Annual Fee
$120
Extra Card Fee
$50
Purchase
19.99%
Cash Advance
22.99%
Balance Transfer
22.99%
Personal Income
N/A
Household Income
N/A
Canadian resident who has reached the provincial age of majority.
  • Earn 1 AIR MILES mile for every $10 spent.
  • Earn 1.25 AIR MILES for every $10 spent at participating Shell Locations.
  • Receive a welcome bonus of 3,000 AIR MILES after your first purchase – enough for 2 short haul flights.
  • As part of your sign-up bonus, receive a companion flight rebate. Simply redeem your AIR MILES for two flights, and get a rebate on the miles used for one of the tickets.
  • Allows cardholders to pool earned miles with personal AIR MILES earned.
  • The ability to add optional employee cards and have those cards protected against employee card abuse.
  • Includes 12 different types of travel and purchase insurance, including the very rare “personal effects” insurance.
  • Extended grace period of 25 days.
  • Pay no annual fee for the first year.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Trip Cancellation $2,500
Trip Interruption $2,000
Flight Delay $500
Baggage Delay $500
Lost or Stolen Baggage $1,000
Personal Effects $1,000
Hotel Burglary $1,000
Rental Car Theft & Damage Yes
Rental Car Accident $200,000
Rental Car Personal Effects $1,000

Please review your insurance certificate for details, exclusions and limitations of your coverage.

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Our Review

The BMO AIR MILES Business Mastercard allows you to earn AIR MILES on every purchase.

It doesn't stop there though, this card also offers a wide range of travel and purchase insurance as well as useful protection for businesses, such as BMO’s Liability Waiver program and an extended grace period.

Although there is an annual fee of $120, you will get to try out this card for free for the first year, and you will be given 3,000 miles as a welcome bonus.

And if that wasn’t enough, you’ll get a one-time use companion voucher. Book two flights using your AIR MILES, and get a rebate on the miles used for one ticket. There’s no limit to the number of AIR MILES being rebated, it’s only limited by how many miles you have available to you.

We're estimating that a typical person will book 2 flights valued at 3,000 AIR MILES each (6,000 miles total) when they take advantage of this companion flight rebate. As such, we've added the estimated dollar value of the 3,000 AIR MILES companion flight rebate to the sign up bonus value for this card.

Rewards – Redeeming for travel

Although AIR MILES can be used as travel rewards or as cash rewards, if you want the best value, travel is the way to go.

If you redeem your AIR MILES for travel rather than cash rewards, your average return on spending will increase significantly – 1.68% average return with travel and 1.05% average return with cash.

When you consider the sign-up bonus, It's really easy to see the difference that return makes.

3,000 bonus miles * 1.68% = $504 in travel rewards

VS

3,000 bonus miles * 1.05% = $315 in cash rewards

That's a $189 difference when you redeem your rewards for cash instead of travel – and I doubt there are many people who feel okay about leaving that kind of money on the table.

Travel and purchase insurance

One of the most impressive features of this card is the amount of insurance it offers - a total of 13 different types:

  • Extended Warranty,
  • Purchase Protection,
  • Travel Accident,
  • Trip Cancellation,
  • Trip Interruption,
  • Flight Delay,
  • Baggage Delay,
  • Lost or Stolen Baggage,
  • Personal Effects,
  • Hotel Burglary,
  • Rental Car Theft or Damage,
  • Rental Car Accident, and, finally,
  • Rental Car Personal Effects.

Personal Effects is definitely an insurance type to take note of.

It is quite rare, and will cover you if your personal items have been stolen at any point of your trip.

Additional protection

For additional protection, The BMO AIR MILES Business Mastercard offers:

Liability Waiver Program

In the event that you suspect another cardholder is misusing any of the additional BMO AIR MILES Business Mastercards you may have, the Liability Waiver program will provide security by waiving the customer’s liability for wrongful charges.

Extended Grace period

The Extended Grace period allow for a more flexible repayment schedule, which can be ideal for any business with either fluctuating or seasonal income – you get at least 25 days to pay your bill before you get dinged with interest fees.

The bottom line

As a whole, the BMO AIR MILES Business Mastercard is an excellent business travel card because of the sheer amount of different types of insurance it offers – every single type of travel insurance you could ever wish for in a travel card, you get with this one.

What are your thoughts?

The creditcardGenius algorithm calculates an estimated dollar value for all rewards and bonuses by using a typical point value a person can realistically achieve by redeeming their rewards in a reasonably optimized way. The "Welcome Bonus" is the dollar value obtained by combining of all one-time bonuses available to new cardholders within the first year. To qualify for the full bonus you may need to make purchases, meet minimum spending requirements, or complete special actions. Terms and conditions apply.

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