Overall rating
First year value
$253
Get this card if you:
- quickly rack up more Air Miles
- want rewards, with an annual fee
- value a great welcome offer
Scores by category
No Annual Fee 3.0
Rewards 2.3
Travel 2.2
At a glance
The BMO® AIR MILES®† Mastercard®* is a no-annual-fee credit card that allows cardholders to earn AIR MILES on everyday purchases, with accelerated rates at participating AIR MILES Partners and eligible grocery stores. It includes benefits such as purchase protection, extended warranty, and discounts on car rentals, making it a practical choice for those looking to accumulate AIR MILES without an annual fee.
Highlights
$253
First year value
1,200 AIR MILES*
Welcome bonus
Interest Rates
21.99%
Purchase APR
23.99%
Balance transfer APR
23.99%
Cash advance APR
21.99% for Quebec residents
Eligibility
Good
Recommended credit score
$15,000
Required annual personal income
Quick overview of the BMO AIR MILES MasterCard
Looking for that elusive rewards credit card with a hefty sign-up bonus and no annual fee? We got you covered. Want that $0 annual fee credit card to come with awesome rewards opportunities? How about access to Canada’s largest loyalty program with over 10 million active members, and one of the country’s richest earn rates?
Even if you have another “favourite” credit card in your wallet already, why not give one of Canada’s most popular credit cards and loyalty programs a try?
Who's the BMO AIR MILES MasterCard for?
- Savvy travellers: With this credit card, you can double dip getting miles with your credit card AND your AIR MILES collector card to earn miles doubly fast*. And you can get bonus miles with your card at retailers!
Pros and cons
Pros
-
No annual fee with a substantial welcome offer
-
Earn Air Miles with both credit and collector cards
-
Potential for upwards of an exceptional 2.04% travel earn rate
-
Additional Benefits include discounts, insurance, and a low balance transfer rate
Cons
-
A 2% fee applies to balance transfers.
-
Limited redemption options
-
Variable redemption values may vary based on last-minute short-haul flights
-
Its specific rewards program is best for those interested in Air Miles loyalty program
BMO AIR MILES MasterCard welcome bonus
The card comes with a lucrative welcome bonus: Get 1,200 AIR MILES Bonus Miles‡ and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.†
How to earn AIR MILES with the BMO AIR MILES MasterCard 🛫
- Earn accelerated miles: Get 3x the Miles for every $25 spent at participating AIR MILES Partners and 2x the Miles for every $25 spent at any eligible grocery store*.
- Earn double rewards: Use your BMO® AIR MILES®† MasterCard®* and AIR MILES Collector Card at an AIR MILES sponsor to earn reward miles from both.
- Earn on everything: Earn 1 AIR MILES rewards for every $25 spent on the credit card.
Do AIR MILES expire?
AIR MILES expire if your account is inactive for 24 months.
Ready to turn your AIR MILES into jet-setting adventures? Score flights to your ultimate getaway using your stash of AIR MILES. The amount of AIR MILES needed will depend on the destination you're flying to. You can also convert AIR MILES to Cash Miles. Let's do the math: 95 AIR MILES = $10, which can be used towards your purchases at participating AIR MILES partner locations. Learn more about redeeming AIR MILES.
BMO AIR MILES Mastercard benefits
Here are some of the additional perks that help this card stand-out from the pack:
- Bonus AIR MILES welcome bonus: Get 1,200 AIR MILES Bonus Miles‡ and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.†
- $0 annual fee: There is no annual fee on this card – ever
- Free additional cards: With a $0 annual fee, you can get as many authorized users on your card as you’d like to help you accumulate AIR MILES even faster!
- Discounts: Car rental discounts*
- Insurance: Double manufacturer’s warranty up to 1 year and automatically insure items against theft or damage for 90 days from date of purchase with your card*
- Low rate on balance transfers: Low 0.99% introductory interest rate on Balance Transfers for 9 months, 2% fee applies to balance amounts transferred
AIR MILES point values
BMO AIR MILES have a value of 10 cents per point ($0.10/pt.)
