Air Miles could be very well-known amongst Canadian factors collectors. Though many would say Air Miles misplaced a few of its lustre in recent times, 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.
Finest Air Miles bank cards in Canada
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Gold: Finest Air Miles bank card
BMO AIR MILES Mastercard
Save on an annual price 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% stability switch
Welcome provide:
$158 worth
Earn 1,500 AIR MILES Bonus Miles! That’s sufficient for $150 in the direction of purchases with AIR MILES Money
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Silver: Finest 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% stability switch
Welcome provide:
$316 worth
Earn 3,000 AIR MILES Bonus Miles! That is sufficient for $310 in the direction of purchases with AIR MILES Money!
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Best option for college students
BMO AIR MILES Mastercard – Pupil
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% stability switch
Welcome provide:
$85 worth
Earn 800 Air Miles Bonus Miles price $80 in the direction of purchases with Air Miles Money
Gold: BMO Air Miles Mastercard
At a look: The no-fee BMO Air Miles Mastercard is the best choice for informal Air Miles collectors. With first rate rewards and a typical set of perks, this can be a nice entry-level card, particularly for Canadians who take part in a number of loyalty applications and aren’t concerned about paying an annual price.
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BMO Air Miles Mastercard
Annual price: $0
Welcome provide: Earn 1,500 Air Miles bonus Miles ($150 worth) and a 0.99% introductory rate of interest on stability transfers for 9 months with a 2% switch price.
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on stability transfers |
| Revenue required | Private revenue of $15,000 |
| Credit score rating | 660 or increased |
| 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: In the event you’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 via the Air Miles program. With nice earnings on journey and a complete suite of journey insurance coverage and perks, this card is a good choice for frequent flyers.
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BMO Air Miles World Elite Mastercard
Annual price: $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 stability transfers |
| Revenue required | Private revenue of $80,000 or family revenue of $150,000 |
| Credit score rating | 760 or increased |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105. |
Finest 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 should be a pupil 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 have an revenue (both employment, scholarship/grant, pupil mortgage or household allowance).
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BMO Air Miles Mastercard for College students
Annual price: $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 increased |
| 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 aimed toward “reinvigorating one in all Canada’s largest loyalty applications.” The adjustments embrace new methods to earn and redeem Air Miles rewards. Learn extra about the Air Miles relaunch.
The place are you able to accumulate 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 extra 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 Automobile Rental
- Boston Pizza
- Price range Automobile Rental
- Decathlon
- Dollarama
- International 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 barely provided at a restricted variety of Canadian fuel stations. Presently, 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 gasoline, and 1 Mile for each 10 litres of bronze, silver and diesel gasoline at Shell Stations, plus 1 Mile for each $5 spent on automotive wash or in-store merchandise.
- 1 Mile for each 20 litres of gasoline bought at Irving Oil fuel stations, plus 1 Mile for each $20 spent on comfort retailer merchandise and automotive washes.
Dream Miles versus Money Miles
One other characteristic of the Air Miles program is that it allows you to select from two other ways to earn: Money Miles or Dream Miles.
Money Miles can be utilized in the direction of on a regular basis procuring at groceries or fuel at collaborating companions. You can use your Miles on garments at Lululemon, on an evening on the films 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 (“larger” than what you’ll use with Money Miles), and the redemption fee varies. You can redeem your Dream Miles for a flight booked on one of many Air Miles associate airways.
As an Air Miles collector, you must select whether or not to earn your Miles within the Money or Dream classes—however don’t fear in regards to the dedication. You possibly can 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 towards 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 some 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 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 mix 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 via the Air Miles app. Customers can discover new gives, together with qualifying particulars and situations, 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 a number of 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 via Air Miles Receipts.