[wpcode id=\"6346\"]
{{card.name}} Review
![\"\"](\"https://www.dollarwise.ca/wp-content/uploads/2023/06/BMO-Air-Miles-No-Fee-Business-MasterCard.png\")
{{card.annualFee}}
Annual Fee
{{card.rewards}}
Annual Rewards
{{card.introOffer}}
Intro Offer
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Annual fee
{{card.rewards}}
Annual rewards
{{card.introOffer}}
Intro offer
Pros
{{Pros}}
Cons
{{Cons}}
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Performance test results
At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.
You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.
The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).
{{factor_score_rewards}}
Rewards
{{factor_score_fee}}
Fees
{{factor_score_perks}}
Perks
{{factor_score_interest}}
Interest rates
{{factor_score_insurance}}
Insurance
{{factor_score_acceptance}}
Acceptance
{{factor_score_approval}}
Approval
The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.
These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.
This weighting allows us to judge cards on their merits and the customers they are designed for.
For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.
Rewards
With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:
| Bills | {{reward_bills}} |
| Pharmacy | {{reward_drug}} |
| Gas | {{reward_gas}} |
| Groceries | {{reward_grocery}} |
| Restaurants | {{reward_restaurant}} |
| Specific Stores | {{reward_store}} |
| Travel | {{reward_travel}} |
| All Other Spend | {{reward_other}} |
Calculating your annual rewards
We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.
Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.
We found that you'd earn this per category:
| Bills | {{bills_dollarrewards}} |
| Pharmacy | {{drug_dollarrewards}} |
| Gas | {{gas_dollarrewards}} |
| Groceries | {{grocery_dollarrewards}} |
| Restaurants | {{restaurant_dollarrewards}} |
| Specific Stores | {{store_dollarrewards}} |
| Travel | {{travel_dollarrewards}} |
| All Other Spend | {{other_dollarrewards}} |
![\"\"](\"http://www.dollarwise.ca/wp-content/uploads/2024/01/BMO-Air-Miles-No-Fee-Business-MasterCard_dollar_rewards.svg\")
Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.
This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.
The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.
![\"\"](\"http://www.dollarwise.ca/wp-content/uploads/2024/01/BMO-Air-Miles-No-Fee-Business-MasterCard_rewards_comparison.svg\")
We can compare this card to other options by looking at the earn rate by category.
This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.
For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.
In this example, that's a 10% earn rate on gas.
| Spend | This Card | Average |
|---|---|---|
| Bills | {{bills_earnrate}} | {{averages.mean_bills_earnrate}} |
| Pharmacy | {{drug_earnrate}} | {{averages.mean_drug_earnrate}} |
| Gas | {{gas_earnrate}} | {{averages.mean_gas_earnrate}} |
| Groceries | {{grocery_earnrate}} | {{averages.mean_grocery_earnrate}} |
| Restaurant | {{restaurant_earnrate}} | {{averages.mean_restaurant_earnrate}} |
| Store | {{store_earnrate}} | {{averages.mean_store_earnrate}} |
| Travel | {{travel_earnrate}} | {{averages.mean_travel_earnrate}} |
| Other | {{other_earnrate}} | {{averages.mean_other_earnrate}} |
| Redemption method | Annual rewards |
|---|---|
| Transfer to partner airlines | {{transfer_airlines}} |
| Fixed points travel | {{fixed_points_travel}} |
| Transfer to partner hotels | {{transfer_hotel}} |
| Redeem for travel | {{redeem_travel}} |
| Apply to statement credit | {{statement_credit}} |
| Ticketmaster | {{ticketmaster}} |
| Charity | {{charity}} |
| Gift cards | {{gift_cards}} |
| Amazon.ca | {{amazon}} |
| Merchandise | {{merchandise}} |
| Make investments | {{investments}} |
| Enjoy experiences | {{experiences}} |
| Car rentals | {{car_rental}} |
| Vacations | {{vacation}} |
| Attractions | {{attractions}} |
| Cash rewards | {{cash_rewards}} |
| Grocery rewards | {{grocery_rewards}} |
| Restaurant rewards | {{restaurant_rewards}} |
| Movie rewards | {{movie_rewards}} |
| Apple / BestBuy | {{apple_bestbuy}} |
| Flight rewards | {{flight_rewards}} |
| Airlines Rewards (Charts) | {{airlines_rewards_chart}} |
| CIBC financial products | {{cibc_financial_products}} |
| Air travel - redemptions (scheduled) | {{air_travel_redemptions_schedule}} |
| RBC travel | {{rbc_travel}} |
| Transfer to WestJet | {{transfer_westjet}} |
| Transfer to Hudson Bay | {{transfer_bay}} |
| RBC financial products | {{rbc_financial_products_rewards}} |
| Air Canada gift cards | {{aircanada_gift_card}} |
| Air Canada vactions | {{air_canada_vacations}} |
| Electronics gift cards | {{electronics_gift_cards}} |
| Cash - World Elite | {{cash_worldelite}} |
| Cash - Platinum Plus | {{cash_platinumplus}} |
| Banking plans | {{banking_plans}} |
| Desjardins financial products | {{desjardins_financial_products}} |
| Expedia travel | {{expedia_td}} |
| Educational rewards | {{education_rewards}} |
| HSBC financial products | {{hsbc_financial_products}} |
| Walmart | {{walmart_rewards}} |
| Triangle (Canadian Tire) | {{triangle_rewards}} |
| Meridian travel | {{meridian_travel}} |
| Direct deposit | {{direct_deposit_rewards}} |
| Costco gift cards | {{costco_gift_cards}} |
| Wireless Rogers rewards | {{wireless_rogers_rewards}} |
| 1 Rogers rewards | {{1_roger_rewards}} |
| Other Rogers rewards | {{other_roger_rewards}} |
| Other 1 Rogers rewards | {{other_1_roger_rewards}} |
For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.