AIR MILES points have different values depending on how you redeem them. Here are the current valuations for AIR MILES points:
- Cash back or statement credits: 10 cents per point
- Merchandise or gift cards: 7 cents per point
- Travel (economy class): 10.5 cents per point
- Travel (business class): 13 cents per point
Does the BMO AIR MILES MasterCard offer travel insurance?
Here are the insurance benefits you get with this card:
How does the BMO Mastercard with AIR MILES compare?
Here's how the BMO AIR MILES stack up:
up to 7,000 MILES†
Welcome Bonus
$383
First Year Value
$53
Annual Value
Welcome Bonus: Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.† Expires Jun 01, 2025
Get this card if you...
-
are a frequent traveler looking to earn more Air Miles
-
want comprehensive travel insurance and exclusive travel perks
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$120
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO AIR MILES®† World Elite®* Mastercard®* is a premium travel rewards credit card designed for frequent travelers, offering accelerated AIR MILES earn rates on purchases at participating AIR MILES Partners and eligible grocery stores. Cardholders benefit from perks such as a discount on one worldwide AIR MILES flight redemption annually, complimentary membership in Mastercard Travel Pass provided by DragonPass, and a comprehensive insurance package covering travel and medical emergencies.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Offers the largest Air Miles sign-up bonus on the market with a waived annual fee for the first anniversary*
-
High earn rates of up to 3x the Miles on eligible purchases
-
Exclusive travel discounts like 25% off one worldwide AIR MILES flight redemption annually
-
Airport lounge access through complimentary Mastercard Travel Pass membership
-
Comprehensive insurance package which covers medical, trip, flight delay, lost luggage and more
-
Additional Perks include BMO Concierge, digital subscriptions, and cash back promotions
Cons
-
An $80,000 personal/$150,000 household income is needed to qualify
-
Ideal for AIR MILES loyalists, may not suit those with a casual approach
-
The fixed redemption value for flights may not appeal to everyone
-
Optimal value only when frequently shopping at AIR MILES partners
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
Rewards AIR MILES
3x
Cardholders earn an accelerated 3x the Miles per $12 spent at participating AIR MILES partners*
2x
the Miles for every $12 spent at any eligible grocery store*
1x
Earn 1 Mile for every $12 in credit card purchases, everywhere you spend*
25%
Get a 25% discount on one worldwide AIR MILES flight redemption during the calendar year*
Insurance Benefits
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.†
Our Take
The BMO AIR MILES®† World Elite®* Mastercard®* is a premium travel rewards credit card designed for frequent travelers, offering accelerated AIR MILES earn rates on purchases at participating AIR MILES Partners and eligible grocery stores. Cardholders benefit from perks such as a discount on one worldwide AIR MILES flight redemption annually, complimentary membership in Mastercard Travel Pass provided by DragonPass, and a comprehensive insurance package covering travel and medical emergencies.
Eligibility
Excellent (740+)
Recommended Credit Score
$80,000
Required Annual Personal Income
$150,000
Required Annual Household Income
Pros
-
Offers the largest Air Miles sign-up bonus on the market with a waived annual fee for the first anniversary*
-
High earn rates of up to 3x the Miles on eligible purchases
-
Exclusive travel discounts like 25% off one worldwide AIR MILES flight redemption annually
-
Airport lounge access through complimentary Mastercard Travel Pass membership
-
Comprehensive insurance package which covers medical, trip, flight delay, lost luggage and more
-
Additional Perks include BMO Concierge, digital subscriptions, and cash back promotions
Cons
-
An $80,000 personal/$150,000 household income is needed to qualify
-
Ideal for AIR MILES loyalists, may not suit those with a casual approach
-
The fixed redemption value for flights may not appeal to everyone
-
Optimal value only when frequently shopping at AIR MILES partners
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Fees
$120
Annual Fee
Rewards AIR MILES
3x
Cardholders earn an accelerated 3x the Miles per $12 spent at participating AIR MILES partners*
2x
the Miles for every $12 spent at any eligible grocery store*
1x
Earn 1 Mile for every $12 in credit card purchases, everywhere you spend*
25%
Get a 25% discount on one worldwide AIR MILES flight redemption during the calendar year*
Insurance Benefits
$5,000,000
Emergency medical insurance amount
$500,000
