AIR MILES Mastercard

BMO

The BMO AIR MILES Mastercard is a no-annual-fee option for Canadians who want to earn AIR MILES on everyday purchases, though it comes with modest earning rates that may disappoint value-focused consumers. The card earns 3 AIR MILES per $25 spent at participating partners, 2 AIR MILES per $25 at grocery stores, and 1 AIR MILE per $25 elsewhere, translating to roughly 1.2%, 0.8%, and 0.4% returns respectively when redeemed for cash value. The welcome bonus of 1,200 AIR MILES provides approximately $120 in value upon approval.

While the earning rates are low compared to cash back alternatives, the card offers a compelling 0.99% balance transfer rate for nine months and practical benefits like Shell fuel discounts and basic purchase protection. This card works best for existing AIR MILES collectors who want to supplement their earning without paying fees, or those seeking debt consolidation through the promotional balance transfer offer. However, most Canadian consumers will find better long-term value with higher-earning cash back cards or more flexible travel rewards programs.