BMO AIR MILES® No-Fee Business® Mastercard®*

BMO AIR MILES® No-Fee Business® Mastercard®*

The Best No-Fee AIR MILES Credit Card for small business owners. Earn up to 1 mile for every $20 in purchases and use your card at Costco.

Take advantage of this limited-time welcome offer!

Welcome Bonus

1,000 miles

Best For

Year 1


Years 2 and +


Annual Fee


Interest rates
Purchase Rates

19.99 %

Cash Advance Rates

22.99 %

Balance Transfer Rates

22.99 %

Your Monthly Spending


  • Get 1,000 AIR MILES Bonus Miles – that’s enough for $100 towards your purchases with AIR MILES Cash!*
  • Use any BMO AIR MILES credit card with your AIR MILES Collector Card when you pay for gas or shop in store.*
  • Earn 1 AIR MILES Reward Mile on every $20 you spend*
  • Plus – earn 1.25X the Miles for every $20 you spend at participating Shell stations*
  • You can now use your BMO Mastercard at Costco stores across Canada


Fees & Conditions

Personal Income $0
Household Income $0
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 22.99%
Balance Transfer Rates 22.99%
Cash Advance Rate (QC) 21.99%


Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $35
  • Unlimited access = $350 (the value of 10 annual visits)


Welcome Bonus 1,000 miles
Minimum Spending Required $3,000
Minimum Spending Timeframe 90 day(s)


All Spending 0.05 Mille
Drugstores 0.05 Mille
Groceries 0.05 Mille
Convenience Stores 0.05 Mille
Gas 0.05 Mille
Telecom/Internet 0.05 Mille
Local Transport 0.05 Mille
Streaming services 0.05 Mille
Dining and Food delivery 0.05 Mille
Online transactions 0.05 Mille
Recurring Payments 0.05 Mille
Office Supplies 0.05 Mille
Travel 0.05 Mille
Entertainment 0.05 Mille
3 Milesopedia Rating