Travel accident insurance amount
$1,000
Hotel burglary insurance
$65,000
Rental car insurance amount
Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.†
| BMO AIR MILES Mastercard | BMO AIR MILES World Elite Mastercard |
|---|---|
|
Annual fee:
$0 |
Annual fee:
$120 |
|
Welcome bonus:
Get 1,200 AIR MILES Bonus Miles‡ and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.† |
Welcome bonus:
Get up to $1,000 in value including up to 7,000 AIR MILES Bonus Miles and no annual fee in your first year.† |
|
Rewards:
- Earn 3x the Miles for every $25 spent at participating AIR MILES Partners - Earn 2x the Miles for every $25 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers - Earn 1x the Mile for every $25 that you spend with your credit card everywhere else |
Rewards:
- Earn 3x the Miles per $12 spent at participating AIR MILES partners* - Earn 2x the Miles for every $12 spent at any eligible grocery store* - Earn 1x the Mile for every $12 in credit card purchases, everywhere you spend* |
|
Insurance:
Basic travel insurance |
Insurance:
Comprehensive travel insurance |
|
Perks:
N/A |
Perks:
- 25% discount on 1 reward flight per year - Mastercard Travel Pass membership - AIR MILES Onyx status |
| - | Apply Now |
While the BMO AIR MILES World Elite Mastercard comes with an annual fee, you earn 1 mile for every $12 spent anywhere and unlock premium perks like airport lounge access, comprehensive travel insurance and a bigger welcome bonus.
Let's do some math. Spending $2,000 a month with the BMO AIR MILES Mastercard would net you 80 miles each month, or 960 miles a year. Since short-haul flights within Canada typically require 1,200 to 1,700 miles, it would take around 15 to 18 months to earn a flight.
The BMO AIR MILES World Elite card would earn you about 166 miles per month—adding up to 1,992 miles in a year. That’s enough for a short-haul flight within a year or even sooner, depending on bonuses or promotions.
With enough AIR MILES, a short-haul flight could take you from:
- Toronto to cities like Montreal, Ottawa, New York or Chicago
- Vancouver to Calgary, Edmonton, Seattle or Portland
- Halifax to Montreal, Boston or Toronto.
With the BMO AIR MILES World Elite Mastercard, you’ll be flying to your next destination twice as fast compared to the BMO AIR MILES Mastercard.
Disclosures:
- *Terms and conditions apply
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
up to 10,000 points
Welcome Bonus
$569
First Year Value
$369
Annual Value
Welcome Bonus: Join and get up to $200 in value in your first year!† Earn 10,000 Aeroplan points!†
Get this card if you...
-
frequently travel with Air Canada and collect Aeroplan points
-
want travel perk like complimentary first checked bag
-
value a generous welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The CIBC Aeroplan® Visa Card is a no-annual-fee credit card that allows cardholders to earn Aeroplan points on everyday purchases, with accelerated rates for eligible gas, electric vehicle charging, groceries, and direct Air Canada purchases. While it offers benefits such as purchase security, extended protection, and auto rental collision/loss damage insurance, it does not include travel insurance or lounge access.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$15,000
Required Annual Household Income
Pros
-
Earn one Aeroplan point per dollar spent on gas, electric vehicle charging, groceries, and with Air Canada directly, including Air Canada Vacations
-
Earn twice the points at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore
-
No annual fee
Cons
-
You only earn one point for every $1.50 spent on everything else
-
No travel insurance
-
No lounge access
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
25.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards Aeroplan
1 point
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
Insurance Benefits
$100,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get a total of up to 10,000 Aeroplan points (up to $200 in travel value†):
2,500 Aeroplan points when you make your first purchase†.
2,500 Aeroplan points when you spend $3,000 or more during the first 4 monthly statements periods†.
5,000 Aeroplan points as an additional anniversary bonus when you have at least $10,000 in net purchases posted on your account during the first 12 monthly statement periods†.
Our Take
The CIBC Aeroplan® Visa Card is a no-annual-fee credit card that allows cardholders to earn Aeroplan points on everyday purchases, with accelerated rates for eligible gas, electric vehicle charging, groceries, and direct Air Canada purchases. While it offers benefits such as purchase security, extended protection, and auto rental collision/loss damage insurance, it does not include travel insurance or lounge access.