That's equivalent to a {{total_earn_rate}} return on spending.
The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.
This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.
In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.
Fees
The {{card.name}} has a {{card.annualFee}} annual fee.
The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.
Perks
![\"\"](\"http://www.dollarwise.ca/wp-content/uploads/2024/01/BMO-Air-Miles-No-Fee-Business-MasterCard_perk_score.png\")
We manually review the perks of each credit card to determine how they compare to other cards.
The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.
The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.
Interest Rates
| Purchase | {{purchase_interest_rate}}% |
| Cash Advance | {{cash_advance_interest_rate}}% |
| Balance Transfer | {{balance_transfer_interest_rate}}% |
The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.
For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.
Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.
Insurance coverage
| Insurance | This Card | Average |
|---|---|---|
| Extended Warranty | {{warranty}} | {{averages.median_warranty}} |
| Purchase Protection | {{purchase_protection}} | {{averages.median_purchase_protection}} |
| Travel Accident | {{travel_accident}} | {{averages.median_travel_accident}} |
| Emergency Medical Term | {{emergency_medical_term}} | {{averages.median_emergency_medical_term}} |
| Emergency Medical over 65 | {{emergency_medical_65}} | {{averages.median_emergency_medical_65}} |
| Trip Cancellation | {{trip_cancellation}} | {{averages.median_trip_cancellation}} |
| Trip Interruption | {{trip_interruption}} | {{averages.median_trip_interruption}} |
| Flight Delay | {{flight_delay}} | {{averages.median_flight_delay}} |
| Baggage Delay | {{baggage_delay_insurance}} | {{averages.median_baggage_delay_insurance}} |
| Lost or Stolen Baggage | {{stolen_baggage}} | {{averages.median_stolen_baggage}} |
| Event Cancellation | {{event_cancel}} | {{averages.median_event_cancel}} |
| Rental Car Theft & Damage | {{rental_theft_damage}} | No |
| Rental Car Personal Effects | {{rental_personal}} | {{averages.median_rental_personal}} |
| Rental Car Accident | {{rental_accident}} | {{averages.median_rental_accident}} |
| Hotel Burglary | {{hotel_burglary}} | {{averages.median_hotel_burglary}} |
| Mobile Phone Insurance | {{mobile_insurance}} | {{averages.median_mobile_insurance}} |
| Personal Effects Insurance | {{personal_effects}} | {{averages.median_personal_effects}} |
| Price Protection Insurance | {{price_protection}} | {{averages.median_price_protection}} |
We scored it {{factor_score_insurance}} out of 5 for insurance.
It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.
Approval and qualifying
| Do I qualify? | |
|---|---|
| Estimated Credit Score | {{credit_score_low}} - {{credit_score_high}} |
| Personal Income | {{personal_income}} |
| Household Income | {{household_income}} |
| Fees | |
|---|---|
| Annual Fee | {{card.annualFee}} |
| Extra Card Fee | $0 |
| Card type | {{card_type}} |
We scored it {{factor_score_approval}} out of 5 for approval.
We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.
This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.
The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.
This puts it in the {{decile.personal_income}} of cards by the income required to qualify.
The BMO Air Miles No Fee Business MasterCard is a popular credit card among Canadian business owners who are looking to earn rewards without incurring additional fees. In this review, we will discuss the earning potential, benefits, drawbacks, and other relevant information about this credit card.
Earning potential with the card
With the BMO Air Miles No Fee Business MasterCard, cardholders will earn 1 AIR MILE Reward Mile for every $20 spent on eligible purchases made using the card. The reward rate is consistent across various categories of spending, including dining, travel, and groceries.
