BMO AIR MILES No-Fee Business Mastercard

Last updated: June 23, 2023
  • 1,000 AIR MILES
  • $105 First-year value
Signup bonus:
1,000 AIR MILES upon spending $3,000 in the first three months
Annual fee:
Earning rate:
1.25x the Miles for every $20 you spend at Shell
1 AIR MILE per $20 spent on all other purchases
Perks & benefits:
Enjoy Purchase Protection and Extended Warranty

The BMO AIR MILES No-Fee Business Mastercard is a great credit card for business owners who are dedicated to the AIR MILES program.

With a competitive welcome bonus and no annual fee, this card could be a useful option for any business owner looking to pick up some extra AIR MILES to supplement their next trip.

Bonuses & Fees

As a welcome bonus, this card offers 1,000 AIR MILES upon spending $3,000 within the first 90 days. That’s a fairly good welcome bonus that’s on par with the personal version of the card.

The card is the only no-fee Business Mastercard for AIR MILES. You can give the card a spin at no cost before deciding whether it’s a good long-term fit for your business needs and you can also use this card at Costco stores across Canada.

You can add up to 22 secondary cardholders on your account.

Earning Rewards

The BMO AIR MILES No-Fee Business Mastercard has a two-tier earning structure. You’ll earn:

  • 1 AIR MILE for every $20 spent at participating partners
  • 1.25x the AIR MILES for every $20 spent at Shell

The base earning rate is fairly good for a no fee business credit card, and almost on par with the personal BMO Air Miles World Elite. The 1.25x bonus at AIR MILES at Shell is a nice bonus.

Having said that, unless you’re specifically aiming to collect AIR MILES with your business expenses, there are much more valuable points currencies towards which you could put your business spending instead.

Additionally, you’ll automatically be enrolled for offers on Mastercard Easy Savings, good for 1–25% cash back rebates at select merchants, on top of your regular rewards.

Redeeming Rewards

AIR MILES are redeemed in two categories: Cash Rewards and Dream Rewards. You can set your preference on the AIR MILES website in any ratio (e.g., 95% Cash Rewards, 5% Dream Rewards), but keep in mind while you can change this later, the miles cannot be reallocated.

Cash Rewards can be redeemed at a rate of 95 AIR MILES = $10 (10.5 cents per point) at participating merchants, including the Sobeys and Metro grocery chains.

Dream Rewards are best redeemed for travel, including short-haul flights, hotels, car rentals, and attraction tickets. You should always aim to redeem Dream Rewards for at least 10.5 cents per point against the cash price, as otherwise you would’ve been better off collecting Cash Rewards instead.

Perks & Benefits

As a no-fee card, the BMO AIR MILES No-Fee Business Mastercard comes with relatively few perks.

With the welcome bonus of 1,000 AIR MILES. That’s enough for $100 towards your purchases with AIR MILES Cash. Get up to 22 additional cards so employees can make purchases on behalf of your business and help you earn points faster. Note that this card can be used at Costco locations across Canada.


Insurance Coverage

Insurance benefits on the BMO AIR MILES No-Fee Business Mastercard are also limited. The card will double the manufacturer’s warranty for purchases made with the card, up to one additional year.

Apply Now

This card is available for any business, whether you run a sole proprietorship or a corporation. You may need to show various types of business registration documents and proof of income depending on the structure of your enterprise.

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