Eligibility
Fair (300 - 619)
Recommended Credit Score
$15,000
Required Annual Household Income
Pros
-
Earn one Aeroplan point per dollar spent on gas, electric vehicle charging, groceries, and with Air Canada directly, including Air Canada Vacations
-
Earn twice the points at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore
-
No annual fee
Cons
-
You only earn one point for every $1.50 spent on everything else
-
No travel insurance
-
No lounge access
Annual Interest Rates
20.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
25.99%
Penalty
Fees
$0
Annual Fee
2.50%
Foreign Transaction
5.00%
Balance Transfer
$5
Cash Advance
$29
Over The Limit Penalty
$42.5
Return Penalty
Rewards Aeroplan
1 point
for every $1 you spend on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®
1 point
for every $1.50 you spend on all other purchases.
2x
Earn points twice at over 150 Aeroplan partners and over 170 online retailers through the Aeroplan eStore.
Insurance Benefits
$100,000
Travel accident insurance amount
$65,000
Rental car insurance amount
Get a total of up to 10,000 Aeroplan points (up to $200 in travel value†):
2,500 Aeroplan points when you make your first purchase†.
2,500 Aeroplan points when you spend $3,000 or more during the first 4 monthly statements periods†.
5,000 Aeroplan points as an additional anniversary bonus when you have at least $10,000 in net purchases posted on your account during the first 12 monthly statement periods†.
| BMO AIR MILES Mastercard | CIBC Aeroplan® Visa* Card |
|---|---|
|
Annual fee:
$0 |
Annual fee:
$0 |
|
Welcome bonus:
Get 1,200 AIR MILES Bonus Miles‡ and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.† |
Welcome bonus:
Join and get up to $200 in value in your first year!† Earn 10,000 Aeroplan points!† |
|
Rewards:
- Earn 3x the Miles for every $25 spent at participating AIR MILES Partners - Earn 2x the Miles for every $25 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers - Earn 1x the Mile for every $25 that you spend with your credit card everywhere else |
Rewards:
- Earn 1 Aeroplan point on eligible gas, electric vehicle charging, groceries and with Air Canada directly, including through Air Canada Vacations®† - Earn 1 point for every $1.50 you spend on all other purchases.† |
|
Insurance:
Basic travel insurance |
Insurance:
Basic travel insurance |
| - | Apply Now |
Both the BMO® AIR MILES®† MasterCard®* and the CIBC Aeroplan® Visa* Card are $0 annual fee travel credit cards. With the CIBC Aeroplan® Visa* Card, you can earn 1x Aeroplan point per dollar spent on gas, EV charging, groceries and Air Canada purchases. Additionally, shopping at Aeroplan partners allows you to earn double points on your spending.
For those who prefer flying with Air Canada, the CIBC Aeroplan® Visa* Card is a good option. Best of all, you enjoy flexible rewards redemption, as you can redeem your points for flights, vacations, hotel stays, car rentals and gift cards. This card also includes common carrier accident insurance, auto rental collision/loss damage, purchase security, and extended protection, giving it a slight edge over the BMO AIR MILES MasterCard.
Disclosures:
- †Terms and Conditions Apply. This offer it not available to the residents of Quebec.
- The information for the CIBC Aeroplan® Visa* Card has been collected independently by Money.ca. The card details on this page have not been reviewed or provided by the card issuer.
up to 5,000 points
Welcome Bonus
$471
First Year Value
$421
Annual Value
Welcome Bonus: Earn up to 5,000 bonus Scene+ points within your first 3 months (that’s up to $50 towards travel). Expires Jul 01, 2025
Get this card if you...
-
want to quickly rack up SCENE points
-
want to access exclusive SCNE and Amex offers
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Our Take
The Scotiabank Platinum American Express® Card is a premium travel rewards credit card offering elevated earn rates on all eligible purchases, with additional benefits such as complimentary airport lounge access and comprehensive travel insurance. It charges no foreign transaction fees and provides access to exclusive events.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
Earn 5,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
Annual Interest Rates
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
Rewards Scene+
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshcoand more
2x
Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points for every $1 you spend on eligible select streaming services
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$500
Mobile device insurance amount
Earn up to 5,000 bonus Scene+ points within your first 3 months (that’s up to $50 towards travel).