This flat-rate earning potential makes it easy for business owners to accumulate AIR MILES Reward Miles regardless of the type of purchase.
Benefits
- No Annual Fee: One of the major advantages of this credit card is its lack of an annual fee. Many reward credit cards charge annual fees, which can offset the benefits gained from the rewards. The BMO Air Miles No Fee Business MasterCard saves business owners this expense, allowing them to fully enjoy the rewards they earn.
- Welcome Bonus: This credit card often offers a welcome bonus for new card members, providing an initial boost to the number of AIR MILES Reward Miles earned. This bonus can help business owners jump-start their rewards balance, allowing them to redeem reward miles sooner for travel or other incentives.
- Supplementary Cards: Business owners can add supplementary cards for their employees at no additional cost. This helps consolidate all business expenses under a single credit card account while allowing individual employees to contribute to earning AIR MILES Reward Miles for the business.
- Purchase Protection & Extended Warranty: The BMO Air Miles No Fee Business MasterCard offers purchase protection and extended warranty coverage on eligible items purchased with the card. This can provide peace of mind and help protect the business from loss or damage to goods and services paid for using the credit card.
Drawbacks
- Relatively Low Reward Rate: One significant drawback of this credit card is its relatively low reward rate compared to other reward credit cards. With a reward rate of 1 AIR MILE Reward Mile for every $20 spent on eligible purchases, it may take longer to accumulate a significant number of reward miles compared to cards with higher rates or bonus categories.
- Limited Redemption Options: Another drawback is that the BMO Air Miles No Fee Business MasterCard limits reward redemption options to the AIR MILES Rewards Program. Cardholders who are not interested in this specific program or are seeking more flexible redemption options may not find this card as appealing.
Additional information
The BMO Air Miles No Fee Business MasterCard offers online business account management tools, giving business owners the ability to track spending, manage payment schedules, and view account summaries. Additionally, the card comes with liability protection against unauthorized use, ensuring that businesses are not responsible for fraudulent charges made using the card.
In conclusion, the BMO Air Miles No Fee Business MasterCard is a good option for business owners who value the AIR MILES Reward Program, prefer a no annual fee credit card, and do not require high reward rates or diverse reward redemption options.
Consider your business spending habits and rewards preferences when deciding if this card is the right fit for your needs.
Is the BMO Air Miles No Fee Business MasterCard not convincing you? Consider the The Business Platinum Card American Express or the RBC Business Cash Back Mastercard. Still not the right credit card? Make sure not to miss the American Express Aeroplan Business Reserve Card.
FAQ
The BMO Air Miles No Fee Business MasterCard allows you to redeem your accumulated AIR MILES Reward Miles for a variety of rewards targeted at meeting the diverse needs of businesses and individuals. The rewards available include:
- Travel Rewards: Redeem Reward Miles for flights with AIR MILES participating airlines, car rentals, hotel stays and vacation packages. This provides flexibility in choosing travel options based on specific preferences and schedules.
- Merchandise: Choose from a wide selection of products, including electronics, home appliances, or office supplies, from the AIR MILES merchandise catalogue. This can assist with procurement needs or even serve as gifts for employees or business clients.
- Events and Attractions: Reward Miles can also be redeemed for tickets to various events and attractions – such as concerts, theatre shows or amusement parks – that can be utilized for team-building activities or corporate outings.
- Gift Cards: Use Reward Miles to acquire gift cards from numerous popular retailers, covering a broad range of categories including dining, shopping, and entertainment. These gift cards can be used for business expenses or distributed as employee incentives.
- AIR MILES Cash Reward: The accumulated Reward Miles can also be utilized towards AIR MILES Cash Reward, allowing for instant savings at participating merchants, offering added value during business transactions.
Browse the AIR MILES website or visit the nearest BMO branch to explore the extensive rewards options available to maximize the value of your BMO Air Miles No Fee Business MasterCard Rewards Program.
The BMO Air Miles No Fee Business MasterCard credit card does have foreign transaction fees associated with it. Cardholders can expect to be charged a fee of 2.5% on the total amount of any transaction made in a foreign currency. This fee covers the cost of converting the foreign currency amount into Canadian dollars.
The BMO Air Miles No Fee Business MasterCard does not have a minimum personal or business income requirement. However, the applicant’s credit history and overall financial standing will be considered during the application process.
Key benefits
- No annual fee structure
- 1 AIR MILE earned for every $20 in card purchases
- Double rewards at participating AIR MILES partner locations
- Acceptance at millions of payment points worldwide
- Comprehensive purchase protection policies
- Extended warranty for eligible items
- MasterCard Easy Savings program access
- Online account access and management tools
- Lost or stolen card assistance available
- Fraud protection with Zero Liability policy
- Compatible with contactless payments and mobile wallets
- Access to exclusive offers and promotions