Air Miles may be very well-known amongst Canadian factors collectors. Though many would say Air Miles misplaced a few of its lustre lately, BMO acquired and relaunched this system in 2024 with new companions and extra methods to earn Miles. Let’s see how the three BMO bank cards out there to on a regular basis collectors stack up towards one another.
Greatest Air Miles bank cards in Canada
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Gold: Greatest Air Miles bank card
BMO AIR MILES Mastercard
Save on an annual payment and earn as much as 3 Miles per $25 spent at Air Miles companions.
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Curiosity Charges:
21.99% buy, 23.99% money advance, 23.99% steadiness switch
Welcome provide:
$158 worth
Earn 1,500 AIR MILES Bonus Miles! That’s sufficient for $150 in direction of purchases with AIR MILES Money
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Silver: Greatest Air Miles bank card
BMO AIR MILES World Elite Mastercard
Gather Air Miles twice as quick by incomes as much as 3 Miles per $12 spent at Air Miles companions.
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Curiosity Charges:
21.99% buy, 23.99% money advance, 23.99% steadiness switch
Welcome provide:
$316 worth
Earn 3,000 AIR MILES Bonus Miles! That is sufficient for $310 in direction of purchases with AIR MILES Money!
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Best option for college students
BMO AIR MILES Mastercard – Scholar
Related options and earn charges because the BMO Air Miles Mastercard, however with fewer eligibility necessities.
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Curiosity Charges:
21.99% buy, 23.99% money advance, 23.99% steadiness switch
Welcome provide:
$85 worth
Earn 800 Air Miles Bonus Miles value $80 in direction of purchases with Air Miles Money
Gold: BMO Air Miles Mastercard
At a look: The no-fee BMO Air Miles Mastercard is the most suitable choice for informal Air Miles collectors. With respectable rewards and an ordinary set of perks, it is a nice entry-level card, particularly for Canadians who take part in a number of loyalty packages and aren’t involved in paying an annual payment.
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BMO Air Miles Mastercard
Annual payment: $0
Welcome provide: Earn 1,500 Air Miles bonus Miles ($150 worth) and a 0.99% introductory rate of interest on steadiness transfers for 9 months with a 2% switch payment.
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Revenue required | Private earnings 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. |
Silver: BMO Air Miles World Elite Mastercard
At a look: If you happen to’re a extra severe Air Miles collector, the BMO Air Miles World Elite Mastercard gives nice rewards and advantages. This card is greatest for individuals who wish to maximize rewards by means of the Air Miles program. With nice earnings on journey and a complete suite of journey insurance coverage and perks, this card is a superb possibility for frequent flyers.
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BMO Air Miles World Elite Mastercard
Annual payment: $120
Welcome provide: Earn 3,000 Air Miles bonus Miles ($310 worth)
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Revenue required | Private earnings of $80,000 or family earnings 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. |
Greatest Air Miles bank card for college students
At a look: This pupil card comes with largely the identical earn charges and advantages because the BMO Air Miles Mastercard. Nonetheless, as a student credit card, the eligibility necessities are much less strict. To qualify, you’ll must be a pupil at a acknowledged post-secondary faculty, aged 18 to 24 and the age of majority in your province, a Canadian citizen or everlasting resident, and have an earnings (both employment, scholarship/grant, pupil mortgage or household allowance).
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BMO Air Miles Mastercard for College students
Annual payment: $0
Welcome provide: Earn 800 Air Miles bonus Miles ($80 worth)
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances |
| 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. |
What’s modified about Air Miles?
BMO bought 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 geared toward “reinvigorating certainly one of Canada’s largest loyalty packages.” The adjustments embody new methods to earn and redeem Air Miles rewards. Learn extra about the Air Miles relaunch.
The place are you able to acquire Air Miles in Canada?
There are dozens of retailers and repair suppliers that provide Air Miles. While you store at these shops, you’ll earn further Air Miles in your purchases. Observe, as of July 21, 2024, Metro is no longer an Air Miles partner; as a substitute, the grocery retailer chain now gives Moi rewards in Metro and Meals Fundamentals shops. The present listing of Air Miles companions consists of:
- Alamo Automotive Rental
- Boston Pizza
- Price range Automotive Rental
- Decathlon
- Dollarama
- International Pet Meals
- Goodyear
- H&M
- Harry Rosen
- Instacart
- Porter
- Shell
- Simons
- Through Rail
Which fuel stations take Air Miles?
Whereas Air Miles is broadly accepted in Canada, this system is just supplied at a restricted variety of Canadian fuel stations. At present, Shell Canada and Irving Oil are the 2 fuel stations in Canada that 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 helps you to select from two other ways to earn: Money Miles or Dream Miles.
Money Miles can be utilized in direction of on a regular basis buying at groceries or fuel at collaborating companions. You could possibly 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 typically big-ticket gadgets (“greater” than what you’ll use with Money Miles), and the redemption charge varies. You could possibly redeem your Dream Miles for a flight booked on one of many Air Miles associate 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 need your entire Miles to enter financial savings towards a visit, you’d select 100% Dream. Or, you’ll be able to cut 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. Nonetheless, with the current adjustments to this system, Air Miles can now be transformed relying in your collector standing. Listed below are the three Air Miles tiers, and methods 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 flexibility to redeem with a mixture of money and Miles.
What’s Air Miles Receipts?
Air Miles Receipts rolled out quickly after BMO’s acquisition of this system in 2023. Grocery purchases had been as soon as the most effective methods to earn Air Miles. However after the Sobeys and Metro grocery chains left this system, incomes Miles turned a lot more durable. Air Miles Receipts is this system’s response to that.
Now, Air Miles members can earn factors on grocery product-specific gives made out there by means of the Air Miles app. Customers can discover new gives, together with qualifying particulars and circumstances, within the app. After you have made an eligible buy—for instance, there could also be a proposal to purchase any flavour of a specified model of yogurt from a qualifying retailer—you merely scan and add your paper receipt (in full) utilizing the app. Your Air Miles rewards ought to seem in your account inside just a few weeks.
One good thing about utilizing Air Miles Receipts is that collectors can earn a number of rewards currencies on a single buy. For instance, when shopping for groceries from a Sobeys grocery retailer, buyers can swipe an American Categorical bank card and a Scene+ loyalty card on the register—incomes each Amex Membership Rewards factors and Scene+ factors. They will then scan their receipt and earn Air Miles rewards on the identical buy by means of Air Miles Receipts.
