The most effective Air Miles bank cards
The Air Miles loyalty program is without doubt one of the most established and widespread in Canada. Although it misplaced a few of its lustre lately, BMO acquired Air Miles in 2023 and relaunched this system in 2024 with new companions and a give attention to experiences. BMO affords three Air Miles bank cards, together with a variation of the BMO Air Miles Mastercard for college kids. There are additionally three enterprise Air Miles bank cards. Let’s take a look on the three playing cards meant for on a regular basis Air Miles collectors.
| Air Miles bank card | Predominant profit |
|---|---|
| For no annual payment BMO Air Miles Mastercard Annual payment: $0 |
Earn as much as 3 Miles per $25 spent with out paying an annual payment |
| For probably the most earnings and perks BMO Air Miles World Elite Mastercard Annual payment: $120 (waived first 12 months) |
The quickest option to earn Air Miles and get journey perks, like journey insurance coverage and complimentary Dragon Cross membership |
| For college kids BMO Air Miles Mastercard for College students Annual payment: $0 |
Accessible to college students and comes with the identical advantages because the BMO Air Miles Mastercard |
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For no annual payment
At a look: In the event you’re searching for a no-fee bank card, why not select one which rewards you each time you utilize it? With no annual payment and a set of normal perks like prolonged guarantee and buy safety, the BMO Air Miles Mastercard is a good entry-level card. When your time involves redeem, you’ll have the added satisfaction of realizing your reward—whether or not it’s a toaster oven, money for groceries or a flight—didn’t come at the price of an annual payment.
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BMO Air Miles Mastercard
Annual payment: $0
3 Miles per $25 spent at Air Miles companions
2 Miles per $25 spent at eligible grocery, liquor and wholesale shops
1 Mile per $25 spent all over the place else
Welcome provide: earn 1,500 AIR MILES Bonus Miles!* That’s sufficient for $150 in direction of purchases with AIR MILES Money*
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | Private revenue of $15,000 |
| Credit score rating | 660 or greater |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105 |
For probably the most earnings and perks
At a look: Canadians who use the Air Miles program primarily for journey will discover the advantages and bonuses with the BMO Air Miles World Elite Mastercard to be excellent. What actually places this card into its personal class are the quite a few travel-specific perks for account holders. To begin, it comes with sturdy journey insurance coverage, together with $5 million in out-of-province/out-of-country emergency medical for cardholders underneath 65 years of age. Members additionally get complimentary membership in Mastercard Journey Cross offered by DragonPass.
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BMO Air Miles World Elite Mastercard
Annual payment: $120
3 Miles per $12 spent at Air Miles companions
2 Miles per $25 spent at eligible grocery, liquor and wholesale shops
1 Mile per $12 spent all over the place else
Welcome provide: earn 3,000 AIR MILES Bonus Miles! That is sufficient for $310 in direction of purchases with AIR MILES Money!
Card particulars
| Rates of interest | 20.99% on purchases, 23.99% on money advances, 23.99% on stability transfers |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or greater |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105 |
For college kids
At a look: The BMO Air Miles Mastercard for College students comes with the identical earn charges and advantages because the BMO Air Miles Mastercard. However as a scholar bank card, there are fewer eligibility necessities, making it simpler or college students with modest incomes to get accredited. To qualify, you’ll have to be enrolled as a scholar at a acknowledged post-secondary college, aged 18 to 24 and the age of majority in your province, a Canadian citizen or everlasting resident, and earn an revenue from employment, scholarship/grant, scholar mortgage or household allowance.
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BMO Air Miles Mastercard for College students
Annual payment: $0
3 Miles per $25 spent at Air Miles companions
2 Miles per $25 spent at eligible grocery, liquor and wholesale shops
1 Mile per $25 spent all over the place else
Welcome provide: earn 1,500 AIR MILES Bonus Miles!* That’s sufficient for $150 in direction of purchases with AIR MILES Money*
Card particulars
| Rates of interest | 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers |
| Revenue required | None specified |
| Credit score rating | 660 or greater |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105 |
New methods to earn and redeem
BMO purchased Air Miles in March 2023, after this system’s proprietor, Loyalty Ventures Inc., filed for chapter. In July 2024, the financial institution unveiled adjustments to Air Miles aimed toward “reinvigorating one among Canada’s largest loyalty applications.” The adjustments embody new methods to earn and redeem Air Miles rewards. Learn extra about the Air Miles relaunch.