To qualify for these offers make sure to open a new Scotiabank American Express credit card account (“Account”) between November 1, 2024 and July 1, 2025.
To qualify for the 5,000 bonus Scene+ points offer:
1. Earn 2,500 bonus Scene+ points by making at least $250 in everyday eligible purchases in your first 3 months.
2. You are eligible to earn an additional 2,500 Scene+ point bonus when you spend at least $1,000 in everyday eligible purchases in your first 3 months.
Once you qualify, we’ll credit your account in 2 instalments:
1. 2,500 bonus Scene+ points will be credited to the applicable account approximately8 weeks following the qualifying $250 in eligible purchases being posted to your Account within the first 3 months of Account opening.
2. An additional 2,500 bonus Scene+ points will be credited to the applicable Scene+ membership account approximately 8 weeks after the qualifying $1,000 in eligible purchases being posted to your Account within the first 3 months of Account opening.
Note: For joint Accounts, the applicable bonus will be credited to the Scene+ account linked to the Account of the borrower that completed the last transaction to meet the qualifying amount of eligible purchases in the case of the 2,500 Point Bonus and the Additional 2,500 Point Bonus.
Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for this offer.
See terms and conditions for full details.
Our Take
The Scotiabank Platinum American Express® Card is a premium travel rewards credit card offering elevated earn rates on all eligible purchases, with additional benefits such as complimentary airport lounge access and comprehensive travel insurance. It charges no foreign transaction fees and provides access to exclusive events.
Eligibility
Good (620 - 670)
Recommended Credit Score
Pros
-
Earn 5,000 welcome bonus rewards points.
-
Earn up to three Scene+ points on everyday spending.
-
Earn points across five different categories, including food, travel, entertainment and streaming.
-
No annual fee.
Cons
-
The welcome bonus is lower compared to other rewards cards.
-
American Express isn’t accepted everywhere.
-
Limited insurance coverage.
Annual Interest Rates
19.99%
Purchase
22.99%
Cash Advance
22.99%
Balance Transfer
Fees
$0
Annual Fee
2.50%
Foreign Transaction
Rewards Scene+
3x
Scene+ points on every $1 you spend at Sobeys, Safeway, Freshcoand more
2x
Scene+ points for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.
2x
Scene+ points for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.
2x
Scene+ points for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more
2x
Scene+ points for every $1 you spend on eligible select streaming services
4x
Scene+ points for every dollar you spend on hotel bookings, car rentals, and things to do with Scene+ Travel, Powered by Expedia
1x
Scene+ point for every $1 spent on all other eligible everyday purchases
Insurance Benefits
$500
Mobile device insurance amount
Earn up to 5,000 bonus Scene+ points within your first 3 months (that’s up to $50 towards travel).
To qualify for these offers make sure to open a new Scotiabank American Express credit card account (“Account”) between November 1, 2024 and July 1, 2025.
To qualify for the 5,000 bonus Scene+ points offer:
1. Earn 2,500 bonus Scene+ points by making at least $250 in everyday eligible purchases in your first 3 months.
2. You are eligible to earn an additional 2,500 Scene+ point bonus when you spend at least $1,000 in everyday eligible purchases in your first 3 months.
Once you qualify, we’ll credit your account in 2 instalments:
1. 2,500 bonus Scene+ points will be credited to the applicable account approximately8 weeks following the qualifying $250 in eligible purchases being posted to your Account within the first 3 months of Account opening.
2. An additional 2,500 bonus Scene+ points will be credited to the applicable Scene+ membership account approximately 8 weeks after the qualifying $1,000 in eligible purchases being posted to your Account within the first 3 months of Account opening.
Note: For joint Accounts, the applicable bonus will be credited to the Scene+ account linked to the Account of the borrower that completed the last transaction to meet the qualifying amount of eligible purchases in the case of the 2,500 Point Bonus and the Additional 2,500 Point Bonus.
Individuals who are currently or were previously primary or secondary cardholders of a Scotiabank personal credit card in the past 2 years, including those that switch from an existing Scotiabank personal credit card, as well as employees of Scotiabank, are not eligible for this offer.
