BMO AIR MILES Business Mastercard review

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Advertiser Disclosure

Interest Rate: Purchases
19.99
Balance Transfer
22.99
Rewards
1 - 1.25 Miles
Signup Bonus
2000 miles (after spending $5,000)


Am I eligible?


BMO AIR MILES Business Mastercard is typically available to those with excellent credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Ratehub.ca

The rewards scheme offered by the BMO Air Miles No-Fee Business Mastercard is a little slim, so if you’d like a more robust rewards offering, consider the second option: The BMO Air Miles Business Mastercard. This credit card has an annual fee of $120, and that annual fee allows you to earn more sub...

- Jordann Brown, Ratehub.ca

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 22.99%
Cash Advance Interest Rate 22.99%
Rates & Fees
Annual Fee $120.00

Waived on the first year.

Balance Transfer Fee $3.50
Cash Advance Fee $1.50

- Maximum of $4.50 for cash advances on ATMs

- Minimum of $3.00, maximum of $6.00 for cash advances over-the-counter

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus 2000 miles after spending $5,000

- On purchases within the first 3 months.

- In addition, get 1000 bonus miles after your first purchase.

Rewards
All Purchases 1 mile for $10 spent
Restaurants No
Gas 1.25 miles for $10 spent

On purchases made at Shell locations in Canada (including, Beaver, Turbo and Payless) to a maximum of $2,500 in any monthly billing period.

Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments No
Additional Benefits

- Liability Waiver Program to protect your business against employee card abuse

- Trip Cancellation

- Trip Interruption/Trip Delay

- Lost/Delayed Baggage Insurance

- Emergency replacement cards

Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Critic Reviews


Ratehub.ca

Best fee-based Air Miles business credit card

from Ratehub.ca

The rewards scheme offered by the BMO Air Miles No-Fee Business Mastercard is a little slim, so if you’d like a more robust rewards offering, consider the second option: The BMO Air Miles Business Mastercard. This credit card has an annual fee of $120, and that annual fee allows you to earn mor...More

The rewards scheme offered by the BMO Air Miles No-Fee Business Mastercard is a little slim, so if you’d like a more robust rewards offering, consider the second option: The BMO Air Miles Business Mastercard. This credit card has an annual fee of $120, and that annual fee allows you to earn more substantial Air Miles rewards. For every $10 you spend on this credit card, you’ll earn 1 reward mile. At participating Shell stations you’ll earn 1.25 rewards miles on purchases, up to a maximum of $2,500 in purchases in every monthly billing period.

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