And the fight for new customers begins! As we always see when summer vacation comes to a close and September starts, new credit cards come out, new offers for existing credit cards come out and existing cards get changed. Over the next few days we should see quite a bit of this action as the Canadian card issuers vie for your business!
Here are the first two changes we know of and they come to us from BMO and are for two of their AIR MILES co-brand credit cards.
BMO® AIR MILES®† MasterCard®*
- Limited time: Get up to 800 Bonus AIR MILES and there’s No annual fee
- Earn more reward miles when you use your card at Shell, National Car Rental and Alamo Rent A Car
- 1 AIR MILES reward mile for every $20 that you spend on your credit card
BMO® AIR MILES®† World Elite®* MasterCard®*
- Limited time: Get up to 3,000 Bonus AIR MILES
– that’s enough for 3 select short haul flights - Exclusive 25% Flight Discount on all AIR MILES flights in North America with no blackout periods
- 1 AIR MILES reward mile for every $10 that you spend on your credit card
Looking at these offers with our AIR MILES valuation of 11 to 15 cents per Reward Miles see the sign up bonus value of these cards increased to as high $120 for the no fee card (that’s a pretty decent value for a card that costs you nothing!) and as much as $450 for the World Elite version. BMO definitely wants to win some market share with these two new offers!