bonus (Air Miles) at Shell locations, 50% bonus (Air Miles) at National and Alamo Car Rental.
  • No limit to the amount of Air Miles rewarded.
  • Easy to use, straight forward online account access through BMO.
  • No minimum annual income requirement, great way for those with low credit scores to build their credit history.
  • Extended warranty coverage on purchases (up to one year) and purchase protection against theft or damage (up to 90 days).


  • 1 Air Mile for every $20 spent – this makes it more difficult to earn rewards than the BMO Air Miles World Mastercard.
  • Aside from fuel (Shell) and car rentals (National & Alamo) no other opportunities for bonus Air Miles in other spending categories.
  • Limited insurance coverage (no travel insurance).

Insurance Package:

  • Extended warranty: up to one year
  • Purchase protection: 90 days

Air Miles Rewards Analysis

This card is geared towards those who collect Air Miles but do not need additional insurance coverage and do not want to pay an annual fee.

Related: The Air Miles Program Explained In Detail

Here is a breakdown of how many Air Miles over a span of 5 years you can earn using this card. The table below assumes an Air Mile is valued at approximately $0.15:

Light spend – $600 per month

Medium spend – $1,000 per month

Heavy spend – $1,500 per month


Year 1

Year 3

Year 5

Light spend




Medium spend




Heavy spend




BMO Air Miles World Mastercard

This card is the premium option of the regular BMO Air Miles Mastercard. It offers 1 Air Mile for every $15 spent and a 25% bonus on Air Miles redeemed (flights only).

The downside is that it comes with an annual fee of $99.

Many people wonder whether the annual fee is worth it and at what point the BMO Air Miles World Mastercard becomes more lucrative than the BMO Air Miles Mastercard.

In general, if you spend more than $20,000 per year you'd be better off using the BMO Air Miles World Mastercard than you would using the BMO Air Miles Mastercard. After an annual spend of $20,000, the $99 annual fee is recovered and the rewards from the BMO Air Miles World Mastercard become more lucrative than the regular BMO Air Miles Mastercard.

Learn more: Full BMO Air Miles World MasterCard Review

How to Maximize Air Miles

The BMO Air Miles Mastercard offers 1 Air Mile for every $20 spent. The card offers a 25% bonus at Shell locations and 50% bonus at National and Alamo Car Rental locations. An easy way to collect more Air Miles is to fuel up at Shell and rent vehicles from National or Alamo (assuming their prices are competitive).

Related: Maximizing Your Air Miles

Since no other bonus categories exist for the card, the easiest way to maximize Air Miles is to pay all expenses using the card – including monthly recurring expenses. It makes no difference which category of spending is included, so the goal should be to use the card for as many expenses as possible.

Final Verdict

The BMO Air Miles Mastercard is best for those who spend $20,000 annually (or less) and wish to collect Air Miles without paying an annual fee. It's tough to maximize Air Miles with this card because only two bonus incentives are offered (Shell & National/Alamo) so using it to pay for as many expenses as possible is the easiest way to fast-track your Air Miles balance.

Disclosure: Some links in this article may be affiliate links. We're letting you know because it's the right thing to do. Here’s a more detailed disclosure on how HTS makes money.

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