Return of the best offer for an AIR MILES co-brand credit card – Up to 3,000 Miles, a companion ticket with no annual fee in the 1st year

We see the return of the best ever offer for an
AIR MILES credit card. Right now when you apply for and receive the BMO AIR MILES World Elite Mastercard
they will give it to you with no annual fee in the first year which
means all of the bonuses and benefits it comes with come to you at no

Let’s look at the sign up bonus. They have actually increased it with
this offer of the first year free from the previous 2,000 miles to 3,000
miles! The 3,000 AIR MILES Reward Miles bonus is broken down as such:
you’ll receive 1,000 miles on your first purchase and an additional
2,000 miles when you spend $3,000 on eligible purchases (pretty much
your everyday spending, things like interest, cash advances etc. are not
eligible) within the first three months of having the card.

When redeeming for flights we value AIR MILES Reward Miles at 11 to 15
cents each. This means the 3,000 miles with this card are worth at least
$330. Even if you only run Cash Miles and not Dream Miles you are
looking at approximately $315 in value. Not bad considering they don’t
cost you anything outside of your everyday spend.

However the sign up bonus doesn’t end there like it typically does. BMO
has now thrown in a companion ticket rebate offer. When you redeem miles
for two tickets via AIR MILES you’ll have the
miles for the second ticket rebated to you. It doesn’t matter where the
redemption is to, it can be to anywhere in the World, as long as you
have the miles for both tickets at time of redemption you can get the
rebate. That’s the kicker, having enough miles. So in all likelihood
most of the companion ticket rebates will be used for flights within
Canada or the U.S. as that is where the majority of AIR MILES redemption
happen as most collectors do not collect enough miles for flights for
two people beyond the borders of North America. That being said, maybe
you are sitting on a huge nest egg of miles and have enough for two big
ticket redemptions. Well before you redeem get this card and you’ll
effectively drop your redemption rate to 50% and be able to keep a large
amount of miles in your account.

Here are the exact terms for the companion ticket offer:

To be credited the Dream Miles for your Companion flight ticket, you
must book any two flights (one way or return) for travel anytime
(subject to availability from participating suppliers at the time of
booking) through using your Dream Miles. Both flight tickets must be booked in the same transaction, and on
the same itinerary (both flights must be travelling on the same day,
departing from the same location in Canada, and arriving to the same
destination). You must have accumulated a sufficient balance of Dream
Miles in your Collector Account to use for both flights in the same
transaction to be eligible for this Offer. You will be credited the
number of Miles back into your Dream Account that is equal to one flight
ticket (excluding all taxes, fees and applicable surcharges) within 45
days after your flight booking.

The combination of these three offers when you get this card (sign up
bonus, first year free & companion ticket rebate) make this one of
the strongest new limited time offers out there, especially if you are
looking for an AIR MILES co-brand credit card. Even if you don’t use the
companion ticket rebate the card is still a great option to get with
the $300+ value from the sign up bonus as you can always cancel the card
before the 12 months is up so you don’t pay the annual fee for year
two. Remember as well the card also offers LoungeKey membership with
two free visits and one of its strongest features: 15% off AIR MILES
flight redemptions for travel within North America. Really there isn’t a
reason why you shouldn’t get this card right now.

Card details:

BMO AIR MILES World Elite Mastercard

Welcome offer: Get up to 3,000 AIR MILES Bonus Miles plus a Companion Flight rebate and we’ll waive the $120 annual fee for the first year*.· Earn 1 reward mile for every $10 in credit card purchases, everywhere you spend*
· Exclusive 15% Flight Discount on all AIR MILES flights in North America with no blackout periods*
· BMO AIR MILES World Elite Travel and Medical Protection*
· Complimentary membership in Mastercard Airport Experiences provided by LoungeKey, with exclusive VIP access, plus two annual complimentary passes.
· BMO Concierge Service*
· Use your card at Costco
· *Terms and conditions apply
Annual Fee: $120 Primary Card $50 Supplementary Card
· Interest Rate: Purchases 19.99% Cash Advances 22.99%

Apply Now