BMO AIR MILES Mastercard vs BMO CashBack Mastercard for students

2 new BMO Student credit cards

To the point To help students build their credit score and earn cash back, BMO offers 2 student credit cards.
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The features of these two credit cards are identical to the regular versions. On the other hand, the approval system is based specifically on the limited income of students.

An AIR MILES credit card for students

BMO® AIR MILES®† Mastercard®* for students is a card:

  • has no annual fee
  • giving you up to 800 AIR MILES as a welcome bonus
  • earn 1 mile for every $25 in purchases and 3 miles for every $25 in purchases at AIR MILES Partners

You can decide to get either DREAM miles (for travel, products…), or CASH miles (for in store discounts).

If you want to find out how the AIR MILES program works, check out our ultimate travel hacking guide on AIR MILES!

A cash back credit card for students

BMO® CashBack® Mastercard®* for students is a card:

  • with no annual fees
  • offering 5% cash back for the first 3 months (up to $100 in cash back)
  • has a 3% discount rate on groceries
  • has a 1% discount rate on recurring bill payments (such as cell phone, subscription or streaming service payments)
  • earn 0.5% cash back on all purchases

You can redeem your cash back whenever you want (once you’ve reached $50 worth of cash back)!


BMO is one of the only banks to offer interesting credit cards for students.

It’s a great way to build your credit report while earning rewards, whether it’s AIR MILES reward miles or cash back rewards.

Come to discuss that topic in our Facebook Group!
Jean-Maximilien is an expert in Canada and France about Loyalty programs, Credit cards and Travel. He is the Founding President of Milesopedia.

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