BMO Air Miles No-Fee Business Mastercard Review

The basics

Whether you travel regularly for business or pleasure, you could get to your next destination faster with the BMO Air Miles No-Fee Business Mastercard.

• $0 annual fee. The annual fee for this card is $0.
• Welcome bonus. Get up to 1,000 AIR MILES Bonus Miles. That's over $100 towards your purchases with AIR MILES Cash.
• Purchase insurance. Protect the items you buy on your card against damage or loss with purchase protection and extended warranty coverage.
• Save at the gas station. Get up to 7 cents off per litre on all Shell fuel.

The perks

• Accepted at Costco. Use this card to make purchases at Costco locations across Canada.
• Fraud proof. Protect your business against employee card abuse with BMO’s Liability Waiver program.
• 24/7 support. Talk to customer service at any time of day to troubleshoot issues you might have with your card.
• Enhanced security. Use your Mastercard SecureCode to protect your purchases online.
• Free additional cards. The annual fee for additional cards is $0.

What to watch out for

Low return. You’ll only earn around 50 Air Miles for every $1,000 you spend (which means you’ll have to spend at least $20,000 to get one short-haul return flight in Canada).

• No travel insurance. You won’t get travel medical or other forms of travel insurance as part of your benefits with this card.

BMO Air Miles No-Fee Business Mastercard interest rates

What should I know before I apply?

Eligibility requirements

To apply for a BMO Air Miles No-Fee Business Mastercard, you need to meet the following criteria:

• Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces)
• Own a business in Canada

Required documents and information

• Your name, residential status and contact information
• Your Social Insurance Number and date of birth
• Your email address and phone number

How to apply for the BMO Air Miles No-Fee Business Mastercard

1. Click the green “go to site” button above to be securely redirected to the BMO Air Miles No-Fee Business Mastercard application.
2. Complete the application, which includes providing your name, email address, Social Insurance Number and birth date.
3. Review and submit your application.

I got the card, now what?

When you receive your card in the mail, you’ll need to activate it and set up your PIN. From there, you can swipe it at the till to pay for purchases or use it to shop online. The best way to earn the most Air Miles possible is to shop with partner companies.

Bottom line

The BMO Air Miles No-Fee Business Mastercard is a good fit for Air Miles members who want to collect more miles but would prefer to pay a $0 annual fee. This card comes with a welcome offer and basic insurance (like purchase protection and extended warranty). Just be aware that you won’t get travel insurance with this card, and it has a low earn rate so it can take a while to collect a significant amount of rewards.

Frequently asked questions about the BMO Air Miles No-Fee Business Mastercard

• Does the BMO Air Miles No-Fee Business Mastercard offer a welcome bonus?

  Get up to 1,000 AIR MILES Bonus Miles. That's over $100 towards your purchases with AIR MILES Cash.

• How much are my Air Miles worth?

  The value of your Air Miles can depend on what type of rewards you want to cash them in for. The general rule is that every Air Mile you earn will be worth between 10 and 15 cents.

• Will my Air Miles expire?

  No, your points will continue to hold value as long as your account is active and in good standing.