Air Miles companions
There are dozens of retailers and repair suppliers that supply Air Miles. While you store at these shops, you’ll earn extra Air Miles in your purchases. The record of Air Miles companions contains:
- Alamo Automobile Rental
- Boston Pizza
- Price range Automobile Rental
- Decathlon
- Dollarama
- World Pet Meals
- Goodyear
- H&M
- Harry Rosen
- Instacart
- Porter
- Shell
- Simons
- By way of Rail
Which fuel stations take Air Miles?
Whereas Air Miles is extensively accepted in Canada, this system is simply supplied at a restricted variety of Canadian fuel stations. At the moment, Shell Canada and Irving Oil are the 2 fuel stations in Canada that will let you pay with Air Miles. BMO Air Miles cardholders additionally get:
- 1 Mile for each 10 litres of premium gas, and 1 Mile for each 10 litres of bronze, silver and diesel gas at Shell Stations, plus 1 Mile for each $5 spent on automobile wash or in-store merchandise.
- 1 Mile for each 20 litres of gas bought at Irving Oil fuel stations, plus 1 Mile for each $20 spent on comfort retailer merchandise and automobile washes.
Dream Miles versus Money Miles
One other function of the Air Miles program is that it allows you to select from two alternative ways to earn: Money Miles or Dream Miles.
Money Miles can be utilized in direction of on a regular basis procuring at groceries or fuel at taking part companions. You would use your Miles on garments at Lululemon, on an evening on the motion pictures with Cineplex, and even on a latte from Starbucks. The speed stays the identical, and Money Miles are easy to redeem both in-store at Air Miles companions or on-line for Air Miles e-vouchers.
Dream Miles are saved towards a “dream” reward, like journey, occasion tickets or home equipment. These are usually big-ticket objects (“larger” than what you’ll use with Money Miles), and the redemption fee varies. You would redeem your Dream Miles for a flight booked on one of many Air Miles accomplice airways.
As an Air Miles collector, you need to select whether or not to earn your Miles within the Money or Dream classes—however don’t fear in regards to the dedication. You may select both or each. For instance, if you wish to use your entire Air Miles for on a regular basis purchases, you’ll be able to go on the Air Miles website and choose 100% of your Miles going to Money. Or, if you would like your entire Miles to enter financial savings in opposition to a visit, you’d select 100% Dream. Or, you’ll be able to break up between the 2 in any proportion you need: 50:50, 60:40, 80:20, or every other mixture.
Air Miles collector standing
Beforehand, Air Miles members couldn’t switch Dream Miles to Money Miles (and vice versa), as soon as the rewards had been earned. Nevertheless, with the current adjustments to this system, Air Miles can now be transformed relying in your collector standing. Listed here are the three Air Miles tiers, and learn how to qualify for every:
- Blue: Each Air Miles collector is robotically given Blue standing.
- Gold standing: Get 500 to 4,999 Miles in a calendar 12 months, or be a cardholder of the BMO Air Miles Mastercard to robotically qualify.
- Onyx standing: Get 5,000 Miles or extra in a calendar 12 months, or be a cardholder of the BMO Air Miles World Elite Mastercard to robotically qualify.
Gold and Onyx collectors can convert Dream Miles to Money Miles and vice versa. Onyx collectors get limitless transfers, whereas Gold collectors can switch as much as 1,000 Miles per 12 months. Gold and Onyx collectors additionally get extra journey advantages and merchandise reductions. Every tier comes with the power to redeem with a mixture of money and Miles.
Extra of Canada’s finest bank cards:
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