Behind the scenes there has been quite bit of fan fare about this enhancement, from NDAs to Embargoes and more and now we can bring it to you. Is it good news? Absolutely! Is it ground breaking news? Not really. But any enhancement made to a product that is actually a true enhancement is welcome news! I can say that after 2016, AIR MILES is really trying hard to gain back some credit and changes likes these sure don’t hurt.
The no fee BMO AIR MILES Mastercard is getting a boost on its everyday earn rate at AIR MILES sponsors. New and existing cardholders will now earn 2x the miles at locations likes Sobeys, Safeway, Lowes, Shell, Rexall, Jean Coutu, Lawtons and more. That means instead of 1 AIR MILES Reward Miles per $20 spent on this Mastercard you’ll now earn 2. All other spending on the card will continue to be at the rate one mile for every $20 spent. Here at Rewards Canada we value AIR MILES Reward Miles at an average of 13 cents each, which means you will now be getting 26 cents in value for those $20 spent at AIR MILES sponsors or about a 1.3% return. Depending on what you redeem for you could get higher value but generally we haven’t seen many returns higher than 1.3%. If you redeem only for Cash Rewards that 2x miles will work out to a straight 1% return. Are these good returns? For a no fee card they aren’t too bad but you have to remember that all your other spending comes in at an average of 0.65%.
Here are the card details:
500 AIR MILES Bonus Miles after your first card purchase
LIMITED TIME OFFER: Get a 1.99% introductory interest rate on Balance Transfers for 9 months*
– and there’s No annual fee
– Get 2x the Miles for every $20 spent at participating AIR MILES Partners*
– Get 1 Mile for every $20 spent everywhere else*
– Earn more reward miles when you use your card at Shell, National Car Rental and Alamo Rent A Car
– Extended Warranty
– Purchase Protection
– Interest Rate: Purchases 19.99% Cash Advances 22.99%
The 2x miles multiplier at AIR MILES sponsors is also being extended to these other no fee AIR MILES cards from BMO:
– SPC AIR MILES Mastercard
– Shell AIR MILES Mastercard from BMO
– BMO Sobeys AIR MILES Mastercard
– BMO IGA AIR MILES Mastercard
Do you have this card? If so this is good news for you! If you don’t and were considering a no fee card does this change the BMO no fee AIR MILES card sway you to considering it? Let us know in the comments below!