Wednesday, July 15, 2009

BMO revamps its AIR MILES MasterCard credit cards

BMO today announced some enhancements to their AIR MILES line of MasterCard credit cards that will be effective August 3. In an apparent move to compete better with many no fee credit cards and American Express, BMO has sweetened the benefits and rewards surrounding two of their rewards credit cards. For the Gold version, BMO is now offering travel insurances which previously were optional for a yearly fee and a bigger discount on AIR MILES flights. The Silver and Bronze options for the AIR MILES MasterCard appear to be rolled into one card with no fee (formerly a Bronze feature) and it earns 1 AIR MILES reward mile for each $20 spent (formerly a Silver feature)

The changes to the cards are as follows:
BMO Gold AIR MILES MasterCard
- Exclusive 25% discount on the number of AIR MILES reward miles required to fly (increased from 20%)
- Built in Collision Damage Waiver – covers damage, theft and loss-of-use of rental car
- Travel insurances: lost document and ticket replacement, lost luggage assistance etc.
- Double AIR MILES reward miles at National Car Rental and Alamo Rent A Car locations worldwide
- The remainder of the features remain the same (Supplementary Card fee, double AIR MILES at Shell etc.)

BMO AIR MILES MasterCard
- No Annual Fee
- Earn 1 AIR MILES reward mile for every $20 in card purchases
- 1.5x AIR MILES reward miles at National Car Rental and Alamo Rent A Car locations worldwide
- The remainder of the features remain the same (free Supplementary Cards, 1.5x AIR MILES at Shell etc.)

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