The following offers are no longer available.
The biggest ever bonuses ever seen to date on BMO’s consumer and business AIR MILES Cards have been extended. These offers were set to end on October 31, 2023 but have now been extended to November 30, 2023.
Here are the offers in order of largest to smallest bonus:
BMO AIR MILES World Elite Business Mastercard
Up to 15,000 bonus AIR MILES
The premium business AIR MILES card offering from BMO also sees a huge jump in its bonus offer to 15,000 miles. On top of this the card still features a first year annual fee waiver so you don’t have to pay the $120 annual fee in the first year.
Just like the other offers, this bonus will take 12 months and the highest amount of spend out of the four cards. Here’s how the 15,000 AIR MILES are earned:
- 5,000 AIR MILES when you spend $5,000 within the first 3 months
- 5,000 AIR MILES when you spend $10,000 within the first 6 months
- 5,000 AIR MILES when you’ve spent $45,000 cumulative in your first 12 months
$45,000 is a lot to spend but then again if your business funnels most expense spending via credit cards this may not be a hard number to acheive.
If you do earn the entire bonus, 15,000 AIR MILES works out to over $1,578 in value via the Cash Miles option. The true value will end up being $1,429 as you will have to subtract the 2nd year annual fee from that total unless you manage to get it waived again or have a BMO bank account that covers the annual fee.
Click here to apply for this card
BMO AIR MILES World Elite Mastercard
Up to 8,000 bonus AIR MILES
The premium AIR MILES card offering from BMO sees a huge jump in its bonus offer to 8,000 miles from the typical 2,000 to 3,000 miles. On top of this the card still features a first year annual fee waiver so you don’t have to pay the $120 annual fee in the first year.
Earning the entire bonus will take 12 months and a considerable amount of spend compared to the standard offer. Here’s how the 8,000 AIR MILES are earned:
- 3,000 AIR MILES when you spend $3,000 within the first 3 months
- 2,500 AIR MILES when you spend $15,000 within the first 6 months
- 2,500 AIR MILES when you’ve spent $30,000 cumulative in your first 12 months
As you can see it will take $30,000 in spending over the course of a year to be able to earn the entire bonus. That works out to $2,500 per month in spending. That’s doable for many, especially considering the income requirement of $80,000 personal or $150,000 household for the card but that can also mean much less spending or not even putting any spending on any other credit cards you may have.
If you do earn the entire bonus, 8,000 AIR MILES works out to over $842 in value via the Cash Miles option. The true value will end up being $722 as you will have to subtract the 2nd year annual fee from that total unless you manage to get it waived again or have a BMO bank account that covers the annual fee.
Click here to apply for this card
BMO AIR MILES No-fee Business Mastercard
Up to 5,000 bonus AIR MILES
The no annual fee version sees its bonus boosted to 5,000 Miles from the typical 1,000 miles.
Just like the premium card, the entire bonus for this card will take 12 months to achieve. Here’s how the 5,000 AIR MILES are earned:
- 3,000 AIR MILES when you spend $3,000 within the first 3 months
- 1,000 AIR MILES when you spend $6,000 within the first 6 months
- 1,000 AIR MILES when you’ve spent $15,000 cumulative in your first 12 months
In the end those 5,000 miles are worth $525 in Cash Miles.
Click here to apply for this card.
BMO AIR MILES Mastercard
Up to 2,500 bonus AIR MILES
The no annual fee version sees its bonus boosted to 2,500 Miles from the typical 800 to 1,000 miles.
Just like the premium card, the entire bonus for this card will take 12 months to achieve. Here’s how the 2,500 AIR MILES are earned:
- 1,500 AIR MILES when you spend $1,000 within the first 3 months
- 500 AIR MILES when you spend $5,000 within the first 6 months
- 500 AIR MILES when you’ve spent $10,000 cumulative in your first 12 months
In the end those 2,500 are worth just over $263 in Cash Miles.
Click here to apply for this card
Wrapping it up
In the entire history of the AIR MILES program we’ve never seen bonuses this high for their co-brand cards. The bonuses are huge but so is the required spending so you’ll want to be 100% sure that you can meet those requirements before you apply for any of these cards. In the end it has been great to see AIR MILES really up their game over the past few months and that they’ve turned a corner from being on the brink of extinction only six short months ago.