See terms and conditions for full details.
| BMO AIR MILES Mastercard | Scotiabank American Express® |
|---|---|
|
Annual fee:
$0 |
Annual fee:
$0 |
|
Welcome bonus:
Get 1,200 AIR MILES Bonus Miles‡ and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.† |
Welcome bonus:
Earn up to 5,000 bonus Scene+ points within your first 3 months (that’s up to $50 towards travel). |
|
Rewards:
- Earn 3x the Miles for every $25 spent at participating AIR MILES Partners - Earn 2x the Miles for every $25 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers - Earn 1x the Mile for every $25 that you spend with your credit card everywhere else |
Rewards:
- Earn 3 Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, Foodland and more. - Earn 2 Scene+ points1 for every $1 you spend on restaurants, fast food, drinking establishments, and other eligible grocery stores. Includes popular food delivery and food subscriptions. - Earn 2x Scene+ points¹ for every $1 you spend on eligible entertainment purchases, from movies, theatres, and select streaming services. - Earn 2 Scene+ points1 for every $1 you spend on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more. - Earn 1 Scene+ point for every $1 spent on all other eligible everyday purchases. |
|
Insurance:
Basic travel insurance |
Insurance:
Basic travel insurance |
| - | Apply Now |
If you want a no fee rewards credit card that offers a more flexible rewards program, you can look at the Scotiabank American Express credit card. This credit card allows you to earn 3x Scene+ points on every $1 you spend at Sobeys, Safeway, FreshCo, and Foodland, 2x Scene+ points for every $1 you spend on restaurants, fast food, groceries, drinking establishments and movies. Plus, you can earnEarn 2 Scene+ points1 for every $1 you spend on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more.x Scene+ points for every $1 you spend on eligible gas and daily transit and select streaming services. You can redeem your Scene+ points to for statement credit, gift cards, travel credit and much more. You can also use the Scotiabank Travel portal to book your flights and stays and take advantage of ongoing travel discounts.
Disclosures:
Conditions Apply. Visit here for the Scotiabank American Express® Card to learn more. *See Card Provider's website and Card Application for complete card details, terms and current offers. Reasonable efforts are made to maintain accuracy of information.
5% cash back
Welcome Bonus
$526
First Year Value
$401
Annual Value
Welcome Bonus: Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.† Expires Jun 01, 2025
Get this card if you...
-
want to earn cash back on everyday purchases
-
value the flexibility to redeem cash back at any time
-
value a great welcome offer
Annual Fee & Annual Interest Rates
$0
Annual Fee
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
Our Take
The BMO CashBack® Mastercard®* is a no-annual-fee credit card that allows cardholders to earn cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It offers flexible redemption options and includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
-
No Annual Fee: A rare find in Canada for a cash back card
-
A generous 3% cash back on groceries (up to $500 monthly)
-
Easily redeem from $1, set up automatic redemptions, or use as a statement credit
-
Additional perks include discounts on rentals, free supplementary cards and show discounts
Cons
-
Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
-
Monthly caps on top earn rates for groceries and recurring payments
-
A 2% balance transfer fee applies
-
The interest rate on the remaining balance transfer amount increases after the introductory period
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
0.99%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
Rewards cash back
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.†
Our Take
The BMO CashBack® Mastercard®* is a no-annual-fee credit card that allows cardholders to earn cash back on everyday purchases, with elevated rates for categories such as groceries and recurring bill payments. It offers flexible redemption options and includes benefits like purchase protection and extended warranty.
Eligibility
Good (620 - 670)
Recommended Credit Score
$15,000
Required Annual Personal Income
Pros
-
No Annual Fee: A rare find in Canada for a cash back card
-
A generous 3% cash back on groceries (up to $500 monthly)
-
Easily redeem from $1, set up automatic redemptions, or use as a statement credit
-
Additional perks include discounts on rentals, free supplementary cards and show discounts
Cons
-
Outside of groceries and recurring payments, the standard earn rate drops to 0.5%
-
Monthly caps on top earn rates for groceries and recurring payments
-
A 2% balance transfer fee applies
-
The interest rate on the remaining balance transfer amount increases after the introductory period
Annual Interest Rates
21.99%
Purchase
23.99%
Cash Advance
23.99%
Balance Transfer
0.99%
Balance Transfer (Introductory)
Fees
$0
Annual Fee
Rewards cash back
3%
Cardholders earn 3% (up to a monthly max of $500) cash back on groceries
1%
Cardholders can earn 1% (up to $500 per month) on any recurring bill payments*
0.5%
Cardholders can earn 0.5% (no monthly max) on all other eligible purchases*
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.†
BMO CashBack® Mastercard®* - winner, best no annual fee credit card in the Money.ca Credit Card Awards
| BMO AIR MILES MasterCard | BMO CashBack MasterCard |
|---|---|
|
Annual fee:
$0 |
Annual fee:
$0 |
|
Welcome offer:
Get 1,200 AIR MILES Bonus Miles‡ and a 0.99% introductory interest rate on balance transfers for 9 months with a 2% transfer fee.† |
Welcome bonus:
Get up to 5% cash back in your first 3 months and a 0.99% introductory interest rate on Balance Transfers for 9 months with a 2% transfer fee.† |
|
Rewards:
- Earn 3x the Miles for every $25 spent at participating AIR MILES Partners - Get 2x the Miles at any eligible grocery store* - Earn 2x the Miles for every $25 spent at any eligible wholesale clubs, membership-based retailers and alcohol retailers - Earn 1x the Mile for every $25 that you spend with your credit card everywhere else |
Rewards:
- 3% (up to a monthly max of $500) cash back on groceries - Earn 1% (up to $500 per month) on any recurring bill payments*. - Cardholders can earn 0.5% (no monthly max) on all other eligible purchases* |
|
Insurance:
Basic travel insurance |
Insurance:
Basic insurance |
| - | Apply Now |
If you're looking for a no annual fee BMO credit card, another great option is the BMO CashBack MasterCard. This card's great welcome offer allows you to maximize your cash back, which you can easily deposit directly into a chequing or savings account, credit to your monthly card statement, or invest via the BMO Investorline account. Cash back is more versatile than AIR MILES, giving you more freedom when it comes to deciding what to do with your rewards.
Disclosures:
- *Terms and conditions apply.
- BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
What people have to say about the BMO AIR MILES Card
AIR MILES are pretty handy if you already shop at places where you can redeem them for cash
/u/beekeeper1981
Is the BMO AIR MILES Mastercard worth it?
If you collect AIR MILES and want to double them so you can redeem them for free flights faster, the BMO® AIR MILES®† MasterCard®* is a great no-fee credit card that can help you achieve exactly that.
However, when doing our research, we found an unexpected revelation. With AIR MILES rewards, you can hack your way to one of the highest travel earn rates of any rewards credit card in Canada, let alone a no annual fee card. The trick is to redeem for short-haul flights at the last minute. Doing so will earn you upwards of 2.04% in value from your BMO® AIR MILES®† MasterCard®* – that’s $2.04 per $100 spent!
Spending example:
For example, in our research at the time this was looked at a flight from Toronto to Boston booked two days before departure cost $664 (excluding taxes & fees), which we were able to book for 1,300 AIR MILES – worth 51 cents a mile ($664/1300)! Divide 51 cents by $25 (1 AIR MILES per $25 spent on the credit card) and you get $2.04 in rewards for every $100 spent on your BMO® AIR MILES®† MasterCard®* – unparalleled redemption value.
Compare the earn rate of 2.04% of the BMO® AIR MILES®† MasterCard®* to the 2% earn rate offered by many of Canada’s top premium travel cards that come with a $150 annual fee and the value is obvious.
BMO AIR MILES MasterCard eligibility
To qualify for the BMO® AIR MILES®† MasterCard®* you need the following:
- A Good credit score
- $15,000or more of annual personal income
Disclosures
- *Terms and conditions apply
- BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
FAQs
Cory Santos is a finance writer, editor and credit card expert with nearly a decade of experience in personal finance. Cory joined Wise Publishing from BestCards, with bylines in numerous print and digital publications across North America, including the Miami Herald, St. Louis Post-Dispatch, Debt.ca, AOL, MSN and Medium as well as financial podcasts like KOFE Talk.
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†Terms and Conditions apply.